All Posts tagged commercial auto insurance

Car Insurance Discounts You Might Not Expect

Car Insurance Discounts You Might Not Expect

Know what you may be paying for car insurance.

$762 a year is what the average American spends to insure their car. A lot of times, the rate you pay is based on where you live. Many could be paying less, but don’t realize they are eligible for several discounts that they weren’t aware of.

Here’s a list of average discounts per year for these factors.

  1. Low Annual Mileage – $84

If you drive 7,000; 10,000; or 12,500 miles per year, you may drive a small enough amount to be considered for a discount.

  1. Use of Car – $76

If you only use your car for farming, you’ll receive the greatest discount for this factor.  If your car has a specialized usage, be sure to tell your insurance agent and you may receive a discount.

  1. Renewing in Advance – $61

If you renew an average of 10 days before you would normally have to, many companies offer a discount for this too.

  1. Loyalty – $46

Been with your company for a while? Loyalty is rewarded in this industry.

  1. Owning a Home – $46

Being a home owner, apartment owner, or condo owner can save you some dough too.

  1. Bundling Life Insurance – $30

If you have a different type of insurance policy with the same company, this might earn you some savings as well.

  1. Automatic Withdrawal $30

Business love auto-pay.  This way they know payments have more of a likelihood of being paid on time.

  1. Short Commutes $30

Only go a short distance from home to work. This will earn you points!

  1. Sunday Driver? $30

If you don’t drive every day of the week, this is a big factor in rate assessment.

  1. Car Owner $30

If you own rather than lease, you could receive a discount too.

  1. College Grad $30

Believe it or not, college grads are less of a risk.

For all of your car insurance needs in Austin, Texas, contact the Insurance Agency of Dean Davis.


What Home-Based Business Owners Need To Know About Car Insurance

What Home-Based Business Owners Need To Know About Car Insurance

Finding the right commercial auto insurance policy for your Austin, TX home business.

More and more people are starting their own home-based businesses, helping to change the way that the business world runs. Before you decide to open your own business at your house, it is important to make sure that you know what it means for your insurance coverage. Keep these commercial auto insurance for home businesses considerations in mind to ensure that you have the right amount of protection.

Many home-based business owners assume that their existing car insurance policy will provide coverage when they are using their car for business purposes. No matter if you are making deliveries or visiting clients, your current auto insurance policy will most likely not be able to provide any type of protection in case you are in an accident.

In some cases, you may be able to add a rider onto your existing auto insurance policy to provide coverage while using your car for work. However, this is typically only the case if you make the occasional delivery or client visit. If your vehicle is a vital part of your business, such as if you run a shuttle service, you will need a specific commercial auto insurance policy.

If you are trying to sneak by without telling your insurance company about your home-based business, you may find yourself in even more trouble. If you make a claim to your personal auto insurance company and they find out that you were using your vehicle for business purposes, they may deny your claim, which can mean you will have to cover all of the damages out of your own pocket. They may also cancel your policy, leaving you without any type of coverage.

To ensure that you have the right commercial auto insurance policy for your home based business, contact the Insurance Agency of Dean Davis in Austin, Texas.


How Much Fleet Insurance Do You Need?

How Much Fleet Insurance Do You Need?

Commercial Auto Insurance Minimums

If you have any number of company vehicles, you need to invest in a commercial auto insurance policy, also known as a fleet insurance policy. Just like most states have a minimum amount of coverage required for your personal auto insurance, there is also a minimum amount of coverage needed for your commercial auto insurance policy. Investing in the minimum amount of coverage needed can help to ensure that you and your employees stay safe while on the road.

If you are only looking for the minimum amount of coverage for your company cars, you may have a hard time finding a policy. Many insurance providers will not write a policy that only covers the minimum amount because they take on an increased risk when insuring company cars. While you may have to pay a little extra for your commercial auto insurance policy, it simply means that you have added protection.

Unlike personal auto insurance policies, typical commercial auto insurance policies have a combined single limit. This means that instead of separating liability coverage into personal injury and property damage, it is combined into one limit. These coverage limits typically range from around $500,000 to millions of dollars.

The cost of a commercial auto insurance policy will depend on many factors, including how your vehicles are used and the nature of your business. One of the best ways to help save money on your rates is to compare policies. Working with an independent insurance agent will help to make the process of comparing policies much easier.

For all of your commercial insurance needs, contact the insurance professionals at the Insurance Agency of Dean Davis in Austin, Texas. As an independent insurance agency, we will work with you to ensure that you have the right amount of coverage, all at the right price.


Who needs commercial auto insurance?

Commercial auto insurance is a necessity if your business has even one employee driven vehicle. Making sure you have the proper insurance can save you thousands of dollars on accidents and possible insurance fraud.

If you are in need of a fleet insurance auto policy, you must have a company listed as the owner of all vehicles, whether it is a corporation or a sole proprietor. Fleet insurance may be used to insure hundreds of moving trucks your company owns, or the single vehicle that your company uses for the occasional delivery.

Most companies run into problems with their insurance agency when an accident happens while an employee whose name is not on the insurance policy is driving. Many insurance companies view allowing employees who are not listed on the insurance policy to a drive company vehicles as fraud.

Commercial auto insurance differs from personal auto insurance in that it does not cover items in the vehicle. If your company cars are full of company materials, such as tools or products, it is a good idea to also purchase liability insurance. Make sure to buy the proper amount of liability insurance to cover your vehicles in the event of damage, loss, or theft.

The easiest way to save money when purchasing commercial auto insurance is to hire drivers with clean, safe driving records. Having just one bad driver on your insurance can raise you premiums by as much as 10%. Many companies also offer discounts when GPS devices are installed in vehicles. GPS devices are a fairly cheap way to bring down insurance costs and it can also help you keep track of your drivers while they are out. Always make sure to update and change your policy as often as necessary to protect yourself from any potential problems.

The Insurance Agency of Dean Davis, based in Austin, Texas, offers commercial insurance for your company. They also offer home, auto, and life insurance policies to fit your lifestyle.