The main concern of any businessman is to keep his business running smoothly and making a profit. Factors that are capable of influencing the smooth running of a routing business include meeting brand requirements and ensuring that the business is well protected. Many companies offer commercial auto insurance that helps protect your business while saving time and money. The following tips will help independent route owners purchase auto insurance that will not only adequately protect their business, but also help them manage costs.

Tip 1 – Higher limits come with better protection

It is quite understandable that most independent route owners would love to keep their premium low, but the truth is that the most expensive policy is a policy that does not have enough coverage to protect a business when it is sued. Opting for viable auto insurance with higher limits is a good idea, especially when your business needs more protection.

Tip 2 – Hire drivers with a good driving record

Including employees with good driving records in the commercial auto insurance policy goes a long way in keeping a low premium. Therefore, it is important to check drivers’ driving records before employing them. When you hire a driver with a poor driving record, you’re not only increasing your premium, you’re also putting the future of your routing business at risk.

Tip 3 – Rental Reimbursement Coverage

When a business has one or a few vehicles, it is recommended that they opt for a commercial auto insurance policy that has rental reimbursement coverage. This type of policy will cover the cost of renting a replacement vehicle in the event that the company vehicle is damaged in an accident and is not on the road for some time as it needs to be taken in for repairs.

Tip 4: Higher deductibles come with a lower premium

Deductible refers to the amount of money that the owner of the route pays in the event of a loss before the insurance company pays the rest of the loss. The higher the deductible you want to pay, the lower your premium will be. Therefore, it is advisable to increase your deductible when buying affordable car insurance. However, the independent route owner should make sure to set their deductibles at amounts they can easily afford because claims can arise at any time.

Tip 5: Pay electronically

The advancement of technology has brought with it the payment of fees electronically. When you pay your insurance company via Electronic Funds Transfer, which withdraws your payment directly from your bank account, you may not be charged installment fees. Not only does this payment option save you some money, it also prevents you from missing a payment, which can lead to additional charges or cancellation of your insurance.