Blue Pearl
I have had an incredible experience with Harrison Insurance and Jennifer in particular. She is true professional and handles all questions and concerns in a timely and kind manner. I’m so glad I switched my auto and renters policy to Erie and Harrison insurance.
Blue Pearl
2024-04-06
Madisyn Massucci
Jennifer has been nothing but helpful and cooperative during our correspondence.
Madisyn Massucci
2024-03-26
Kayla Courtois
Fantastic customer service! Very knowledgeable, patient, and friendly. We were a new business starting up with absolutely NO clue what to do. Fred made the process very simple and got us the coverage we needed in a field that is hard to get coverage in!
Kayla Courtois
2024-03-22
Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
2022-12-27
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
2022-03-04
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
2022-01-11

How Much is Commercial Auto Insurance

Commercial Vehicles

How Much is Commercial Auto Insurance

If you own a business that requires the use of vehicles, whether it’s for deliveries, transporting goods, or providing services, you need commercial auto insurance. This type of insurance is specifically designed to protect your business from financial losses in case of accidents or damages involving your company vehicles.

But how much does it cost? In this article, we’ll explore the factors that affect the cost of commercial auto insurance and provide some tips on how to save money on your premiums.

What Is Commercial Auto Insurance?

Before we dive into the costs, let’s first define what it is. Commercial auto insurance is a type of insurance that covers vehicles used for business purposes. This can include cars, trucks, vans, and other types of vehicles.

It provides coverage for damages or injuries caused by your company vehicles, as well as any legal fees that may arise from these incidents. It also covers the cost of repairing or replacing your vehicles in case of accidents, theft, or vandalism.

Factors That Affect the Cost of Commercial Auto Insurance

Several factors can affect the cost of commercial auto insurance. These include:

  • Type of business: The type of business you have can affect the cost of your commercial auto insurance. For example, a construction company that uses heavy-duty trucks will have higher premiums compared to a consulting firm that uses sedans.
  • Number of vehicles: The more vehicles you have, the higher your premiums will be. This is because the more vehicles you have, the higher the risk of accidents or damages.
  • Driving history: Your driving history, as well as the driving history of your employees, can also affect the cost of your commercial auto insurance. If you or your employees have a history of accidents or traffic violations, you may have to pay higher premiums.
  • Coverage limits: The amount of coverage you choose for your commercial auto insurance will also affect the cost. The higher the coverage limits, the higher your premiums will be.
  • Deductible: The deductible is the amount you have to pay out of pocket before your insurance kicks in. A higher deductible can lower your premiums, but it also means you’ll have to pay more in case of an accident.
  • Location: The location of your business can also affect the cost of your commercial auto insurance. If you operate in an area with high traffic or a high crime rate, you may have to pay higher premiums.
  • Vehicle type: The type of vehicle you use for your business can also affect the cost of your insurance. A larger, more expensive vehicle will have higher premiums compared to a smaller, less expensive one.

Average Cost of Commercial Auto Insurance

The cost of this insurance can also vary depending on the state you operate in.

How to Save Money on Commercial Auto Insurance

Now that you have an idea of how much this insurance costs, let’s look at some ways you can save money on your premiums.

Bundle Your Policies

If you have multiple insurance policies for your business, such as general liability insurance or workers’ compensation insurance, consider bundling them with your commercial auto insurance. Many insurance providers offer discounts for bundling policies, which can help you save money on your premiums.

Improve Your Driving Record

As mentioned earlier, your driving record can affect the cost of your commercial auto insurance. If you or your employees have a history of accidents or traffic violations, consider taking a defensive driving course to improve your driving record. This can help lower your premiums.

Increase Your Deductible

As with any type of insurance, increasing your deductible can lower your premiums. However, make sure you can afford to pay the deductible in case of an accident.

Invest in Safety Features

Installing safety features on your vehicles, such as anti-theft devices, can help lower your premiums. These features can reduce the risk of theft or accidents, making you less of a liability to the insurance company.

Review Your Coverage Limits

Review your coverage limits and make sure you’re not paying for more coverage than you need. If you have older vehicles, you may not need as much coverage as you would for newer ones.

Consider Usage-Based Insurance

Some insurance providers offer usage-based insurance, where your premiums are based on how often and how far you drive. If your business doesn’t require a lot of driving, this can be a cost-effective option for you.

Talk to an Independent Insurance Agent

By working with an Independent Insurance Agent, you will have the ability to shop multiple coverages while still working with your agent. This is a great way to save money and get the coverage your business needs.

Conclusion

Commercial auto insurance is a necessary expense for businesses that use vehicles. The cost can vary depending on several factors, including the type of business, number of vehicles, and driving history. However, there are ways to save money on your premiums, such as bundling policies, and working with an independent agent.

By understanding the factors that affect the cost and implementing cost-saving strategies, you can ensure that your business is protected without breaking the bank.

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