Finding dependable, low-priced car insurance is tough enough, and finding out which company has the cheapest car insurance rates for business use takes even more diligence.
Every insurance company has a proprietary formula for setting rates, so let’s rank the car insurance companies that tend to be cheaper in Missouri.
Best Car Insurance Prices for Business Use
|Rank||Company||Cost Per Year|
|7||MO Farm Bureau||$1,063|
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USAA quotes some of the lowest car insurance rates in Kansas City at around $668 annually. The Hartford, Electric, Allied, and Auto-Owners are also some of the cheaper Kansas City, MO auto insurance companies.
As the example above demonstrates, if you are a customer of Electric and switched to USAA, you may realize annual savings of around $173. Drivers with Allied may save as much as $207 a year, and Auto-Owners insureds might lower prices by up to $329 a year.
Remember that these premiums are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific vehicle garaging location for business use. So the auto insurance company that fits your age and vehicle best may not even be in the top 23 companies in the list above. That emphasizes why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
For using your car for business, one of the big considerations that help determine car insurance rates is where you call home. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The table below rates the most costly cities in Missouri for business use to buy car insurance in. Kansas City comes in at #5 having an annual price of $1,295 for the average insured, which is about $108 each month.
|Rank||City||Premium Per Year|
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Prices are approximated as the garaging address in Kansas City can influence insurance rates substantially.
The vehicle model requiring coverage is probably the most important factor when comparing quotes for low-priced coverage for business use. Vehicles with high performance engines, a lack of modern safety features, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models.
The table below outlines car insurance premiums for some of the most affordable automobiles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,232|
|Honda CR-V EX 2WD||$1,241|
|Honda Accord LX-P 4-Dr Sedan||$1,413|
|Honda Odyssey EX||$1,429|
|Chevrolet Impala LT||$1,456|
|Ford F-150 XL Regular Cab 2WD||$1,464|
|Toyota Tacoma Double Cab 4WD||$1,486|
|Ford Focus SEL 4-Dr Sedan||$1,504|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,509|
|Toyota Camry XLE||$1,532|
|Ford Edge Sport AWD||$1,539|
|Chevrolet Silverado LS Regular Cab 4WD||$1,552|
|Kia Optima LX||$1,562|
|GMC Sierra SLE Regular Cab 4WD||$1,570|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,590|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,598|
|Volkswagen Jetta 2.0T Station Wagon||$1,653|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,665|
|Dodge Grand Caravan SE||$1,693|
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rates do not factor in Kansas City, MO location which can alter insurance rates considerably.
Based upon the rates shown, you can figure that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, and Honda Accord are going to be some of the cheapest vehicles to insure for using your car for business. Rates will tend to be higher because there is more liability risk for business use, but overall those particular vehicles will most likely have the least expensive rates compared to other vehicles.
Get discounts on Kansas City auto insurance rates
Car insurance companies that offer coverage for business use may also offer policy discounts that can lower rates by as much as 35% if you are eligible. Large car insurance companies and some of the premium reductions they offer can be read below.
- Mercury Insurance may have discounts that include ease of repair, anti-theft, type of vehicle, low natural disaster claims, multi-car, and annual mileage.
- Farmers Insurance may include discounts for switch companies, electronic funds transfer, early shopping, youthful driver, pay in full, mature driver, and business and professional.
- Farm Bureau has discounts for youthful driver, multi-policy, multi-vehicle, 55 and retired, and good student.
- State Farm offers discounts including Drive Safe & Save, Steer Clear safe driver discount, good driver, defensive driving training, and driver’s education.
- Allstate may offer discounts for FullPay discount, 55 and retired, good payer, multi-policy, auto/life discount, and anti-theft.
- GEICO offers discounts for driver training, multi-vehicle, good student, air bags, and emergency military deployment.
The diagram below illustrates the comparison of auto insurance rates with and without discounts being applied to the rates. The premiums are based on a female driver, no violations or accidents, Missouri state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, marriage, vehicle safety, multiple vehicle, safe-driver, and homeowner discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for business use is 28% or $361.
How violations and accidents impact rates
The ideal way to maintain the most affordable car insurance rates for using your car for business is to drive cautiously and not get tickets or have accidents. The example below demonstrates how speeding tickets and at-fault fender-benders raise insurance premiums for each age group. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The data above shows the average cost of car insurance per year with no accidents or violations is $1,125. Receive one speeding ticket and the average cost increases to $1,268, an increase of $143 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for business use jumps again to an average of $2,620. That’s an increase of $1,495, or $125 per month, just for not driving safely!
Why are you paying too much for car insurance?
Kansas City, MO car insurance rates are impacted by many things which can substantially decrease or increase the price you have to pay for coverage. Turning one year older, adding a teenager to your policy, or getting a driving violation can produce rate changes resulting in some rates now being affordable when they were higher priced. Not only may your situation change, but auto insurance companies file new Missouri car insurance rates as needed to help ensure profitability. Higher than normal claim frequency or severity may result in higher prices, while a lower level of claims may produce more affordable Kansas City car insurance rates.
The data below shows the cheapest car insurance in Kansas City, MO for a 45-year-old female driver with no accidents, a clean driving record, and solid credit. Based on her current rating profile, USAA may have the cheapest car insurance rates in Kansas City at $842 each year. This is $420 less than the average rate paid by Missouri drivers of $1,262. The Hartford, Allied, Electric, and Travelers are the rest of the cheapest Kansas City, MO auto insurance companies.
Let’s now give the driver from the first rate comparison a chargeable claim, bad credit, and a couple of points charged on her driving record. Because each company has their own guidelines for establishing rates, comparing rates could result in a new list of the cheapest companies as shown below.
MO Farm Bureau now has the lowest price on auto insurance in Kansas City with Nationwide, Farmers, Allied, and The Hartford now being in the top five. This example shows why consumers need to take the time to compare as many rates as possible to get the most affordable insurance rates for business use.
Insurance rates are influenced by many factors and can increase or decrease at any time, so the most economical company the last time you shopped around may now be one of the higher cost companies.
The agencies below are willing to help you determine which auto insurance coverages would be the best in your situation, as some drivers wish to get some guidance when comparing insurance rates for business use. It’s not always easy to find the cheapest rates, and professional agents can provide you comfort knowing your policy gives you adequate protection in case of an accident or claim.
To find a Kansas City insurance agency using an interactive map, click the button at the bottom.
- Northland Independent Insurance Group
5575 NW Barry Rd – Kansas City, MO 64154 – (816) 587-1826
- Francisco Banuelos Insurance
536 Benton Blvd – Kansas City, MO 64124 – (816) 920-5400
- Beverly Baker Insurance Agency Inc.
8708 N Oak Trafficway – Kansas City, MO 64155 – (816) 452-8600
- State Farm: Bret Ohlhausen
8549 N Church Rd – Kansas City, MO 64157 – (816) 781-4960
How to find economical car insurance for business use
Here are some thrifty ideas that can help you buy cheaper coverage.
- Claim-free drivers earn discounts
- Do not get traffic tickets
- Maintain a safe distance and avoid accidents
- Insure your home and auto with the same company
- The safer your car, the less it costs to insure
- Compare rates regularly to ensure the best deal
The last tip in the list is highly vital, as we hit on in the article above. Auto insurance rates change constantly, so don’t be unwilling to change insurance companies if you find a better deal.
Staying with the same company for years is fine, but it’s not a great idea if it’s costing you a small fortune year after year. It takes less than five minutes to shop around and find cheaper insurance for business use in Kansas City.