The phrase
"personal auto" means a car or vehicle that is owned by an individual for their personal use. It is not used for business or commercial purposes.
Full definition
A few car insurance companies are starting to develop endorsements for
personal auto policies that, for an additional premium, will waive this exclusion.
For instance, many states allow insurers to consider age, sex and marital status in the rating of
personal auto coverage.
You may already be familiar with most types of commercial car insurance, as many have the same names used
in personal auto insurance coverages.
You can do one better than to just rely on your credit care
of personal auto insurance for coverage.
Commercial auto policies usually offer these coverage's, and they're normally not available
with personal auto policies.
This difference in risk factor is the main reason car insurance policies for commercial purposes differ
from personal auto policies.
Commercial vehicle policies,
like personal auto policies, are primarily designed to cover your liability risks and provide compensation for damage to your vehicle.
According to state law, motorists must maintain adequate levels of
personal auto liability insurance meeting state minimum requirements.
Thus they were able to make money buying
personal auto insurers, because the trend was likely to extend to more states.
For another, commercial auto policies have much higher liability limits than
standard personal auto coverage plans.
Responsible for leading and managing a high performing Team of 9 +
Personal Auto Claim Professionals in a dynamic, fast paced production environment.
In turn, insurers check the database when
pricing personal auto and property policies (including renters insurance).
Basic personal auto insurance is mandated by most states and provides you with some financial protection in case of an accident.
Check with your insurance and credit card companies prior to renting to determine coverage under your
existing personal auto policy or credit card.
As you probably know through
purchasing personal auto insurance for your cars at home, vehicles with higher values tend to cost more to insure.
In general, vehicles used in work environments tend to have more exposure, making their insurance premiums more expensive than
typical personal auto policy premiums.
Let's highlight the differences and clear the air
about personal auto insurance policies and commercial vehicle insurance to properly determine which plan you need.
Most cards offer rental car coverage, but it almost always kicks in only after your
own personal auto insurance carries most of the weight.
And now, for a limited time, we are offering a $ 100 welcome gift on all
new personal auto policies.
Use the following resources to help you decide
whether personal auto insurance or commercial auto insurance is right for you.
Use our simple commercial
vs personal auto insurance tool to find out if you need commercial vehicle insurance.
Independent agencies partner with multiple carriers to find the
best personal auto insurance coverage for you at affordable rates.
Personal auto finance companies may consider student financial aid as income on a car loan application it the same manner as a credit card company would.
Unlike the majority of commercial auto insurance discounts that closely resemble discounts offered
towards personal auto insurance policies, the business experience discount is unique to commercial auto insurance.
Protect your car, van, pickup or SUV with assigned risk
type personal auto insurance coverage.
It is important to note that, rental auto insurance is taken for insurance on rented vehicles which is not always included
in personal auto insurance quotes and offers.
Commercial vehicle policies,
like personal auto policies, are primarily designed to cover your liability risks and provide compensation for damage to your vehicle.
Most states require some form of
personal auto liability coverage with provisions for protecting the covered policy holder from personal responsibility in the event of an at - fault accident.
Limits in commercial car insurance policies typically differ
from personal auto insurance limits in one major way.
This kind of coverage is particularly worth considering, because
standard personal auto insurance plans do not include provisions for loss of personal effects.
The company is a provider
of personal auto insurance (especially to preferred risks), motorcycle and personal umbrella plans.
Finally,
most personal auto policies do not provide a liability limit that is adequate for a business.
In turn, insurers check the database when
pricing personal auto and property policies (including renters insurance).
The bottom line is that the
typical personal auto insurance policies that car insurance companies offer to individuals don't provide enough coverage and have liability limits that are too inadequate for business use.
Use our simple commercial
vs personal auto insurance tool to find out if you need a commercial policy or not.
It is much more common to see personal effects protection offered as a rider or elective endorsement on a commercial policy than on a standard
personal auto policy, however.
Phrases with «personal auto»