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How Auto Insurance Premiums Can Be Lowered For Commercial Vehicles

Thursday, September 2nd, 2010

Commercial vehicle owners pay more for their vehicles than most private individuals. However, it’s always possible to find lower auto insurance premiums, and this is especially true for commercial vehicles. By manipulating your insurance, looking for special discounts and taking the time to look at various quotes for your vehicles, you can greatly reduce the cost of your commercial vehicle insurance without putting your business at risk.

The first thing that you’ll need to do to get the best insurance quote possible is to assess your insurance needs accurately. This starts with figuring out how much coverage you’ll actually need. In general, it’s a good idea to opt for higher liability coverage for commercial insurance than you’d get for a private vehicle. This will raise quotes, but you can often push them back down by taking advantage of special insurance offers for commercial vehicles. For example, low mileage discounts are often easier to get with a commercial vehicle, or if you’re not planning on using the vehicle year-round, it may be possible to get seasonal insurance that automatically lowers coverage levels in your “off” season. It’s a good idea to talk to a trustworthy insurance agent to try to find special discounts, but realize that insurance discounts will vary between providers.

As with any type of vehicle, it’s helpful to get multiple insurance quotes on commercial vehicles to get the lowest possible auto insurance premiums. Looking at a few quotes (and taking the time to read through them) will help you understand some of the key differences between insurance for commercial vehicles and insurance for private vehicles. You can use online aggregate websites to look at several insurance quotes for your vehicles at the same time, but be sure that they’re specifically set up for commercial vehicles. Remember, looking at private insurance quotes won’t do you any good, so don’t waste your time. Look for accurate quotes from dependable websites, and be ready to call insurance agents from the companies that you’re considering if you have any questions at all.

Your auto insurance premiums will be much more manageable if you review them every six months or so and switch insurers when necessary. Business owners who have several company cars can also get special fleet vehicle programs from their insurance company, and there may be other special deals available to you. The important thing is to do research and ask agents for their best tips. You’ll be able to get a great commercial car insurance policy once you modify your policy to fit your needs, and that starts by knowing exactly what your options are.

3 Tips For Finding Low Auto Insurance Premiums Online

Wednesday, June 2nd, 2010

When you’re looking online for low auto insurance premiums, there are a lot of different things to consider. You don’t want to just start spamming every company and insurance site with your information, hoping to come across one or two places with dirt-cheap insurance. Low insurance means getting a good rate for everything you’re offered, and that may not necessarily mean the cheapest rate you can find. Instead, it might mean paying a good rate for a lot of coverage – just don’t pay for things you won’t be using.

There are three important tips to pay close attention to when it comes to seeing success with your auto insurance quote search. First, don’t pay for optional coverage just because it’s inexpensive. If you won’t be using the coverage, if it’s duplicate coverage (roadside assistance when your car’s warranty already provides that, for example), or if it’s something that’s overpriced, skip it. Don’t let your insurance company’s agent talk you into something that you really don’t need. You don’t have to succumb to the pressure of a sales pitch.

Second, shop around. You don’t have to choose the insurance company your friends all use, the one your mom recommends, or the one with the flashiest website or the cutest TV commercials. Those flashy things cost money, and the people who use that company may have very different circumstances than you do. Consider your own circumstances and insurance issues rather than relying on someone else’s opinion of what company you should use. You’re the only one who knows what you really need and want from an insurance company. Sticking to your own game plan will help you get low auto insurance premiums and save money while still making sure that you’re well-covered if you get in an accident or if your vehicle gets stolen or vandalized.

Lastly, when you get an auto insurance quote, be sure you know what you’re comparing. You want to compare apples to apples, not apples to oranges. In other words, if you compare $50,000 worth of coverage from one company with $35,000 worth of coverage from another company, you can’t be sure which one is the best deal based on the prices you’re quoted.

You have to compare equal information if you’re going to be able to make a good decision as to which insurance company is the best one for you. When you set out to compare online quotes, know what kind of coverage you use and what you want for service and price. Then you can check with several companies and see what they have to offer you. The one that’s closest to what you’re looking for should be the right choice.

Why Auto Insurance Rates are Dropping

Friday, August 21st, 2009

According to statistics gathered by’s RateWatch for Car Insurance, auto insurance rates are down across the United States. In some states, the drop is dramatic: average annual premium decreases of nearly 30% have been reported in Vermont, Maine, Wisconsin, and Iowa. Decreases of around 20% have occurred in South Dakota, New England, Illinois, and Tennessee.

Most states are seeing a more modest decrease in auto insurance premiums, between 1 and 5%. So, what accounts for the dramatic decrease in costs being seen nationwide?

With the recession causing hundreds of thousands of workers to lose their jobs in the past two years, many people are cutting expenses wherever they can, and auto insurance is one that can decrease a family’s expenses by hundreds of dollars a month. It is estimated that by 2010, 1 in 6 drivers will be driving without auto insurance.

Insurance companies are responding to this change in the market by decreasing rates in order to retain drivers. More people are shopping around online to find cheaper auto insurance quotes, and insurance companies are hoping that people realize the importance of car insurance and will continue to pay for insurance if they can get a good rate.

In some areas of the country, auto insurance rates have decreased recently as a result of new legislation in addition to economic factors. In California, insurance commissioner John Garamendi passed a statute which requires insurance companies to base premiums on drivers’ records and miles driven rather than on their zip code.

A spokesman for State Farm Insurance has cited yet another reason for the current decrease in rates: claims are down. “Whether it’s because of the aging population, better law enforcement, safer cars or some other reason,” said Bill Sirola, “our projections of what we were going to have to pay in losses are just not coming true.”

Regardless of the reasons for decreasing auto insurance premiums, the situation is good for consumers, and there are several compelling reasons not to drive without insurance. Most notably, uninsured drivers can end up hundreds of thousands of dollars in debt if they are found at fault in a serious accident resulting in destruction of vehicles and injury.

Even if accidents are avoided altogether, driving without insurance is illegal in all 50 states, and penalties for offenders are steep. A citation for driving without insurance will also result in dramatically increased insurance rates in the future.

Auto insurance rates are dropping due to a number of factors, and it is now easier than ever to shop for an auto insurance quote online. It is worth the trouble to find an affordable rate rather than canceling auto insurance altogether.

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