Cheapest Auto Insurance for a Company Car in Virginia

The vehicle you are seeking coverage for is one of the largest considerations that determines whether or not you can buy the cheapest car insurance for a company car in Virginia. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models.

The information below showcases auto insurance rates for a number of the most cost-effective automobiles to buy insurance for.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Prices do not factor in zip code location which can impact premium rates greatly.

Looking at the rates, we can conclude that makes and models like the Ford Escape, Hyundai Tucson, Honda Odyssey, and Chevrolet Traverse are a few of the cheaper vehicles to insure for your employer’s vehicle.

Determining which company has the most affordable auto insurance rates for a company car will require a little more effort than just quoting one company’s rates. Every auto insurer has their own unique process to determine rates, so let’s take a look at the lowest cost auto insurance companies in Virginia.

We do need to point out that Virginia auto insurance rates are calculated based on many things which can substantially change the price of your policy. Turning one year older, increasing deductibles, or getting into an accident can trigger rate changes resulting in some companies being much cheaper than others.

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Travelers quotes some of the cheapest car insurance rates in Virginia at around $673 annually. USAA, Penn National, Cincinnati Insurance, and Auto-Owners also make the cut as some of the cheaper Virginia insurance companies.

As shown above, if you currently have a policy with Penn National and switched to Travelers, you could earn a yearly savings of in the vicinity of $45. Insureds with Cincinnati Insurance may save as much as $82 a year, and Auto-Owners customers might cut rates by $85 a year.

If you would like to find the cheapest car insurance for a company car in Virginia, click here to start your custom quote or quote rates from the companies below.

These policy prices are averages for all ages of drivers and types of vehicles and and are not figured with a rate decrease for a company car. So the auto insurance company that has the cheapest price for you may not even be in the list of companies shown earlier. That’s why you need to get rate quotes from many companies using your own driver data and vehicle information.

One of the more important considerations that determine rate quotes is where your car is garaged in Virginia. Regions with larger populations or more claims like Alexandria, Dale City, and McLean tend to pay higher rates, whereas areas with less people or fewer weather incidents profit from lower rates.

The table below illustrates the highest-priced areas in Virginia for a company car to purchase car insurance in.

Rates are estimated as the specific zip code location can increase or decrease coverage rates substantially.

Finding a highly-rated car insurance company can be a challenge considering how many companies are available to choose from in Virginia. The ranking data in the next section could help you choose which companies you want to consider when comparing auto insurance rates for a company car.

These ratings are only comprised of companies that insure vehicles nationwide, so companies that have a smaller presence are not taken into consideration for this list. To compare price quotes from these companies and more, click here.

Top 10 Large Auto Insurance Companies Overall in Virginia

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Large Auto Insurance Companies in Virginia Ranked by Customer Satisfaction

1. USAA – 91%
2. Esurance – 90%
3. AAA Insurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. Travelers – 88%

Who is cheaper: Geico, State Farm, Allstate, or Progressive?

If you’re looking for the cheapest car insurance for your employer’s vehicle in Virginia, the first places to look would be Geico, State Farm, Allstate, and Progressive. Between them, they make up nearly half of the entire U.S. car insurance market. The next table illustrates some of the different options that you can purchase from each one.

How to get the cheapest car insurance for a company car in Virginia

The list below details some thrifty suggestions that can help drivers buy the cheapest auto insurance.

• Buy safe vehicles
• Do not get tickets or violations
• Maintain a safe distance and avoid accidents
• Higher deductibles mean lower rates
• Improve your credit rating
• Do not waste money insuring older vehicles for full coverage
• Compare rates once a year for cheaper prices

The final tip is extremely necessary, as was emphasized in this article. Auto insurance prices can change considerably in a year, so don’t hesitate to change insurance companies if a more affordable price is available. Staying with the same car insurance company is fine, but it’s not recommended if that loyalty results in overpaying lots of money. Spend a few minutes and compare rates to find cheaper auto insurance for a company car.

Who has the cheapest insurance quotes for your employer’s vehicle?

Drivers have a lot of different ways to compare auto insurance quotes in Virginia, but the most preferred are through an exclusive agency like Allstate or Liberty Mutual, an independent insurance agent, or direct either online or via phone. They all follow the same basic process, but auto insurance shoppers should know the differences in how they function.

Independent insurance agents work with multiple companies and can get rate quotes from every one. These types of agents do not write with just one company and can quote rates with many companies, which may give you more bang for your buck. If a cheaper rate is found, you can get a different policy and you don’t have to find a new agent.

An exclusive agent is usually just provide rates from a single insurance company, for example an Auto-Owners or State Farm agent. Exclusive agents normally do not have the ability to quote prices from more than a single company, so keep that in mind.

Direct auto insurance buyers do not use an exlusive or independent agent and instead buy direct online or over the phone from a company like Esurance or Progressive. Buying auto insurance direct can be good for drivers who do not have complex finances and understand the limitations of their policy.

So which one of the three ways works best to buy the cheapest car insurance for a company car in Virginia? It would be easy to say shopping direct saves the most money because there is no agent involved, but in reality, that is not the case. It could also be said using an independent agent guarantees the lowest rates since there are more companies to choose from, but again, it’s not a sure thing. And often times, the exclusive agents have extremely competitive rates that are well below what direct and independents offer.

Because there are so many factors that make up auto insurance rates, the guaranteed way to buy the cheapest policy is to compare, compare, and compare some more. The best approach is to get quotes from all three to give yourself enough choices. For a list of companies with online discounts, click here to view.