Choose the Right Car Insurance for Business

Business owners are busy people. So, price is often the fastest and seemingly easiest way to judge a business car insurance provider. While price is important, it’s far from the only consideration. Smart business owners need to look beyond the cheapest business car insurance and evaluate everything an insurer brings to the table: responsiveness of claims services, payment options that respect their schedules, coverage customized to fit their industry and the service an agent may or may not be able to provide.

What to compare on your business car insurance policy

Here are key factors to consider when selecting a business car insurance company, and the types of questions you should ask.

Fast and complete quotes

• Does the company respond to your request quickly?
• Is the business car insurance quote complete, with lots of options?
• Was it customized to reflect the needs unique to your business or industry?

Depth of knowledge

• Is the agent knowledgeable about different types of car insurance for businesses, endorsements and the amount of coverage you’ll need to minimize your risk?
• How long has the company been offering business car insurance?
• How much business car insurance does the company write?

Payment options

Find out if the company offers a variety of billing options, such as:

• Flexible payment plans
• Pay by phone with a debit or credit card
• Payment online or monthly
• Automatic deductions from your financial institution

Claims service

• Does the company offer claims services 24/7, with easy access to a live claims representative rather than a recording?
• How long does it usually take to assess damage and settle a claim?

Competitive rates

Get quotes from at least three companies, and make sure that you can compare the quotes point by point as to the type of coverage: what’s covered (and what’s not), deductibles, and more. While you want to pay as little as possible, cheap car insurance for business can become a problem when the time comes to file a claim.

Business car insurance choices you’ll want

When shopping around for business car insurance you’ll find that the coverage and additional options available vary from company to company. Most policies include basic auto liability, with options for comprehensive and collision coverage, and uninsured motorist insurance. Nationwide offers these and other options, including extra coverage at no charge in the event your airbag accidentally deploys, you become locked out of your car, or your windshield gets chipped or cracked.

Need more protection? You should look for car insurance for business use with additional endorsements that can provide you with complete protection bundled in a convenient, affordable package. These include:

New Vehicle Replacement Cost Coverage
Replaces your new vehicle if it’s in an accident resulting in a total loss without the costly deduction for depreciation.

Hired Auto Physical Damage with Loss of Use Coverage
Provides comprehensive or collision insurance for leased or rented vehicles, as well as additional contractual obligations to the rental or leasing company.

Auto Loan or Lease Coverage
Pays the unpaid loan or lease balance on a vehicle totaled in a crash.

Expanded Towing
Covers towing of trucks, and increased coverage on cars for towing, jump starts and other minor roadside repairs.

Rental Reimbursement
Pays for a rental vehicle while yours is in the shop.

Contact a Nationwide agent today, and learn why business car insurance is one of the easiest business decisions you can make today.