How to Know Who Needs Commercial Auto Insurance

Your car is covered under your personal auto insurance policy. Every once in a while you use your car for tasks that could be considered business related. Do you need a commercial auto insurance policy? If you are questioning your coverage, you should look over your current auto insurance policy to determine if it is sufficient. You may need to obtain a commercial auto insurance policy.

Difficulty: Moderate

Instructions

1. Determine what you are using your vehicle for. Be realistic. If you don’t have the appropriate coverage for its use, you could be charged with misrepresentation.

2. Call your insurance agent to discuss your current auto policy. Your existing insurance policy may be sufficient. If it is not, you may be able to add additional coverage to your policy rather than switching to a new policy.

3. Conduct research and shop around. If it is necessary to change your auto insurance policy, make sure that you are getting the best rates and coverage for your commercial and personal needs. Even if you like your current insurance company and agent, researching other available options and rates is a good idea.

4. Evaluate your current policy versus the new information that you have discovered. If it is necessary to purchase a commercial auto insurance policy, you will need to gather information about your vehicle, the drivers that will be using the car, and how the car will be used.

5. Purchase a new commercial auto insurance policy or be confident in the policy that you already have. Knowing that you have the right coverage will help you relax behind the wheel.

Tips & Warnings

• Having all the information about your car and the drivers before you research quotes will help you get the best and most accurate information.
• Be realistic about what you are using your car for. Not having the appropriate coverage because you think you will save money isn’t a good idea.