Insure Company Vehicles with Affordable Car Insurance Rates

By: David Schneider, Car Insurance Expert
CheaperCarInsurance.com

For business owners who use company vehicles, buying fleet auto insurance is essential. Fleet insurance is much like personal auto insurance. It protects your vehicles and is available at affordable car insurance rates. Having fleet insurance provides peace of mind for instances such as:

• Damage
• Personal injury
• Theft

It is highly recommended to get more coverage for company vehicles than you would for your personal vehicle. This will prove wise in the event of an accident, especially in multi-party claims. An ideal amount of coverage to look into is somewhere between $500,000 and $1,000,000. This may seem pretty steep, but you can find affordable car insurance rates with this much coverage. It is still much cheaper to insure commercial vehicles than to insure personal cars with this much coverage.

How Can You Benefit With Fleet Insurance

Business owners who use multiple vehicles for business purposes can benefit in many ways by using fleet auto insurance.

• Numerous vehicles can all be covered under one policy
• Filing claims is uncomplicated and much quicker
• Fleet insurance offers coverage protection for commodities being transported

Some businesses use various types of vehicles and hence use different types of insurance policies. Why go through the hassle? Fleet insurance provides coverage for each vehicle with one policy at affordable car insurance rates.

Most fleet insurance companies additionally offer coverage for supplies being delivered or transported. Consider the loss of damaged supplies being carried by a company vehicle in the event of an accident. Business owners need to protect any products that are being transported. Fleet insurance provides coverage for such items along with the vehicles.

Fleet auto insurance doesn’t have to be just for business owners. If you are a car collector and drive multiple vehicles you could benefit from fleet auto insurance. You save more with affordable car insurance rates rather than using personal insurance for each car.

Considerations for Fleet Insurance

Requirements on fleet insurance vary from company to company; however companies do need to take into account certain factors:

• Number of vehicles to insure
• Types of vehicles being placed under the policy
• How old the vehicles are
• The condition of the vehicles
• Approximate mileage each vehicle has

All of these factors determine the rate you will pay as well as eligibility for fleet auto insurance. You should have at least three or more vehicles to insure to apply for fleet auto insurance.

Affordable Car Insurance Rates for Fleet Auto Insurance

As if saving with fleet auto insurance isn’t enough to benefit from, there are even more ways to get great affordable car insurance rates. Start by allowing only drivers with a decent driving record to use the company vehicles.

Set higher coverage deductibles to save on premiums, especially if the company can afford the claim. You may even want to consider doing without the collision damage component on the policy for vehicles over 10 years old. Of course, you can only do so as long as you own the vehicles that are being insured.

Furthermore, you may be able to obtain a discount for multiple accounts through the same insurance carrier. Check in with the insurance provider you use for your business to see if they will offer a quote to insure your vehicles. If they do, you could save as much as 20% on your premiums through affordable car insurance rates. If this isn’t an option, you can still save by comparing quotes for fleet auto insurance.

You can benefit greatly by using fleet auto insurance for your company vehicles. Rest assured that you are getting the coverage you need at affordable car insurance rates.

Posted: February 17, 2010