Who Has Cheap Auto Insurance for a Company Car in North Dakota?

The car, truck, or SUV that needs insurance is probably the largest consideration when consumers are trying to find cheap car insurance for a company car in North Dakota. Vehicles with high performance engines, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.

The next lists features auto insurance rates for a handful of the most affordable automobiles to insure in North Dakota.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in specific location which can revise rates considerably.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can increase or decrease coverage prices noticeably.

Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Dakota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium amounts do not factor in zip code location which can alter price quotes significantly.

Deciding which company offers the best auto insurance rates for a company car requires a tad more effort in order to find the lowest price.

Each company uses their own formula to establish rates, so let’s examine the most budget-friendly auto insurance companies in North Dakota.

Compare Cheap Insurance Quotes in North Dakota

Get a Free Quote and Save

USAA offers some of the lowest car insurance rates in North Dakota at around $704 a year. Allied, Nodak Mutual, Grinnell, and State Farm would also be considered some of the more affordable North Dakota car insurance companies.

In the above rates, if you currently have coverage with Grinnell and switched to USAA, you could realize savings of in the neighborhood of $366. Policyholders with State Farm may save as much as $404 a year, and Safeco customers might lower prices by $418 a year.

If you want to find out if you’re overpaying, click here to begin a quote or feel free to get quotes from the companies below.

Remember that these policy prices are averages across all types of drivers and the different vehicles they drive and do not factor in a rate discount for a company car. So the auto insurance company that has the cheapest price for you may not even be included in the list above. That illustrates why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

For your employer’s vehicle, one of the more important criteria that play a part in determining rate quotes is where your car is garaged in North Dakota. Areas with more people like Hazen, Bottineau, and Williston tend to pay higher rates, whereas areas with less people or fewer weather incidents receive better rates.

The following table ranks the highest-priced places in North Dakota for a company car to purchase auto insurance in.

Rates are comparative as the vehicle garaging location can affect insurance rates greatly.

Careless drivers pay higher rates

In a perfect world, the ideal way to maintain cheap auto insurance rates in North Dakota for your employer’s vehicle is to drive cautiously and not have accidents or get tickets. The chart below demonstrates how speeding tickets and at-fault collisions impact yearly insurance costs for different insured age categories. Data assumes a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2423,2641,4479],[‘Age 30’, 1683,1903,3741],[‘Age 40’, 1561,1781,3617],[‘Age 50’, 1367,1583,3423],[‘Age 60’, 1321,1539,3377],[‘Age 70’, 1537,1755,3589]]);var options = {title: ‘Effect of Citations and Accidents on North Dakota Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in North Dakota’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of a car insurance policy in North Dakota per year with no violations or accidents is $1,649. Receive one speeding ticket and the average cost jumps to $1,867, an increase of $218 each year. Then add two accidents along with the one speeding ticket and the annual cost of auto insurance for a company car jumps again to an average of $3,704. That’s an increase of $2,056, or $171 per month, just for being a little careless behind the wheel!

The example below shows how choosing a deductible can raise or lower premium costs when trying to find cheap insurance for a company car. The data is based on a married male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3459,3151,2817,2499],[‘Age 30’, 1797,1635,1453,1279],[‘Age 40’, 1725,1579,1411,1251],[‘Age 50’, 1579,1445,1293,1149],[‘Age 60’, 1553,1421,1273,1131],[‘Age 70’, 1791,1645,1487,1335]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Prices in North Dakota’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 40-year-old driver could pocket $286 a year by changing from a $100 deductible up to a $500 deductible, or save $430 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could save up to $960 or more just by choosing higher deductibles when buying full coverage.

When insureds make the decision to increase the deductibles on their policy, it is necessary to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.