Low Cost Commercial Auto Insurance

So you’ve decided to go into business and have a brand new flower shop ready for delivery orders. You choose to buy two vans to deliver your fantastic flower collections. Before you make one stop, though, you need first to think about getting these vans insured. First of all, it is the law that all operated vehicles are covered. Second, your business could get buried in debt if a driver gets into a major accident without the proper insurance coverage. So let’s focus on low cost commercial auto insurance so you can safely insure your business vehicles and save some money at the same time.

Just like getting the right personal car insurance can be challenging, so can buying commercial automobile insurance. The good news is most of the same strategies apply with each type of coverage. With many carriers, they offer both types of coverage. Some even give bundled discounts if you have an umbrella policy covering both your business and personal vehicles. 

An important point to understand is you are not getting insured only for you or your family. Commercial auto insurance covered the employees who will be driving them. So having the right coverage matched with a quality insurer is a crucial decision you should not take lightly. Get an instant commercial vehicle quote today with good-to-go insurance online.

Commercial Automobile Insurance Coverage

When you apply for commercial coverage, you need to get the right liability limits, just like your personal insurance. The main difference between these two types of vehicle policies is the eligibility. Suppose the automobile you are considering insuring is used for commerce, i.e., conducting business activities. In that case, you must buy commercial car insurance. It also applies to small businesses that are just starting up.

For instance, let’s say you have a small food delivery business with only one van. To protect yourself financially in business, each vehicle needs to be covered with a commercial policy. Because there is always the chance of getting sued, it’s wise to get higher limits if a driver gets into an at-fault accident. For commercial vehicle coverage, you should get a  minimum of $100,000 in commercial automobile liability coverage for each vehicle you’re insuring. Overall it would be best if you insured your commercial fleet with minimum coverage limits of $500,000. To compare business car insurance, get a free online quote in about five minutes. Enter your zip code to start. 

The Best Low Cost Commercial Auto Insurance Providers 

Several national insurers provide cheap commercial auto insurance. The top recommended carriers are:  

• Nationwide
• Progressive
• Farmers
• Liberty Mutual
• Geico
• Auto-Owners
• Allstate

Hire Drivers with Good Driving Records to get Cheaper Rates 

One of the most important things you can do to get cheaper commercial coverage for your fleet of cars is to hire drivers who have a good driving record. Like in personal car insurance, the carrier will evaluate any driver’s risk that you are adding to the policy. This includes tickets, prior accidents, and flagrant violations like DUIs. 

If you are thinking about hiring a new employee, first check their most recent DMV record. If they have a bad driving history, they will cost you too much to insure. A driver that has a DUI will make it hard, if not impossible, to get a cheap commercial vehicle policy. Hire drivers with a clean record and save hundreds.   

On the other hand, a 25-year-old or older driver and is married with a good DMV report will get you a much cheaper rate. Another simple way to save is to hire drivers who already have their CDL – or driver’s commercial license. These potential employees with a CDL have already passed a rigorous exam and usually have an excellent history driving commercially.

Type of Automobile

Most insurers will have specific choices of coverage that depend on the type of vehicle being insured. For example, if you need to get a small compact auto insured or a small pick-up truck, you will need basic business car insurance. If you have larger vehicles, they will usually fall into different classifications. This could be for tow trucks, semis, dump trucks, and so on. If the car contains flammable gasses or chemicals, you will need more accurate and costly coverage.

If you have a type of business like construction, which has multiple automobile types, it might make sense to bundle all of these vehicles together under one policy. Bundling will almost always be cheaper and will reduce the hassle of paying the premiums to several different providers each month. The exception to this rule might be if you have one vehicle that transports hazardous materials. It would be best to shop around for a separate price for this crucial policy and then get a bundled quote to see what comes out cheaper.

Another way to save money on commercial insurance is to buy slightly used vehicles. Like in a personal policy, the newer and more expensive automobile will cost you more to insure. So let’s say you have a new moving business and are considering getting two trucks. 

Not only can you save tens of thousands buying nearly new ones, but you will get lower-cost coverage as well. Also, the type of automobile you purchase will cause rates to fluctuate. For example, will you be getting a full-sized truck, small pick-up, and so on? If you are starting out and starving for cash, buy used vehicles and get a cheap bundled policy.

Cheap Commercial Auto Insurance Online

Whether you need just 1 or 2 cars covered or have a large fleet of 10 or more vehicles, you can find some excellent deals online. In addition, many companies like Progressive commercial insurance have direct rates that are almost always lower than calling up an agent. So if you need to get low-cost commercial auto insurance, the best place to start is online by getting a quote. 

Sites like GoodtoGoInsurance will give you multiple quotes to compare and provide you with helpful tips on lowering your coverage costs. They can also get you discounts that can save you more. So get started now and find the best commercial coverage at the lowest possible rates. Start your online quote now and compare rates in minutes.