Commercial Auto Insurance

By Christopher B John

Commercial vehicle insurance is an important part of any individual or company that owns and operates a fleet of cars or trucks. Getting commercial vehicle insurance can become a challenge for the company that does not need another hefty bill. The good thing is that commercial vehicle insurance can be just like purchasing an individual policy while utilizing a few of the same tricks to ensure that you get a lower rate.

Using the internet to purchase insurance will usually yield the lowest vehicle insurance rates whether you are an individual or a company looking to insure several cars or trucks. This is because, quite simply, you are dealing directly with the company when shopping online, not an agent. When you deal with an agent there can be additional costs to cover compensating the agent for the sale. This is not true when dealing directly with the company. In fact, you can receive commercial vehicle insurance at close to wholesale prices. Receiving this lesser rate can especially mean big savings if you are purchasing a group policy.

Make sure to visit the website of several different insurance companies and receive several different online quotes. Getting multiple quotes will allow you to compare them together ensuring that you are getting the best deal possible for your desired level of coverage.

Purchasing commercial car insurance can be quite simple if you know where and how to look for it. The savings you can achieve can become quite significant when you make the decision to deal directly with the insurance company and purchase online. Continue Reading

By Edward Sneineh

Coverages Available in Commercial Auto Insurance

Business owners realize the importance of making sure that their business is well protected from all risks that can affect their businesses. A vehicle that is owned by the business may put the business in jeopardy of a lawsuit in the event of an accident if the accident is caused by that vehicle or its operators. The following are key points that business owners need to remember when shopping for commercial auto insurance.

Personal or Business Insurance: Take commercial auto coverage anytime the vehicle is titled in the name of the business, regardless of the size of car and regardless if the car is for doing business or pleasure. The titleholder of the vehicle (in this case it is the business) may be sued as a result of at fault accidents, bringing the entire business in a legal preceding. If the insurance coverage is not under the name of the business, then the business may have some issues related to the validity of the insurance coverage.

Liability Limits: Insurance companies offer different liability limits, from the basic limits mandated by law (in Illinois it is 20,000/40,000/15,000) to as high as one million dollar for every accident. A business that insures its commercial vehicles at the basic liability limits of ($20,000 bodily injury per person, $40,000 bodily injury per accident, and $15,000 property damage per accident) is certainly running in a big risk of losing its business assets in case of at fault accident involving their business autos with death or serious injury to others. High insurance limits are required to avoid losing business assets in case of auto accidents. Continue Reading

By Jerry Comminsa

If you have started your own business where you will be using trucks to make deliveries, than the first thing that should be in your head is that you need to get commercial truck insurance. Having a truck out on the road may be one of the most expensive assets in your company so you need to make sure you do everything you can to keep it protected and insured.

When it comes to get a quote for commercial insurance, it is always best to talk to a live person so you can make sure when you are comparing two policies you are comparing apples to apples. There are too many parts to a policy to get a quote just online and think something is covered when it is really not. One example to think about is gap insurance. That is a policy that coves the value of the truck compared to what is still owed on it.

Here is a look at some of the things to consider or that you will need in order to get an accurate quote.

1.What the truck will be used for. Depending what you are using the truck for is going to impact the price. Two identical types of trucks but used for different levels of risk will be assessed different prices.
2.Distance of travel. How often the truck is going to be used in addition to how far it is going to be traveling will impact the quote.
3.Driving History. Be prepared for the insurance company to look into the records of the drivers that will be using the trucks to look for previous tickets or accidents. Continue Reading