Cheap Car Insurance Quotes for Business Use in North Carolina

Locating low-priced auto insurance is confusing at best, and determining which company offers the cheapest auto insurance rates for business use takes even more diligence. Policy rates could be moderately pricier than the state average, with the higher price attributed to the extra risk related to offering coverage for using your car for business, but reasonable insurance should be available with some perseverence. Every auto insurer has a different formula to set policy rates, so first let’s look at the rankings for the auto insurance companies that tend to be cheaper in North Carolina.

It’s a good idea to be aware that North Carolina auto insurance rates are influenced by many factors that may substantially change the cost of your policy. This is why North Carolina drivers need to compare as many rates as possible to find the most affordable auto insurance rates for business use. Prices can be determined by many things and change dramatically, so the cheapest rate the last time you compared rates may now be quite expensive.

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Progressive generally has some of the best car insurance rates in North Carolina at around $639 each year. Utica National, NC Farm Bureau, Liberty Mutual, and Titan would also make the list of some of the more affordable North Carolina insurance companies.

As the example above demonstrates, if you buy coverage from Liberty Mutual and switched to Progressive, you may see a yearly price reduction of approxmiately $82. Drivers with Titan might save as much as $90 a year, and Penn National insureds might cut rates by $100 a year.

Be aware that those estimates are averaged across all types of insureds and vehicles and and are not calculated with a price increase for business use. So the company that can offer you the best rate may not even be included in the company chart above. That affirms the importance of why you need to get quotes using your own specific driver information and vehicle.

One of the key considerations used to calculate a rate quote is your address in North Carolina. Cities with larger populations like Fayetteville, Charlotte, and Greensboro will most likely have higher rates, whereas areas with less traffic congestion and claims benefit from lower prices.

The illustration below shows the priciest cities in North Carolina for business use in which to purchase auto insurance.

Information shown are approximated as the garaging address in North Carolina can revise price quotes considerably.

The make and model of vehicle on the policy is a significant factor that determines whether or not you can buy cheap auto insurance for business use in North Carolina. Vehicles with high performance features, a lack of safety features, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models.

The data below ranks coverage rates for a number of the most cost-effective automobiles to insure in North Carolina.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Table data does not factor in specific location information which can lower or raise rates noticeably.

Looking at the rates, you can assume that cars like the Toyota Prius, Honda Accord, Honda CR-V, and Chevrolet Malibu are a few of the cheaper vehicles to insure for using your car for business. Rates will be higher anyway because of the fact that there is a higher risk for business use, but overall those particular vehicles will have the lowest insurance prices compared to all other vehicles.

Discounts on cheap auto insurance for business use in North Carolina

Insurance companies that offer cheap quotes for business use may also offer price discounts that could lower prices by as much as 25% or more if you can meet the requirements. A list of auto insurance companies and some of the discounts can be found below.

• State Farm offers discounts for driver’s education, anti-theft, safe vehicle, student away at school, multiple policy, and Drive Safe & Save.
• Nationwide may offer discounts for anti-theft, business or organization, family plan, good student, and Farm Bureau membership.
• GEICO offers discounts including daytime running lights, emergency military deployment, anti-theft, multi-vehicle, and multi-policy.
• AAA has discounts for education and occupation, good student, multi-car, AAA membership discount, pay-in-full, anti-theft, and good driver.
• 21st Century includes discounts for 55 and older, automatic seat belts, defensive driver, driver training, air bags, homeowners, and theft prevention.
• The Hartford has savings for good student, bundle, defensive driver, anti-theft, and driver training.

The diagram below visualizes the comparison of premium costs with and without discounts being applied to the rates. The rate quotes are based on a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, anti-theft, defensive driving course, claim-free, multiple policy, and accident-free discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for business use is 27% or $394.

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Buying coverage from a good quality company can be a challenge considering how many choices you have in North Carolina. The rank data listed below could help you decide which car insurance providers you want to consider when comparing rate quotes. These ratings are only comprised of companies who write in the majority of U.S. states, so companies that may only write in North Carolina are not included in the list.

How to find more affordable insurance for business use

Here are some money-saving solutions that can help North Carolina drivers locate lower-cost car insurance.

• Avoid accidents and claims
• Higher deductibles save money
• Good credit can help you save money
• The safer your car, the less it costs to insure
• Just one traffic violation will increase your rates
• Shop around for cheaper prices

That last tip is remarkably valuable, as we pointed out in the prior information. Prices charged by auto insurers adjust frequently, so don’t be afraid to buy a policy from a new company if you find a better deal. Many drivers prefer to stick with one company, but we do not recommend it if that loyalty results in overpaying a fortune every year. In just a couple of minutes you could compare rates and find cheaper car insurance for business use.