Who Has Affordable Car Insurance Rates for a Company Car in Seattle?

You have surely seen all the captivating ads from auto insurance companies like Nationwide, Farmers, and GEICO claiming enormous savings. So you should just choose any of them, right?

It’s not that easy, however, as there are a whole bunch of unknown aspects such as whether you are a man or a woman, when you were born, and whether you are married or single, that all have an effect on the price. The content below will cover the things that cause high insurance rates and will hopefully give you a jump start in finding the best auto insurance.

For your employer’s vehicle, one of the largest criteria that are used to help calculate car insurance rates is your address in Seattle. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas that tend to be more rural tend to receive slightly lower rates.

The table below rates the most costly cities in Washington for a company car to purchase a policy in. Seattle is ranked #5 with the yearly price of $1,391 for coverage, which is approximately $116 per month.

How much does car insurance cost in Seattle, WA?
Rank City Average Per Year
1 Tacoma $1,427
2 Lakewood $1,420
3 Renton $1,403
4 Federal Way $1,393
5 Seattle $1,391
6 Auburn $1,380
7 Kent $1,337
8 South Hill $1,314
9 Shoreline $1,312
10 Marysville $1,258
11 Everett $1,250
12 Bellevue $1,219
13 Redmond $1,214
14 Kirkland $1,207
15 Sammamish $1,196
16 Vancouver $1,146
17 Lacey $1,111
18 Olympia $1,105
19 Spokane $1,104
20 Spokane Valley $1,087
21 Yakima $1,026
22 Kennewick $1,001
23 Pasco $998
24 Richland $993
25 Bellingham $987
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Premium amounts are comparative as vehicle location can revise prices considerably.

The car, truck, or SUV that is being insured is one of the primary factors when shopping for low-cost insurance for a company car. Vehicles with lower acceleration and performance, a great safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models. The next table showcases car insurance costs for a selection of the most cost-effective automobiles to insure.

Cheapest Vehicles to Insure in Seattle, WA
Make and Model Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $1,554
Volkswagen Jetta S 2.5 Station Wagon $1,684
Ford F-150 STX Super Cab 4WD $1,780
Honda CR-V EX-L 4WD $1,817
Chevrolet Malibu LS $1,840
Jeep Grand Cherokee Laredo 2WD $1,847
Toyota Tacoma Double Cab 4WD $1,840
Ford Fusion S 4-Dr Sedan $1,849
Ford Escape XLT 2WD $1,905
Hyundai Elantra GLS 4-Dr Sedan $1,936
Chevrolet Silverado LS Regular Cab 4WD $1,956
Toyota Prius $1,967
Chevrolet Equinox LTZ AWD $1,973
Honda Civic Hybrid 4-Dr Sedan $1,982
Dodge Grand Caravan SE $1,995
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in vehicle garaging location which can modify rates greatly.

Based upon the rates shown, you can assume that models like the Honda Accord, Volkswagen Jetta, and Ford F-150 are most likely going to be some of the cheaper vehicles to insure for your employer’s vehicle.

Buying cost effective auto insurance is easier said than done, and figuring out which company quotes the most affordable car insurance rates for a company car requires a bit more work.

Every auto insurer has a different process for determining prices, so first let’s look at the rankings for the car insurance companies with the overall cheapest rates in Seattle, WA.

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Rankings for the cheapest Washington auto insurance companies
Rank Company Cost Per Year
1 Capital $777
2 Grange $822
3 Nationwide $981
4 PEMCO $1,004
5 Travelers $1,008
6 The Hartford $1,058
7 Mutual Enumclaw $1,065
8 California Casualty $1,072
9 USAA $1,082
10 Chubb $1,083
11 Allied $1,098
12 State Farm $1,141
13 Amica $1,206
14 American Family $1,208
15 Safeco $1,228
16 Liberty Mutual $1,296
17 Farmers $1,369
18 Progressive $1,510
19 National General $1,540
20 MetLife $1,697
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Capital may have some of the cheapest car insurance rates in Seattle at around $777 each year. Grange, Nationwide, PEMCO, and Travelers also make the cut as some of the more affordable Seattle, WA car insurance companies.

As shown in the table above, if you buy coverage from Travelers and switched to Grange, you could see an annual premium reduction of about $186. Insureds with The Hartford could save as much as $236 a year, and Mutual Enumclaw insureds might see rate reductions of $243 a year.

To compare your rates to other Washington insurance companies, click here to start a quote or visit any of the companies below.

These premiums are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for a company car. So the insurer that can offer you the best price may not even be in the top 25 companies in the list above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.

The illustration below shows how choosing a deductible can impact insurance rates when trying to find cheap insurance for a company car. The rates are based on a single male driver, full coverage, and no discounts are applied.

As shown above, a 50-year-old driver could save $338 a year by switching from a $100 deductible to a $500 deductible, or save $510 by selecting a $1,000 deductible. Even younger drivers, such as the Age 20 example, could drop their prices as much as $1,116 or even more by choosing a higher deductible. If you do decide to increase your deductibles, it will be important to have enough spare savings to satisfy the extra out-of-pocket expense associated with higher deductibles.

Careless Seattle drivers pay higher rates

In a perfect world, the ideal way to maintain the most affordable car insurance rates in Seattle for your employer’s vehicle is to drive attentively and avoid accidents and traffic violations. The illustration below demonstrates how traffic citations and at-fault fender-benders increase auto insurance costs for each different age category. The data is based on a married female driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,264. Get written up for two speeding tickets and the average cost swells to $1,787, an increase of $523 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of car insurance for a company car goes up to an average of $3,989. That’s an increase of $2,725, or $227 per month, just for not keeping your driving record clean!

How to find cheaper insurance for a company car

Here are a few penny-pinching solutions that can help you buy cheaper coverage.

The last tip is remarkably necessary, as we pointed out in this article. Auto insurance prices change frequently, so don’t hesitate to buy from a different company if a better deal can be had.

Loyalty to a specific company is fine, but it’s not recommended if that loyalty ends up costing hundreds of dollars year after year. It only take a few minutes to compare rates and find cheaper car insurance for a company car in Seattle.

The Seattle, WA, insurance agents below can probably help you determine which car insurance policy is best, since some drivers aren’t sure which coverage they need and prefer to have some advice when shopping around for cheaper insurance for your employer’s vehicle. It can be difficult to find the cheapest car insurance policy, and getting professional guidance from a licensed agent can provide satisfaction knowing your coverage gives you suitable coverage if you ever need to use it. To locate a Seattle car insurance agency by location nearest to you, click the button after the list.

Melinda Elkin – State Farm Insurance Agent
7104 Greenwood Ave NSeattle, WA 98103(206) 784-6560

Jeffrey Taylor – State Farm Insurance Agent
4850 Rainier Ave SSeattle, WA 98118(206) 725-8008

Sav-On Insurance
9614 17th Ave SWSeattle, WA 98106(206) 767-7444

Thury Foster – State Farm Insurance Agent
444 NE Ravenna Blvd #104Seattle, WA 98115(206) 985-2528

Ezra Teshome – State Farm Insurance Agent
1510 14th AveSeattle, WA 98122(206) 322-3910

More Seattle, WA insurance agents