Compare Best Car Insurance Companies That Accept Company Cars in 2024 (Top 10 Providers)
Compare best car insurance companies that accept company cars, including State Farm, USAA, and Progressive. These providers offer competitive rates, comprehensive coverage, and receive positive reviews. Find affordable car insurance options with our guide.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Feb 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Feb 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Some companies offer employees a car as a job perk. Although the company is responsible for providing car insurance for business use, that coverage might not extend to personal use.
Company | Rank | See Pros/Cons | Safe Driver Discount | Multi-Vehicle Discount | Best for |
---|---|---|---|---|---|
#1 | State Farm | Up to 15% | Up to 10% | Comprehensive Coverage | |
#2 | USAA | Up to 14% | Up to 9% | Customer Service | |
#3 | Progressive | Up to 12% | Up to 8% | Tailored Coverage | |
#4 | Allstate | Up to 13% | Up to 7% | Big Discounts | |
#5 | Nationwide | Up to 11% | Up to 6% | Safe-Driving Discounts | |
#6 | Farmers | Up to 14% | Up to 8% | Bundle Discounts | |
#7 | Liberty Mutual | Up to 13% | Up to 7% | Multi-Policy Discounts | |
#8 | Travelers | Up to 12% | Up to 9% | Customizable Coverage | |
#9 | American Family | Up to 12% | Up to 6% | Customer Service | |
#10 | AAA | Up to 11% | Up to 5% | Organization Discount |
Many of the best car insurance companies out there will offer coverage for your personal vehicle and company car as well. Enter your ZIP code to compare free quotes from car insurance companies that accept company cars in your area.
#1 – State Farm: Shielding Your Drive With Comprehensive Coverage
USAA stands out for its exemplary customer service and affordable rates, making it the top choice for those seeking comprehensive coverage for company cars.
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Pros
- Comprehensive coverage: State Farm stands out for offering extensive coverage, ensuring protection for various aspects of your vehicle and driving needs.
- Safe driver discount: With a generous up to 15% safe driver discount, policyholders can enjoy reduced premiums for maintaining a good driving record.
- Multi-vehicle discount: State Farm provides up to 10% multi-vehicle discount, making it cost-effective for those with multiple vehicles.
Cons
- Potentially higher rates: While comprehensive, the coverage may come at a higher cost compared to some competitors.
- Customer service variances: Some users report inconsistencies in customer service experiences.
Read more: State Farm Car Insurance Review
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#2 – USAA: Exemplary Customer Service for Your Driving Peace
Pros
- Exceptional customer service: USAA is renowned for its top-notch customer service, offering a seamless experience for policyholders.
- Competitive safe driver discount: With up to 14% safe driver discount, USAA provides significant savings for those maintaining a clean driving record.
- Tailored for military members: USAA caters specifically to military members, providing specialized services and discounts.
Cons
- Restricted membership: USAA eligibility is limited to military members and their families.
- Limited organization discounts: Similar to State Farm, USAA might not be the ideal choice for those seeking organization-related discounts.
Read more: USAA Car Insurance Review
#3 – Progressive: Tailored Coverage Solutions Just for You
Pros
- Tailored coverage options: Progressive shines in offering customizable coverage options, allowing policyholders to tailor plans to their specific needs.
- Competitive safe driver discount: With up to 12% safe driver discount, Progressive rewards good driving habits with reduced premiums.
- Multi-vehicle discount: Progressive provides up to 8% multi-vehicle discount, making it cost-effective for those with multiple vehicles.
Cons
- Potential rate increases: Some users report premium increases over time.
- Customer service variances: Like State Farm, Progressive may have varying customer service experiences.
Read more: Progressive Car Insurance Review
#4 – Allstate: Unlock Big Discounts and Drive With Confidence
Pros
- Big discounts: Allstate is known for its substantial discounts, making it appealing for those seeking significant savings.
- Safe driver discount: With up to 13% safe driver discount, Allstate rewards policyholders for maintaining safe driving habits.
- Bundling options: Allstate provides opportunities for bundle discounts, allowing customers to save by combining various insurance policies.
Cons
- Potentially higher premiums: Some users find Allstate’s premiums to be on the higher side.
- Mixed customer service reviews: Customer service experiences may vary, with some users reporting less-than-optimal interactions.
Read more: Allstate Car Insurance Review
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#5 – Nationwide: Safeguard Your Journey With Safe-Driving Discounts
Pros
- Safe-driving discounts: Nationwide offers up to 11% safe-driving discounts, making it a favorable choice for those with clean driving records.
- Multi-vehicle discount: Nationwide provides up to 6% multi-vehicle discount, offering savings for households with multiple vehicles.
- Nationwide network: With a broad network, Nationwide ensures accessibility and convenience for policyholders.
Cons
- Customer service variances: Some users report inconsistencies in customer service experiences.
- Limited comprehensive coverage options: Nationwide may have fewer options for comprehensive coverage compared to some competitors.
Read more: Nationwide Car Insurance Discounts
#6 – Farmers: Bundling Benefits: Unleash Savings on Your Drive
Pros
- Bundle discounts: Farmers offers up to 14% in bundle discounts, making it a cost-effective choice for those combining multiple policies.
- Competitive multi-vehicle discount: With up to 8% multi-vehicle discount, Farmers provides savings for households with more than one vehicle.
- Tailored coverage: Farmers ensures coverage options that can be customized to meet individual needs.
Cons
- Customer service variances: Some users report inconsistencies in customer service experiences.
- Potentially higher premiums: Premiums may be on the higher side for certain demographics or locations.
Read more: Farmers Car Insurance Review
#7 – Liberty Mutual: Secure Your Ride With Multi-Policy Discounts
Pros
- Multi-Policy Discounts: Liberty Mutual offers up to 7% multi-policy discounts, providing savings for those bundling various insurance policies.
- Competitive Safe Driver Discount: With up to 13% safe driver discount, Liberty Mutual rewards policyholders for maintaining safe driving habits.
- Nationwide Presence: Liberty Mutual’s wide-reaching network ensures accessibility and convenience for customers.
Cons
- Potentially Higher Premiums: Some users find Liberty Mutual’s premiums to be on the higher side.
- Mixed Customer Service Reviews: Customer service experiences may vary, with some users reporting less-than-optimal interactions.
Read more: Liberty Mutual Car Insurance Review
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#8 – Travelers: Crafting Coverage Your Way
Pros
- Customizable coverage: Travelers stands out for providing customizable coverage options, allowing policyholders to tailor plans to their specific needs.
- Competitive multi-vehicle discount: With up to 9% multi-vehicle discount, Travelers offers savings for households with multiple vehicles.
- Safe driver rewards: Travelers provides up to 12% safe driver discounts, rewarding safe driving practices.
Cons
- Customer service variances: Some users report inconsistencies in customer service experiences.
- Potentially higher premiums: Premiums may be higher for certain demographics or locations.
Read more: Travelers Car Insurance Review
#9 – American Family: Where Service Meets Coverage
Pros
- Customer service focus: American Family is recognized for its emphasis on customer service, ensuring a positive experience for policyholders.
- Competitive safe driver discount: With up to 12% safe driver discount, American Family offers significant savings for those with good driving records.
- Flexible coverage options: American Family provides coverage options that can be tailored to meet individual needs.
Cons
- Potentially higher premiums: Some users find American Family’s premiums to be on the higher side.
- Limited multi-vehicle discounts: American Family may not provide as high a multi-vehicle discount as some competitors.
Read more: American Family Car Insurance Review
#10 – AAA: Drive Affordability
Pros
- Organization discount: AAA offers up to 5% organization discounts, making it an attractive choice for certain affiliated groups.
- Competitive safe driver discount: With up to 11% safe driver discount, AAA rewards policyholders for maintaining safe driving habits.
- Multi-service benefits: AAA provides additional benefits beyond car insurance, including roadside assistance and travel services.
Cons
- Limited multi-vehicle discounts: AAA may not provide as high a multi-vehicle discount as some competitors.
- Potentially higher premiums: Premiums may be on the higher side for certain demographics or locations.
Read more: AAA Car Insurance Review
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What car insurance companies accept company cars?
Having a company car can be a huge benefit, especially if your company allows you to drive the vehicle for personal use. However, the car insurance your company provides might not cover you when not driving for work. Personal car insurance doesn’t cover using a vehicle for business. As a result, you’ll need a commercial car insurance policy.
Insurance Company | Full Coverage | Minimum Coverage |
---|---|---|
State Farm | $86 | $33 |
USAA | $59 | $22 |
Progressive | $105 | $39 |
Allstate | $160 | $61 |
Nationwide | $115 | $44 |
Farmers | $139 | $44 |
Liberty Mutual | $174 | $68 |
Travelers | $99 | $37 |
American Family | $117 | $44 |
AAA | $86 | $32 |
When it comes to securing car insurance for company cars, understanding the specific coverage rates is crucial. Among the top contenders, State Farm offers competitive rates, with full coverage averaging at $86 per month and minimum coverage at $33. USAA stands out with even more affordable options, boasting an average monthly rate of $59 for full coverage and $22 for minimum coverage.
Progressive, recognized for its tailored coverage, presents a moderate option with a monthly rate of $105 for full coverage and $39 for minimum coverage. On the other end of the spectrum, Liberty Mutual offers comprehensive coverage at $174 per month, while Travelers provides customizable coverage at an average rate of $99 monthly.
These variations in rates allow consumers to make informed decisions based on their budget and coverage needs, ensuring that they find the most suitable car insurance for their company vehicles. On the other hand, a commercial policy may not cover personal use either. Many car insurance companies offer coverage options for both personal and company vehicles.
You can typically add coverage for your company car easily. This table shows average car insurance rates from top companies for different types of coverage. It will give you an idea of what a personal policy costs.
Companies | Average Monthly Car Insurance Rate for Low Coverage | Average Monthly Car Insurance Rate for Medium Coverage | Average Monthly Car Insurance Rate for High Coverage |
---|---|---|---|
Allstate | $385.67 | $408.07 | $428.25 |
American Family | $280.71 | $295.36 | $284.70 |
Farmers | $326.87 | $347.19 | $374.51 |
Geico | $250.16 | $267.83 | $285.76 |
Liberty Mutual | $483.81 | $504.88 | $529.67 |
Nationwide | $282.90 | $287.48 | $292.11 |
Progressive | $311.43 | $334.87 | $362.58 |
State Farm | $254.62 | $272.48 | $287.90 |
Travelers | $351.97 | $371.84 | $384.92 |
In some cases, you might not even be aware of what your company car insurance covers. Therefore, it makes sense to add car insurance so you’re covered no matter what. The good news is that major car insurance companies that accept company cars and trucks are easy to find. Most companies will allow you to add coverage that extends to your personal use of a company vehicle.
What type of car insurance do you need for company cars?
Adding car insurance to a company car can be done through a non-owners car insurance policy. Non-owner car insurance offers liability-only coverage to a car that you don’t own. Liability insurance covers damage to another vehicle if you cause an accident. A non-owner policy is similar in costs to liability car insurance coverage. This table shows the average cost of liability coverage by state.
State | Average Annual Car Insurance Rates for Liability Coverage |
---|---|
Alabama | $372.57 |
Alaska | $547.34 |
Arizona | $488.59 |
Arkansas | $381.14 |
California | $462.95 |
Colorado | $477.10 |
Connecticut | $633.95 |
Delaware | $776.50 |
District of Columbia | $628.09 |
Florida | $289.04 |
Georgia | $845.05 |
Hawaii | $490.64 |
Idaho | $458.49 |
Illinois | $337.17 |
Indiana | $430.54 |
Iowa | $372.44 |
Kansas | $293.34 |
Kentucky | $342.33 |
Louisiana | $518.91 |
Maine | $727.15 |
Maryland | $333.92 |
Massachusetts | $599.48 |
Michigan | $587.75 |
Minnesota | $722.04 |
Mississippi | $439.58 |
Missouri | $437.38 |
Montana | $399.41 |
Nebraska | $387.77 |
Nevada | $349.07 |
New Hampshire | $647.07 |
New Jersey | $393.24 |
New Mexico | $865.55 |
New York | $462.21 |
North Carolina | $784.98 |
North Dakota | $357.59 |
Ohio | $282.55 |
Oklahoma | $376.16 |
Oregon | $441.57 |
Pennsylvania | $553.43 |
Rhode Island | $495.02 |
South Carolina | $720.06 |
South Dakota | $497.50 |
Tennessee | $397.73 |
Texas | $498.44 |
Utah | $471.26 |
Vermont | $340.98 |
Virginia | $413.12 |
Washington | $568.92 |
West Virginia | $501.44 |
Wisconsin | $359.84 |
Wyoming | $323.38 |
Countrywide | $516.39 |
Read more: Compare Alaska Car Insurance Rates
Liability coverage only costs around $43 a month and provides the extra coverage you need on a company car. It’s important to remember that a non-owner policy won’t cover damages to the car you’re driving. You would still be responsible for those costs.
Case Study 1: State Farm – Sarah’s Comprehensive Shield
Sarah, a business professional, relies heavily on her company car for both work and personal use. Seeking a balance between comprehensive coverage and affordability, she turns to State Farm. With a monthly premium of $86 for full coverage, Sarah enjoys the peace of mind that comes with extensive protection for her vehicle.
State Farm’s up to 15% safe driver discount and up to 10% multi-vehicle discount further enhance her savings, making it a well-rounded choice for those prioritizing comprehensive coverage without breaking the bank.
State Farm’s tailored approach provides Sarah with the coverage she needs for both business and personal use. The competitive rates, coupled with generous discounts, ensure she can navigate the roads with confidence, knowing her company car is well-protected.
Case Study 2: USAA – Mark’s Smooth Drive With Exceptional Service
Mark, a military service member, values both quality coverage and outstanding customer service. Opting for USAA, he benefits from an average monthly premium of $59 for full coverage and $22 for minimum coverage. Beyond the attractive rates, USAA’s up to 14% safe driver discount and up to 9% multi-vehicle discount align perfectly with Mark’s commitment to safe driving and practical savings.
USAA’s focus on customer service and tailored discounts resonates with Mark’s preferences. He experiences a seamless insurance journey, enjoying the perks of being with a company that understands the unique needs of military members.
Case Study 3: Progressive – Emily’s Tailored Coverage Experience
Emily, a young professional, seeks insurance that adapts to her specific needs and preferences. Turning to Progressive, she discovers a customizable coverage solution. With a monthly rate of $105 for full coverage and $39 for minimum coverage, Emily appreciates the flexibility to tailor her policy.
Progressive’s up to 12% safe driver discount and up to 8% multi-vehicle discount align with her desire for personalized, cost-effective coverage. Progressive’s emphasis on tailored coverage options empowers Emily to shape her policy according to her lifestyle. The competitive rates and discounts offered by Progressive make it a go-to choice for those looking for a personalized and budget-friendly insurance experience.
What happens if your car insurance doesn’t cover company cars?
Your standard personal car insurance policy won’t cover the business use of a vehicle. This means that you need to add specific insurance in order to be covered while driving your company car. It’s important to find car insurance companies that accept company trucks and cars and allow you to add coverage for personal use.
If your company’s car insurance doesn’t cover you for personal use and you are in an accident, you’re essentially driving without insurance. According to the Insurance Information Institute, driving without car insurance can lead to fines, driver’s license suspension, the vehicle being impounded, and jail time.
If you aren’t completely sure what car insurance coverage is offered by your company, you should add your own car insurance. That way, there are no surprises, and you can be sure you’re covered.
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Car Insurance Companies that Accepts Company Cars: The Bottom Line
Car insurance companies that don’t accept company cars for business use will usually still allow you to get a non-owner policy. A non-owner policy will cover your personal use of your company car. It offers liability coverage on a vehicle that you don’t own. Compare rates from car insurance companies that accept company cars to find the best deal for you.
That way, you’ll have peace of mind. Every company will offer different rates, so shop around for the coverage you need with low rates. Enter your ZIP code now to compare quotes from car insurance companies that accept company vehicles for free.
Frequently Asked Questions
Which car insurance companies accept company cars?
Some top car insurance companies accept company cars, but not all. It’s important to shop around and compare options.
What type of insurance do you need for company cars?
You’ll need a non-owner car insurance policy to cover your personal use of a company car. It provides liability coverage.
What if your car insurance doesn’t cover company cars?
If your company’s insurance doesn’t cover personal use, you should get your own non-owner policy to avoid driving without coverage.
How much does non-owner car insurance cost?
Non-owner policies vary, but on average, liability coverage costs around $43 per month.
How can you find the best car insurance for company cars?
Compare quotes from different insurance companies that accept company cars to find the best coverage and rates.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.