5 Ways to Save on Commercial Auto Insurance 

Commercial auto insurance is essential if your business relies on vehicles for daily operations. The agents at All Insured Insurance Agency can provide tips on how you may save on commercial auto insurance.

How to Save on Commercial Auto Insurance

Consider the following strategies to help you reduce costs on commercial auto insurance:

1. Pay your premium in full. Your insurer may grant you a discount if you settle your commercial auto premium in a lump sum annually compared to paying monthly.
2. Get a commercial driver’s license. Your business may save more on commercial auto insurance if you or your employees have a commercial driver’s license.
3. Have a bundled or packaged policy. You may save on your commercial auto policy by bundling it with other business insurance products, such as general liability, property, or workers’ compensation.
4. Pay a higher deductible. A higher deductible amount may help reduce your premiums, but you may also have to pay more out of your own pocket once you file a claim.
5. Equip your vehicle with the latest safety features. You may qualify for lower premiums if your fleet has safety features. Cars with high safety ratings may also have lower premiums.

Why Is Commercial Auto Insurance Important?

A commercial auto insurance policy may protect business owners from significant losses if a business vehicle is damaged due to a covered risk, or if an employee causes damage to a person or property while operating a company car.

Inclusions may vary depending on the insurer, but it generally offers the following:

• Comprehensive coverage may pay for repair or replacement costs caused by fire, flood, theft or vandalism.

• Collision coverage may cover damage if your vehicle collides with another vehicle or property.

• Liability coverage may help cover your legal expenses if you’re held liable for your business’s vehicle causing third-party bodily injury or property damage.

• Uninsured/underinsured motorist coverage may help pay for medical expenses or repair costs if you’re hit by a driver with no insurance, insufficient coverage, or in a hit-and-run incident.

Where to Get Commercial Auto Insurance

Contact All Insured Insurance Agency now to learn more or get a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.