The vehicle needing coverage is probably the largest consideration when shopping around for the cheapest coverage for business use. Vehicles with lower performance, good safety features, or a low likelihood of liability claims will cost less to insure than higher performance models. The next list showcases car insurance costs for a selection of the most economical automobiles to insure in Arizona.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,386 |
| Ford Escape XLT 2WD | $1,550 |
| Honda Odyssey EX W/Rear Entertainment | $1,571 |
| Ford Focus S 4-Dr Sedan | $1,578 |
| Chevrolet Impala LT | $1,603 |
| Toyota RAV4 Limited 4WD | $1,608 |
| Ford F-150 SVT Raptor Super Cab 4WD | $1,632 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,639 |
| Toyota Corolla S | $1,688 |
| Nissan Rogue S AWD | $1,719 |
| Ford Explorer XLT 4WD | $1,740 |
| Dodge Grand Caravan SE | $1,750 |
| Dodge Ram Crew Cab ST 2WD | $1,748 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,755 |
| Ford Edge SE AWD | $1,801 |
| Toyota Camry Hybrid | $1,833 |
| Kia Optima EX | $1,841 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price information does not factor in the specific area where the vehicle is garaged which can increase or decrease rates noticeably.
Based upon the rates shown, you can see that vehicles like the Honda CR-V, Ford Escape, and Honda Odyssey are most likely to be the most affordable vehicles to insure for using your car for business. Car insurance rates will tend to be higher because there is a higher risk for business use, but generally speaking those specific models will most likely have the best insurance prices that you are likely to find.
Figuring out which company quotes the best car insurance rates for business use may require a tad more effort in order to find the most economical policy. Every insurance company uses a different method for setting prices, so we’ll take a look at the car insurance companies with the overall cheapest rates in Mesa, AZ.
It’s important that you understand Mesa, AZ car insurance rates are influenced by many factors that control the price of coverage. Simply having a birthday, buying higher coverage limits, or having an accident may cause policy rate changes that may make certain companies much cheaper than others.
Cheap Insurance Rates for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $896 |
| 3 | Auto-Owners | $924 |
| 4 | Progressive | $1,118 |
| 5 | Travelers | $1,119 |
| 6 | USAA | $1,124 |
| 7 | GEICO | $1,142 |
| 8 | CSAA | $1,177 |
| 9 | Ameriprise Group | $1,184 |
| 10 | Allied | $1,209 |
| 11 | Farm Bureau Mutual | $1,297 |
| 12 | Safe Auto | $1,297 |
| 13 | State Farm | $1,337 |
| 14 | Unitrin | $1,343 |
| 15 | Farmers | $1,391 |
| 16 | Titan | $1,433 |
| 17 | American Family | $1,478 |
| 18 | Amica | $1,487 |
| 19 | MetLife | $1,505 |
| 20 | California Casualty | $1,568 |
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The Hartford quotes some of the most affordable car insurance rates in Mesa at around $820 a year. This is $608 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Progressive, and Travelers would also be considered some of the cheapest Mesa, AZ insurance companies.
As shown in the rates above, if you currently buy coverage from Safeco and switched to The Hartford, you could earn an annual savings of in the vicinity of $76. Arizona drivers with Auto-Owners could save as much as $104 a year, and Progressive customers might see rate reductions of $298 a year.
To see if your current coverage is too expensive, click here to begin a quote or click through to the companies below.
Understand that those policy rates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location for business use. So the auto insurance company that can offer you the best rate may not even be in the list above. That is why you need to get rate quotes using your own personalized driver profile and vehicle information.
For using your car for business, one of the more important things that determine car insurance rates is where you keep your vehicle in Mesa. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The illustration below shows the most expensive areas in Arizona for business use to purchase car insurance in. Mesa ranks #6 having an annual price of $1,147 for the average insurance policy, which is about $96 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Phoenix | $1,218 |
| 2 | San Tan Valley | $1,196 |
| 3 | Avondale | $1,186 |
| 4 | Glendale | $1,178 |
| 5 | Buckeye | $1,156 |
| 6 | Mesa | $1,147 |
| 7 | Tempe | $1,140 |
| 8 | Peoria | $1,126 |
| 9 | Gilbert | $1,120 |
| 10 | Scottsdale | $1,117 |
| 11 | Chandler | $1,115 |
| 12 | Maricopa | $1,107 |
| 13 | Goodyear | $1,098 |
| 14 | Casa Grande | $1,089 |
| 15 | Catalina Foothills | $1,082 |
| 16 | Tucson | $1,072 |
| 17 | Surprise | $1,048 |
| 18 | Casas Adobes | $1,040 |
| 19 | Oro Valley | $1,031 |
| 20 | Yuma | $954 |
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Rate quotes are estimated as specific Mesa garaging address can modify premium rates significantly.
The chart below highlights how deductible choice can change insurance costs when trying to find cheap insurance for business use. The data is based on a single male driver, comp and collision included, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $342 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $518 by changing to a $1,000 deductible. Young drivers, like the age 20 example, could shave as much as $1,138 annually by using a higher deductible. If you do decide to increase your deductibles, it is essential to have enough funds in savings to be able to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to get discounts on Mesa car insurance
Insurers that provide policies for business use may also offer premium discounts that could potentially reduce rates by as much as 30% if you can meet the requirements. A few of the larger companies and some of the premium reductions they offer include:
- GEICO may have discounts that include air bags, daytime running lights, multi-vehicle, anti-theft, and seat belt use.
- Travelers offers discounts for good student, early quote, multi-policy, home ownership, multi-car, student away at school, and save driver.
- Farm Bureau offers discounts including safe driver, multi-vehicle, driver training, renewal discount, 55 and retired, multi-policy, and good student.
- Liberty Mutual has savings for newly retired, new vehicle discount, safety features, exclusive group savings, preferred payment discount, newly married, and teen driver discount.
- American Family may offer discounts for air bags, Steer into Savings, defensive driver, multi-vehicle, and early bird.
- Progressive policyholders can earn discounts including multi-policy, multi-vehicle, online signing, good student, and continuous coverage.
The illustration below visualizes the comparison of insurance rates with and without some available policy discounts. The premiums are based on a male driver, no claims, a clean driving record, Arizona state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with safe-driver, claim-free, marriage, homeowner, multiple vehicle, and anti-theft discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for business use is 28% or $436.
Cost difference between full coverage and liability
Saving on car insurance is the goal of the majority of people, and one of the easiest ways to find cheaper insurance for business use is to not buy full coverage. The illustration below compares car insurance costs when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.
On average, physical damage coverage costs $1,417 per year more than just buying liability only. A very common question is when is the right time to remove full coverage. There isn’t a written rule for phasing out comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
Last year’s bargain might be this year’s rip off
Mesa, AZ car insurance rates are impacted by many factors which can substantially change your annual premium. Simply improving your credit, getting married, or having a fender bender may generate price changes that can cause some rates to be affordable when they were higher priced.
Not only may your situation change, but auto insurance companies file new rates multiple times each year in order to remain profitable. Higher than usual claims can result in higher priced premiums, while a better loss history can cause lower-cost Mesa car insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Mesa, AZ for a 40-year-old male driver with no prior claims, no tickets, and great credit. If we look at prices based on his current risk profile, The Hartford might offer the lowest car insurance rates in Mesa at $1,115 per year. This is $313 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Progressive are the rest of the top five cheapest Mesa, AZ auto insurance companies.
The example below compares rates after we give the driver from the above example a chargeable claim, slightly worse credit, and a speeding citation. Since each auto insurance company has a different formula to establish rates, comparing insurance quotes could result in a significantly different list of the cheapest car insurance companies in Mesa as shown below.
Ameriprise Group now has the lowest price in Mesa, AZ with GEICO, Safeco, CSAA, and Allied also being competitive. This shows why drivers need to shop around to find cheap auto insurance rates for business use. Prices are made up of many risk factors and can change without notice, so the best company six months ago may now not even be in the top five.