Who Has Cheap Car Insurance Quotes for a Company Car in Massachusetts?

Wouldn’t this article be short if we could instantly tell you the exact company that has the cheapest coverage for a company car? It’s not that simple, unfortunately, as there are a whole bunch of unknown elements like if you have a spouse, your financial responsibility, and if your vehicle is used to commute, that help determine the price you have to pay. This article goes into detail about some of these things and will give you a jump start in finding the best auto insurance in Massachusetts.

Comparing rates for cheap car insurance is confusing at best, and figuring out which company offers the most affordable car insurance rates for a company car may require additional perseverance.

Every auto insurer has their own process to determine rates, so we’ll go over the car insurance companies with the overall best prices in Massachusetts.

Best Car Insurance Prices in Massachusetts

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State Farm offers some of the cheapest car insurance rates in Massachusetts at around $741 annually. National Grange Mutual, GEICO, Commerce Group, and OneBeacon are also some of the most economical Massachusetts auto insurance companies.

As shown in the table above, if you currently buy coverage from Commerce Group and switched to National Grange Mutual, you could earn a yearly price reduction of in the neighborhood of $44. Policyholders with OneBeacon may save as much as $45 a year, and Progressive insureds might lower prices by $168 a year.

To find cheap auto insurance for a company car in Massachusetts, click here to begin a quote or visit several of the following companies.

Bear in mind that those premium estimates are averaged for all types of insureds and vehicles and do not take into consideration a price discount for a company car. So the company that is best for you may not even be featured in the list above. That affirms the importance of why you need to get car insurance quotes using your own personal information and vehicle type.

The vehicle you are trying to insure is one of the primary factors when comparing cheap auto insurance for a company car in Massachusetts. Vehicles with average performance, advanced safety features, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models. The next list illustrates car insurance rates for a handful of the most cost-effective automobiles to insure.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in garaging location in Massachusetts which can decrease or increase rates substantially.

Based on these rates, you can conclude that vehicles like the Ford Escape, Subaru Forester, and Kia Forte should be the cheaper vehicles to insure for your employer’s vehicle.

For Massachusetts drivers, one of the factors that is looked at to determine the amount you pay each year for auto insurance is where you keep your vehicle. Regions with more people or even just more weather-related claims like Revere, Lynn, and Springfield are more likely to pay higher prices, whereas areas that are not as densely populated can boast about having cheaper rates.

The illustration below lists the most expensive cities in Massachusetts for a company car to purchase car insurance in.

Premium costs are comparative as specific Massachusetts garaging address can influence coverage prices greatly.

Get discount Massachusetts auto insurance

Insurance companies that offer cheap auto insurance for a company car in Massachusetts may have price discounts that may potentially lower prices by as much as 35% or more if you can meet the requirements. Companies and some of their more popular discounts are shown below.

• The Hartford includes discounts for vehicle fuel type, bundle, anti-theft, air bag, good student, driver training, and defensive driver.
• American Family offers discounts for defensive driver, accident-free, good driver, TimeAway discount, multi-vehicle, Steer into Savings, and air bags.
• Progressive may offer discounts for multi-policy, multi-vehicle, continuous coverage, homeowner, online signing, and good student.
• Travelers policyholders can earn discounts including good student, multi-car, multi-policy, driver training, continuous insurance, and IntelliDrive.
• Farmers Insurance offers discounts including multi-car, youthful driver, early shopping, teen driver, homeowner, and bundle discounts.
• USAA discounts include safe driver, defensive driver, annual mileage, loyalty savings, and good student.
• Liberty Mutual may include discounts for hybrid vehicle, exclusive group savings, preferred payment discount, newly married, new graduate, and multi-policy.

The information below illustrates the comparison of insurance rates with and without discounts applied to the policy rates. The data is based on a female driver, no tickets, no at-fault accidents, Massachusetts state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with safe-driver, marriage, vehicle safety, anti-theft, homeowner, and passive restraint discounts applied. When these discounts are applied, the the average yearly reduction on car insurance for a company car is 28% or $374.

Cost comparison with and without full coverage

Finding cheap auto insurance for a company car in Massachusetts is important to the majority of people, and a great way to pay lower rates for insurance is to not pay for full coverage. The chart below illustrates the comparison of car insurance rates with liability coverage only compared to full coverage. The data assumes no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.

If all age groups are averaged, full coverage on your policy costs $1,873 per year more than carrying just liability coverage. That is a large expense and it proposes the question when is it safe to stop buying full coverage. There is no definitive guideline for dropping full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

There are a few cases where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not drop full coverage.

Does Geico, Allstate, Progressive, or State Farm have the cheapest car insurance?

If you’re looking for the best auto insurance, probably the best companies to start with are Geico, Allstate, Progressive, and State Farm. When added together, they make up almost half of all car insurance policies written. Each company has a different combination of discounts, features, and options that may steer you one way or another. The table below shows price and claims rank as well as some different options that are available from each company.