If you or your employees drive vehicles for business-related matters, one of your chief concerns will be obtaining car insurance quotes. Whether you have a whole fleet of vehicles in use every day or only a single vehicle used occasionally, you must have commercial coverage to protect your employees and your assets.
Although you may think buying commercial auto insurance is no different from buying insurance for your personal vehicle, there are important differences. When it comes to making the most of car insurance quotes, there are a few things you must know, including that:
1. Auto insurance quotes for business must take into consideration state requirements;
2. Quotes for car insurance must strictly define what commercial use is;
3. And there are many factors that determine your commercial auto insurance rates.
Research state requirements before obtaining car insurance rates and quotesMake sure your auto insurance quotes include adequate coverage to meet state requirements--including those that are industry specific. In addition, consider adding more coverage than is required for assets that would be difficult to replace in the case of an accident.
Define what "commercial" is when getting automotive insurance quotesJust as your personal auto insurance will usually exclude coverage for business use, commercial auto policies exclude coverage for anything considered "personal." Be sure to let your agent know exactly how you or your employees will be using your business' vehicles to ensure you have appropriate coverage.
Know how to lower premiums when obtaining quotes for auto insuranceWhen getting quotes, know that many things affect the price you receive, including the location of your business, your employees' driving records, the type of vehicle being covered, how high your deductible is and whether you use anti-theft and safety devices. Be sure to mention such details to your agent, and ask what additional steps you may be able to take to get a better rate.
- One tip for lowering your commercial car insurance quote is to park your business vehicles in a garage; this can lower your automotive insurance rates and quotes by as much as 20 percent.