The type of vehicle you are insuring is a large consideration when quoting affordable car insurance for business use. Vehicles with lower acceleration and performance, excellent safety ratings, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The data below showcases car insurance costs for the most affordable automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,118 |
| Toyota Prius | $1,211 |
| Ford F-150 STX Regular Cab 4WD | $1,225 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,315 |
| Ford Explorer Limited 4WD | $1,318 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,328 |
| Ford Focus SES 4-Dr Sedan | $1,337 |
| Ford Escape Limited 4WD | $1,361 |
| Jeep Grand Cherokee Limited 4WD | $1,387 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,394 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $1,410 |
| Nissan Rogue SL AWD | $1,456 |
| Ford Fusion SEL AWD 4-Dr Sedan | $1,477 |
| Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD | $1,485 |
| Dodge Ram 3500 Crew Cab SLT 2WD | $1,503 |
| Dodge Ram Crew Cab Sport 4WD | $1,505 |
| Ford Edge Limited AWD | $1,560 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,569 |
| Toyota RAV4 2WD | $1,588 |
| Chevrolet Malibu LTZ | $1,595 |
| Chevrolet Silverado LT Crew Cab 4WD | $1,588 |
| GMC Sierra SLT Crew Cab 2WD | $1,598 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,588 |
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in Stockton, CA location which can alter premiums considerably.
Looking at the rates, you can see that cars like the Honda CR-V, Toyota Prius, Ford F-150, Jeep Wrangler, and Ford Explorer are a few of the less-costly vehicles to insure for using your car for business. Car insurance rates will be more expensive just due to the fact that there is more exposure for business use, but generally speaking those specific models will tend to have the lowest insurance rates compared to other vehicles.
For using your car for business, one of the more important considerations that help determine the cost of insurance is where your car is garaged in Stockton. Areas with increased crime or more people likely pay more, whereas areas with less congestion have the benefit of cheaper auto insurance prices.
The illustration below rates the most expensive areas in California for business use to purchase auto insurance in. Stockton comes in at #8 with the annual price of $1,556 for the average policy, which is about $130 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,079 |
| 3 | San Francisco | $1,745 |
| 4 | Sacramento | $1,720 |
| 5 | Oakland | $1,704 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,610 |
| 8 | Stockton | $1,556 |
| 9 | Santa Clarita | $1,548 |
| 10 | Modesto | $1,547 |
| 11 | Moreno Valley | $1,536 |
| 12 | Fontana | $1,535 |
| 13 | Fresno | $1,517 |
| 14 | Garden Grove | $1,508 |
| 15 | Santa Ana | $1,497 |
| 16 | Riverside | $1,497 |
| 17 | Anaheim | $1,488 |
| 18 | San Jose | $1,437 |
| 19 | Fremont | $1,403 |
| 20 | Huntington Beach | $1,402 |
| 21 | Bakersfield | $1,394 |
| 22 | San Diego | $1,381 |
| 23 | Irvine | $1,330 |
| 24 | Oxnard | $1,318 |
| 25 | Chula Vista | $1,311 |
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Rate information is approximated as specific Stockton garaging address can decrease or increase price quotes noticeably.
Ratings for Stockton car insurance companies
Ending up with a high-quality company can be difficult considering how many companies there are in California. The ranking information listed below can help you pick which companies you want to consider when comparing rate quotes. The ratings below are for companies that insure vehicles nationwide, so companies with more of a regional focus will not be included in this list.
Top 10 Large Auto Insurance Providers in Stockton Ranked by Claims Service
- AAA of Southern California
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
Top 10 Large Auto Insurance Providers in Stockton Ranked by Value
- USAA
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
- Nationwide
Difference between liability only and full coverage rates
Lowering the price of car insurance is probably important to the majority of vehicle owners, and one of the best ways to find cheap insurance for business use is to only buy liability coverage. The illustration below shows the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no claims or violations, $100 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, physical damage coverage on your policy costs $2,525 per year over and above liability coverage. That is a significant amount which raises the question if physical damage coverage is worth the money. There is no set rule for excluding comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
There are some circumstances where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage in place.
Careless drivers pay higher rates
One of the best ways to maintain low car insurance premiums for using your car for business is to drive attentively and avoid tickets and accidents. The illustration below illustrates how violations and at-fault claims increase insurance prices for different ages of insureds. The data is based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
In the previous example, the average cost of a car insurance policy in Stockton per year with a clean driving record and no accidents is $1,909. Factor in one speeding ticket and the average cost increases to $2,166, an increase of $257 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of car insurance for business use jumps again to an average of $2,878. That’s an increase of $970, or $81 per month, just for being a careless driver!
How to find budget-friendly car insurance for business use
Here are many penny-pinching solutions that can help California drivers buy low-cost coverage.
- Avoid getting citations and tickets
- Higher comprehensive and collision coverage deductibles will save money
- Do not pay for comprehensive and collision coverage on older vehicles
- If possible, do not file small claims
- Avoid accidents and claims
- Shop around and save
The last idea is extremely necessary, as we emphasized in the article above. Rates change a lot, so don’t hesitate to change to a new company if a better rate can be found.
Being loyal to a particular company is commendable, but is isn’t recommended if that loyalty ends up costing hundreds of dollars a year. It takes less than five minutes to shop around and find cheaper insurance for business use in Stockton.