You have probably seen the ads from insurers like Farmers and Progressive that make promises of the cheapest price, so you should just pick one at random, right?
Regrettably, it’s not quite that easy, as there are a ton of unknown elements like the neighborhood you live in, if you want the added protection of full coverage, how high your deductibles should be, and if you have points on your license, that all factor into the price you pay. This article should teach you a little about these topics and educate you enough to have a jump start in finding the best auto insurance in Missouri.
The make and model of vehicle driven is a large factor when comparing cheaper coverage for a company car. Vehicles with higher performance, poor crash test ratings, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.
The table below features car insurance costs for a number of the most economical automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,163|
|Hyundai Elantra SE Touring Station Wagon||$1,233|
|Ford Escape Limited 4WD||$1,238|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,276|
|Ford Edge SEL 2WD||$1,320|
|Chevrolet Impala LS||$1,326|
|Dodge Grand Caravan Hero||$1,347|
|Chevrolet Equinox LS AWD||$1,352|
|Toyota RAV4 Limited 4WD||$1,347|
|Toyota Camry LE||$1,353|
|Ford Explorer XLT 2WD||$1,465|
|Ford Focus SES 2-Dr Coupe||$1,511|
|Honda Odyssey EX W/Rear Entertainment||$1,516|
|Volkswagen Jetta 2.0T Station Wagon||$1,526|
|Dodge Ram 2500 Crew Cab ST 2WD||$1,538|
|Kia Optima SX||$1,543|
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rates do not factor in your specific Kansas City, MO location which can modify price quotes substantially.
Looking at the data, you can see that vehicles like the Honda CR-V, Hyundai Elantra, and Ford Escape will be the cheapest vehicles to insure for your employer’s vehicle.
Finding affordable car insurance is not the easiest thing to do, and figuring out which companies have the best auto insurance rates for a company car calls for even more rate comparisons. Every insurance company uses their own method for setting rates, so first let’s look at the rankings for the auto insurance companies with the overall best prices in Missouri.
It’s important to know that Kansas City, MO auto insurance rates are determined by lots of factors which can significantly increase or decrease your annual premium. This is why it is critical to shop around with many companies when trying to get cheap auto insurance rates for a company car. Auto insurance prices are made up of many risk factors and can change without notice, so the cheapest option six months ago may now be one of the more expensive options.
Best Auto Insurance Prices in Missouri
|Rank||Company||Cost Per Year|
|6||MO Farm Bureau||$1,032|
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USAA offers some of the most affordable car insurance rates in Kansas City at around $668 per year. This is $594 less than the average rate paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Travelers would also be considered some of the cheapest Kansas City, MO insurance companies.
In the rate table above, if you are insured with Travelers and switched to The Hartford, you might realize a yearly savings of upwards of $181. Insureds with MO Farm Bureau might save as much as $215 a year, and Auto-Owners policyholders might reduce rates by $220 a year.
To see if you’re overpaying, click here to start your free quote or quote rates from the companies below.
It’s important to note that these policy rates are averages for all ages of drivers and types of vehicles and are not factoring in a vehicle location for a company car. So the car insurance company that can offer you the lowest price may not even be in the top 23 companies shown above. That underscores the importance of why you need to get rate quotes from many companies using your own individual information.
Responsible drivers pay cheaper Kansas City auto insurance rates
The easiest method to score the best auto insurance prices in Missouri for your employer’s vehicle is to drive carefully and avoid accidents and traffic violations. The chart below illustrates how traffic citations and fender-benders can raise auto insurance rates for different age groups. The costs are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
In the prior example, the average cost of a car insurance policy per year with no accidents or violations is $1,202. Factor in two speeding tickets and the average cost hikes up to $1,605, an increase of $402 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for a company car goes up to an average of $2,008. That’s an increase of $805, or $67 per month, just for not being more responsible behind the wheel!
The information below demonstrates how deductibles can impact insurance costs when getting quotes for cheap insurance for a company car. The premium estimates are based on a single female driver, comp and collision included, and no other discounts are factored in.
The chart above illustrates that a 50-year-old driver could reduce rates by $210 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $320 by selecting a $1,000 deductible. Youthful drivers, like the age 20 example, could potentially save $536 or more by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough spare savings to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Insuring your vehicle with the right insurance provider is hard considering how many companies sell coverage in Missouri. The rank data listed below may help you analyze which coverage providers to look at when comparing rate quotes. These rankings are only comprised of the companies with a significant amount of written premium nationwide, so companies that focus mainly on Missouri business will not be included in the list.
Top 10 Major Auto Insurance Providers in Kansas City Ranked by Value
- AAA Insurance
- Liberty Mutual
- State Farm
- Safeco Insurance
- 21st Century
Top 10 Major Auto Insurance Providers in Kansas City Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
How to find low-cost car insurance for a company car
It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Kansas City drivers get cheaper coverage.
- Having too many claims will increase rates substantially
- Do not get traffic citations
- Full coverage may not be needed on older vehicles
- Increase your policy deductibles
- Do not get into accidents that are your fault
- Compare rate quotes often
The final tip is extremely necessary, as we emphasized in this article. Insurance prices in Kansas City can change in a short period of time, so don’t hesitate to buy a policy from a new company if you find a cheaper price. Many consumers stick with the same company and that’s fine, but it’s not a great idea if that inflexibility results in costing you a small fortune year after year. It takes less than five minutes to shop around and find cheaper car insurance for a company car.
If you like to have a professional recommendation when buying car insurance for your employer’s vehicle, the insurance agencies below can provide answers to your questions and help you determine which insurance coverage you need. To locate a Kansas City auto insurance agent nearest to you, click the button following the list.
- State Farm: Bret Ohlhausen
8549 N Church Rd – Kansas City, MO 64157 – (816) 781-4960
- State Farm: Bret Farrar
6406 E 87th St #103 – Kansas City, MO 64138 – (816) 333-4445
- Bargain Insurance Connection
2635 NE Vivion Rd – Kansas City, MO 64119 – (816) 453-7722