Getting the Cheapest Commercial Auto Insurance

Ewoka Elliat

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When it comes to getting the cheapest commercial auto insurance, there are many factors to consider. First, your driving history can play a big part in determining your premium. Even a small moving violation can significantly affect your rate. If possible, try to drive safely and maintain an accident-free driving record.

Progressive is the largest commercial auto insurer in the U.S.
In addition to its traditional commercial auto insurance policies, Progressive offers a unique usage-based insurance program, a pay-as-you-drive system, and discounts for safe driving. The company also offers tools to manage your fleet and offers fleet management policies for business customers.

Geico is another company offering auto insurance in the U.S. Its customer service is available around the clock, and the company offers a customer portal that lets you manage your policy online. Another major benefit is that Progressive offers a wide range of coverage options and is rated A+ by the Better Business Bureau.

Although it has several competitors, Progressive is the largest commercial auto insurer in the United States, with over $1.4 billion in direct written premiums. It is followed by Travelers, which is the second-largest insurance company. The commercial insurance industry consists of three major segments: liability insurance, business non-liability insurance, and commercial auto insurance.

Progressive also has high financial strength ratings. The company is rated A+ by the Better Business Bureau, S&P, and Moody's. However, its customer service ratings are behind other large insurers. In a recent survey conducted by J.D. Power, Progressive scored 856 out of 1,000.

Travelers also offers a unique rate pricing program through which its clients can lower their premiums by up to 20%. This program uses safe driving habits to calculate an insurer's rates. It has been shown to reduce annual insurance rates by as much as 20% for enrolled customers.

Farmers is a newer provider of commercial auto insurance
Farmers Insurance offers a variety of commercial car insurance policies that can be customized for the specific needs of your business. Policies typically include liability, personal injury, non-owned auto, and uninsured and underinsured motorist coverage. Farmers is also known for its customer service and can help you determine which coverages you may need in addition to the basic package.

Despite its relatively new arrival in the commercial auto insurance market, Farmers is a good insurance provider that offers a number of different coverage options and reasonable rates. The company has a long history of serving farmers and has grown into the seventh-largest insurer in the country. It employs almost 13,000 people and underwrites nearly 19 million policies in all 50 states.

However, Farmers does not have the best rates for drivers with a DUI. State Farm and Geico have lower rates for these drivers. Having a DUI on your record can increase your car insurance rate significantly. If you've had a DUI within the last five years, you can expect to see an average increase of about $600. This is lower than the average rate increase with State Farm and Geico.
 
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