If you are a business owner and have more than one vehicle in your business inventory, then it would be a wise decision to consider purchasing commercial auto insurance. Whereas general auto insurance is meant to protect the driver and the vehicle of the individual purchasing the insurance, commercial auto insurance goes one step further to protect the business owner as well. Many business owners obtain commercial auto coverage through their business owner’s policy (BOP). But you can take extra measures to protect your valuable business assets by extending this coverage through commercial auto insurance. Like every other business owner however you need to consider…is it worth the cost?
At the end of the day, insurance will always be “worth” the cost because with every policy you also purchase peace of mind. The advantage of purchasing commercial auto insurance above and beyond what your BOP will cover means that you as a business owner will have specific needs attended to, and as well you may put yourself in line for more discounts down the road for all of your insurance needs.
While individual auto insurance protects both the vehicle and the driver, commercial auto insurance goes a step further by protecting business owners against any losses that would not otherwise be covered by standard auto insurance. This means protection will occur when your employees drive vehicles that are owned by you. Some business owners allow employees to even take their cars home with them, and any losses or damage that may occur at your employees home, will be covered by your commercial auto insurance.
Commercial auto insurance is also beneficial to you as a business owner if company belongings are frequently kept in the vehicle, such as equipment, technology, or product used in your business. With a standard BOP, you may not have this additional protection. If for example your employee drives your commercial van home for the night, and this van is broken into and all of your product or equipment is stolen, you may be out thousands of dollars. Your BOP may protect you against some of that damage and loss, but comprehensive commercial auto insurance will be the best way to recoup those damages so that your business does not suffer.
One way that you can reduce commercial auto insurance is by making sure your employees that use company vehicles obtain a commercial drivers license. If you can show that your business is established and has profited for several years, you will also see discounts on commercial auto insurance. Like standard insurance, there are many ways to save on commercial auto insurance. Comparison shopping and knowing what you need will be the best way to ensure all of your needs are covered at a price you can afford.
About Defensive Driving
Defensive driving courses teach motorists principles and techniques that will make them safer and better drivers. It includes training to recognize dangerous situations and drills so that you know instinctively how to handle potentially catastrophic scenarios.
The classes don’t take too long—you can complete one in less than a week doing a couple hours a day. At the end of the course, you will get a certificate that represents a pretty big payoff.
In some places, you have the option of taking a defensive driving course, rather than getting points on your record for minor traffic violations. This in and of itself will save you a ton of money on auto insurance quote.
Some places even let you do this multiple times!
Ask the police or traffic court if this is an option for you. Usually, you have to do it right after you get the violation, not later. But there are some cases in which people have removed old violations by taking a defensive driving course.
It varies insurance provider to insurance provider, but most auto insurance companies offer a generous discount for people with defensive driving certificates. If you want a specific number, call your auto insurance provider and ask an agent.
You might even want to consider asking about this discount before you sign any auto insurance agreement next time you are looking.
If you can invest the time, it makes complete financial sense given that the defensive driving discount saves you a lot more than the class costs.
Online Defensive Driving Courses
Yup, you can take a defensive driving course at your own pace, on your own schedule, from your own home, right over the internet.
There are many benefits that come with taking a defensive driving course online:
• More convenient
• Don’t have to drive!
There are also some downsides:
• Limited by your internet connection. Long loading times mean it could take longer.
• You can’t ask questions and get answers.
• People don’t learn as well from the internet as they do in person.
Where to Find a Course
Your state department of motor vehicles or the police have to approve of the course. If the school is not accredited by the state, your defensive driving certificate will not be recognized. If you are going to go the online route, make sure that the site is recognized by your state.
Community colleges are a great place to find defensive driving classes.
Today’s family budget is tighter than it ever has been before as we are in the height of a global recession. When it comes to driving, the family budget is stretched even further if there is more than one driver in the family. Whether you are adding a teen driver to your budget this year, or even an elderly family member, we help you cut the costs to your family auto insurance budget with these handy tips. Follow these steps today and you could be saving money on your family auto insurance in just a few minutes!
more information here on this website
The first thing you need to save on auto insurance for the family is all of your family paperwork that pertains to driving. You will need the vehicle information, driver’s license, and insurance history for every driver in the family. These are the three most important factors that will determine the auto insurance quote for your family.
The best way to save money on auto insurance for the family is to comparison shop to see which insurance company can give you the best deal. The more drivers you have in your family the more time it may take, and the more expensive it will be. Insurance history and driving record are important variables in determining your quotes, so if you have drivers in the family that have no established driving record (such as a teenager), or have a driver in the family with a history of claims (such as an elderly member), then you may see some hikes in insurance, but there are ways around this.
Combining policies today is the easiest and least expensive way for families to save on auto insurance. You can do this a number of ways, you just need to find the insurance provider that is willing to work with you. If your family needs to carry home and life insurance as well, many insurance providers today are giving discounts to families that combine their policies with the same company. This lets you do all of your insurance shopping with one company, and keeps all of your information in one safe place. Many American families today are seeing budget cuts on their own bottom line by following just this method.
But there are more ways to save. If you have a driver with a history of claims or no insurance history, you can help them establish their insurance history by going on your own policy as a secondary driver. This cuts your insurance costs considerably as primary driver insurance will always be more expensive.
In addition to these types of discounts, you can also ask your potential insurers for other discounts such as good student discount, driver’s education discounts, and sometimes even no claims discounts. Every insurance company is different, but you will never know how easy it is to cut those auto insurance costs for the family if you don’t shop around. Search and compare different auto insurance companies to see which insurance company is most willing to meet the needs of your family!
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