The vehicle model requiring insurance is probably the biggest factor when comparing the most affordable car insurance for a company car. Vehicles with average performance, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than higher performance models. The next table presents insurance premiums for a handful of the more affordable automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $883 |
| Honda CR-V EX 2WD | $893 |
| Ford F-150 XL Super Cab 2WD | $970 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $989 |
| Ford Explorer XLT 2WD | $997 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,064 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,079 |
| Ford Escape XLS 2WD | $1,081 |
| Toyota Corolla S | $1,098 |
| Ford Edge SE 2WD | $1,113 |
| GMC Sierra SLE Regular Cab 4WD | $1,120 |
| Honda Civic Hybrid 4-Dr Sedan | $1,127 |
| Toyota Prius | $1,120 |
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in zip code location which can decrease or increase premium rates substantially.
Looking at the data, you can expect vehicles like the Honda Accord, Honda CR-V, Ford F-150, and Jeep Wrangler are most likely going to be a few of the cheaper vehicles to insure for your employer’s vehicle.
Comparing quotes for reasonably-priced insurance is not most people’s favorite thing to do, and figuring out which companies have the cheapest auto insurance rates for a company car will involve even more perseverance.
Each insurer has their own unique process to determine premium rates, so we’ll go over the auto insurance companies with the most affordable rates in California. We do need to point out that California auto insurance rates are based on many factors which can substantially change the price of coverage. Price variation is why Irvine drivers need to perform an extensive rate comparison when trying to get affordable car insurance rates for a company car. Car insurance prices are impacted by many things and can increase or decrease at any time, so the most affordable company the last time you shopped your coverage around may now be one of the more expensive options.
Cheapest Insurance Rates in California
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Century National | $1,178 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,198 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,491 |
| 8 | Allstate | $1,513 |
| 9 | GEICO | $1,529 |
| 10 | Allied | $1,541 |
| 11 | Mercury | $1,548 |
| 12 | Progressive | $1,558 |
| 13 | MetLife | $1,606 |
| 14 | The Hartford | $1,623 |
| 15 | Unitrin | $1,682 |
| 16 | Esurance | $1,688 |
| 17 | State Farm | $1,699 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,788 |
| 20 | Farmers | $1,966 |
| Quote Your Rates Go | ||
USAA generally has some of the cheapest car insurance rates in Irvine at around $1,121 a year. This is $530 less than the average policy premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide also are some of the cheapest Irvine, CA car insurance companies.
In this example, if you are insured with CSAA and switched to Century National, you could earn a yearly price reduction of around $20. Insureds with Nationwide could save as much as $85 a year, and 21st Century insureds might reduce prices by as much as $201 a year.
Be aware that those prices are averaged across all types of insureds and vehicles and do not take into consideration an exact zip code location for a company car. So the insurer that can offer you the lowest price may not even be in the top 24 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own driver data and vehicle information.
For your employer’s vehicle, one of the big factors that aid in calculating car insurance rates is your zip code. Regions with more people or even just more weather-related claims are more likely to have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The following table shows the highest-priced places in California for a company car to buy auto insurance in. Irvine is ranked at #23 with an annual rate of $1,343 for the average policy, which is around $112 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,058 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,738 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,644 |
| 7 | Long Beach | $1,610 |
| 8 | Stockton | $1,603 |
| 9 | Santa Clarita | $1,595 |
| 10 | Garden Grove | $1,554 |
| 11 | Fontana | $1,519 |
| 12 | Fresno | $1,517 |
| 13 | Moreno Valley | $1,506 |
| 14 | Modesto | $1,487 |
| 15 | Riverside | $1,482 |
| 16 | Santa Ana | $1,453 |
| 17 | San Jose | $1,437 |
| 18 | Anaheim | $1,430 |
| 19 | Huntington Beach | $1,402 |
| 20 | Bakersfield | $1,394 |
| 21 | Fremont | $1,389 |
| 22 | San Diego | $1,368 |
| 23 | Irvine | $1,343 |
| 24 | Oxnard | $1,318 |
| 25 | Chula Vista | $1,311 |
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Rates are comparative as the specific Irvine residence address can change insurance rates considerably.
How to find a good California auto insurance company
Choosing the top insurer is difficult considering how many companies sell insurance in Irvine. The information in the next section can help you decide which companies to look at comparing rates with.
These rankings are only comprised of companies that write coverage in many states, so companies with more of a regional focus are not factored into this list. To compare prices from the insurers below and more, simply click here.
| 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 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Violations and accidents raise rates
The recommended way to get affordable auto insurance premiums in Irvine for your employer’s vehicle is to drive safe and avoid traffic citations and accidents. The illustration below highlights how traffic violations and at-fault claims can impact annual premium costs for each age group. The premiums are based on a married male driver, full coverage, $100 deductibles, and no discounts are factored in.
The chart shows that the average cost of auto insurance in Irvine per year with no violations or accidents is $2,157. Add in one speeding ticket and the average cost rises to $2,476, an increase of $319 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for a company car increases to an average of $3,374. That’s an increase of $1,217, or $101 per month, just for being a little careless behind the wheel!
The example below demonstrates how choosing different deductibles can influence premium costs when quoting cheap insurance for a company car. Data assumes a married male driver, full coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could lower rates by $370 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $556 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices up to $1,230 every year just by choosing larger deductibles.
If you make the decision to raise deductibles, it is a good idea to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Compare quotes and save
Irvine auto insurance rates are determined by lots of factors that can increase the cost of your policy. Improving your credit score, marrying your spouse, or getting a ticket for careless driving may generate price changes that can now make some companies more affordable than competitors.
Not only may your situation change, but car insurance companies file new California auto insurance rates multiple times each year to help ensure profitability. Higher than usual claims can cause higher rates, while lower claim expenses may produce cheaper Irvine car insurance rates.
For example, the graph below shows the company with the cheapest car insurance in Irvine, CA for a 45-year-old female driver with no accidents or violations, and a good credit rating. If we estimate rates based on her current risk factors, USAA has the most affordable car insurance rates in Irvine at $1,195 annually. This is $456 less than the average rate paid by California drivers of $1,651. Century National, CSAA, Wawanesa, and Nationwide are the remainder of the best Irvine, CA auto insurance companies.
The chart below compares rates after we give the driver in the first example a chargeable accident, a lower credit rating, and a stop sign violation. Because each insurer has their own process to establish rates, comparing quotes could result in a different list of companies as shown below.
Grange now has the lowest price on auto insurance in Irvine, CA with Progressive, Mercury, Allied, and Allstate also being competitive. This demonstrates why California drivers need to do a thorough rate comparison when trying to find the most affordable auto insurance quotes for a company car. Insurance rates are calculated by many things and can decrease or increase without notice, so the cheapest option the last time you checked may now be quite expensive.