Cheapest Car Insurance for a Company Car in Alabama

Anytime the topic is auto insurance, the words “affordable” or “cheap” should never be used anywhere to describe car insurance rates. The fact is, cheap car insurance for a company car is not easy to find. Don’t let that bother you, though, because we can show you some ways you can quote and buy coverage that most people can afford.

Everyone has different tastes in autos, and the style of vehicle that is being insured is one of the primary factors when shopping around for the cheapest auto insurance for a company car in Alabama. Vehicles with economical engines, a plethora of safety features, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models.

The tables below presents car insurance prices for a selection of the most budget-friendly vehicles to insure.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in vehicle location which can modify premium rates greatly.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in vehicle location which can modify auto insurance rates substantially.

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in your specific Alabama location which can raise or lower insurance rates substantially.

For your employer’s vehicle, one of the largest factors that affect the cost of insurance is where your car is garaged in Alabama. Areas with more people or even just a higher incidence of claims like Mobile, Prichard, and Phenix City will most likely pay more, whereas areas with less traffic congestion and claims benefit from lower rates.

The information below shows the more expensive cities in Alabama for a company car in which to buy car insurance.

Prices are approximated as vehicle location can change auto insurance rates noticeably.

Trying to buy reasonably-priced insurance is easier said than done, and determining which insurers offer the best car insurance rates for a company car involves even more perseverance.

Each company uses their own method for establishing rates, so first let’s look at the rankings for the car insurance companies with the overall best prices in Alabama.

Find the Best Cheap Insurance in Alabama

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Travelers offers some of the cheapest car insurance rates in Alabama at around $791 each year. Cincinnati Insurance, USAA, GEICO, and Country also are some of the cheaper Alabama insurance companies.

In the above rates, if you are currently insured with Cincinnati Insurance and switched to Travelers, you may realize a yearly savings of in the neighborhood of $13. Customers with USAA might save as much as $104 a year, and GEICO customers might reduce prices by as much as $228 a year.

To see if you’re overpaying, click here to start your free quote or click through to the companies below.

Bear in mind that those policy prices are averages across all drivers and vehicles and and are not figured with a price discount for a company car. So the company that fits you best may not even be shown in the list of companies above. That point stresses why you need to compare rates from multiple companies using your own specific driver and vehicle information.

Discounts on the cheapest auto insurance for a company car in Alabama

Auto insurance companies that provide coverage for a company car may provide rate discounts that can lower rates by 35% or more if you are eligible for them. Larger car insurance companies and the discounts they provide can be read below.

The diagram below illustrates the difference between premium costs with and without discounts. The rate quotes are based on a male driver, no claims or driving citations, Alabama state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, marriage, anti-theft, multiple policy, multiple vehicle, and safe-driver discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for a company car is % or $.

The example below demonstrates how choosing different deductibles can increase or decrease annual premium costs when quoting cheap insurance for a company car. Data assumes a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

The data above shows that a 30-year-old driver could save $260 a year by increasing from a $100 deductible up to a $500 deductible, or save $396 by switching to a $1,000 deductible. Young drivers, such as the Age 20 example, could roll back prices $782 or more by using a higher deductible. If you do make the decision to raise your deductibles, it’s a good idea to have plenty of money set aside to satisfy the extra out-of-pocket expense associated with higher deductibles.

Company comparison: Progressive vs Geico vs State Farm vs Allstate

When comparing car insurance for your employer’s vehicle in Alabama, probably the best companies to start with are Progressive, Geico, State Farm, and Allstate. When added together, they make up almost 50% of all vehicles in the U.S.. The following table breaks down ratings and policy coverage options shoppers can find with each company.