Comparison Shop For Cheap Company Car Insurance Quotes
Also called commercial auto insurance, car company insurance covers vehicles used for company functions exclusively. This includes not only the personal cars your staff drive to do business functions such as meeting prospects, moving products, transporting passengers, and visiting business websites. It also covers cars used by your business to transport or deliver goods to and from your location. This can be a huge benefit if you are a business owner since it can cut down on how much time your staff spends driving and reduces the risk of you being sued for damages to goods or individuals that you have delivered.
When you first start looking into getting a commercial auto insurance policy, you will want to make sure you are working with reputable and reliable business vehicle insurance companies. To begin with, you will need to make sure that the coverage you get meets the legal requirements for your state. Every state has different laws regarding what types of coverage you need. This means you have to be aware of what type of coverage is legal in your state and what type of coverage you need to legally drive your business vehicle.
When it comes to non-owned coverage, many company car insurance policies include non-owned coverage for employees and their personal vehicles. Non-owned coverage means that liability and injury coverage is only offered for vehicles that are owned by the company and that are driven by company employees. This means if you own a fleet of trucks and cars, but only use half of them for company business operations, you will not be covered for the vehicles that are not your company’s property. This means you will not be protected should one of your trucks be damaged in an accident. However, if you have non-owned coverage for all of the vehicles in your fleet, you can cover any injuries or damages to the vehicles that are company property, even if they were driven by employees of your company. However, you cannot insure the personal drivers of the vehicles.
For many business owners, personal use refers to business use. This means coverage can be tailored to the type of driving done by employees and the type of vehicles that are driven on company property. You cannot insure employees driving a personal car, but you can cover the personal driver of a company vehicle if it is driven on company business operations. The limit to this type of coverage is very specific, however, so you should talk to your insurance agent about what your personal needs are for auto coverage.
When you look at a company vehicle policy, you may find there are many different types of coverage available. In order to determine which of these options is best for your needs, you should consider how many drivers you cover on a regular basis. If you only employ one employee, the cost of company car insurance may be cheaper than adding two or more drivers. On the other hand, if you employ many drivers, you may want to check into the cost of adding additional drivers to your policy.
As you begin comparison shopping for company car insurance quotes, ask your insurance agent about the various discounts that may be available to you. These include senior drivers and college students who take a driver safety course. In addition, some insurance companies offer discounts to drivers who have completed a safe driver training course. It’s important to remember that the discounts that you may be eligible for differ from insurance company to insurance company, so it is critical to shop around before making your decision.
If you are a small company with a few drivers, you may be able to get cheap company car insurance quotes by taking advantage of your employer’s discount program. Most large companies allow their employees to enroll in a discount plan that offers them discounts on a number of different items, including company vehicle coverage. Ask your human resources representative about the different discounts your company offers for its drivers, such as safe driver discounts for new and veteran employees, as well as multi-car discounts for multiple car owners. You can save a substantial amount of money by taking advantage of all the discounts your employer offers.
If you currently own a leased vehicle, you can also get discount business car insurance quotes by comparing leasing to purchasing. Leasing a vehicle is like a loan, and like any other type of loan, the payments must be made on time in order to keep the car lease in force. Because leasing requires timely payments, many vehicle leasing companies offer extremely low rates to those who choose to buy instead of lease. However, if you do purchase a vehicle from a leasing company, it is in your best interest to compare leasing to purchase.