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A commercial car insurance policy does cost more than a personal car insurance policy; however, it is still a good value because it covers multiple vehicles, multiple drivers per vehicle and the increased liability that a business can face.What are the benefits of commercial auto insurance?
4 Hidden Benefits of Commercial Auto Insurance Policy You Become a Better Credit Risk. Banks and lending institutions consider a variety of factors during the loan application process. ... Your Equipment is Covered Too. ... You Might Qualify for Better Lease Terms. ... Get More Customers. ... Understand the Benefits of Commercial Auto Insurance. ...Do I need a commercial auto insurance policy?
You need commercial auto insurance if you use your vehicle for work or own vehicles operated by a business. Commercial car insurance coverage isn’t just about big rigs. Commercial vehicles actually can include what you might consider “regular vehicles,” such as: Cars. Pickup trucks. Sports utility vehicles.