* Company insurance likely only covers the corporate car: While the company policy will cover you while driving the company car, it usually doesn't extend to personal vehicles.
* You need coverage for your personal vehicles: If you own or lease a personal vehicle, it needs its own insurance policy.
* Gap in coverage without personal insurance: If you're driving a personal vehicle and get into an accident, your company's policy won't cover you. You'll be responsible for damages and injuries without personal insurance.
* State requirements: Most states require all drivers to have minimum liability insurance, regardless of whether they own a vehicle or not.
However, there are a few exceptions:
* Some company policies may extend limited coverage to personal vehicles: In some cases, your company might offer limited liability coverage for your personal vehicles. You'll need to check the specifics of your company's policy.
* You may be covered under your spouse's policy: If your spouse has their own personal auto insurance, you might be covered under their policy as a secondary driver.
It's always best to talk to your insurance agent or broker: They can help you understand your company's insurance policy and determine what personal auto insurance you need.
