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    7 Steps to Get the Cheapest Car Insurance Quotes for Your Business

     7 Steps to Get the Cheapest Car Insurance Quotes for Your Business

    As the owner of a business, you know how expensive it can be to ensure your company vehicle. After all, if you get in an accident on the way to an important meeting, your company could lose thousands of dollars in revenue if you have to pay for the repairs to your car and miss the meeting altogether. Fortunately, there are several things you can do to get the cheapest car insurance quotes possible and make sure that your company doesn’t pay too much for its auto insurance policies. Here are seven steps you can take today to start saving money on car insurance quotes and protect your company’s bottom line.

    1) What are the Different Types of Coverage?

    These include collision, comprehensive, medical payments, and bodily injury liability. All four types of coverage are optional, but they should be selected if your auto insurance company offers them. The one exception is medical payments, which all drivers should have in case of an accident. What are Collision and Comprehensive Coverage? These two types of car insurance coverage cover damage that's not caused by collisions with other vehicles or objects. Collision coverage pays out in case you hit another vehicle or object while driving; comprehensive pays out when your car is damaged due to a non-collision incident such as vandalism or weather events like hailstorms.

    2) Do I Need Bodily Injury Liability?

    Bodily injury liability coverage is one of three main types of insurance you need to legally drive a car in most states. It covers damages and injuries you cause to others (or their property) while driving your vehicle. In most cases, it also includes legal defense costs incurred by you or your passengers due to an accident. If there’s any question about whether you need coverage, it’s probably best to have more rather than less because if another party files a claim against you, having sufficient bodily injury liability coverage can save your assets and keep your business running smoothly. You can request quotes online quickly and easily with Geico Auto Insurance Quote today!

    3) Will My Personal Auto Policy Cover Commercial Use?

    If you're driving your car as part of your work, chances are it is covered under a personal auto policy, but not always. Some policies include coverage for non-business use—you may have to pay extra to get coverage on top of that. Other types of auto insurance policies (like those from Progressive and GEICO) do not cover any business use at all. You'll have to buy special coverage if you want protection in those situations. If you aren't sure about whether or not your policy covers commercial use, be sure to ask when shopping around for quotes on a business insurance policy. Don't assume anything—not even that your personal car insurance applies when you’re using your vehicle as part of your job.

    4) Does My Business Need Umbrella Coverage?

    If you operate your business as a sole proprietorship, liability insurance is sufficient. But if you incorporate your business, own multiple businesses, or otherwise put personal assets at risk with your company—think real estate, equipment leases, and inventory—your personal assets may not be covered under standard liability policies. In these cases, umbrella coverage can give you extra financial protection by covering gaps in basic policies. For example, if someone sues your business for damages and wins a $1 million judgment against it, an umbrella policy might pick up where basic policy coverage leaves off. The good news is that most businesses don't need umbrella coverage; shop around to find out whether you do.

    5) Why Should I Have Garagekeeper's Legal Liability Coverage?

    Garage keeper's Legal Liability Coverage is often overlooked by small business owners who assume their regular home or car insurance will cover any damages that occur in their workplace. This isn't always true. A slip and fall accident at a business may fall under General Liability in your home insurance policy and not be covered at all, but because it occurred on your property, a Garagekeeper's policy could step in and provide coverage, leaving you with peace of mind. In some cases, you may even have legal liability issues that aren't on your property—if someone slips in your parking lot or gets hurt on your sidewalk, many policies don't extend off-premises coverage. Again, though, a Garagekeeper's policy could do so.

    6) How Much Should I Carry in Commercial Auto Liability Coverage?

    How much auto liability coverage should you carry? Ideally, you’ll want enough insurance so that if you get sued over an accident and lose, it won’t put your business in bankruptcy. You may be able to rely on a general liability policy for protection, but if not then you’ll need commercial auto insurance. A general liability policy typically only covers lawsuits arising from bodily injury or property damage incidents that happen at your place of business. It doesn’t cover accidents that occur while your employees are out on a job.

    7) What is Physical Damage Coverage?

    Physical damage coverage covers your vehicle in case of an accident, fire, hail, or flood. Physical damage also includes theft. For example, if someone steals your car and totals it in a wreck—or if your car is stolen and not recovered—your insurance company will reimburse you for what you paid initially for your vehicle. Without physical damage coverage, you would be responsible for paying out-of-pocket (and likely by selling off other assets) to replace your vehicle. Depending on how old or new your business vehicles are and how much they cost, physical damage coverage can be pretty costly. But there’s a way around that: cheap car insurance quotes!


    The truth is that you're better off knowing all of your options than letting one slip by. When it comes to getting cheap car insurance, you need to know what's out there before making a decision on which company you'll use. You might have different quotes from each, which means your first thought might not be your best choice. However, once you compare those quotes side-by-side and find out where they are similar and where they are different, it will be clear which one offers better value. So don't wait too long; start that quote comparison today! After all, finding an insurance policy that fits your specific needs doesn't happen overnight; in fact, with some companies (like Geico), it can take as long as 48 hours for them to process a request.

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