Are you considering GEICO for your commercial auto insurance? You may be wondering what kind of plans are available, and if they fit your business’s needs. Here, we take a look at their coverage options, as well as any additional discounts or benefits that come with choosing GEICO.
Overview of GEICO Commercial Auto Insurance.
GEICO offers comprehensive commercial auto insurance policies that cover damage to any vehicle used for business activities. The amount of coverage can be tailored based on the type of vehicles and the nature of the business operations. Coverage includes liability coverage, medical payments, collision protection, and uninsured or underinsured motorist protection.
Types of Coverages Offered
GEICO offers multiple types of coverages that go beyond the basics. These include physical damage protection, rental reimbursement, extended replacement cost coverage, towing and roadside assistance, gap coverage and more. With these added protections, you can ensure that any damage to your vehicles or costly repairs are taken care of. This allows you to keep your business operations running smoothly even in the event of an accident.
Discounts Available from GEICO Commercial Auto Insurance
GEICO offers several discounts on commercial auto insurance policies to help reduce the cost of coverage, including discounts for having anti-theft and safety devices installed in your vehicles. They also offer an industry-specific discount of up to 15% if you work in agriculture, construction, or transportation services. Additionally, customers can receive a 10% discount for insuring multiple vehicles on the same policy.
Claims Process and Claims Satisfaction Ratings
Satisfaction with GEICO’s commercial auto insurance claims process is high. According to an independent survey, customers ranked GEICO 8th out of 16 companies for its claims service. The survey also found that 92% of respondents were “very satisfied” or “satisfied” with the overall service they received from GEICO.
Tips to Determine the Right Coverage
When selecting the right insurance coverage for your business, it’s important to make sure your policy meets both state requirements and your own specific needs. Consider factors such as how many vehicles are in the fleet and how many drivers will be using them. Additionally, consider the type of job you require coverage for and what kind of protection is needed for each vehicle. Taking these considerations into account can help you select the best plan that is tailored to the needs of your particular business.
