4 Ways to Save Money on Commercial Auto Insurance

4 Ways to Save Money on Commercial Auto Insurance

Commercial auto insurance is a must when you are in business. Whether you have a single vehicle or an entire fleet, coverage must be in place. Premiums can be more than you ever expected, which is why it's important to know how to save money every step of the way. Follow these tips as a way of saving more money through the year.

Choose Safe Vehicles

One of the first things that you can do to save on commercial auto insurance in Florida is to choose safe vehicles for your fleet. Every year, various websites release reports on the safest vehicles. Whether you need pickup trucks, SUVs, minivans, or sedans, you can choose the ones that have won safety awards. This will make it easier for insurance companies to reward you with a lower premium – and provide you with peace of mind knowing that there are more features that will help to prevent vehicles and protect against injuries.

If you’re not sure of the best vehicle, look at two different makes and models. Then call an insurance company to find out which one would be cheaper to insure.

Train Drivers

You are going to have employees behind your commercial vehicles. Even though they may have a clean driving record and have a valid driver’s license, you cannot make assumptions. Train drivers on the vehicle that they are going to be driving. You may want to set up an obstacle course in your parking lot to show them how to be better defensive drivers. This can minimize the likelihood of them getting into an accident once they're out on the streets.

Similarly, you want to choose drivers based on their driving records. If you have an employee who wants to be a driver and they have a number of speeding tickets or have been involved in multiple accidents, you may not want them to drive one of your company vehicles.

Compare Rates

Take the time to compare rates between the different insurance companies. It doesn't matter how many vehicles you have – they should be bundled onto the same policy. Some insurance companies are going to be more affordable than others. As you compare, be sure that it is apples to apples. You want the same amount of coverage within every quote that you get in order to make accurate comparisons.

Work with an Agent

Finally, work with an independent insurance agent who specializes in commercial auto insurance. They will be able to guide you through the various steps to getting an affordable policy. They will get quotes on your behalf, help you with the comparisons, and show you which companies have more financial stability. They will even help you to save money by knowing about insider discounts, which can save you a significant amount of money over the course of the year.