Enter Your ZIP Code

Getting good deals for business car insurance through group auto insurance


Business owners can now benefit from the new group auto insurance that many auto insurance companies offer. This is a business car insurance deal that ensures a win-win situation for all parties – the policyholder, the insurer, and its investors. So how do we know if our company qualifies for such a deal and what is in the deal that makes it a good business car insurance? 

Group auto insurance accommodates both big and small businesses as well as organizations and even different significant groups of people such as a cooperative, a club, a congregation, or even a vintage car drivers’ association. As long as the business is represented, your company can get business car insurance through a group auto insurance. Now, what makes it beneficial for the group and its members? 

When vehicles that are issued by the company are provided to employees for business purposes, each has business car insurance. The insurance policy is taken under the name of the business and is a lot cheaper than getting an auto insurance policy for each employee separately. Group auto insurance can ensure a cheaper rate since it is taken in bulk. Think of it as merchandise that you just bought at a wholesale price. Another benefit for the company is that with business car insurance like this, auto insurance companies make sure that they maintain a good relationship with you. So, they give the best coverage and even add some extended deals with the employees’ family members to make sure that they have your loyalty. With this type of business relationship, we can say that it is good for both parties. The company gets the best perk, and the auto insurance company has the benefit of getting more policyholders at once. 

How about for the employees? How can they get a good deal with business car insurance such as group auto insurance? Well, the most promising characteristic of it is that it does not force employees to be in the insurance. It becomes an option and not a requirement. If an employee wants to get business car insurance from another auto insurance company for his or her issued car because of personal preference, they can do so without any friction from management. Another is that, if they opted in, they can easily opt out of it. In terms of payment, group auto insurance does not follow a certain schedule that is to be followed by all the employees who opted in. It understands each employee’s possible financial dilemma and so they are given different payment terms. 

With the benefits explained, it is really much better to get good deals on business car insurance through group auto insurance.