How Much are Car Insurance Quotes for a Company Car in San Diego?

One of the many considerations that are looked at to determine auto insurance rates is where you live in San Diego. Cities with more crime and/or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.

The next table rates the most expensive cities in California for a company car to purchase car insurance in. San Diego comes in at #21 having an annual price of $1,381 for the average policy, which is around $115 monthly.

How much does car insurance cost in San Diego, CA?
Rank City Annual Rate
1 Los Angeles $2,146
2 Glendale $2,142
3 San Francisco $1,763
4 Sacramento $1,720
5 Oakland $1,704
6 Stockton $1,603
7 San Bernardino $1,580
8 Long Beach $1,578
9 Moreno Valley $1,536
10 Santa Clarita $1,533
11 Garden Grove $1,524
12 Fontana $1,519
13 Santa Ana $1,497
14 Riverside $1,497
15 Modesto $1,487
16 Fresno $1,472
17 Anaheim $1,430
18 San Jose $1,423
19 Huntington Beach $1,416
20 Bakersfield $1,381
21 San Diego $1,381
22 Fremont $1,348
23 Chula Vista $1,337
24 Irvine $1,330
25 Oxnard $1,318
Compare Prices Now Go

Premium costs are estimated as specific San Diego zip code can revise premium rates considerably.

The vehicle you are insuring is a significant factor that determines if you can find economical car insurance for a company car. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models. The next table illustrates insurance prices for the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in San Diego, CA
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $837
Ford Escape XLS 2WD $846
Ford Explorer XLT 4WD $938
Chevrolet Equinox LT AWD $990
Jeep Wrangler Sport 4WD 2-Dr $992
Ford Focus SES 4-Dr Sedan $1,023
Honda Accord LX-P 4-Dr Sedan $1,028
Ford Edge Sport 2WD $1,042
Jeep Grand Cherokee SRT-8 4WD $1,061
Toyota Prius $1,070
Ford Fusion SEL 4-Dr Sedan $1,061
Chevrolet Silverado 3500HD LT Crew Cab 2WD $1,082
Honda Odyssey LX $1,125
Hyundai Sonata Limited 4-Dr Sedan $1,129
Nissan Altima 2.5 S 2-Dr Coupe $1,135
Toyota Camry Hybrid $1,129
Chevrolet Malibu LS $1,133
GMC Sierra SLE Regular Cab 2WD $1,139
Dodge Grand Caravan SE $1,150
Dodge Ram 2500 Mega Cab Laramie 2WD $1,181
Toyota Camry XLE $1,192
Volkswagen Jetta SE 4-Dr Sedan $1,214
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,222
Find Cheaper Rates Go

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in specific location information which can lower or raise premiums considerably.

Based on these rates, you can infer that cars like the Honda CR-V, Ford Escape, Ford Explorer, and Chevrolet Equinox are most likely to be a few of the most budget-friendly vehicles to insure for your employer’s vehicle.

The example below demonstrates how deductibles can raise or lower insurance premiums when trying to find cheap insurance for a company car. The information is based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

As shown above, a 30-year-old driver could lower their policy premium by $400 a year by switching from a $100 deductible to a $500 deductible, or save $604 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could possibly save as much as $888 or even more by choosing a larger deductible amount.

If you do decide to increase your deductibles, it is necessary to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Types of discounts on San Diego insurance rates

Auto insurance for your employer's vehicle in San Diego, CAInsurance providers that offer quotes for a company car could also offer policy discounts that can lower rates by as much as 25% or more if you meet certain criteria. A list of auto insurance companies and some of the discounts can be read below.

The chart below illustrates the comparison of insurance premiums with and without policy discounts. The data assumes a female driver, no tickets, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, multiple policy, safe-driver, defensive driving course, vehicle safety, and accident-free discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for a company car is 28% or $661.

Comparison of full coverage and liability-only policies

Saving money on auto insurance is probably important to most people, and one great way to find cheaper insurance for a company car is to not pay for full coverage. The information below shows the difference between premium costs with full coverage compared to only the California minimum liability coverage. The premiums are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.

As an average for all age groups, physical damage insurance costs an additional $3,147 per year more than insuring for liability only. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no clear-cut rule to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s say your vehicle’s book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying your deductible. If you are paying over $700 a year to have full coverage, then you might want to think about dropping full coverage.