How to Choose from a Variety of Commercial Auto Insurance Companies
Business owners are busy people. So, price is often the fastest and seemingly easiest way to judge a commercial auto insurance company. While price is important, it’s far from the only consideration. Smart business owners need to look beyond low quality commercial truck insurance companies 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.
Comparing your policy with other commercial vehicle insurance companies
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 commercial auto insurance company respond to your request quickly?
- Does the commercial auto insurance company provide complete quotes, 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 commercial auto insurance company been offering business car insurance?
- How much insurance does the business car insurance company write?
Find out which commercial auto insurance companies offer a variety of billing options, such as:
- Flexible payment plans
- Pay by phone with a debit or credit card
- Payment online
- Automatic monthly deductions from your financial institution
- Does the commercial truck insurance 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?
Get quotes from at least three commercial auto insurance 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, low quality commercial truck insurance companies can become a problem when the time comes to file a claim.
Commercial vehicle insurance companies offer choices you’ll want
When shopping around for commercial auto insurance companies you’ll find
that the coverage and additional options available vary from company to
company. Most commercial auto insurance company 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 commercial vehicle insurance companies that offer additional endorsements, which can provide you with complete protection bundled in a convenient, affordable package. These include:
New Vehicle Replacement Cost Coverage
The business car insurance company will replace 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
The commercial vehicle insurance company 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
The commercial auto insurance company pays the unpaid loan or lease balance on a vehicle totaled in a crash.
The commercial auto insurance company covers towing of trucks, and increased coverage on cars for towing, jump starts and other minor roadside repairs.
The commercial auto insurance company pays for a rental vehicle while yours is in the shop.
Contact a Nationwide business insurance agent today, and learn why Nationwide should be the commercial auto insurance company that protects your business.
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*Products may be provided by Allied Insurance, a Nationwide company.