The vehicle you are seeking coverage for is probably the largest consideration when comparing quotes for the lowest-priced auto insurance for business use. Vehicles with lots of horsepower, poor safety features, or a high likelihood of having liability claims will cost more to insure than more modest models. The next table ranks auto insurance premiums for a selection of the most affordable automobiles to insure in North Carolina.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Odyssey EX W/Rear Entertainment||$1,375|
|Toyota Tacoma 2WD||$1,385|
|Ford Escape Limited 2WD||$1,385|
|Jeep Grand Cherokee Laredo 4WD||$1,402|
|Toyota RAV4 Sport 4WD||$1,408|
|Ford Explorer Eddie Bauer AWD||$1,430|
|Ford Focus SES 4-Dr Sedan||$1,447|
|Honda CR-V LX 2WD||$1,452|
|Ford Edge Sport 2WD||$1,474|
|Toyota Camry SE||$1,484|
|Ford F-150 STX Super Cab 2WD||$1,489|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,501|
|Hyundai Sonata GLS 4-Dr Sedan||$1,504|
|Kia Optima LX||$1,513|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,583|
|GMC Sierra Denali Crew Cab 2WD||$1,600|
|Chevrolet Equinox LT 2WD||$1,605|
|Chevrolet Malibu Hybrid||$1,611|
|Dodge Grand Caravan CV||$1,625|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in specific zip code location which can change price quotes considerably.
Looking at the rates, you can conclude that vehicles like the Honda Odyssey, Toyota Tacoma, Ford Escape, and Jeep Grand Cherokee should be the most affordable vehicles to insure for using your car for business. The price of auto insurance will tend to be more expensive anyway because of the fact that there is more exposure for business use, but generally speaking those particular vehicles will have the best insurance prices compared to all other vehicles.
One of the many things that help determine the amount you pay each year for auto insurance is where your residence is. Larger areas likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The following table rates the highest-priced areas in North Carolina for business use to buy car insurance in. Charlotte ranks #3 with the yearly price of $840 for car insurance, which is approximately $70 monthly.
|Rank||City||Premium Per Year|
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Rate information is approximated as specific Charlotte garaging address can decrease or increase auto insurance rates greatly.
Violations and accidents raise rates
The obvious way to enjoy affordable auto insurance premiums in Charlotte for using your car for business is to be an attentive driver and avoid accidents and traffic citations. The chart below illustrates how violations and fender-benders can influence auto insurance rates for different categories of driver ages. Data assumes a single female driver, comp and collision included, $100 deductibles, and no discounts are applied.
In the previous example, the average cost of an auto insurance policy in Charlotte per year with a clean driving record and no accidents is $1,817. Receive one speeding ticket and the average cost surges to $2,058, an increase of $242 each year. Then add two accidents along with the one speeding ticket and the annual cost of auto insurance for business use jumps again to an average of $4,104. That’s an increase of $2,288, or $191 per month, just for not paying attention while driving!
Picking a highly-rated car insurance company is difficult considering how many companies are available to choose from in North Carolina. The company ratings listed below could help you decide which auto insurers you want to consider when comparing auto insurance rates for business use.
These rankings are only comprised of large insurance companies, so companies that focus mainly on North Carolina business are not taken into consideration for these rankings. To compare prices from these and other top-rated companies, follow this link.
Top 10 Large Auto Insurers in Charlotte Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Large Auto Insurers Overall in Charlotte
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Ideas for buying more affordable auto insurance for business use
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving solutions that can help you find cheap auto insurance.
- Just one traffic violation will increase your rates
- Buying car and homeowners insurance together can save money
- Do not pay for full coverage if not needed
- Having at-fault accidents will increase rates
- Buy safe vehicles
- Claim-free policyholders usually earn a discount
- Compare rates and switch if you can find a better deal
That last tip is extraordinarily valuable, as was discussed in the article above. Insurance prices can be adjusted at any time, so drivers shouldn’t be reluctant to switch companies if you can save money. Many consumers stick with the same company and that’s fine, but it’s not recommended if that stubbornness costs you a fortune every year. It only takes a couple minutes to compare rates and find cheaper auto insurance for business use in Charlotte.
The insurance agents in Charlotte listed below are willing to answer your questions and help you decide which insurance coverage you need, since some drivers aren’t sure which coverage they need and prefer to have professional advice when comparing insurance rates for business use. It can be hard to find the best coverage on your own, and insurance agents licensed in the state of North Carolina can bring peace of mind knowing your policy gives you enough coverage if you have a claim.
To find an auto insurance agency closest to you, click the button link following the list or click here to compare price quotes.
Johnson Insurance Management, LLC
3220 Wilkinson Boulevard Ste A3 – Charlotte, NC 28208 – (704) 394-7327
State Farm: Rob Heath
6215 Brookshire Blvd – Charlotte, NC 28216 – (704) 392-4166
Allstate Insurance: Michael Randolph
1001 W W.T. Harris Blvd m – Charlotte, NC 28213 – (704) 549-1710