Save Money on Long Beach Auto Insurance for Business Vehicles
From owning or leasing a handful of corporate cars to a fleet of large delivery trucks—and
everything in between—Long Beach auto insurance for business vehicles protects your
company from financial responsibility in the event of an accident. Without the proper type and
right amount of insurance coverage for your business vehicles, you can place your entire
business at risk.
There are many factors to consider when choosing the right Long Beach auto insurance for
business vehicles, and each should be discussed with your Long Beach insurance agent. Some of
the basic information that will determine your commercial insurance includes state
requirements, the number of vehicles, type of vehicles, number of drivers, type of drivers, the
value of the vehicles, the purpose of the vehicles, how often the vehicles are used, and the
value of your business.
If this seems like an overwhelming list, keep in mind that there are also many steps you can
take to reduce the cost of your Long Beach auto insurance for business vehicles. Some are
similar to your personal auto insurance and others are specifically related to your business.
Here are several factors that affect your premiums and what you can do to keep them as low as
Deductibles: Raising your deductible will lower your premiums, but be careful not to
select a deductible that is higher than your business can reasonably afford in the event
of an accident.
Safety and security: Alarms, GPS tracking, air bags, and parking vehicles in secure
locations can also lower premiums. For example, if you park all of your vehicles in a
fenced-in lot, many companies will see this as much safer than having employees taking
Drivers: The quality of your drivers is one of the main cost factors of your Long Beach
auto insurance for business vehicles. You probably already did a background check on
your drivers’ history during the hiring process but, if not, expect a thorough review of
their DMV records for accidents, DUIs, and other violations.
Prior insurance: Depending on the insurance company, you may also see savings by
maintaining continuous insurance coverage without any lapse.
Paying upfront: Many Long Beach business auto insurance companies offer a discount if
you pay the full amount of your policy all at once, which saves you administration and
Claims history: Not having a history of accidents and filing claims will also typically lower
your rates. The agency is taking a risk on your business, and will generally deem your
company a good risk if you have a track record of being safe.
Business experience: Some companies that offer Long Beach auto insurance for
business vehicles offer discounts if you’ve shown your company’s viability by being in
business for at least three years. You can also get discounts if your business has a history
of good credit.
Investing in driver training: Depending on the insurance company, you may receive a
discount by having drivers enroll in a driver safety course. In all cases, you will ultimately
save money when you pay for driver safety training because your drivers will likely have
fewer accidents—which means fewer claims and better rates.
Of course, the type of insurance matters as well. Do you just want to protect your fleet with
liability insurance, or do you want to consider collision or comprehensive insurance as well?
These are just a few of the many factors that will impact the cost of your Long Beach auto
insurance for business vehicles. Your ultimate goal is to obtain the most coverage while paying
the lowest premium, so your next step is meeting with a Long Beach insurance agent to review
Get a quote for Long Beach auto insurance for business vehicles today by visiting
www.KellyWilliamsIns.com or calling 562.498.8661.