UPDATED: Mar 13, 2020
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As a small business owner, worrying about your commercial auto insurance should be the last thing on your mind. However, neglecting this important aspect of your business can hinder operations if you aren’t careful. After all, there are more than 15,000 traffic accidents each and every day – and if you don’t want one of them to get in the way of your bottom line, then you need reliable coverage.
It doesn’t matter if you’re insuring your own vehicle for commercial use, or looking for a policy to cover a full fleet of vehicles. There is affordable and comprehensive insurance available near you, whether for yourself or your employees. Yes, that’s right; if your employees are using their vehicles in order to work for you, and get into a wreck on the job, you could face financial liability.
Finding the right commercial auto insurance doesn’t have to be an impossible task. It may seem complicated on the surface, but with a little research and some help you can find what you’re looking for. Let us help you out.
What is commercial auto insurance?
If your business requires the use of a company car, truck, van, or several automobiles, then you should purchase commercial auto insurance policies for them. This applies for rented, leased, or own vehicles alike.
For many reasons, commercial auto insurance tends to be more comprehensive than most private auto insurance policies. For starters, many policies automatically include Liability, Property Damage, and Bodily Injury coverage. And it isn’t uncommon with commercial policies to also protect against fire, theft, vandalism, or severe weather damage.
Who generally purchases commercial auto insurance?
Any small business owner who uses a fleet of vehicles in order to conduct their everyday business will need to purchase commercial auto insurance. But, as we mentioned earlier, even if it’s just your own vehicle that you also drive for personal use sometimes, it might be better to carry commercial auto insurance for legal reasons (even if it is slightly more expensive).
These Commercial Insurance Companies Offer Lowest Prices In Your Area
Why buy commercial auto insurance?
Auto insurance is required for every vehicle according to state law. Since it is illegal to drive a vehicle uninsured, you could be risking serious legal consequences if you don’t have your commercial vehicles insured. Also, some state laws may require you to purchase commercial insurance as opposed to a less comprehensive policy. Be sure to consult with your local and state laws to make sure that you are complying with all regulations.
How Can You Lower Premium Costs?
Lowering your commercial auto insurance premiums is a fairly simple process. Discuss any or all of the following with your insurance agent to figure out what discounts you could receive for taking out a commercial vehicle insurance policy:
- Zip Code – Where is your business located? If you’re operating out of a secure location, especially one where you can park your commercial vehicle(s) in a locked garage at night, you may be eligible for a discount
- Employee Driving Record – make sure your drivers have good, clean records and apply for a safe driver discount
- Choice of Fleet Vehicles – The lowest premiums can be found with domestically-produced, mid-sized sedans
- High Deductible – if you have confidence in the safety of your drivers, try raising your deductible in order to lower your monthly premiums
- Safety Features and Theft Protection – make sure you invest in safe vehicles with high safety ratings. Also, if you can, try to install GPS tracking devices and/or passive anti-theft devices to protect against theft.
When searching for commercial vehicle insurance, taking your search online can get you substantially larger discounts in a fraction of the time. And with the help of us here at AutoInsuranceEZ.com, you can compare multiple quotes instantly. Plus, buying online can get you even more discounts!
Enter your zip code here and search for a free commercial auto insurance quote today.