Commercial Car Insurance

Commercial car insurance policies usually cater for the needs of the individual business, taking into account the type of car they are looking to insure, and what it is used for. They will reflect that the insurance needs of a courier car are going to be different to those of taxi, thus have special schemes for the many different trades which use cars for commercial purposes.

Commercial car insurance products, as with regular car insurance, offer a wide range of cover and payment plans, and their rates remain just as competitive. Commercial car insurance policies cover legal liability, fire and theft, and both malicious and accidental damage.

Given that motor insurance is determined according to the risk at which the car is regarded, commercial car insurance tends to be more expensive, but once again, this depends on the use of the car. Generally speaking, commercial cars are considered to be at greater risk as, on average, they tend to spend more time out on the roads therefore the chance of being involved in an accident is higher. Also, statistically, there is a higher chance of a commercial car getting broken into or stolen as many contain valuable goods/products. Once more, this depends on the trade for which the commercial car is used, and commercial car insurance providers will take this into an account. Also be aware that there is a general assumption that given commercial cars are owned by the company and not the driver, that it will be driven in a less cautious manner, thus increasing the cost of the insurance premium.

The usual ways of getting discounted insurance apply, such as insuring more than one vehicle, buying your policy online and having a good no claims’ bonus.