Purchasing Resources for Car Insurance Quotes

Making the Most of Car Insurance Quotes

Getting reliable and affordable commercial auto insurance quotes
By Kristina Seleshanko 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 quotes

Make 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.
Try: Insurance Information Institute offers information about mandatory insurance coverage by state. Allstate recommends coverage based on your liability needs; take their quiz to make sure you have proper coverage.

Define what "commercial" is when getting automotive insurance quotes

Just 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.
Try: Marsh offers a useful article on what commercial car insurance is, and whether or not you, as a business owner, need it. "Introduction to Commercial Auto Insurance" from the National Association of Insurance Commissioners is a must read for every business owner.

Know how to lower premiums when obtaining quotes for auto insurance

When 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.
Try: "Lowering the Cost of Auto Insurance," at Safeco Insurance Company of America provides a good overview of what factors affect your car insurance rates. Also, read "Ten Ways to Lower Your Car Insurance" at ForbesAutos.com.

• 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.