Though commercial auto insurance is a necessity for many businesses, it’s not very fun to squeeze into the annual budget. Fortunately, there are various ways to cut down coverage costs. Let’s take a look at three cost-saving tips that could benefit your business.
1. Multi-Policy Discount
If you buy several policies with the same insurance provider, you can often get a bundling discount. So getting commercial auto insurance with the same carrier that you already have your business insurance policy with is a good savings opportunity. Additionally, you may be able to save by insuring multiple vehicles under the same policy, depending on the insurance provider.
2. Keeping a Clean Record
Premiums are heavily based on risk, so it’s crucial to minimize your business’ risk. One great way to do this is to hire drivers with clean driving histories. Drivers with a proven track record are less likely to be involved in accidents than those with a several driving infractions in the recent past.
3. Vehicle Maintenance
Performing routine maintenance on your business’ vehicles keeps them in good shape, which reduces the risk that something could go wrong while on the road. Insurance providers recognize the benefits of a well-maintained fleet and may offer a discount if you keep quality records of the work.
Wondering how your business could save on commercial auto insurance? Ask your independent insurance agent for personalized advice today.
We’re here to help you save. Call Amistad Insurance Services at (919) 926-7166 for more information on Raleigh commercial auto insurance.