The car, truck, or SUV requiring insurance is one of the biggest factors when quoting low-priced coverage for a company car. Vehicles with average performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The next list shows car insurance rates for a number of the most affordable vehicles to insure in Texas.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,254 |
| Ford Escape Limited 2WD | $1,282 |
| Ford F-150 STX Super Cab 4WD | $1,438 |
| Honda Accord EX 4-Dr Sedan | $1,440 |
| Ford Focus S 4-Dr Sedan | $1,458 |
| Toyota RAV4 4WD | $1,486 |
| Chevrolet Impala LT | $1,494 |
| Chevrolet Equinox LS AWD | $1,486 |
| Ford Edge Sport AWD | $1,562 |
| Toyota Corolla LE | $1,569 |
| Hyundai Elantra SE 4-Dr Sedan | $1,562 |
| Toyota Camry XLE | $1,568 |
| Toyota Prius | $1,593 |
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in specific Dallas, TX garaging location which can influence rates significantly.
Based upon the rates shown, you can infer that makes and models like the Honda CR-V, Ford Escape, and Ford F-150 should be some of the cheaper vehicles to insure for your employer’s vehicle.
One of the many components that help determine car insurance rates is where you live. Regions with larger populations or more claims tend to have higher rates, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.
The illustration below lists the highest-priced areas in Texas for a company car in which to purchase auto insurance. Dallas is ranked at #3 with a yearly cost of $1,893 for the average policy, which is approximately $158 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Brownsville | $1,908 |
| 3 | Dallas | $1,893 |
| 4 | Laredo | $1,851 |
| 5 | Amarillo | $1,840 |
| 6 | Houston | $1,835 |
| 7 | Garland | $1,832 |
| 8 | Pasadena | $1,812 |
| 9 | Mesquite | $1,771 |
| 10 | Grand Prairie | $1,757 |
| 11 | San Antonio | $1,739 |
| 12 | Irving | $1,736 |
| 13 | Lubbock | $1,716 |
| 14 | Beaumont | $1,702 |
| 15 | Austin | $1,676 |
| 16 | Arlington | $1,658 |
| 17 | Fort Worth | $1,653 |
| 18 | McKinney | $1,625 |
| 19 | Corpus Christi | $1,620 |
| 20 | Carrollton | $1,598 |
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Price information shown is comparative as zip code location can affect prices greatly.
Trying to buy affordable insurance is not most people’s favorite thing to do, and finding out which company has the lowest-priced insurance rates for a company car may require more quotes for comparison. Each auto insurance company uses their own calculation for filing rates in each state, so we’ll go over the insurance companies with the most affordable rates in Texas.
Keep in mind that Dallas insurance rates are influenced by many factors that control the policy price. This price fluctuation is why it is so important to shop around with many companies when trying to find affordable auto insurance quotes for a company car. Auto insurance prices can be altered by many factors and can increase or decrease at any time, so the most economical option six months ago may now be an over-priced policy.
Lowest Insurance Price Quotes in Texas
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,282 |
| 5 | California Casualty | $1,396 |
| 6 | Esurance | $1,421 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,465 |
| 9 | Safe Auto | $1,549 |
| 10 | Nationwide | $1,553 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,161 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,568 |
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Travelers may have some of the lowest car insurance rates in Dallas at around $1,052 a year. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also some of the cheaper Dallas, TX car insurance companies.
As depicted above, if you are insured with USAA and switched to Travelers, you might see savings of in the neighborhood of $76. Drivers with Texas Farm Bureau may save as much as $183 a year, and Germania Mutual insureds might reduce rates by $230 a year.
Remember that these premium estimates are averages across all types of insureds and vehicles and do not take into consideration a specific zip code for a company car. So the auto insurance company that can offer the best rates for your situation may not even be in the top 23 companies in the list above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.
Insuring your vehicle with the top insurance company is difficult considering how many companies sell coverage in Texas. The ranking information in the next section can help you pick which auto insurers you want to consider purchasing from. The rankings below include companies who write in the majority of U.S. states, so smaller companies are not taken into consideration for these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
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Data Source: Insure.com Best Car Insurance Companies
Discount Dallas car insurance
Insurance companies that sell policies for a company car could also offer price discounts that could potentially reduce rates by as much as 30% if you meet specific eligibility requirements. A list of companies and some of the premium reductions they offer are outlined below.
- American Family offers premium reductions for multi-vehicle, good student, mySafetyValet, early bird, and Steer into Savings.
- Nationwide policyholders can earn discounts including good student, defensive driving, anti-theft, Farm Bureau membership, easy pay, family plan, and multi-policy.
- MetLife includes discounts for claim-free, multi-policy, good driver, good student, and accident-free.
- 21st Century discounts include automatic seat belts, homeowners, student driver, early bird, theft prevention, air bags, and anti-lock brakes.
- Farmers Insurance may offer discounts for business and professional, distant student, pay in full, teen driver, mature driver, homeowner, and multi-car.
- Allstate may have discounts that include eSmart discount, teenSMART discount, good student, safe driver, utility vehicle, good payer, and FullPay discount.
The diagram below shows the comparison of car insurance rates with and without some available policy discounts. The premium estimates are based on a female driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, vehicle safety, defensive driving course, and anti-theft discounts applied. With discounts applied, the average yearly reduction on insurance for a company car is 28% or $637.
How to find more affordable auto insurance for a company car
The list below summarizes many money-saving ideas that can help Texas drivers buy cheaper coverage.
- Higher deductibles save money
- Improve your credit
- Do not get traffic citations
- Buying your home and auto policies from the same company can earn a discount
- Don’t have frequent claims
- Having at-fault accidents will increase rates
- Keep rates low by comparing prices once a year
The final tip is remarkably important, as we discussed in the prior article. Prices charged by car insurance companies can change in a short period of time, so don’t be unwilling to buy from a different company if a more affordable rate is found.
Sticking with a specific company is fine, but it’s not recommended if it’s costing you several hundred dollars every year. Take a couple minutes and compare rates and find cheaper car insurance for a company car in Dallas.