Car insurance costs continue to rise. According to a report from Bankrate, average premiums for full coverage auto insurance hit $2,543 in 2024, a 26% increase from 2023. ; Unsurprisingly, drivers across the U.S. are looking for ways to save. Nearly half (49%) of auto insurance customers are actively shopping for a new plan, according to J.D. Power. ; Full coverage car insurance combines three kinds of coverage and is usually required if you lease or finance your car.
Commercial auto insurance protects your business's vehicles. Get a customized commercial insurance quote for your cars, vans, pickups, trucks and more.
Commercial insurance, or business insurance, is coverage purchased by businesses to protect them from the costs of unexpected events during normal operations.
Commercial auto insurance offers a different type of coverage compared to personal auto insurance. It is essential to select an insurance provider that has the options that you m
Here’s a guide on commercial vehicle insurance in India and how one can save their hard-earned money by investing in the commercial car insurance policy.
Understanding the Ins and Outs of Commercial Vehicle Insurance If you're a business owner, you know that commercial vehicles are essential to your operations. Whether you're delivering goods to cus...
Get the right policy to protect your business. We researched the best commercial auto insurance based on convenience, cost, and more.
Goods carrying vehicle insurance, also known as commercial vehicle insurance, is an important part of protecting the people and the goods in your business’ vehicles from potential financial loss if...
Explore some ways to reduce commercial truck insurance costs without compromising coverage. Here’s how to save money while safeguarding your business!
Recruit Safe Drivers for Your Business ; Autos have become more expensive to insure and repair. Newer vehicles are outfitted with advanced materials and technology designed to make driving more comfortable and safer. When these vehicles are involved in an accident, costs can be high, and labor shortages and inflation have only exacerbated the issue. In fact, motor vehicle parts and equipment costs have increased almost 24% since September 2019.5 Meanwhile, used car prices are still up almost 47.9% in 2023 compared to the average from 2015 to 2019, despite recent softening.6 This directly impacts the cost of claims in the event of a total loss. Finally, rising auto thefts are further contributing to increased claim costs. ; The use of third-party carriers is on the rise, thanks to the explosion of global ecommerce shipping, supply chain complexity and cost optimization. However, businesses that rely on third-party carriers could face litigation if the motor carrier is involved in an auto accident and lacks adequate liability coverage. Additionally, increasing attorney involvement means plaintiffs and their legal counsel may seek higher damage amounts by alleging that the business was negligent in hiring the third-party transportation provider or was engaged in direct oversight to the drivers.