Cars Cars

How To Get the Groups Car Insurance Rates

Introduction

Getting group insurance rates for your business can be a great way to save money in the area of insurance.  Groups car insurance gives great discounts by bundling several vehicles or drivers to one policy. This is a great way for a small business who has vehicles to get a good deal on coverage. Checking with groups car insurance companies can truly help you to gather group rates. Most of these companies require a policy on five or more vehicles. The savings can truly help the small business owner, so it is important to see if your business qualifies for this great savings.

Step 1

The first step is to gather information on the insurance companies that offer groups car insurance rates and packages. The best way to do this is to begin a search online. This way you will be able to compare the rates of several different insurance companies and what they offer so that you can make an informed decision on your group insurance plan. This is the easiest way to begin the insurance process and can save you a lot of time and effort in your process. You can even find websites that compare different rates for you and this is very helpful.

Step 2

Once you have narrowed down your insurance company choices, it is time to check the companies out. You will need to check your insurance company out with the Better Business Bureau to be sure that you are dealing with a legitimate company. The BBB will be able to let you know if there have been complaints with the company and what kind of rating that they have. This is also a great time to read customer reviews online. You can learn a lot about groups car insurance companies this way. If you see too many negative complaints, you may want to choose another company.

Step 3

Once you know that your insurance company is legitimate, it is time to start your negotiations. This is an important process of the insurance shopping because you want to secure the lowest groups car insurance rates possible. You can do this by talking with the manager of the company and letting them know your business information and what type of coverage and rates that you are looking for. They can help lock in a group rate for you that can truly save you hundreds of dollars on your car insurance rates. This is worth the time and effort that it takes to find a company.

Step 4

You can often setup a groups car insurance policy by contracting with your insurance company. They can give you lower rates if you sign a term contract that locks you in as a client for a set number of years. The longer the contract period, the greater the savings you will reap. If you don't fear commitment, this can be a great way to save money and make sure that your low rates are locked in for the term of the contract. There are drawbacks to this, such as, you will not be able to get out of the contract without a large fee being tacked onto what you owe. This is a great way to save money if the traditional methods of ensuring a group rate do not work.

Step 5

Once you have gotten your insurance policy approved as a groups car insurance policy, it is very important that you read the fine print before you sign. You want to make sure that you understand all of the exclusions and limitations of your policy. You dont want any nasty surprises when you need coverage the most. Checking into your policy well before you sign can save you a lot of hassles and frustrations. So many people neglect this step and deeply regret it once they need to submit a claim and find out they are not covered.

Tips

  • Research insurance groups that offer groups car insurance rates.
  • Ask for a group rate.
  • Sign a term contract to lock in your savings.
  • Read the fine print and know your exclusions and limitations.

Sources and Citations

www.statefarm.com

 

By David Scott, published at 03/21/2012
   Rating: 4/5 (11 votes)
How To Get the Groups Car Insurance Rates. 4 of 5 based on 11 votes.

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