It’s impossible to miss the captivating commercials from car insurance companies like Progressive, GEICO, and Nationwide that claim the cheapest rates, so drivers should just choose one randomly, right?
Unfortunately, it’s not that simple as there are a lot of unknown aspects such as what level of deductibles you wish to have, if you want the added protection of full coverage, any driving violations you may have, and your age, that all help calculate your car insurance rates. If you keep reading, we will teach you about the best ways to avoid paying too much and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance.
One of the many considerations that aid in calculating insurance cost is where you live in Atlanta. Areas with high crime rates or more dense population will most likely have higher rates, whereas less populated areas have the benefit of cheaper car insurance.
The table below lists the highest-priced areas in Georgia for a company car to buy an auto insurance policy in. Atlanta is listed at #2 with an annual cost of $1,405 on average, which is approximately $117 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | East Point | $1,436 |
| 2 | Atlanta | $1,405 |
| 3 | North Atlanta | $1,310 |
| 4 | Smyrna | $1,280 |
| 5 | Marietta | $1,279 |
| 6 | Dunwoody | $1,268 |
| 7 | Mableton | $1,267 |
| 8 | Columbus | $1,256 |
| 9 | Macon | $1,253 |
| 10 | Alpharetta | $1,246 |
| 11 | Sandy Springs | $1,242 |
| 12 | Savannah | $1,239 |
| 13 | Roswell | $1,222 |
| 14 | Augusta | $1,209 |
| 15 | Peachtree City | $1,192 |
| 16 | Gainesville | $1,184 |
| 17 | Rome | $1,170 |
| 18 | Albany | $1,154 |
| 19 | Warner Robins | $1,149 |
| 20 | Dalton | $1,145 |
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Prices are estimated as the specific geographic location can alter price quotes greatly.
Deciding which company has the cheapest car insurance rates for a company car takes a bit more work than just comparing rates from one or two companies. Every car insurance company uses a little different formula for establishing rates, so we’ll take a look at the most competitive car insurance companies in Atlanta.
Lowest Insurance Price Quotes in Georgia
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $830 |
| 2 | The Hartford | $922 |
| 3 | USAA | $978 |
| 4 | Central Mutual | $1,169 |
| 5 | MetLife | $1,276 |
| 6 | Travelers | $1,279 |
| 7 | Georgia Farm Bureau | $1,312 |
| 8 | Safeco | $1,355 |
| 9 | Allied | $1,409 |
| 10 | Mercury | $1,411 |
| 11 | Country | $1,419 |
| 12 | State Farm | $1,432 |
| 13 | California Casualty | $1,577 |
| 14 | Encompass | $1,689 |
| 15 | Progressive | $1,738 |
| 16 | Nationwide | $1,827 |
| 17 | Liberty Mutual | $1,984 |
| 18 | GEICO | $2,231 |
| 19 | Allstate | $2,246 |
| 20 | Victoria | $2,559 |
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Auto-Owners offers some of the best car insurance rates in Atlanta at around $830 each year. The Hartford, USAA, Central Mutual, and MetLife are also some of the most economical Atlanta, GA auto insurance companies.
As shown in the table above, if you currently have a policy with The Hartford and switched to Auto-Owners, you might achieve a yearly savings of upwards of $92. Customers with USAA may save as much as $148 a year, and Central Mutual customers might reduce rates by $339 a year.
If you want to find out if you’re overpaying, click here to get quotes or click through to the companies below.
Understand that those policy rates are averages for all types of insureds and vehicles and do not factor in an exact zip code location for a company car. So the car insurance company that is best suited for you may not even be in the top 20 companies shown above. That point stresses why you need to compare as many prices as possible using your own personal information and vehicle type.
The vehicle requiring insurance is a significant factor when comparing quotes for the most affordable auto insurance for a company car. Vehicles with limited top-end speed, an excellent safety record, or low incidents of liability claims will cost significantly less to insure than high performance models.
The table below ranks auto insurance prices for a selection of the cheaper automobiles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,395 |
| Honda CR-V EX 4WD | $1,427 |
| Ford F-150 XL Regular Cab 4WD | $1,567 |
| Dodge Grand Caravan SE | $1,574 |
| Toyota RAV4 Sport 2WD | $1,653 |
| Chevrolet Impala LT | $1,662 |
| Toyota Camry SE | $1,739 |
| Ford Escape Limited 4WD | $1,746 |
| Jeep Grand Cherokee Limited 2WD | $1,771 |
| Ford Edge SE AWD | $1,859 |
| Ford Focus SE 2-Dr Coupe | $1,866 |
| Ford Fusion Sport AWD 4-Dr Sedan | $1,889 |
| Volkswagen Jetta S 4-Dr Sedan | $1,894 |
| GMC Sierra SLE Crew Cab 2WD | $1,902 |
| Chevrolet Malibu Hybrid | $1,894 |
| Toyota Prius | $1,902 |
| Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $1,921 |
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Estimates do not factor in specific zip code location which can raise or lower auto insurance rates substantially.
Based upon these rates, you can infer that cars like the Hyundai Elantra, Honda CR-V, Ford F-150, Dodge Grand Caravan, and Toyota RAV4 are likely to be the most budget-friendly vehicles to insure for your employer’s vehicle.
The information below shows how choosing a deductible can influence insurance prices when searching for cheap insurance for a company car. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower their policy premium by $312 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $472 by using a $1,000 deductible. Young drivers, like the 20-year-old, could lower their rates $790 each year by choosing a higher deductible.
If you do raise deductibles, it will be required to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Discounts on Atlanta insurance rates
Auto insurance companies that provide policies for a company car may have special discounts that may potentially lower prices by 25% or more if you meet specific criteria. A few of the larger companies and a selection of discounts can be found below.
- Mercury Insurance includes discounts for type of vehicle, multi-car, multi-policy, annual mileage, and accident-free.
- Farmers Insurance has savings for switch companies, early shopping, mature driver, business and professional, and youthful driver.
- Farm Bureau may have discounts that include safe driver, driver training, good student, youthful driver, 55 and retired, and multi-vehicle.
- State Farm has discounts for anti-theft, good student, accident-free, driver’s education, and multiple policy.
- Allstate may include discounts for FullPay discount, economy car, premier discount, multi-policy, 55 and retired, and teenSMART discount.
- GEICO offers discounts including emergency military deployment, seat belt use, defensive driver, federal employee, anti-theft, five-year accident-free, and multi-vehicle.
The information below compares auto insurance costs with and without discounts. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Georgia state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with accident-free, anti-theft, defensive driving course, marriage, safe-driver, and passive restraint discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for a company car is 28% or $807.
Illustration showing the impact of accidents and violations
The obvious way to get affordable car insurance prices in Atlanta for your employer’s vehicle is to be a good driver and avoid traffic citations and accidents. The information below demonstrates how citations and at-fault collisions can impact annual premium costs for each different age category. The prices are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
In the previous chart, the average cost of car insurance in Atlanta per year with no accidents and a clean driving record is $3,070. Add in two speeding tickets and the average cost swells to $4,081, an increase of $1,011 each year. Now include two accidents along with the two speeding tickets and the annual cost of car insurance for a company car jumps again to an average of $7,642. That’s an increase of $4,572, or $381 per month, just for a couple of infractions!
You may be paying too much for car insurance
Atlanta, GA car insurance rates are impacted by many things that will increase or decrease the policy price. Simply having a birthday, marrying your spouse, or getting a DUI can trigger price changes that can cause some rates to be more affordable than the competition.
In addition, car insurance companies change prices as often as every three months to ensure their profitability. Significantly higher losses can cause rate increases, while a profitable period can result in more affordable Atlanta car insurance rates.
For example, the chart below shows the companies that have the cheapest car insurance in Atlanta, GA for a 35-year-old female driver with a clean driving record, no accidents, and good credit. If we estimate rates based on her current rating profile, Auto-Owners may have the lowest car insurance rates in Atlanta at $1,148 each year. This is $381 less than the average policy premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife round out the rest of the cheapest Atlanta, GA auto insurance companies.
Now let’s give the driver from the above example a claim, bad credit, and a stop sign violation. Since each company uses their own method for determining rates in each state, analyzing rates may now show a different ranking of affordable Atlanta car insurance companies as shown below.
The Hartford now has the cheapest auto insurance in Atlanta, GA with Travelers, Mercury, Country, and State Farm also being competitive. This demonstrates why it is crucial to perform a complete rate comparison to get the most affordable car insurance rates for a company car. Insurance prices can be altered by many factors and can change substantially, so the most affordable company a year ago may now be wasting a lot of money.