Low Cost Commercial Auto Insurance
Get a Quote and Save up to 40%!*
Get a Quote and Save up to 40%!*
So you’ve decided to go into business and have a brand new flower shop ready for orders. You decide to get two vans to deliver your amazing 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, and second your business could get buried if a driver gets into a major accident without the proper insurance. Let’s focus in on low cost commercial auto insurance so you can be safely covered and save some money at the same time.
Just like getting the right personal car insurance can be challenging, so can buying commercial insurance. The good news is most of the same strategies apply with each and many carriers offer both types of coverage. An important point to understand is you are not getting insured only for you or your family, but often multiple vehicles and the employees who will be driving them. Get an instant quote today with good to go insurance online.
When you apply for commercial coverage, you need to get the right liability limits, just like for personal insurance. The main difference in these two types of vehicle policies is the eligibility. If the automobile you are considering insuring is used for the purpose of commerce, i.e., conducting business activities, then you must buy commercial car insurance, this also applies to small businesses that are just starting up. Let’s say you have a small food delivery business with just one van. To protect yourself adequately, its needs to be covered with a commercial policy.
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. Just like in personal car insurance, the carrier will evaluate the risk of any driver that you are adding onto 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. On the other hand, a driver that is 25 or older 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 commercial license. These potential employees that have a CDL have already passed a rigorous exam and usually have a good history driving commercially.
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 to get 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 vehicle 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, then 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 having to pay the premiums to several different providers each month. The exception to this rule might be if you have one vehicle that transports hazardous materials. You should shop around for a separate price for this important policy and then also get a bundled quote to see what comes out cheaper.
Another way to save money on commercial insurance is to buy slightly used vehicles. Just like in a personal policy, the newer and more expensive automobile is going to 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 get will cause rates to fluctuate. 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.
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. Many companies like Progressive commercial insurance, have direct rates that are almost always lower than calling up an agent. If you need to get low cost commercial auto insurance, the best place to start is on-line by getting a quote. Sites like good to go insurance will give you multiple quotes to compare and also provide you with helpful tips on how to lower your coverage costs. Get started now and find your insurance solutions in just a few minutes.