The type of car you drive is a key factor in your estimated car insurance rate safe auto car insurance indianapolis in. Whether you drive a muscle car with a lot of horsepower or a low-profile car that is cheap to repair and rarely stolen will make a significant difference in your car insurance rates. And compared to a used minivan, a new Italian sports car will need more expensive repairs in the event of an accident. Independent agents in the Trusted Choice network who specialize in commercial coverage have a unique capability average cost for commercial auto insurance.
Fleet insurance is an option for businesses that will have a number of vehicles and drivers. The number of vehicles differs with each insurer and may depend on the class of vehicle. But, fleet insurance may be a less expensive alternative than individual, per vehicle policies. What is the Policy Definition of Commercial Use? Your personal auto policy will exclude coverage for commercial uses of your vehicle.
Deductibles - can your business afford part of the risk and maintain a high deductible? If so, your premiums will be lower. Safety and Anti-Theft Devices - alarms, GPS tracking, air bags, seat belts, and other such devices can significantly lower premiums. Insure U for Small Business Tips on Lowering Premiums Special Commercial Coverages and Considerations. Certain businesses must adhere to federal and state regulatory standards in the operations of their vehicles. For example, if your business will be hauling cargo interstate, there are specific Department of Transportation requirements for insurance that must be met. You will need to make sure you and your insurance professional have a thorough understanding of those requirements. Also, if you will be delivering or hauling for others or using other's equipment such as leased trailers or rental equipment, you will need hired or non-owned vehicle coverage. Who is the Insured? Make sure you know the insured. Sound simple? Maybe. But, all to often businesses set up a leasing company to lease equipment to the main company and the leasing company is the titled owner of the vehicles.