01-23-2016, 06:03 PM
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#1475
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Celebrated Square Root Day
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Quote:
Originally Posted by STeeLy
I don't even know about that...
If there's anyone that works in auto insurance that can clarify this for me, please do.
When I had personal auto insurance, I was paying around $1600-$1700/year. ($1 million liability, $500 deductible, full coverage)
With my job now, I am required to get business auto insurance (I am assuming this is the same as commercial insurance, so please correct me if I'm wrong) since I am required to use my personal vehicle for work purposes. This change, and increasing liability to $2 million, with every other aspect remaining exactly the same, it is roughly about $400 extra per year. Which is an extra 25% from what I used to pay, but if you work it out over the course of the year, that's just an extra $33 per month. If you drive with Uber during peak hours, you could probably make back the $33 in a month.
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I'll look into it (or I'm sure someone else will just know) but I'm pretty sure commercial insurance is significantly more than business auto.
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