Insurance - Business owners what do you pay for insurance per year?

[mrj7500]

Insurance - Business owners what do you pay for insurance per year?


Thinking of starting a detail business, so I called my insurance agent to get a quote.

$1400 a year to cover cars up to 30K in value, if I would get a more expensive car I could increase coverage for one day at a time.

This would be a home based business (to start), so this is just coverage for customer's vehicles. Is this a good rate?

[Derrick]

Thinking of starting a detail business, so I called my insurance agent to get a quote.

$1400 a year to cover cars up to 30K in value, if I would get a more expensive car I could increase coverage for one day at a time.

This would be a home based business (to start), so this is just coverage for customer's vehicles. Is this a good rate?

That's expensive. That amount of money should cover a car that worth over a $100k, which is the kind of car you should desire to be detailing. Keep looking around and you should find a better rate.

Derrick

[C. Charles Hahn]

That's expensive. That amount of money should cover a car that worth over a $100k, which is the kind of car you should desire to be detailing. Keep looking around and you should find a better rate.

Derrick

Agreed. For coverage on a $30K car you shouldn't be paying anywhere near that for basic liability. What exact type of coverage are you having quoted?

[zackslapshot20]

I have a $1,000,000 umbrella policy that covers both the customers car and boat. Also any damage that happens as a result of an incident. (Up to $1,000,000 of course)

Rate- $350 every 3 months, $1400 a year. I have no idea who you are going through but that is out of the roof! Or maybe i got a smoking deal. I dont know

[coldfirejt]

I carry a "garage-keeper's" policy with $600,000 aggregate liability and $300,000 per incident. $80,000 limit per car. The policy costs about $1,200 per year and the limits can be increased at any time and then decreased again if I need them
to be.

[EliteImageDetailing]

if you don't mind me asking I'm currently looking for insurance, where did all you get yours from?
Thanks,
Alex

[BimmerFerret]

I got a quote for about $1,430 from my insurance company for a similar policy as the OP, so I'm shopping around. What is worse, is I have tried getting ahold of other companies and no one is even calling me back! What customer service... Jeez.

[jwellsii]

I carry a "garage-keeper's" policy with $600,000 aggregate liability and $300,000 per incident. $80,000 limit per car. The policy costs about $1,200 per year and the limits can be increased at any time and then decreased again if I need them
to be.

Could you please tell us what company your using.
Thanks
John

[mtmebnj]

I got a quote for about $1,430 from my insurance company for a similar policy as the OP, so I'm shopping around. What is worse, is I have tried getting ahold of other companies and no one is even calling me back! What customer service... Jeez.

I sell business insurance and no one is calling you back because the premium is so small. We get paid based off of premium so a $1,000 policy makes us only about $50 which bascially makes the agency lose money based on time, etc. Thats why no one is calling you back.

[jwellsii]

I sell business insurance and no one is calling you back because the premium is so small. We get paid based off of premium so a $1,000 policy makes us only about $50 which bascially makes the agency lose money based on time, etc. Thats why no one is calling you back.

WOW!! I'm glad all agents don't think like that. Although it seems like a lot of agent do. I found an agent that I called Thursday morning and had my policy that evening for under $800. And that is for a $1,000,000/$2,000,000 policy.