The type of vehicle you are seeking coverage for is a significant factor that determines if you can find economical car insurance for a company car. Vehicles with lots of horsepower, poor passenger safety features, or an increased likelihood of liability claims will cost much more to insure than safer, lower-performance models. The next list presents insurance prices for a selection of the most economical automobiles to insure in Texas.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $787 |
| Honda CR-V EX 2WD | $793 |
| Ford F-150 XL Super Cab 2WD | $862 |
| Ford Escape XLS 2WD | $892 |
| Chevrolet Malibu LS | $927 |
| Chevrolet Impala LTZ | $975 |
| Kia Optima LX | $993 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $995 |
| Toyota Prius | $999 |
| Ford Explorer Eddie Bauer 2WD | $1,004 |
| Ford Focus S 4-Dr Sedan | $1,037 |
| Toyota RAV4 2WD | $1,054 |
| Dodge Grand Caravan Hero | $1,060 |
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Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Estimates do not factor in specific garaging location which can alter rates significantly.
By looking at the data, we can infer that vehicles like the Honda Accord, Honda CR-V, and Ford F-150 are going to be some of the cheaper vehicles to insure for your employer’s vehicle.
Finding dependable, low-priced auto insurance is tough enough, and finding out which company has the best insurance rates for a company car will take more quotes for comparison. Every insurance provider has a proprietary method to set their prices, so let’s take a look at the overall cheapest insurance companies in Texas.
It’s important to know that Austin insurance rates are impacted by many things that may substantially change the price you have to pay. Things like getting older, having a teen driver, or getting a driving violation can trigger rate changes that can now make some companies more expensive than others.
Best Car Insurance Prices in Texas
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,461 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,093 |
| 16 | Unitrin | $2,241 |
| 17 | MetLife | $2,249 |
| 18 | Encompass | $2,255 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,594 |
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Travelers may have some of the best car insurance rates in Austin at around $1,021 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the best Austin, TX insurance companies.
As shown in the table above, if you currently buy coverage from Germania Mutual and switched to USAA, you may see savings of upwards of $198. Insureds with Esurance may save as much as $295 a year, and California Casualty insureds might lower prices by $340 a year.
These premiums are averages for all ages of drivers and types of vehicles and do not factor in a vehicle location for a company car. So the auto insurance company that is best suited for you may not even be in the list above. That point stresses why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
One of the more important considerations that determine the cost of insurance is where you choose to live in Austin. Areas with increased crime or more people likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The illustration below shows the most expensive places in Texas for a company car in which to purchase auto insurance. Austin makes the list at #17 costing $1,659 for the average policyholder, which is about $138 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Dallas | $1,911 |
| 3 | Houston | $1,891 |
| 4 | Brownsville | $1,870 |
| 5 | Amarillo | $1,858 |
| 6 | Laredo | $1,851 |
| 7 | Garland | $1,832 |
| 8 | Pasadena | $1,794 |
| 9 | Grand Prairie | $1,793 |
| 10 | Mesquite | $1,753 |
| 11 | Lubbock | $1,733 |
| 12 | San Antonio | $1,722 |
| 13 | Beaumont | $1,720 |
| 14 | Irving | $1,719 |
| 15 | Arlington | $1,692 |
| 16 | Carrollton | $1,664 |
| 17 | Austin | $1,659 |
| 18 | Plano | $1,624 |
| 19 | Fort Worth | $1,621 |
| 20 | El Paso | $1,616 |
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Price information shown is approximated as the specific area where the vehicle is garaged can lower or raise premium rates noticeably.
Impact of careless driving on Austin insurance rates
The recommended way to enjoy affordable insurance rates in Austin for your employer’s vehicle is to drive cautiously and not get tickets or have accidents. The illustration below illustrates how violations and accident claims can affect car insurance costs for each different age group. The price estimates are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.
The chart shows that the average cost of car insurance in Texas per year with no violations or accidents is $2,671. Get written up for two speeding tickets and the average cost surges to $3,542, an increase of $870 each year. Then add one accident along with the two speeding tickets and the 12-month cost of insurance for a company car goes up to an average of $4,430. That’s an increase of $1,759, or $147 per month, just for not driving carefully!
Insuring your vehicle with the highest-rated auto insurance provider is difficult considering how many companies provide coverage in Austin. The company rank data shown below could help you select which car insurance companies you want to consider when comparing rate quotes. The ratings below are only comprised of companies with a national presence, so smaller companies that only insure vehicles in Texas will not be included in these rankings.
Top 10 Major Auto Insurers in Austin Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Top 10 Major Auto Insurers in Austin Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
How to find cheaper car insurance for a company car
Lowering your rates is not difficult, and here are many thrifty suggestions that can help Austin drivers find low-cost car insurance.
- Drive vehicles with five-star safety ratings
- Accidents can significantly increase rates
- Good credit can help you save money
- Just one traffic violation will increase your rates
- Try to remain claim-free
- Compare rates and switch if you can find a better deal
That last tip is extremely valuable, as was pointed out in this write-up. Car insurance rates adjust frequently, so don’t hesitate to change to a new company if a more affordable price is available.
Sticking with a specific company is fine, but it’s not recommended if that devotion results in you overpaying a lot of money. In less than five minutes you could compare rates and find cheaper car insurance for a company car in Austin.
If you would rather get some professional input when trying to find the best insurance rates for a company car, the insurance agencies listed below can help you make a decision which car insurance policy is best.
To locate an agency in your neighborhood, click the button link following the list or click here to compare price quotes.
- Southwest Insurance Center
3105 W Slaughter Ln – Austin, TX 78748 – (512) 280-6100 - Allstate Insurance: Amanda Escobar
8700 Manchaca Rd #405 – Austin, TX 78748 – (512) 280-9700 - Karen Hall – State Farm Insurance Agent
7004 Bee Cave Rd #3 – Austin, TX 78746 – (512) 327-6200