Business Car Insurance: Negotiating Rates On Multiple Vehicles

If you use a vehicle for business, whether it is your own vehicle or the company’s, business car insurance is a necessity. Also called commercial car insurance, it is a type of coverage geared towards protecting a business asset and shielding its employees from liability. When getting car insurance for your business vehicles, keep in mind that you can have your policy customized to meet the unique needs of your enterprise. Multiple vehicle insurance is one of the ways a policy can be constructed to cover any business auto insurance need.

Comparison Shop

Naturally, you want to find the best deal for your business auto insurance needs, so it is in the best interest of your business to shop around. Free quotes are available from just about every auto insurer. There will be some preliminary information to enter in, but since each policy is different, especially for business insurance, to get the most thorough service and feedback you will need to talk with a customer service representative. The early part of the process involves simply getting quotes. This way you will be able to weed out competitors whose prices are just too high. Once you settle on a company, they will undoubtedly contact you.

Negotiating Rates

If your company has multiple vehicles in use for business—even employees’ vehicles—you should negotiate for a discount. A business car insurance policy can be customized to fit your business’ needs. There are many ways to do this. Covering employees’ vehicles, uninsured motorists and multiple vehicles are a few examples. There is more to business car insurance than collision and comprehensive. The insurance company will work with you on this point because they want you as their customer, and many of them have policies designed to fit your situation. If you have multiple vehicles, the rate for each one should be less than if you were only insuring one car. With volume comes a discount. They should know this, and you should as well. Don’t request a ridiculous price for, say, 20 vehicles, but if you are reasonable, they will be too. Your business car insurance agent will work with you to get the best deal they can offer while meeting your specifications. If not, call a competitor and see what they can offer.

The bottom line if you need to cover multiple vehicles is getting the best rate you can from your business car insurance provider. You have the right to contact as many companies as you’d like to find the best deal. In fact, insurers will fight to keep you as a customer, so it works to your benefit to kindly inform them you will be checking with the competition. In business costs matter the most. For that reason you have some negotiating power when it comes to insuring multiple vehicles for your business.