Things You'll Need:
- Patience
- List or spreadsheet
-
Step 1
Make a list of which cars you'll be insuring and all relevant background information. Detail the makes and models. Know each car's current mileage and estimate how many miles you'd expect to put on the car during a year of commercial usage.
-
Step 2
Collect commercial insurance rate quotes from a variety of sources. Call insurers or visit their websites to receive quotes. For a personal touch, try visiting with an insurance agent to discuss your needs face to face.
-
Step 3
Ask for more than one quote from each company. To get a better idea of how an insurance company can meet your needs, ask for quotes on a variety of different coverage packages. Even if you're not planning to purchase a comprehensive package, you should at least be aware of what it entails and how different insurance policies might be able to benefit your company.
-
Step 4
Get similar quotes from every competitor. Keep a list or spreadsheet with each company's rate quotes for every type of coverage package. This will make it easier to directly compare what each company offers and which plans will strike the best balance between your needs and your budget.
-
Step 5
Consider factors other than price when comparing insurance policies. While larger, national insurance companies might be able to offer lower rate quotes, a smaller company can offer a more personal relationship. Price is one important factor when searching for commercial auto insurance, but you'll also want to be sure your insurance company is responsive to your individual business needs.
-
Step 6
Talk to other business owners to get feedback on potential insurers. Word of mouth might be the best way to get a fair and impartial view of an insurer. Their clever advertisement might portray them as a reliable and friendly company, but your fellow business owners might have had other experiences.
