In order to operate a motor vehicle, many local governments require that the licensed driver or the owner of the vehicle have insurance protection. Some of those types of auto insurance protection can be purchased by individuals.
Generally, the basic insurance required includes liability insurance. Liability insurance is minimum insurance that protects others from any damage that may be inflicted on others or their property by a vehicle owner. In addition, other types of coverage that may be packaged into the individual s insurance policy could include collision insurance, comprehensive insurance, towing package, etc.
Additionally, if a company owns a vehicle or a fleet of vehicles they will want to look into commercial auto insurance. Therefore, it is important to know what commercial auto insurance is and how to best shop for the best commercial auto insurance quote.
What Is Commercial Auto Insurance?
Commercial auto insurance is basically the same as private or individualized auto insurance. This simply means that commercial auto insurance consists of insurance that provides comprehensive coverage, covers against collision, provides medical payments and coverage for the vehicle if the accident involves an uninsured motorist.
The major difference between the two is the policy holder. Simply, the policy holder for a non-commercial auto insurance policy is generally an individual. Whereas, the policy holder for a commercial auto insurance policy holder is a business.
Additionally, depending on the policy, it is important to fully understand the policy that maybe in place or the policy that a business is looking to purchase. Specifically, the company or single proprietorship should discuss with the insurance agent what will be covered and what will not be covered.
In addition, it is important to note that an effective insurance agent will ask the prospective customer a number of questions. Those questions could include how the vehicle will be used, who the drivers will be, safety measures in place, any training for the drivers required, etc. All of these and other questions are designed to fit the customer with an appropriate policy and at the right cost.
Obtaining The Best Commercial Auto Insurance Quote
Also, it is important to pay for a quality insurance policy, but one does not want to pay any more than is absolutely necessary. Therefore, it is import to obtain a number of commercial auto insurance quotes.
These commercial auto insurance quotes can be obtained in a number of ways. Some of those ways include simply talking to an insurance agent whose company provides commercial auto insurance policies. Another way is to search the internet utilizing a search engine and searching on words such as commercial auto insurance or business vehicle insurance.
One other way of obtaining commercial auto insurance is by letting someone else do all the work on your behalf. This type of service utilizes a broker who will basically do all the searching for the appropriate company that meets the insurance needs of the business.