How Much Does Auto Insurance Cost for Business Use in Connecticut?

When the topic is car insurance, the word “cheap” shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. Unfortunately, cheap car insurance for business use can be hard, if not impossible, to find. But don’t despair, because we are going to tell you how you can quote and buy auto insurance that fits into your budget.

The vehicle model to be insured is a large factor that determines if you can find cheap auto insurance for business use in Connecticut. Vehicles with limited top-end speed, a plethora of safety features, or low incidents of liability claims will cost less to insure than higher performance models. The next list showcases insurance prices for a handful of the cheaper automobiles to buy insurance for.

Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price information does not factor in garaging location in Connecticut which can alter price quotes significantly.

Looking at the data, we can expect makes and models like the Toyota Highlander, Ford Escape, and Honda Accord are most likely to be some of the more affordable vehicles to insure for using your car for business. The price of auto insurance will trend higher just because there is more liability exposure for business use, but overall those models will most likely have the lowest insurance rates that you are likely to find.

Determining which companies have the best insurance rates for business use will involve a bit more effort than just quoting one company’s rates. Each insurer uses a little different formula for determining rates in each state, so let’s rank the most budget-friendly insurance companies in Connecticut.

We do need to point out that Connecticut insurance rates are impacted by many things which can significantly increase or decrease the price of your policy. Simply having a birthday, moving to a new city, or getting a driving violation may prompt premium changes that can make some companies more affordable than the competition.

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Utica National may offer some of the cheapest car insurance rates in Connecticut at around $995 annually. Travelers, Amica, USAA, and Nationwide are also some of the most economical Connecticut car insurance companies.

As shown above, if you currently buy coverage from USAA and switched to Utica National, you may realize a yearly savings of approxmiately $276. Drivers with Nationwide may save as much as $388 a year, and Unitrin customers might lower prices by up to $569 a year.

To find cheap auto insurance for business use in Connecticut, click here to start a quote or visit any of the companies below.

These policy prices are averages for all drivers and vehicles in Connecticut and and are not figured with a price increase for business use. So the insurer that has the lowest price for you may not even be in the list of companies above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The example below illustrates how choosing a deductible can affect insurance costs when getting quotes for cheap insurance for business use. The costs are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

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A 30-year-old driver could reduce rates by $380 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $574 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could shave $1,120 every year by using a higher deductible.

If you make the decision to raise deductibles, it’s a good idea to have emergency funds available to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Best insurance in Connecticut

Insuring your vehicle with the top insurance provider can be difficult considering how many choices you have in Connecticut. The company information displayed below can help you select which auto insurance companies to look at comparing prices from.

The ratings below are for the largest companies in America, so smaller companies will not be included in the list. To get rate quotes from these and other competitive companies, click this link.

Top 10 Large Auto Insurance Companies in Connecticut Ranked by Customer Service

1. American Family
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. GEICO
7. USAA
8. Allstate
9. Farmers Insurance
10. Safeco Insurance

Top 10 Large Auto Insurance Companies in Connecticut Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. GEICO
5. State Farm
6. Nationwide
7. The General
8. Allstate
9. The Hartford
10. 21st Century

How to find cheap auto insurance for business use in Connecticut

The list below details some money-saving ideas that can help drivers quote low-cost coverage.

• Bundle home and auto and earn a discount
• Do not file small claims
• Serious violations like DUI or reckless driving can increase rates dramatically
• Maintain a safe distance and avoid accidents
• Get cheaper liability coverage by choosing a safer vehicle
• Shop around for cheaper prices

That last piece of advice is extraordinarily significant, as was emphasized in the prior information. Insurance rates fluctuate considerably, so don’t be tentative to switch companies if you can find a cheaper rate.

Many drivers prefer to stick with one company, but it’s not a good idea if it’s costing you money that could be spent on other things. If you have a few minutes, now is a great time to shop around and find cheaper insurance for business use.

Who has the cheapest insurance quotes for using your car for business?

Thanks to technology, drivers have a lot of ways to find cheaper insurance in Connecticut, but the most prevalent ways are from an independent agent, an exlusive agent like Allstate or State Farm, or direct either online or via phone. All three ways are similar, but it’s important to point out the distinctions in how they price policies.

Independent agencies can place your business with multiple companies and can do rate comparisons with each one. Agents of this type do not write with just one company and can provide you with more rates, which may provide you with a better chance of finding cheaper coverage. If you are not satisfied with one company, your policy can be easily switched to a new company and you stay with the same agent.

An exclusive agent is usually restricted to just one company, for example a Liberty Mutual or State Farm agent. They usually cannot give you multiple price quotes, so if prices are high they cannot provide alternatives.

Buying direct means you bypass an exlusive or independent agent and instead shop from a direct company like Esurance or Progressive. This option is a good choice for drivers who do not have a lot of assets and know more than average about what coverage limits and deductibles they need.

Which way works best for finding cheap auto insurance for business use in Connecticut? The obvious answer would be buying direct results in the cheapest price since there isn’t an agent involved, but unfortunately, it’s not that simple. We could also assume that an independent agency is the best way to save due to having more companies to select from, but again, that’s not accurate. And occasionally, exclusive agents have very competitive rates that cannot be beaten by either independent or direct companies.

Since insurance prices vary so much, really the only way to get rock-bottom rates is to do a thorough rate comparison. If you want to save money, get quotes from all three to give yourself the best selection. For a list of companies with some of the cheapest Connecticut insurance rates, click here to view.