- Car Insurance for Business
- Commercial Auto Liability Insurance
- Mixing Business and Personal
- Getting the Best Quote
Decision Guide
Learn About Business Insurance
How to Get a Great Commercial Auto Insurance Quote
There are a lot of details an insurance agent needs to know when preparing a commercial vehicle insurance quote for your business. To make the most of your meeting, it’s smart to come prepared.
Helpful information for your business auto insurance quote
Your current commercial auto insurance policy
Bring a copy of the declaration page from your current commercial vehicle insurance policy. This gives the agent a starting point to determine what insurance you need, and how it can be customized to meet the specific needs of your business. If you currently don’t have business vehicle insurance, bring a copy of your personal auto insurance to use as a foundation for the new policy.
Information about your company
How your business uses the vehicle will impact the overall premium. You need to tell the agent if employees drive the vehicle, if the vehicle transports people or goods, if the vehicle is driven many miles everyday or if it sits parked most of the time. A credit report for you and the business will be reviewed to make sure you are financially solvent.
Vehicle details
Make a list of every vehicle to be insured on the commercial auto insurance policy, including the:
- Make
- Model
- Year
- Cost when new
- Gross vehicle weight (GVW), especially if the vehicle is a truck
- Current mileage
- Vehicle identification number (VIN)
Driver information
If you and your employees drive on behalf of the business – regardless of who owns the vehicles – you’ll need to provide a list of all drivers along with the following information for each person:
- Legal name
- Date of birth
- Social Security number
- Driver’s license number
The business vehicle insurance company will contact your state’s DMV and review driving records for all drivers. This information is kept confidential and may impact your premium or ability to get insurance.
Loss history
Provide information about any commercial auto insurance claims you have made in the past three years. If you’ve been without a serious loss in that time, your premiums may be less.
Contact a Nationwide agent today to learn how easy it is to establish a smart, affordable commercial auto insurance quote.
Ways to save money on business vehicle insurance
Most insurance carriers offer a variety of discounts that could save you big bucks in the long run. Consider these money-saving factors when you pursue a commercial auto insurance quote.
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- Discounts may be applied if your business has not filed a claim for a serious loss in at least three years.
- If you can provide proof of continuous insurance, i.e. the declarations page of your current policy, your premiums might be lower.
- Employees with a commercial driver’s license combined with years of accident-free experience might earn you additional savings.
- If all of your employees have completed a fleet safety course, you might also save.
- Safety features on vehicles such as side-impact air bags or anti-theft systems may help reduce your rates.
The bottom line
To make the most of your meeting with an agent, take some time to carefully prepare and be certain the information you furnish is accurate and correct. Otherwise, the business auto insurance quote may be subject to change.
