1. Number of vehicles in the fleet: The larger the fleet, the higher the insurance premium is likely to be.
2. Type of vehicles: The specific make, model, and year of each vehicle can influence the insurance cost. Sports cars and other high-risk vehicles typically have higher insurance premiums.
3. Usage of vehicles: The purpose and frequency of vehicle use can impact the insurance rate. For example, vehicles used for business purposes may have higher premiums than those used for personal use.
4. Driver history: The driving records of the individuals who will be driving the company cars can influence the insurance cost. Tickets, accidents, and other violations can lead to higher premiums.
5. Coverage limits and deductibles: The amount of coverage you choose and the deductibles you set will affect the insurance premium. Higher coverage limits and lower deductibles generally result in higher premiums.
6. Insurance company and policy type: Different insurance companies offer different rates and policy options. The type of policy you choose, such as business auto policy (BAP) or commercial auto policy (CAP), can also affect the cost.
To get an accurate estimate of the insurance cost for a fleet of company cars in Arizona, it's best to get quotes from multiple insurance companies. Be sure to provide them with detailed information about the vehicles, drivers, and intended use to ensure you get the most accurate quotes possible.
