How Much are Car Insurance Quotes for a Company Car in Ohio?

Our editors have a joke that when writing about car insurance, the word cheap shouldn’t be used anywhere in the article as a descriptor for car insurance rates. The fact is, cheap car insurance for a company car can be hard to find. But don’t despair, because we can show you some ways you can find coverage that doesn’t cost an arm and a leg.

The vehicle model that needs insurance is one of the biggest factors that determines if you can find cheap auto insurance for a company car in Ohio. Vehicles with average performance, advanced safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The next list showcases auto insurance premiums for a selection of the cheaper vehicles to insure.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in vehicle garaging location which can alter prices significantly.

Based upon the table data, you can figure that vehicles like the Ford Escape, Jeep Wrangler, Honda Odyssey, and Toyota Prius will definitely be the most budget-friendly vehicles to insure for your employer’s vehicle.

One of the many things used to calculate the amount you pay for auto insurance is where you choose to live in Ohio. Areas with more people or even just a higher incidence of claims like Youngstown, Cleveland, and Columbus are more likely to pay higher prices, whereas more rural areas get the luxury of paying less.

The table below lists the most costly cities in Ohio for a company car in which to buy car insurance.

Rate quotes are approximated as vehicle location can modify coverage rates noticeably.

Buying coverage from the right insurer can be difficult considering how many companies provide coverage in Ohio. The rank data shown below could help you analyze which car insurance companies to look at when trying find the best insurance for a company car.

The ratings below are only made up of the largest companies in the United States, so companies that may only write in Ohio are not factored into the list. If you wish to compare prices and find cheaper insurance for a company car, click here.

Drive safe and save

In a perfect world, the best way to maintain affordable insurance premiums in Ohio for your employer’s vehicle is to be a safe driver and avoid getting tickets or having accidents. The diagram below shows how violations and at-fault claims can drive up insurance costs for each age group. Data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 1461,1625,3013],[‘Age 30’, 1029,1193,2579],[‘Age 40’, 1015,1179,2569],[‘Age 50’, 893,1055,2445],[‘Age 60’, 853,1015,2403],[‘Age 70’, 909,1077,2463]]);var options = {title: ‘Effect of Tickets and Accidents on Ohio Insurance Premiums’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Ohio’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of car insurance in Ohio per year with no accidents and a clean driving record is $1,027. Get one speeding ticket and the average cost rises to $1,191, an increase of $164 each year. Now add in two accidents along with the one speeding ticket and the annual cost of insurance for a company car increases to an average of $2,579. That’s an increase of $1,552, or $129 per month, just for not driving safely!

How to find budget-friendly insurance for a company car

Here are some of the better penny-pinching suggestions that can help you buy more affordable coverage.

• Clean up your credit
• At-fault accidents can raise rates significantly
• Assess whether full coverage is needed
• Buying car and homeowners insurance together can save money
• Buy a safer vehicle
• Keep rates low by comparing prices once a year

That last tip is remarkably important, as we noted in the prior information. Insurance rates change constantly, so don’t be unwilling to switch companies if you can find a cheaper rate. Brand loyalty is not necessarily bad, but it’s not a good idea if that inflexibility results in costing you money that could be used for better things. It only take a few minutes to compare prices and find cheaper car insurance for a company car.