Commercial vehicle insurance forms a major chunk of the expenses that your business undertakes; therefore, the question that arises is “how to reduce your commercial insurance costs?” Seeking ways for reducing the cost of commercial vehicle insurance can result in immense savings. Many insurance companies offer money-saving commercial vehicle insurance discounts for umpteen businesses. Moreover, they always strive to make insurance affordable and provide quotes that fit optimally with your budget.
If your business is seasonal in nature, you may be able to save large sums of money by opting for a seasonal insurance policy. Besides assisting in reducing costs, it eliminates breaks with regard to your coverage.
Many insurance companies offer exclusive discounts for commercial vehicle owners. Depending on the type of your business, you could be eligible for multiple discounts. Qualifying for just one of the many commercial vehicle insurance discounts could potentially save you as much as 5% on your insurance costs.
Tips to Save Money on Commercial Vehicle Insurance Costs
Besides making optimum usage of commercial vehicle discounts, you can cut down on costs related to commercial vehicle insurance through numerous other ways. Choose those insurance companies that optimally fit the needs of your business and the budget that you have prepared with regard to commercial vehicle insurance.
(1) Increase your Commercial Insurance Deductibles
If you choose high commercial insurance deductibles, you will end up paying much less for your commercial insurance. Ensure that you opt for a commercial vehicle insurance deductible that you can afford to pay just about any time, in the event of any accident.
(2) Make Payments with regard to your Insurance in Full
By paying your complete vehicle insurance premium in an upfront manner, you will be able to save up to 15% with Paid-in-Full discounts.
(3) Pay through Electronic Funds Transfer
Some insurance companies allow individuals to make payments through EFT or Electronic Funds Transfer, especially for those who do not wish to pay their commercial vehicle insurance in full. With EFT, insurance companies generally waive off the general check-processing fee and carry out a deduction of your commercial vehicle payments directly from your checking account. This gives you the ability to focus on your business operations instead of paying your bills.
(4) Insure your Other Vehicles with the Same Insurance Company
If you insure your personal and commercial automobiles with the same insurance company, you will be eligible for receiving a multi-policy discount when it comes to your personal auto insurance.
For all your commercial vehicle insurance needs call Truck Insurance HQ for specialist service and advice, competitive quotes and friendly service. Call the office on 1300 815 344 or go online to request a quote.