A deductible is the sum of money that you are required to pay from your own expenses if your vehicle gets damaged or is involved in an accident. In general, if you want to pay lower premiums, you can choose a higher deductible for your policy. However, you need to make sure that your business can afford having a higher deductible. Remember, accidents happen all the time.
Just like any other companies, you can get different types of discounts if you qualify for them. As a business owner with more than one vehicle to insure, the insurer sees you as someone who brings a lot of business for the company. Because of this, you need to play your cards right to get good discounts.
Some insurance companies give discounts to businesses that have been operating for more than three years. This is because experience gives business owners more knowledge about the proper management of their vehicles as well as training their drivers. Experience also lowers the risk of drivers and vehicles being involved in accidents. If your driver has a commercial driver’s license, this can also qualify you for another discount.
Paying in Full
If you have the money up front and you want to get a lower amount on your premium, you can choose to pay it all in full. That’s right, paying your premium in full can give you as much as 15% discount depending on the insurance company.
Multiple Policy Discounts
If you own private vehicles that you want to be insured, you can get a standard car insurance policy under the same insurer as your business vehicles. This can merit you a multiple policy discount that can lower the amount of the premium for the personal car insurance.
Hiring Good Drivers
When hiring driving for your business, you need to take a look at their driving records and make sure they are good drivers. Not only will you have peace of mind that they will do a good job out in the field, it can also get you some discounts on your business car insurance. Remember, the insurance company lowers the cost of average so long as the risk of getting into an accident is also lower.
Aside from getting good discounts, you also need to make sure that you choose the best insurance company for your coverage. At Sungate Insurance, our mission is to ensure that we protect our clients and offer them policies that they can afford. Learn more about our products and services by calling our agency at (407) 878-7979. You can also request for a free quote by CLICKING HERE.