As a business owner, one of the most important expenses you have is the cost of insuring your fleet of vehicles. Whether you have a small fleet of delivery trucks or a large fleet of company cars, the cost of commercial auto insurance can add up quickly.
However, there are several ways that you can save money on your commercial auto insurance in New York. Here are a few tips to help you get started:
- Shop around: It’s always a good idea to shop around and compare quotes from different insurance companies. Don’t just go with the first quote you receive – take the time to research and compare different policies to find the one that offers the best coverage at the most affordable price.
- Consider a group plan: If you have a large fleet, you may be able to save money by purchasing a group plan for your vehicles. Group plans often offer discounted rates for businesses with multiple vehicles.
- Implement safety measures: Insurance companies often offer discounts for businesses that take steps to ensure the safety of their vehicles and drivers. Consider installing GPS tracking systems, implementing a driver safety program, or requiring regular vehicle maintenance to help reduce the risk of accidents and lower your insurance costs.
- Bundle your policies: If you have multiple types of insurance, consider bundling them together with the same insurance company. Many insurance companies offer discounts for businesses that have multiple policies with them.
- Raise your deductible: If you are willing to take on more risk, you may be able to save money by raising your deductible. Just be sure to only raise your deductible if you have the financial resources to pay it in the event of an accident.
By following these tips, you can save money on your commercial auto insurance in New York and keep your fleet protected at the same time.
Don’t be afraid to negotiate with your insurance company or seek out discounts – the more you can save on your insurance, the more money you can put back into your business.
