If you have vehicles you use for your business; you need to hold a commercial auto insurance policy. With commercial auto insurance, there are things you can do that will help to lower your overall insurance premium and keep the costs of using vehicles affordable for your business.

1. Hire Employees With Good Driving Records

When you hire employees, you will want to look for employees who have good driving records. Your employees driving records will directly impact your insurance rates. You will want to run a Department of Motor Vehicle screening on your employees before allowing them to drive your vehicles. This will let you see their driving record and determine if they have a good enough driving record to drive for you.

2. Add Security Devices to Your Vehicles

You are also going to want to ensure that your vehicles are secure. You can do this by adding additional security devices to your vehicle. A security device such as an alarm and an engine immobilizer are two features that you can use to keep your vehicles secure and ensure that no one who shouldn't access your vehicles drives them. These features can also make it easier to prevent your vehicle from ever being stolen.

Be sure to share these security upgrades with your insurance company. They will use these security upgrades to help.

3. Keep Your Deductible High but Affordable 

Next, you need to increase the deductible you are paying for your coverage. Carrying a larger deductible will help to lower the premium rate you pay to carry coverage on your commercial vehicles. With a higher deductible, you will want to make sure that you always have that amount of money on hand to pay the deductible if you need to. This is a way to get your premium rates under control.

4. Get a No-Claims Bonus

Finally, you are going to want to ask your insurance company if they have a no-claims bonus. With a no-claims bonus, each year you make it through without filing a claim, you will get a bonus, which will essentially be used to help reduce your premium in the future. Find out if the company you want to work with has a no-claim bonus upfront before you start to work with them.

If you want to save money on your commercial auto insurance policy, you are going to want to hire employees with clean driving records, set your deductibles to a high yet affordable rate, add security devices to your vehicle, and ask about a no-claims bonus for your policy.