Who Has Cheap Raleigh Car Insurance for a Company Car?

One of the more important factors that are looked at to help calculate the amount you pay each year for auto insurance is where you live. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with less crime or weather claims receive better rates.

The following table rates the priciest cities in North Carolina for a company car to buy car insurance in. Raleigh shows up at #10 with an annual rate of $760 for coverage, which is around $63 each month.

How much does auto insurance cost in Raleigh?
Rank City Annual Premium
1 Fayetteville $896
2 Jacksonville $873
3 Charlotte $808
4 Greensboro $779
5 Gastonia $779
6 Wilmington $765
7 Durham $765
8 Cary $765
9 Goldsboro $765
10 Raleigh $760
11 Greenville $760
12 Huntersville $742
13 Rocky Mount $740
14 Apex $739
15 Indian Trail $731
16 Wilson $724
17 High Point $723
18 Winston Salem $716
19 Hickory $711
20 Kannapolis $697
21 Chapel Hill $696
22 Salisbury $691
23 Concord $676
24 Burlington $671
25 Asheville $667
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Price information shown is comparative as the vehicle garaging location can change prices greatly.

The car, truck, or SUV you are seeking coverage for is one of the largest considerations that determines whether or not you can buy affordable car insurance for a company car. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than more modest models.

The next list features coverage premiums for a number of the most affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Raleigh, NC
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLT 2WD $1,121
Honda CR-V LX 4WD $1,126
Nissan Altima 2.5 4-Dr Sedan $1,210
Chevrolet Malibu Hybrid $1,217
Toyota RAV4 Sport 4WD $1,210
Chevrolet Impala LT $1,217
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,247
Toyota Corolla LE $1,274
Toyota Prius $1,278
Jeep Grand Cherokee Limited 2WD $1,297
Hyundai Sonata GLS 4-Dr Sedan $1,305
Kia Optima LX $1,297
Chevrolet Silverado LTZ Crew Cab 4WD $1,305
Volkswagen Jetta SE 2.5 Station Wagon $1,319
Dodge Grand Caravan Hero $1,324
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in your specific Raleigh, NC location which can decrease or increase auto insurance rates significantly.

Looking at the rates, makes and models like the Ford Escape, Honda CR-V, Nissan Altima, Chevrolet Malibu, and Toyota RAV4 will be a few of the most affordable vehicles to insure for your employer’s vehicle.

Determining which companies quote the most affordable insurance rates for a company car involves a bit more work in order to find the best policy. Each company has a different process to determine rates, so let’s take a look at the overall cheapest insurance companies in North Carolina.

Lowest Insurance Price Quotes in North Carolina

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Cheapest North Carolina auto insurance companies
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $636
3 Penn National $725
4 Liberty Mutual $728
5 GEICO $728
6 NC Farm Bureau $737
7 Titan $751
8 State Farm $756
9 Auto-Owners $870
10 National General $908
11 Travelers $909
12 Allied $928
13 Erie $931
14 Peerless $972
15 Nationwide $1,001
16 Unitrin $1,012
17 MetLife $1,018
18 Encompass $1,041
19 Safeco $1,076
20 Allstate $1,097
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Progressive may offer some of the lowest car insurance rates in Raleigh at around $632 a year. This is $240 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Penn National, Liberty Mutual, and GEICO also make the cut as some of the most economical Raleigh, NC auto insurance companies.

As the example above demonstrates, if you currently have coverage with Penn National and switched to Progressive, you could see an annual premium reduction of about $93. North Carolina drivers with Liberty Mutual might save as much as $96 a year, and GEICO customers might see rate reductions of $96 a year.

If you want to see how much you could save, click here to begin a quote or click several companies below for low rates.

Understand that those policy rates are averaged across all ages of drivers and types of vehicles and do not factor in a vehicle location for a company car. So the insurer that has the cheapest rates for you may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own driver and vehicle profiles.

Discount Raleigh auto insurance rates

Cheaper Raleigh, NC insurance for your employer's vehicleAuto insurance companies that provide coverage for a company car could also offer policy discounts that can reduce rates by 25% or more if you can meet the requirements. Larger insurance companies and their offered discounts can be found below.

The illustration below illustrates the comparison of insurance prices with and without discounts applied to the policy premium. The data is based on a male driver, no accidents, no driving violations, North Carolina state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, safe-driver, vehicle safety, multiple vehicle, homeowner, and defensive driving course discounts applied. When taking advantage of discounts, theaverage amount saved on insurance for a company car is 27% or $361.

Choosing a highly-rated insurer is hard considering how many different companies there are to choose from in North Carolina. The rank data in the lists below can help you analyze which car insurance providers to look at shopping prices with. These ratings only include companies who write in the majority of U.S. states, so smaller companies are not taken into consideration for the list.

Top Insurance Companies for a Company Car in Raleigh, NC
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
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
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

The example below demonstrates how choosing different deductibles can influence insurance costs when trying to find cheap insurance for a company car. The data assumes a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

The data above shows that a 30-year-old driver could pocket $256 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $388 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could roll back prices as much as $788 or more by choosing a larger deductible amount.

When choosing a higher deductible, it is essential to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.

The agents listed below can probably provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, as many consumers aren’t sure which coverage to buy and prefer to have the advice of a professional agent when shopping for cheaper insurance for a company car. It can be time-consuming to find the cheapest car insurance policy, and using a licensed agent can provide you comfort knowing your policy gives you adequate coverage if you have an accident or claim.

To find an auto insurance agency using an interactive map, click the link after the list or click here to compare price quotes now.

Doug Wingate – State Farm Insurance Agent
2414 Wycliff Rd #110Raleigh, NC 27607(919) 787-0888

Karen Boone – State Farm Insurance Agent
5603 Creedmoor RdRaleigh, NC 27612(919) 782-6666

State Farm: Jerome Murray
8410 Louisburg Rd #100Raleigh, NC 27616(919) 266-9371

Alex Burt – State Farm Insurance Agent
3021 Berks Way #102Raleigh, NC 27614(919) 435-1417

Spurling Cook – State Farm Insurance Agent
7501 Creedmoor Rd #114Raleigh, NC 27613(919) 676-2502

View more Raleigh, NC insurance agents

How to find economical car insurance for a company car

The list below summarizes some penny-pinching suggestions that can help drivers find low-cost coverage.

The final tip is extremely significant, as we emphasized in this write-up. Prices charged by car insurance companies in Raleigh change frequently, so don’t be hesitant to switch to a new company if you find a better deal. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if your bullheadedness ends up costing you money that could be used for better things. It takes less than five minutes to compare rates to find cheaper car insurance for a company car.