Best Cheap Car Insurance Quotes for Business Use in Missouri

For using your car for business, one of the largest factors that car insurance companies use to determine the cost of insurance is your zip code in Missouri. Cities with larger populations or higher claims like Saint Louis, Florissant, and Mehlville tend to have higher rates, whereas areas with less congestion generally have lower rates.

The following table displays the most expensive cities in Missouri for business use to buy an auto insurance policy in.

Information shown are comparative as the vehicle garaging location can influence coverage prices substantially.

The type of vehicle driven is one of the primary factors when looking for the best cheap car insurance for business use in Missouri. Vehicles with lower performance, advanced safety features, or a positive history of liability claims will cost substantially less to insure than high performance models.

The information below showcases car insurance premiums for a handful of the most budget-friendly automobiles to buy insurance for.

Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in specific location information which can modify premium rates significantly.

Looking at the numbers, cars like the Honda CR-V, Volkswagen Jetta, Hyundai Tucson, Toyota Prius, and Hyundai Elantra are most likely going to be some of the cheapest vehicles to insure for using your car for business. Prices will be more expensive just because there is more exposure for business use, but in general those vehicles will probably have the best insurance prices compared to other types of vehicles.

Finding good, cheap insurance is not easy, and finding out which company offers the cheapest insurance rates for business use will require even more perseverance. Policy rates could be moderately more than the average rate in Missouri, with the higher price attributed to the additional risk related to selling insurance for using your car for business, but economical insurance may be available if you compare enough rates. Each auto insurer uses a slightly different approach for determining rates, so to begin we’ll rank the insurance companies with the most affordable rates in Missouri.

Keep in mind that Missouri insurance rates are impacted by many factors that will increase or decrease the policy premium. That is why it is important to compare lots of rates when trying to get affordable car insurance rates for business use. Car insurance prices are determined by many different factors and can increase or decrease at any time, so the best price two years ago may now not even be in the top five.

Cheap Insurance Rates for Business Use

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USAA offers some of the cheapest car insurance rates in Missouri at around $648 annually. The Hartford, Electric, Allied, and MO Farm Bureau would also make the list of some of the lowest-priced Missouri auto insurance companies.

In the rate table above, if you are currently insured with Allied and switched to USAA, you might achieve annual savings of upwards of $219. Missouri drivers with MO Farm Bureau could save as much as $373 a year, and Auto-Owners insureds might lower prices by up to $389 a year.

Be aware that those estimates are averages across all ages of drivers and types of vehicles and are not factoring in a price increase for business use. So the car insurance company that fits your situation best may not even be included in the rate chart shown above. That point stresses why you need to get car insurance quotes using your own specific driver information and vehicle.

Insurance company ratings

Insuring your vehicle with the best auto insurance company can be rather challenging considering how many choices you have in Missouri. The company ratings shown next may help you analyze which insurers you want to consider when comparing auto insurance rates for business use. These ratings include companies with a national presence, so companies that only write business in Missouri or surrounding areas are not taken into consideration for these rankings.

Drive safe and save

The best way to get affordable insurance premiums in Missouri for using your car for business is to be a safe driver and avoid accidents and violations. The example below highlights how traffic violations and at-fault fender-benders influence car insurance costs for different insured age categories. The data is based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.

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In the example above, the average cost of auto insurance in Missouri per year with no accidents and a clean driving record is $1,781. Get two speeding tickets and the average cost swells to $2,388, an increase of $607 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of insurance for business use jumps again to an average of $3,010. That’s an increase of $1,230, or $102 per month, just for a couple of infractions!

Allstate, State Farm, Progressive, or Geico: Which is best?

When researching car insurance, probably the best companies to start with are Allstate, State Farm, Progressive, and Geico. When combined, they insure 48.5% of all policies written. All offer liability and physical damage insurance, but each one has different optional coverages and features that may affect your buying decision. The table below compares ratings for price, service, and claims, in additional to some of the optional coverages that you can purchase from each one.

Who has the cheapest insurance quotes for using your car for business?

Thanks to technology, there are a lot of ways to find cheap insurance in Missouri, but the three most common methods are using an exclusive insurance agency such as Allstate or State Farm, an independent or non-exclusive agent, or direct online or over the phone from a company like Geico or Progressive.

They all have the same end result, but it’s important to point out the distinctions in how they give price quotes.

Independent insurance agents have contracts with multiple insurance companies and can get policy pricing from every one. They are not employed by one specific company and can provide you with more rate quotes, which may give you improved chances of finding a lower rate. If you want to switch companies, the agent simply finds a different carrier without having to get a different agent.

A captive, or exclusive, agent is usually just provide rates from one company, for example an Auto-Owners or Allstate agent. This type of agents cannot quote prices from more than just one company, so if rates are high, they cannot give you alternative choices.

The final way is buying direct, which means you skip an agent and instead shop direct either online or via phone. This option may be a decent choice people who have little risk and have some degree of understanding of the exclusions of a policy.

Out of those three methods, which one works best for finding the best cheap car insurance for business use in Missouri? Our initial answer would be buying direct saves the most money since that eliminates agent commissions, but that turns out to not be true. A good argument could also be made that an independent agent is the best way to save since they have access to many companies, but that assumption is also not accurate. In many cases, the exclusive agents have extremely competitive rates that are impossible to beat.

Due to the large number of rating factors, the one way to get rock-bottom rates is to do a thorough rate comparison. The ideal approach is to get prices from all three to give yourself the best selection. For a list of insurance companies with low rates, click here to view.