Shopping around for budget auto insurance is not the easiest thing to accomplish, and deciding which insurers offer the best auto insurance rates for business use will take a bit more work. Each insurer has a proprietary formula to set their prices, so we need to take a look at the most competitive auto insurance companies in Buffalo.
It’s a good idea to be aware that New York auto insurance rates are calculated based on many things that control the price you pay for coverage. Improving your credit score, buying higher coverage limits, or getting a ticket for careless driving can cause premium changes that may make certain companies cheaper in comparison to the competition.
Find the Cheapest Auto Insurance for Business Use
|Rank||Company||Cost Per Year|
|10||New York Central Mutual||$1,836|
|Find Cheaper Rates Go|
USAA normally has some of the cheapest car insurance rates in Buffalo at around $1,152 per year. This is $923 less than the average policy premium paid by New York drivers of $2,075. Erie, Progressive, Travelers, and Utica National also rank well as some of the cheaper Buffalo, NY auto insurance companies.
In the above rates, if you currently have a policy with Progressive and switched to USAA, you might achieve an annual savings of approximately $344. Policyholders with Travelers could save as much as $361 a year, and Utica National policyholders might reduce rates by $397 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote prices from the following companies.
Understand that those estimates are averaged for all insureds and vehicles and do not factor in an exact vehicle garaging location for business use. So the insurer that fits you best may not even be in the top 20 companies in the list above. That point stresses why you need to quote rates from many companies using your own driver data and vehicle information.
The car, truck, or SUV you are seeking coverage for is a large factor when consumers are trying to find low-priced coverage for business use. Vehicles with limited speed and performance, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models.
The next list illustrates coverage prices for a selection of the cheapest automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$2,178|
|Ford Escape Limited 2WD||$2,441|
|Ford Explorer Eddie Bauer 2WD||$2,451|
|Ford F-150 XLT Super Cab 2WD||$2,441|
|Honda CR-V LX 4WD||$2,457|
|Ford Edge SEL AWD||$2,527|
|Chevrolet Impala LS||$2,536|
|Ford Focus SE 4-Dr Sedan||$2,527|
|Jeep Grand Cherokee Laredo 2WD||$2,577|
|Toyota Tacoma 4WD||$2,667|
|Chevrolet Equinox LTZ AWD||$2,767|
|Toyota Corolla XRS||$2,774|
|Volkswagen Jetta S 4-Dr Sedan||$2,823|
|Dodge Grand Caravan Crew||$2,880|
|Toyota RAV4 Limited 4WD||$2,906|
|Toyota Camry Hybrid||$2,950|
|Honda Civic DX 2-Dr Coupe||$3,016|
|Hyundai Sonata GLS 4-Dr Sedan||$3,019|
|Kia Optima LX||$3,025|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Table data does not factor in garaging location in Buffalo, NY which can revise prices substantially.
Based upon the table data, models like the Honda Accord, Toyota Prius, Ford Escape, and Ford Explorer are some of the less-costly vehicles to insure for using your car for business. The price of auto insurance will trend higher because of the fact that there is a higher risk for business use, but in general those makes and models will probably have the cheapest rates that you’ll find.
Drive responsibly or pay higher rates
The recommended way to maintain the most affordable auto insurance prices for using your car for business is to be a good driver and avoid traffic citations and accidents. The information below illustrates how traffic citations and at-fault accidents can drive up premium costs for each age group. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of car insurance in Buffalo per year with no violations or accidents is $1,263. Get written up for two speeding tickets and the average cost jumps to $1,732, an increase of $470 each year. Then include one accident along with the two speeding tickets and the 12-month cost of auto insurance for business use increases to an average of $2,218. That’s an increase of $955, or $80 per month, just for not driving carefully!
Discount Buffalo car insurance rates
Insurance providers that offer quotes for business use may also offer special discounts that could lower prices by 25% or more if you are eligible. A few of the larger companies and some of the discounts are shown below.
- GEICO may have discounts that include good student, multi-vehicle, air bags, anti-lock brakes, and membership and employees.
- MetLife discounts include defensive driver, claim-free, multi-policy, good student, and accident-free.
- Progressive offers discounts including online signing, good student, online quote discount, homeowner, and continuous coverage.
- Travelers has discounts for multi-car, early quote, new car, home ownership, multi-policy, and IntelliDrive.
- SAFECO policyholders can earn discounts including bundle discounts, teen safe driver, safe driver, multi-car, anti-theft, and anti-lock brakes.
- AAA may offer discounts for multi-policy, education and occupation, good driver, good student, and pay-in-full.
The information below visualizes the comparison of auto insurance rates with and without discounts being applied to the rates. The data assumes a female driver, no accidents, no driving violations, New York state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with safe-driver, marriage, multiple vehicle, homeowner, multiple policy, and vehicle safety discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for business use is 28% or $396.
The illustration below shows how choosing a deductible can affect insurance premiums when searching for cheap insurance for business use. The prices are based on a single female driver, full coverage, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $210 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $318 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, could save as much as $532 each year by choosing a higher deductible.
When choosing a higher deductible, it is a good idea to have enough savings set aside to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Ideas to find economical insurance for business use
Lowering your rates is not difficult, and here are some money-saving solutions that can help you buy cheaper coverage.
- Higher physical damage deductibles lower rates
- Drive vehicles with five-star safety ratings
- Do not get traffic tickets
- Good credit scores may lower your rates
- Avoid accidents
- Check for cheaper rates once a year
That last idea is notably vital, as we discussed in the prior information. Car insurance rates in Buffalo change constantly, so don’t be tentative to change to a new company if a cheaper rate is available. Sticking with a specific company is fine, but it’s not a good idea if that loyalty results in overpaying a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper auto insurance for business use.
If you aren’t clear which coverage you need and would like to have a professional recommendation when comparing insurance rates for business use, the agents listed below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To find a Buffalo insurance agency closest to you, click the button at the bottom.
Niagara National Insurance
5001 Genesee St – Buffalo, NY 14225 – (716) 684-6000
Dennis Evchich Agency Inc
826 Tonawanda St – Buffalo, NY 14207 – (716) 875-7576
1660 Kensington Ave # 2 – Buffalo, NY 14215 – (716) 427-6922