How is the price of professional auto insurance calculated?
Several criteria are taken into account so that insurers can offer you an adequate pricing:
The number and type of vehicles insured: the more vehicles you have, the more expensive professional coverage will be. Similarly, the more valuable the vehicle, the more expensive the insurance will be to offset the risk of theft or the estimated cost of parts in the event of repair.
Use of the insured vehicle (s): depending on the type of business activity of the business, the amount of insurance contributions will therefore vary depending on the risks incurred.
The age of the driver (s) as well as the seniority of their driving license: the younger a driver is or has recently obtained his license, the more a surcharge is likely to be applied.
The driving history of the insured: a high penalty (due to recent claims), an arrest while intoxicated, a termination of your professional auto insurance by a previous insurer or a cancellation of license are all criteria that will increase the cost of your professional auto coverage.
Other criteria, such as the type of parking and its location (the risks incurred being statistically lower in a closed box than outdoors or in the countryside than in the city, for example). These elements will also affect the amount of pro car insurance premiums.
The choice of insurer: organizations offering this type of coverage are absolutely free of their rates and their membership criteria. As companies do not apply all the same margins, we can only advise you to compare prices with others by requesting several quotes / using a comparator or by having you accompanied by an online broker. The latter will be able to direct you to the most advantageous proposals.
Cheap professional vehicle insurance: our 7 tips
Tip 1: Get quotes from several competing insurance companies and compare prices with equal guarantees. You can also use an online comparator to find the best deal.
Tip 2: If you have several cars, switch to fleet insurance: grouping your vehicles together in the same contract will make them easier to manage and allow you to benefit from advantages and discounts.
Tip 3: Negotiate the amount of deductibles. In the event of a claim, their amount will be due to the insurer. You will have to choose between a high deductible but lower contributions, or the other way around.
Tip 4: Confirm the amount and level of guarantees of the quote you are interested in with an online broker. Depending on your professional activity and your current coverages, you will be assured of being properly protected from the risks incurred.
Tip 5: Look for perks, discounts and discounts through partnerships. Some insurers may, for example, offer you a 10% reduction if you have not had a claim for 2 years, or a 15% discount on your technical inspection if you go to a partner center. As a broker, we have negotiated numerous discounts with our partner insurers.
Tip 6: Be aware of the different support services that are automatically included in most plans. They seem trivial at the time of subscription, but 0 km assistance or even the loan of a vehicle can allow you to save money in the event of a claim!
Tip 7: Keep your insurer informed of all changes affecting the level of risk so that you are always covered. At the same time, stay alert and regularly compare your contract with others tailored to your business needs by using an online comparator.
What are the essential guarantees for cheap pro car insurance?
Insurance companies generally offer several options, often 3:
1 - You must insure your vehicle at least to a third party. This is the basis imposed by law. A third party contract contains a Civil Liability guarantee which is used to cover material damage and bodily injury that the person responsible for the accident could cause to third parties.
2 - The intermediate formula (s), or extended third party, contain, in addition to the liability, additional guarantees. This may concern the risk of theft, fire, glass breakage or even climatic events.
In the event of an accident, certain damage will be covered by your insurance, always excluding bodily injury. This formula does not protect you - or your employees - while driving.
3 - The most complete formula is the all-risk or multi-risk formula. In addition to the guarantees listed above, it generally contains a bodily guarantee: the only protection for drivers
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