One of the many components that are used to help calculate the amount you pay for auto insurance is your zip code. More populated areas tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The information below rates the highest-priced areas in Texas for business use in which to buy car insurance. Arlington is listed at #15 with an annual cost of $1,658 for the average insurance policy, which is approximately $138 per month.
|Rank||City||Premium Per Year|
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Table data uses estimated as specific Arlington zip code can revise coverage rates noticeably.
The vehicle model needing coverage is a large factor when quoting the cheapest insurance for business use. Vehicles with higher performance characteristics, a lack of safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more economical and safe models. The next table ranks coverage costs for a number of the more affordable vehicles to insure in Texas.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$851|
|Ford Edge SE 2WD||$934|
|Ford Escape XLS 4WD||$950|
|Jeep Wrangler Sport 4WD 2-Dr||$957|
|Honda Civic VP 4-Dr Sedan||$1,038|
|Ford Explorer Eddie Bauer 2WD||$1,040|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,058|
|Nissan Rogue SL 2WD||$1,076|
|Chevrolet Equinox LTZ 2WD||$1,079|
|GMC Sierra SL Crew Cab 4WD||$1,086|
|Ford Fusion SEL 4-Dr Sedan||$1,079|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,088|
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Information does not factor in specific zip code location which can affect auto insurance rates significantly.
Looking at the data, we can tell that makes and models like the Honda CR-V, Ford Edge, Ford Escape, and Jeep Wrangler are some of the more affordable vehicles to insure for using your car for business. Auto insurance rates will tend to be higher because there is more claim exposure for business use, but overall those specific models will probably have the lowest insurance rates compared to other types of vehicles.
Selecting a high-quality car insurance provider can be challenging considering how many choices drivers have in Arlington. The company ratings shown next can help you pick which car insurance providers you want to consider when shopping insurance around for business use.
The rankings below only include companies with a national presence, so companies that may only write in Texas are not factored into the list. To compare rates from these and other competitive companies, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Discount Arlington insurance rates
Car insurance companies that offer coverage for business use may additionally offer rate discounts that can lower rates by 40% or more if you meet certain criteria. Companies and a selection of discounts are included below.
- The Hartford has savings for driver training, good student, bundle, vehicle fuel type, and defensive driver.
- American Family has discounts for multi-vehicle, Steer into Savings, early bird, defensive driver, mySafetyValet, good student, and bundled insurance.
- Progressive may have discounts that include good student, continuous coverage, multi-policy, online quote discount, and multi-vehicle.
- Travelers offers discounts for early quote, good student, save driver, IntelliDrive, student away at school, multi-car, and multi-policy.
- Farmers Insurance may include discounts for homeowner, distant student, multi-car, electronic funds transfer, business and professional, and alternative fuel.
- USAA offers discounts including good student, multi-vehicle, family discount, driver training, annual mileage, and safe driver.
- Liberty Mutual policyholders can earn discounts including newly married, multi-car, new graduate, hybrid vehicle, good student, newly retired, and teen driver discount.
The illustration below shows the difference between car insurance rates with and without some available policy discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, multiple vehicle, vehicle safety, claim-free, defensive driving course, and anti-theft discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on car insurance for business use is 28% or $771.
Rate difference between full and liability-only coverage
Buying cheaper car insurance is the goal of most vehicle owners, and an easy way to reduce the cost of insurance for business use is to only pay for liability coverage. The chart below shows the difference between car insurance costs with and without physical damage coverage. The premium estimates are based on no claims or driving citations, $100 deductibles, drivers are not married, and no other discounts are factored in.
If we average the cost for all age groups, physical damage coverage costs an extra $2,181 per year more than just buying liability insurance. That is a significant amount which raises the question when is the right time to remove full coverage. There is no written rule to exclude physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.