o Gather all important information on your car or truck. Have a copy of your previous insurance policy in hand. If you don’t have a current commercial auto insurance policy then please disregard.
Insurance companies will base your quote on a variety of factors, including what kind of car they’ll be agreeing to insure. Before trying to get an insurance quote, you’ll need to know the make, model and mileage of your car. These are all common factors in rating your commercial truck insurance needs.
o Decide how the car will be used and what you will be using it for. An insurance company will need to know how the car will be used before quoting out your type of risk. Figure out how many people will be using the car or truck and for what specific purposes.
How many drivers will be authorized to drive the vehicle? You should also have an estimation of the number of miles you expect the car to be driven within a year. If you go through a commercial auto insurance specialist then for hire trucks or vehicles will usually not need to disclose how many miles they travel on an annual basis.
o Talk to your brokers or to other drivers in your own industry it can help you to decide what kind of insurance coverage you’ll need for your vehicle. From basic collision insurance to full comprehensive, there are many different insurance plans designed to meet your needs.
Do some background research regarding what kind of coverage you’ll need before contacting a salesperson (who will most likely try and convince you to purchase more). Know that when dealing with salespeople you are not locked into a policy until you give them money or sign your application.
o Make a list of all of the insurance companies that sell commercial truck insurance. You’ll be able to choose from several different companies, both locally and nationally. Some insurance companies specialize in certain types of business and can offer greatly discounted prices depending on your type of business.
o Call each insurance company or insurance broker to ask for a quote on your commercial truck insurance. Customer-service operators will guide you through a process that should take no more than twenty minutes.
With the information you’ve compiled, you’ll be able to answer whatever questions they may have. With your information in hand it shouldn’t take longer than a couple of days to start getting quotes. Some companies can give you a quote right over the phone.
o Search for and find the official websites for different auto insurance companies. Since commercial auto insurance can be highly specialized, it might be difficult to get a complete quote online. However, you will be directed to brokers who can help you complete the quote process. Brokers in most cases can give you cheaper auto insurance rates than the companies themselves due to the deals that they have access to.
o Meet with commercial auto insurance agents or brokers. While it’s possible to get quotes over the phone and through websites, many business owners like the personal touch an independent insurance agent can offer. Most independent insurance agents will also be willing to come to you at your place of business making it easier on your time.
o Always shop around. No matter what you hear from a pushy salesperson, different companies will have different rates. Instead of settling on the first quote you receive, make an effort to see whether a better deal can be found by getting a quote from every competitor. In most cases, after receiving 4-5 quotes you will have a good feel for the price range for your particular risk.
By Marissa Oldman