How-to Guide for Selecting Company Auto Insurance
If your business owns vehicles that are used solely for business purposes, you need to have a company auto insurance plan. Many businesses have supply trucks, company cars and delivery cars. Since these cars are owned by the company, the company needs to carry adequate insurance on the vehicles. Selecting company auto insurance can be completed online or through an insurance company representative.
- Contact your personal auto insurance carrier to find out if the company sells insurance policies for company vehicles. If so, work with your current company. It is easier to work with one company for all of your insurance needs; you may also get some discounts for having multiple lines of business with the same company.
- Ask your insurance company to refer you to another company that does offer auto insurance for companies, if your company does not sell it. Many companies can recommend someone in the field who can assist you.
- Get quotes from several auto insurance companies. You can get these quotes by contacting the company online, calling on the phone or stopping by a local office. To find an insurance company near you, search at MerchantCircle. This site will provide you will contact information as well as customer reviews. Be sure to let the company know you are looking for company auto insurance before getting a quote.
- Compare the quotes to find the company that offers you the most coverage for the least amount of money. You want to have comprehensive and collision coverage in case one of your company vehicles is involved in an accident. This coverage pays to have your vehicles repaired or replaced. You also need liability insurance to pay for damages caused to other property by one of your company vehicles. Having additional coverages such as towing and rental reimbursement are optional, but may be beneficial to your company.
- Choose the company that offers not only the best price, but also the best service. Since your business is your livelihood, it is important that you keep working even if one of your vehicles has been in an accident. Find an insurance company that can help keep your business running while filing a claim.