The words "low-cost" and "insurance" probably shouldn't be used together, specifically when looking for the best insurance rates for a company car. To save some money, let's learn about some of the things that impact auto insurance premiums, and figure out some ways to reduce the price of the next policy you buy.
For your employer's vehicle, one of the big things that are used to help calculate the amount you pay for auto insurance is your zip code. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The following table ranks the most costly cities in California for a company car to buy an auto insurance policy in. Santa Ana comes in at #15 with a yearly premium of $1,497 for the average insurance policy, which is around $125 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Glendale | $2,121 |
| 2 | Los Angeles | $2,104 |
| 3 | San Francisco | $1,745 |
| 4 | Oakland | $1,738 |
| 5 | Sacramento | $1,720 |
| 6 | San Bernardino | $1,596 |
| 7 | Santa Clarita | $1,595 |
| 8 | Stockton | $1,588 |
| 9 | Long Beach | $1,578 |
| 10 | Fontana | $1,566 |
| 11 | Moreno Valley | $1,551 |
| 12 | Modesto | $1,532 |
| 13 | Riverside | $1,527 |
| 14 | Garden Grove | $1,508 |
| 15 | Santa Ana | $1,497 |
| 16 | Fresno | $1,472 |
| 17 | Anaheim | $1,444 |
| 18 | Huntington Beach | $1,402 |
| 19 | San Jose | $1,395 |
| 20 | San Diego | $1,381 |
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Table data uses estimated as the specific geographic location can affect auto insurance rates substantially.
The vehicle requiring insurance is a significant factor in finding the most affordable car insurance for a company car. Vehicles with economical engines, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models.
The information below estimates car insurance premiums for a selection of the most cost-effective vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $983 |
| Honda CR-V EX-L 2WD | $1,005 |
| Ford Escape Limited 2WD | $1,013 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,077 |
| Toyota Prius | $1,093 |
| Ford Edge SEL 2WD | $1,142 |
| Dodge Grand Caravan Hero | $1,164 |
| Ford Explorer Eddie Bauer 4WD | $1,186 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,204 |
| Honda Odyssey LX | $1,222 |
| Nissan Rogue S AWD | $1,247 |
| Jeep Grand Cherokee Limited 4WD | $1,249 |
| Ford Fusion SEL 4-Dr Sedan | $1,257 |
| Toyota RAV4 Sport 2WD | $1,274 |
| Chevrolet Impala LS | $1,283 |
| Ford Focus S 4-Dr Sedan | $1,289 |
| Ford F-150 Lariat Crew Cab 2WD | $1,300 |
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Data rating is based on single male driver age 40, 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. Rates do not factor in vehicle garaging location which can decrease or increase prices significantly.
Looking at the numbers, we can presume that models like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be the most budget-friendly vehicles to insure for your employer's vehicle.
Finding reliable, cheap insurance is challenging, and finding out which companies quote the best insurance rates for a company car takes even more shopping around.
Every insurance provider uses their own formula for establishing rates, so let's rank the overall cheapest insurance companies in Santa Ana, CA. It's important that you understand California insurance rates are impacted by many factors which can substantially change the cost of your policy. This price fluctuation is why it is crucial to take the time to shop around when trying to get the best insurance quotes for a company car. Insurance rates consist of many different factors and change frequently, so the cheapest company when you last compared rates may now be an over-priced policy.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,181 |
| 3 | Century National | $1,226 |
| 4 | CSAA | $1,234 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,477 |
| 8 | Progressive | $1,496 |
| 9 | Allstate | $1,513 |
| 10 | Mercury | $1,533 |
| 11 | Allied | $1,556 |
| 12 | GEICO | $1,575 |
| 13 | The Hartford | $1,575 |
| 14 | MetLife | $1,638 |
| 15 | Esurance | $1,705 |
| 16 | Unitrin | $1,733 |
| 17 | State Farm | $1,733 |
| 18 | Travelers | $1,788 |
| 19 | Bristol West | $1,795 |
| 20 | Farmers | $1,946 |
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USAA offers some of the most affordable car insurance rates in Santa Ana at around $1,121 a year. Wawanesa, Century National, CSAA, and Nationwide also make the cut as some of the best 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 realize savings of in the vicinity of $105. Policyholders with CSAA could save as much as $113 a year, and Nationwide policyholders might cut rates by $129 a year.
To see if you're overpaying, click here to get quotes or feel free to get quotes from the companies below.
Understand that those premium estimates are averages across all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for a company car. So the auto insurance company that can offer you the best price may not even be in the list above. That's why you need to get rate quotes from many companies using your own driver and vehicle profiles.
Types of discounts on Santa Ana insurance
Car insurance companies that offer coverage for a company car could also offer policy discounts that may potentially lower prices by 35% or more if you meet eligibility requirements. Large insurance companies and a partial list of their discounts include:
- State Farm may offer discounts for student away at school, good driver, accident-free, multiple policy, safe vehicle, and passive restraint.
- Esurance includes discounts for claim free, DriveSense, homeowner, online shopper, renters, good driver, and paid-in-full.
- Progressive may have discounts that include online signing, online quote discount, homeowner, continuous coverage, and multi-vehicle.
- Liberty Mutual has savings for multi-car, teen driver discount, safety features, hybrid vehicle, newly retired, new move discount, and new vehicle discount.
- Auto-Owners Insurance offers discounts including safe vehicle, mature driver, anti-lock brakes, multi-policy, and student away at school.
- GEICO may include discounts for air bags, five-year accident-free, seat belt use, multi-policy, military active duty, multi-vehicle, and defensive driver.
The information below illustrates the difference between auto insurance rates with and without discounts being applied to the rates. The information is based on a male driver, no violations or claims, California state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, defensive driving course, marriage, safe-driver, vehicle safety, and multiple policy discounts applied. In this example, the average amount saved each year on insurance for a company car is 28% or $576.
Insuring your vehicle with the highest-rated auto insurance provider can be difficult considering how many different companies there are to choose from in Santa Ana. The ranking data in the next section may help you decide which coverage providers to look at when shopping your coverage around. The ratings below include companies that insure vehicles nationwide, so smaller regional companies will not be included in 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 |
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Data Source: Insure.com Best Car Insurance Companies
What aren't you shopping around?
California insurance rates are impacted by many factors which can substantially decrease or increase the policy price. Improving your credit rating, having a claim, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being affordable when they were higher priced.
Not only may your risk profile change, but insurance companies change premium rates as needed as an adjustment for underwriting gains or losses. Significantly higher claims may cause rate hikes, while a better claims history can cause cheaper Santa Ana car insurance rates.
To help illustrate this point, the data below analyzes the cheapest car insurance in Santa Ana, CA for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. If we estimate rates based on her current rating profile, USAA has the cheapest car insurance rates in Santa Ana at $1,290 per year. This is $361 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also on the list of the most affordable Santa Ana, CA auto insurance companies.
Now we will give the driver in the first chart a chargeable accident, a lower credit rating, and a few traffic violations. Since each auto insurer has a unique approach for determining prices, comparing quotes may now present a slightly different list of companies as shown below.
Grange now has the best price on car insurance in Santa Ana, CA with Mercury, Progressive, GEICO, and Allstate also being competitive. This example demonstrates why California drivers need to take the time to shop around to find the most affordable insurance quotes for a company car. Car insurance prices are influenced by many different factors and can change substantially, so the cheapest rate the last time you shopped your coverage around may now be one of the higher cost companies.
How to find more affordable car insurance for a company car
Here are some of the better penny-pinching ideas that can help Santa Ana drivers buy lower-cost car insurance.
- Avoid price increases by not filing claims
- Safer vehicles generally have cheaper insurance rates
- Avoid speeding and other traffic citations and pay less
- Save money by bundling your home and auto policies
- At-fault accidents will increase rates
- Compare rates regularly and switch companies to save money
The last suggestion is notably necessary, as we discussed in this piece. Prices can be changed at any time, so don't be tentative to switch carriers if you find a cheaper price. Having brand loyalty is commendable, but we do not recommend it if that loyalty results in overpaying thousands of dollars over the life of your policy. Spend a few minutes and shop around to find cheaper insurance for a company car in Santa Ana.