The words “cheap” and “auto insurance” really shouldn’t be used together, in particular when you are shopping around for the cheapest car insurance for business use. In an attempt to save some money, let’s go over a few of the things that can significantly affect car insurance prices, and figure out some ideas to reduce the price of your next policy.
Deciphering which company offers the best car insurance rates for business use requires a little more work than just getting one or two price quotes.
Every insurance provider uses their own method for determining prices, so let’s take a look at the car insurance companies that tend to have lower prices in Arizona.
Find Cheaper Car Insurance for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Auto-Owners | $915 |
| 3 | Safeco | $932 |
| 4 | Travelers | $1,075 |
| 5 | USAA | $1,091 |
| 6 | Progressive | $1,118 |
| 7 | GEICO | $1,166 |
| 8 | CSAA | $1,177 |
| 9 | Ameriprise Group | $1,220 |
| 10 | Allied | $1,233 |
| 11 | Farm Bureau Mutual | $1,247 |
| 12 | Safe Auto | $1,323 |
| 13 | Unitrin | $1,357 |
| 14 | State Farm | $1,377 |
| 15 | Farmers | $1,391 |
| 16 | Amica | $1,443 |
| 17 | Titan | $1,461 |
| 18 | American Family | $1,478 |
| 19 | MetLife | $1,567 |
| 20 | California Casualty | $1,568 |
| Compare Rates Now Go | ||
The Hartford has some of the best car insurance rates in Scottsdale at around $820 a year. This is $608 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also rank well as some of the more affordable Scottsdale, AZ auto insurance companies.
As shown in the rates above, if you currently have a policy with Auto-Owners and switched to The Hartford, you could earn an annual savings of about $95. Customers with Safeco may save as much as $112 a year, and Travelers policyholders might lower prices by up to $255 a year.
It’s important to note that these premium estimates are averages across all drivers and vehicles and and are not figured with a vehicle location for business use. So the insurer that fits you best may not even be in the top 28 companies in the list above. That points out the importance of why you need to get rate quotes using your own driver data and vehicle information.
The make and model of vehicle you are buying coverage for is a large factor when trying to find affordable coverage for business use. Vehicles with higher performance, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models.
The next table shows car insurance prices for a number of the cheaper vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Explorer XLT AWD | $1,643 |
| Ford F-150 XLT Crew Cab 2WD | $1,651 |
| Ford Escape XLT 4WD | $1,646 |
| Honda CR-V EX-L 2WD | $1,701 |
| Toyota Tacoma Double Cab 4WD | $1,736 |
| Toyota RAV4 Sport 4WD | $1,744 |
| Honda Odyssey LX | $1,824 |
| Toyota Prius | $1,835 |
| Chevrolet Malibu LTZ | $1,865 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,873 |
| GMC Sierra SLT Crew Cab 2WD | $1,865 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,870 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,897 |
| Jeep Grand Cherokee Laredo 2WD | $1,903 |
| Ford Focus SE 2-Dr Coupe | $1,955 |
| Nissan Rogue SL AWD | $1,963 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,957 |
| Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD | $1,990 |
| Dodge Grand Caravan SXT | $2,001 |
| Toyota Corolla LE | $2,007 |
| Hyundai Elantra SE 4-Dr Sedan | $2,012 |
| Chevrolet Impala LTZ | $2,007 |
| Ford Edge Sport AWD | $2,013 |
| Find Cheaper Rates Go | |
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate quotes do not factor in specific garaging location which can decrease or increase coverage rates substantially.
By looking at the data, cars like the Ford Explorer, Ford F-150, and Ford Escape are most likely to be a few of the more affordable vehicles to insure for using your car for business. Auto insurance rates will be more costly because there is more claim risk for business use, but generally speaking those models will tend to have the cheapest rates available.
Discounts on Scottsdale insurance
Insurance providers that provide coverage for business use may additionally offer special discounts that can reduce rates by as much as 35% if you are eligible for them. A few popular companies and some of their more popular discounts are detailed below.
- State Farm offers discounts including Drive Safe & Save, accident-free, passive restraint, Steer Clear safe driver discount, and safe vehicle.
- GEICO may offer discounts for five-year accident-free, good student, multi-vehicle, federal employee, air bags, and defensive driver.
- SAFECO offers premium reductions for teen safe driver, teen safety rewards, bundle discounts, safe driver, anti-theft, and anti-lock brakes.
- Farmers Insurance may have discounts that include alternative fuel, multi-car, teen driver, mature driver, switch companies, homeowner, and early shopping.
- AAA has savings for anti-theft, good driver, pay-in-full, multi-policy, education and occupation, AAA membership discount, and multi-car.
- USAA policyholders can earn discounts including driver training, vehicle storage, multi-policy, family discount, loyalty savings, and defensive driver.
The chart below shows the difference between yearly insurance costs with and without discounts applied to the policy premium. The information is based on a female driver, no accidents, no driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, accident-free, multiple policy, marriage, claim-free, and defensive driving course discounts applied. When discounts are applied, the average savings per year on car insurance for business use is 27% or $449.
The illustration below demonstrates how deductible levels can impact insurance rates when getting quotes for cheap insurance for business use. The data is based on a single female driver, comp and collision included, and no discounts are applied.
The data above shows that a 50-year-old driver could pocket $322 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $484 by selecting a $1,000 deductible. Young drivers, like the 20-year-old category, could roll back prices as much as $824 annually just by choosing larger deductibles. When increasing deductibles, it is a good idea to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Ending up with a highly-rated car insurance company can be difficult considering how many companies provide coverage in Arizona. The company information shown below can help you analyze which car insurance companies you want to consider when trying to find the cheapest insurance for business use.
These rankings are only made up of companies that insure vehicles nationwide, so companies with more of a regional focus are not taken into consideration for this list. If you wish to compare prices from the insurers below and more, simply click here.
Top 10 Large Car Insurance Companies in Scottsdale Ranked by Customer Service
- State Farm
- GEICO
- The Hartford
- Mercury Insurance
- Progressive
- The General
- Allstate
- AAA Insurance
- American Family
- Nationwide
If you aren’t sure which coverage you need and prefer to get some professional advice when trying to find lower insurance rates for business use, the agencies below can help you make a decision which is the best policy. To find an auto insurance agency by location nearest to you, click the button at the bottom of the list.
- Steve Fair – State Farm Insurance Agent
33717 N Scottsdale Rd #101 – Scottsdale, AZ 85266 – (480) 563-2710 - Arizona Insurance Services
7950 E Acoma Dr # 205 – Scottsdale, AZ 85260 – (480) 778-9700 - Jordan Bowden – State Farm Insurance Agent
10135 E Vía Linda D127 – Scottsdale, AZ 85258 – (480) 634-6315 - Pinnacle Ins Agency Inc.
8700 E Vista Bonita Dr – Scottsdale, AZ 85255 – (480) 513-3131 - Allstate Insurance: Schubert Insurance and Financial Svcs
20731 N Scottsdale Rd – Scottsdale, AZ 85255 – (480) 515-6259