by Administrator
17. April 2013 08:31
Commercial auto insurance is a necessity for any business that owns bulk vehicles. While it seems to be an unnecessary expense from a business owner’s point of view, the long-term financial benefits cannot be overlooked. The trick is to get an auto insurance policy that offers sufficient coverage within an affordable budget. The following tips guide you on how to save money on commercial auto insurance.
- Opt for a higher deductible- The amount of deductible you choose plays a key role in determining the annual premium on your auto insurance. Choosing a higher deductible means that you will have to pay a higher amount of money in case of an accident or any other insurance-related expenses. However, you can benefit from a lower annual premium, which means greater savings in the long run.
- Have a single insurance provider- It is advisable to choose a single insurance provider for all your insurance needs. Also opt for a joint policy for your personal auto insurance and commercial auto insurance. Most Austin-based auto insurance companies offer discounts to customers who opt for more multiple insurance schemes.
- Save on administration fees- Making a few modifications on your mode of payment can help to cut down on the administration fee on your commercial auto insurance, bringing down your overall insurance premium significantly. You can do this by paying the entire insurance amount in one go. Not only does this reduce the total amount paid on interest and administration fee, but some insurance companies in Austin, TX also offer up to 10% off to customers who pay the insurance fee in a single go. Another way to save on administration fee is by paying through EFT (Electronic Funds Transfer).
- Get quotes and research- Finally, as is the case with any other insurance plan, it is always a good idea to request quotes from various companies before settling for one. If you do not want to increase the deductible, you can explore other options like decreasing the collision or choosing a comprehensive coverage plan. A three-year policy for commercial vehicle insurance usually ends up being more affordable in the longer run as compared to annual ones.
Make sure that you have all the groundwork done before you apply for an insurance policy for commercial vehicles, right from claims history to driver records.
by Administrator
5. April 2013 06:51
Getting a good low-cost auto insurance policy is very important. However, you must keep in mind that whichever Auto Insurance company you choose in Temple, it must be trustworthy as well as competent in dealing with the customers. Read on to know what all things you must keep in mind while selecting the right insurance company in Temple Tx.
- Every state has its own department of insurance and all the information regarding it is available on the Internet. There are also relevant details about the number of complaints received by an auto insurance company. These are known as consumer complaint ratios. This is the right criterion for choosing an insurance company, so you must go through it carefully.
- You must opt for an insurer that has lowest premium quotes. This information is also easily found on the Internet and you must carefully scrutinize it. Accordingly, choose what you consider to be the best.
- Getting in touch with local shops is one of the best ways to sift out trustworthy insurers. Body shop managers are in regular contact with insurance adjusters and this is the reason why it is best to ask for their recommendations.
- You must determine what type of coverage you require and then make a comparison of auto insurance quotes of various companies. The main types of auto insurance coverage include: personal injury, liability and comprehensive coverage etc. among a host of others.
- All the insurance providers must be licensed by the state in which they sell their insurance policies. So, make sure that you are getting the insurance from a licensed company to avoid any legal hassles later on.
- In order to be sure that the auto insurance company you have chosen pays the claims on time, you must thoroughly check its financial stability. Check out the financial strength ratings on the websites of various companies such as Standard & Poors and Best etc.
- One of the other ways to find out about reliable auto insurance companies is to go by the ‘word-of-mouth’ publicity. However, you must bear in mind that someone who is giving you a positive review about a certain company must have similar auto insurance requirements as you. This is because what might appeal to them about a particular company; it might be completely useless for you. So, take your decision accordingly.
Keeping the above important pointers in mind will definitely get you the best auto insurance provider that settles the claims without any delays. Thorough research on your end will prove to be beneficial in the longer run.