The car, truck, or SUV you are insuring is one of the biggest factors when shopping around for low-cost insurance for business use. Vehicles with lots of horsepower, poor safety ratings, or a track record of large liability claims will cost more to insure than more economical and safe models.
The next list features car insurance prices for a number of the most affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 4WD||$1,114|
|Dodge Grand Caravan CV||$1,151|
|Honda CR-V EX-L 4WD||$1,190|
|Jeep Grand Cherokee Laredo 4WD||$1,217|
|Toyota RAV4 Limited 2WD||$1,224|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,233|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,240|
|Ford Explorer XLT 4WD||$1,258|
|Honda Odyssey EX-L W/Rear Entertainment||$1,283|
|Ford Edge Sport 2WD||$1,289|
|Toyota Camry SE||$1,283|
|Nissan Rogue S AWD||$1,302|
|Hyundai Sonata GLS 4-Dr Sedan||$1,308|
|Chevrolet Equinox LTZ AWD||$1,306|
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Prices do not factor in garaging location in Santa Ana, CA which can revise prices substantially.
Looking at the data, you can expect cars like the Ford Escape, Toyota Prius, Dodge Grand Caravan, and Honda CR-V are most likely going to be the most economical vehicles to insure for using your car for business. The price for an auto insurance policy will be more costly just due to the fact that there is more claim exposure for business use, but in general those specific models will probably have the least expensive rates compared to other types of vehicles.
Establishing which company has the most affordable auto insurance rates for business use will take a bit more effort than just picking a company at random. Every insurance company has a proprietary method for setting prices, so let's take a look at the most affordable auto insurance companies in Santa Ana, CA.
It's a good idea to know that Santa Ana, CA auto insurance rates are impacted by many factors which can substantially change the policy price. Getting older, moving to a new city, or getting a ticket for careless driving may generate price changes that can now make some companies cheaper than competitors.
Find the Best Cheap Insurance for Business Use
|Rank||Company||Cost Per Year|
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USAA quotes some of the cheapest car insurance rates in Santa Ana at around $1,155 each year. Wawanesa, CSAA, Century National, and Nationwide also make the cut as some of the cheaper Santa Ana, CA car insurance companies.
As shown in the table above, if you currently have coverage with Century National and switched to USAA, you may see an annual premium reduction of in the vicinity of $35. Customers with Nationwide might save as much as $108 a year, and 21st Century policyholders might reduce rates by $170 a year.
Be aware that those policy prices are averaged for all drivers and vehicles and do not factor in a specific vehicle garaging location for business use. So the insurer that has the cheapest price for you may not even be in the top 24 companies in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
One of the many considerations that aid in calculating the price you pay for insurance is where you keep your car in Santa Ana. More populated areas tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.
The information below shows the highest-priced areas in California for business use to buy car insurance in. Santa Ana makes the list at #17 with an annual rate of $1,439 for the average insurance policy, which is approximately $120 per month.
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Rates are estimated as vehicle location can affect coverage rates greatly.
The illustration below illustrates how your choice of deductibles can raise or lower yearly insurance costs when searching for cheap insurance for business use. The data is based on a single female driver, comp and collision included, and no discounts are factored in.
As shown above, a 30-year-old driver could lower their car insurance rates by $544 a year by switching from a $100 deductible up to a $500 deductible, or save $816 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, have the ability to save up to $1,216 or even more just by choosing higher deductibles when buying full coverage.
When raising deductibles, it will be necessary to have enough savings set aside to be able to cover the extra out-of-pocket expense that comes with higher deductibles.
Discount Santa Ana car insurance
Insurers that sell policies for business use may also provide rate discounts that may potentially lower prices by as much as 30% if you meet eligibility requirements. Companies and a selection of discounts include:
- Farm Bureau has discounts for 55 and retired, renewal discount, good student, youthful driver, multi-vehicle, and safe driver.
- MetLife offers discounts for claim-free, accident-free, defensive driver, good driver, good student, multi-policy
- Progressive offers discounts including continuous coverage, homeowner, online signing, online quote discount, and good student.
- AAA discounts include multi-policy, good driver, AAA membership discount, good student, anti-theft, pay-in-full, and multi-car.
- American Family may offer discounts for multi-vehicle, accident-free, bundled insurance, good driver, and defensive driver.
- GEICO includes discounts for defensive driver, membership and employees, air bags, federal employee, and daytime running lights.
- State Farm has savings for defensive driving training, Steer Clear safe driver discount, multiple autos, anti-theft, good student, good driver, and multiple policy.
The example below compares insurance costs with and without discounts applied to the rates. The data assumes a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple policy, claim-free, anti-theft, vehicle safety, homeowner, and accident-free discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for business use is 28% or $661.
Impact of speeding/accidents on auto insurance rates
The common sense way to find cheap auto insurance premiums in Santa Ana for using your car for business is to be a safe driver and not get tickets or have accidents. The information below highlights how speeding tickets and accidents influence premium costs for each different age group. The costs are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
In the previous example, the average cost of car insurance in California per year with no accidents and a clean driving record is $2,161. Get written up for two speeding tickets and the average cost surges to $2,898, an increase of $737 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for business use goes up to an average of $3,639. That's an increase of $1,478, or $123 per month, just for a couple of infractions!
Shop around and save
California auto insurance rates are based on many factors that may substantially change the policy price. Simply improving your credit, buying another vehicle, or having an at-fault accident can trigger changes in premium that may make certain companies cheaper than competitors.
Additionally, insurers change rates as often as every three months in order to offset underwriting gains or losses. Heavier than normal losses may result in price increases, while profitable underwriting may produce cheaper Santa Ana car insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Santa Ana, CA for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. When comparing rates based on her current risk profile, USAA might offer the most affordable car insurance rates in Santa Ana at $1,267 each year. This is $384 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National also make the list of the best Santa Ana, CA auto insurance companies.
Now we will pretend the driver from the first set of rates an at-fault accident, a lower credit rating, and a traffic citation. Since each auto insurance company has their own process for filing rates in each state, analyzing rates may now show a new list of the cheapest Santa Ana car insurance companies as shown below.
Grange now has the cheapest auto insurance in Santa Ana, CA with Mercury, GEICO, Allied, and Progressive also being competitive. This example demonstrates why Santa Ana drivers need to shop around to get the lowest auto insurance quotes for business use. Insurance prices are made up of many risk factors and change frequently, so the most affordable company the last time you checked may now be quite expensive.