Making Sure You Keep Your Commercial Auto Insurance Affordable

When you buy commercial auto insurance, you must pay for it. If you don’t, then you run the risk of letting your coverage lapse and going uninsured. This is a very harmful and expensive problem that no business wants to face. Instead, it is best to maintain your coverage, and there are still ways to ensure your coverage remains affordable at the same time. 

Your auto insurance agent is dedicated to helping you make your commercial auto insurance policy as affordable as possible. Just let us work with you one-on-one, and you can rest assured that you will receive optimized benefits in terms of both coverage and price.

Ask Us to Compare Your Policy Options  

There are numerous commercial auto insurance policies on the market today, and each will provide different benefits, combinations of coverage and prices, each of which might prove more advantageous to the policyholder. After all, to receive optimized benefits, you must make your coverage unique. 

By working with an independent insurance agent, you’ll be able to compare policy options offered by numerous insurance carriers. That way, you’ll be able to settle on the policy that offers you the best combination of coverage and price. Remember, even though two policies might look very similar, they might actually be priced quite differently.

Buy Only the Coverage You Need  

You might feel tempted to buy as much commercial auto insurance as possible. After all, the more you have, the better protected you will be, right? 

Not quite. All commercial auto insurance policies will place limits on what they will pay for any given loss. Therefore, there is a potential to create a scenario where you are paying for certain coverage which, due to the limits of your policy will not cover you. The cost therefore will far outweigh the benefits. 

For example, collision & comprehensive coverage will usually only pay a settlement based on a car’s actual cash value, which is its used value at the time of the crash. If you have this coverage on an older car that is not worth much money, then you could realistically be paying a premium on a plan that will provide very little financial support in case you file a claim.

Ask About Savings Opportunities 

No matter what commercial auto insurance policy that you choose to buy, you will often qualify for policy savings through discounts and other mechanisms. For example, you often can bundle your commercial auto coverage with other business insurance benefits like BOPS, general liability or commercial property insurance. Overall, your rates will usually be lower by taking this step. 

Plus, commercial auto insurers are happy to work with their clients to establish payment plans for most policies, and usually offer automatic payment and online payment options. Their goal is to make it easier for you to get the most out of your coverage without having to worry about how you're to pay for it.