Figuring out which companies offer the cheapest auto insurance rates for business use will involve a bit more effort in order to find the best policy. Every insurance provider has a unique formula to determine premium rates, so we need to take a look at the auto insurance companies with the most affordable rates in California.
Lowest Insurance Price Quotes for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Wawanesa | $1,146 |
| 2 | USAA | $1,155 |
| 3 | CSAA | $1,186 |
| 4 | Nationwide | $1,213 |
| 5 | Century National | $1,214 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,447 |
| 8 | Progressive | $1,512 |
| 9 | GEICO | $1,513 |
| 10 | Mercury | $1,533 |
| 11 | Allstate | $1,543 |
| 12 | Allied | $1,588 |
| 13 | The Hartford | $1,623 |
| 14 | MetLife | $1,638 |
| 15 | State Farm | $1,682 |
| 16 | Esurance | $1,705 |
| 17 | Unitrin | $1,750 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,806 |
| 20 | Farmers | $1,966 |
| Quote Your Rates Go | ||
Wawanesa has some of the lowest car insurance rates in Los Angeles at around $1,146 a year. USAA, CSAA, Nationwide, and Century National also are some of the best Los Angeles, CA auto insurance companies.
In the rate table above, if you buy coverage from Nationwide and switched to USAA, you may see an annual premium reduction of roughly $58. Insureds with Century National could save as much as $59 a year, and 21st Century insureds might reduce prices by as much as $170 a year.
To discover how much you can save, click here to begin a quote or click several companies below for low rates.
Be aware that those policy rates are averaged across all types of insureds and vehicles and do not factor in a specific vehicle garaging location for business use. So the car insurance company that can offer you the best price may not even be in the top 24 companies shown above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
The type of vehicle to be insured is probably the largest consideration when quoting low-cost car insurance for business use. Vehicles with average performance, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than higher performance models.
The next list illustrates coverage prices for a number of the cheapest vehicles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $2,158 |
| Ford Escape Limited 2WD | $2,228 |
| Ford F-150 XL Crew Cab 2WD | $2,234 |
| Honda CR-V EX-L 2WD | $2,228 |
| Dodge Grand Caravan CV | $2,238 |
| Ford Edge SE AWD | $2,310 |
| Toyota RAV4 Limited 4WD | $2,355 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $2,399 |
| Toyota Prius | $2,418 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,472 |
| Nissan Altima 2.5 S 4-Dr Sedan | $2,482 |
| Hyundai Sonata GLS 4-Dr Sedan | $2,520 |
| Ford Fusion Sport 4-Dr Sedan | $2,526 |
| Compare Cheap Rates Go | |
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can alter premium rates significantly.
Looking at the rates, you can infer that vehicles like the Honda Accord, Ford Escape, Ford F-150, and Honda CR-V should be the most economical vehicles to insure for using your car for business. Prices will tend to be more expensive anyway just because there is more liability risk for business use, but in general those vehicles will probably have the cheapest rates possible.
Ending up with the best insurance company can be a challenge considering how many companies are available to choose from in Los Angeles. The information shown next could help you select which companies to look at comparing price quotes from. The rankings below include companies that insure vehicles across America, so smaller companies are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Insurance rate increases from tickets or accidents
The best way to snag cheap auto insurance rates in California for using your car for business is to pay attention while driving and not have accidents or get tickets. The illustration below demonstrates how citations and accidents raise auto insurance costs for different categories of driver ages. The premiums assume a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of auto insurance per year with no violations or accidents is $1,882. Factor in two speeding tickets and the average cost increases to $2,667, an increase of $785 each year. Now include one accident along with the two speeding tickets and the annual cost of auto insurance for business use increases to an average of $3,478. That’s an increase of $1,595, or $133 per month, just for not driving responsibly!
Get discount Los Angeles car insurance rates
Auto insurance companies that sell policies for business use may also provide discounts that can lower rates by as much as 40% or more if you meet the requirements. The best auto insurance companies and a selection of discounts are included below.
- Esurance policyholders can earn discounts including paid-in-full, good student, Switch & Save, online shopper, defensive driver, and anti-theft.
- The Hartford may have discounts that include driver training, good student, defensive driver, anti-theft, and air bag.
- AAA offers premium reductions for pay-in-full, anti-theft, education and occupation, multi-car, good student, multi-policy, and good driver.
- GEICO may offer discounts for multi-vehicle, multi-policy, five-year accident-free, driver training, and defensive driver.
- State Farm offers discounts for accident-free, Steer Clear safe driver discount, driver’s education, defensive driving training, and safe vehicle.
The diagram below illustrates the comparison of insurance costs with and without discounts applied. The premiums assume a male driver, no claims or driving citations, California state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, anti-theft, safe-driver, accident-free, defensive driving course, and marriage discounts applied. When discounts are applied, theaverage yearly reduction on auto insurance for business use is 28% or $640.
How to find the cheapest auto insurance for business use
Below you’ll find some of the recommended penny-pinching suggestions that can help California drivers get cheaper auto insurance.
- Maintain a clean driving record
- Avoid having at-fault accidents
- Clean up your credit rating
- Increase your comprehensive and collision deductibles
- Buy safe vehicles
- Shop your coverage around for the best deal
That last piece of advice is particularly important, as we pointed out in this article. Insurance rates in Los Angeles adjust frequently, so don’t be unwilling to change insurance companies if you can find a cheaper rate. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that dedication is costing big bucks every year. Spend a few minutes and compare rates and find cheaper car insurance for business use.
If you aren’t sure which coverage you need and prefer to get some guidance when comparing insurance rates for using your car for business, the insurance agencies listed below are a good start to help you make a decision which coverages and limits you need.
To locate an agency nearest to you, click the link after the list or click here to compare rates now.
Yvonne Solis – State Farm Insurance Agent
1375 Sunset Blvd – Los Angeles, CA 90026 – (213) 202-2800
State Farm: Pogos Ichmelyan
750 Colorado Blvd – Los Angeles, CA 90041 – (323) 257-1107
Sean Cheng State Farm Insurance Agency
767 N Hill St,109 – Los Angeles, CA 90012 – (213) 621-2526