Establishing which companies quote the cheapest insurance rates for a company car takes a bit more effort than just getting one or two price quotes.
Every car insurance company uses their own method for setting rates, so to begin we’ll rank the most competitive insurance companies in San Francisco.
Best Cheap Insurance Rates in California
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Century National | $1,178 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,222 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,447 |
| 8 | Mercury | $1,503 |
| 9 | Allstate | $1,513 |
| 10 | Allied | $1,541 |
| 11 | Progressive | $1,542 |
| 12 | GEICO | $1,575 |
| 13 | The Hartford | $1,575 |
| 14 | MetLife | $1,590 |
| 15 | State Farm | $1,733 |
| 16 | Unitrin | $1,750 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,842 |
| 20 | Farmers | $1,946 |
| Quote Your Rates Go | ||
USAA normally has some of the best car insurance rates in San Francisco at around $1,121 annually. Century National, Wawanesa, CSAA, and Nationwide would also make the list of some of the more affordable San Francisco, CA auto insurance companies.
As the example above demonstrates, if you have coverage with CSAA and switched to USAA, you could realize savings of approximately $101. Insureds with Nationwide could save as much as $142 a year, and 21st Century customers might reduce rates by $258 a year.
To find out how much you can save, click here to start a quote or visit any of the companies below.
These premiums are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact location for a company car. So the auto insurance company that is best for you may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own individual information.
The vehicle you are seeking coverage for is probably the most important factor that determines whether or not you can buy cheap coverage for a company car. Vehicles with limited top-end speed, good crash test ratings, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models. The information below showcases insurance prices for a selection of the most affordable vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 4WD | $1,576 |
| Ford F-150 XLT Crew Cab 2WD | $1,624 |
| Honda CR-V EX 2WD | $1,643 |
| Toyota Tacoma Double Cab 4WD | $1,717 |
| Toyota RAV4 Limited 4WD | $1,722 |
| Dodge Grand Caravan Hero | $1,717 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,724 |
| Chevrolet Malibu Hybrid | $1,717 |
| Toyota Prius | $1,768 |
| Ford Edge Sport 2WD | $1,812 |
| Toyota Corolla XLE | $1,820 |
| Ford Fusion Sport 4-Dr Sedan | $1,844 |
| Dodge Ram Quad Cab SLT 2WD | $1,874 |
| Chevrolet Impala LT | $1,883 |
| GMC Sierra SLE Regular Cab 2WD | $1,890 |
| Chevrolet Equinox LT AWD | $1,883 |
| Ford Explorer Limited 2WD | $1,921 |
| Ford Focus SES 2-Dr Coupe | $1,937 |
| Jeep Grand Cherokee Laredo 4WD | $1,940 |
| Dodge Ram 2500 Crew Cab ST 2WD | $1,969 |
| Start Your Quote Go | |
Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in San Francisco, CA location which can influence price quotes noticeably.
Looking at the rates, makes and models like the Ford Escape, Ford F-150, Honda CR-V, Toyota Tacoma, and Toyota RAV4 are most likely to be the most affordable vehicles to insure for your employer’s vehicle.
Discounts on San Francisco insurance
Insurance providers that offer coverage for a company car may also offer rate discounts that may potentially lower prices by 25% or more if you can meet the requirements. Companies and a summarized list of policyholder discounts are outlined below.
- The Hartford includes discounts for good student, defensive driver, bundle, vehicle fuel type, and anti-theft.
- American Family may include discounts for air bags, accident-free, good student, good driver, Steer into Savings, defensive driver, and multi-vehicle.
- Progressive has savings for online signing, continuous coverage, online quote discount, homeowner, good student, and multi-vehicle.
- Travelers offers premium reductions for IntelliDrive, driver training, multi-policy, new car, and payment discounts.
- Farmers Insurance may offer discounts for switch companies, electronic funds transfer, teen driver, bundle discounts, youthful driver, and pay in full.
- USAA offers discounts including loyalty savings, defensive driver, military installation, safe driver, multi-vehicle, driver training, and vehicle storage.
- Liberty Mutual has discounts for multi-policy, new graduate, newly retired, exclusive group savings, good student, and teen driver discount.
The diagram below shows the comparison of car insurance costs with and without policy discounts. The data is based on a male driver, a clean driving record, no claims, California state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple policy, claim-free, anti-theft, accident-free, multiple vehicle, and homeowner discounts applied. When discounts are applied, theaverage amount saved on insurance for a company car is 28% or $516.
The chart below illustrates how your choice of deductibles can increase or decrease annual premium costs when researching cheap insurance for a company car. The rate quotes are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could save $362 a year by changing from a $100 deductible to a $500 deductible, or save $546 by using a $1,000 deductible. Even younger drivers, like the 20-year-old example, can save $1,190 each year by choosing larger deductibles on their policy.
When insureds make the decision to increase the deductibles on their policy, it is important to have plenty of discretionary funds to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
How to find more affordable auto insurance for a company car
The list below summarizes some of the recommended money-saving solutions that can help you get more affordable car insurance.
- Prevent rate increases by staying accident-free
- Do not insure for full coverage
- Speeding tickets and other violations increase rates
- Claim-free drivers earn discounts
- Raise your deductibles
- Compare rate quotes frequently
The final tip is very vital, as we noted in the prior information. Prices charged by companies can change significantly in a year, so don’t be afraid to change insurance companies if a better rate can be found.
Brand loyalty is great, but it’s not recommended if that stubbornness costs you a lot of money. Take a few minutes and compare prices and find cheaper auto insurance for a company car in San Francisco.
The agents below can help you decide which auto insurance policy fits you best, since lots of drivers aren’t clear which coverage they need and would like to have some advice when comparing insurance rates for your employer’s vehicle. It can be time-consuming to find the cheapest rate yourself, and getting advice from a licensed California insurance agent can give comfort knowing you have adequate protection in case of an accident or claim.
To find a San Francisco insurance agency close to you, click the button at the bottom or click here to compare prices now.
Riskguard Insurance Solutions
422 Presidio Ave – San Francisco, CA 94115 – (415) 447-4212
Kajal Pashmi – State Farm Insurance Agent
3138 Geary Blvd – San Francisco, CA 94118 – (415) 742-4459
Rebekah Shapiro – State Farm Insurance Agent
1736 Stockton St #9 – San Francisco, CA 94133 – (415) 525-3344
Jerry Verdi – State Farm Insurance Agent
408 Columbus Ave #2 – San Francisco, CA 94133 – (415) 788-7881