How to Save on Commercial Auto Insurance in Arizona

You’ve poured your blood, sweat, and tears into making your Arizona business a true Grand Canyon State success. From marketing to logistics, you’ve covered it all, so why leave yourself vulnerable when it comes to commercial auto insurance? Commercial car coverage might seem unnecessary, but it is an important business investment. Thankfully, it is possible to find low-cost commercial vehicle insurance in Arizona. 

Unlike personal auto insurance, commercial insurance is designed for any vehicle used for business purposes. This type of coverage can cover physical damage, liability, or other vehicle-related accidents. For example, if your employee is driving a company vehicle and gets in an accident, your commercial auto insurance could help cover the cost of accident repairs. Commercial auto insurance was created to offer a wider network of coverage to address the unique needs of business vehicles. Even if you own a single business vehicle, using your car to carry out business activities could require commercial auto insurance. 

At Access Insurance Agency of Arizona, LLC. (Access), we always have your bottom line in mind and have found ways to help you get the low-cost commercial vehicle insurance you need!

Understanding commercial auto insurance Arizona

No matter if you live in Phoenix or Glendale, your business will need to comply with the specific state requirements of commercial auto insurance in Arizona. Failure to comply with state laws or underinsuring your company’s vehicles could lead to severe penalties, fines, and even jail time.  Remember, without the proper coverage your company could be left financially responsible in the wake of a work-related accident.

According to Arizona state law, commercial car insurance must cover all business-owned vehicles.  The minimum requirements for commercial car insurance are as follows:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $15,000 property damage liability per accident

However, it is important to note these are only the minimum requirements for commercial car insurance in Arizona. Your business's exact coverage needs will vary depending on your specific industry, location, and auto usage. 

In addition to the minimum liability coverage required, it can be useful to explore other coverage options typically included in a commercial policy:

• Collision coverage
• Comprehensive coverage
• Medical payment coverage
• Uninsured/underinsured motorist coverage

It is advisable to contact Access at 713-773-1680 to fully explore your commercial auto insurance options.

How much is commercial auto insurance in Arizona

Wondering about the cost of commercial auto insurance? The average cost of commercial auto insurance in Arizona ranges between $800 and $2,000 per vehicle per year. However, it is important to note that the actual cost of your business policy can vary greatly depending on specific factors such as:

• Number of vehicles - one vehicle will cost less to insure than an entire fleet.
• Drivers' records and experience - drivers with poor records may face higher premiums.
• Business location and operating radius - vehicles operating in more urban and heavily populated areas may cost more to insure.
• Type of business - normally, jobs that require more travel such as carpenters or contractors will be charged higher insurance rates. 
• Claims history and coverage limits - a prolific claims history and higher coverage limits will generally mean an increase in the cost of your policy.

Tips to save on commercial auto insurance

There are several strategies you can employ to save on your commercial car insurance coverage. Use the following tips to reduce your business auto insurance cost:

• Shop around - take the time to compare quotes from multiple insurers and don’t be afraid to enlist the help of a trusted agency such as Access. 
• Bundle policies - often by combining more than one policy for your business, e.g., bundling your commercial auto and general liability insurance you can be eligible for a discount.
• Maintain a clean driving record - it pays to be responsible behind the wheel! Many times, insurance companies will provide discounts to businesses with drivers who have clean records.
• Choose a higher deductible - opting for a higher deductible means you'll usually pay less in premiums. Nonetheless, be wary that if you need to file a claim, you could end up paying more out of pocket. 

Tips for improving and maintaining driver safety

Many businesses overlook the importance of driver safety to reduce their commercial auto insurance costs and lower their premium rates. Implementing a driver safety program can instill confidence in your team and may make you eligible for insurance discounts. Setting up a routine schedule of vehicle maintenance, upkeep, and optimization can also reduce your risk of rising insurance costs. Taking the time to choose reliable and safe vehicles can help you avoid claims and lower your overall insurance costs. Lastly, some insurance companies may be willing to offer discounts for paying your premium in full instead of monthly. 

How can I get cheap commercial auto insurance in Arizona?

Whether you are a general contractor in Goodyear or a yoga teacher in Mesa, if you use your vehicle for work you need to seek out commercial auto insurance. Finding the right coverage doesn’t need to be complicated or costly. Affordable auto insurance in Arizona exists, and the Access team is available to discuss your potential coverage discounts and savings. 

Contact Access Insurance Agency of Arizona, LLC., at 713-773-1680 or visit one of our stores located at:
Phoenix
Mesa
Goodyear
Glendale