Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Business Car Insurance and other Car Insurance topics.
Group auto insurance is becoming the way for companies to finance their car insurance in a much more affordable way. Companies that offer their employees use of a company car are the most common subscribers. Group auto insurance is usually used for government insurance, private company insurance and even organizations or civic groups.
Group auto insurance is "buying in bulk" and we all know buying in bulk usually results in a cheaper price. The larger the group and the more members that are enrolled the bigger the discount on the premium.
Group auto insurance lets you come and go as you please. There are no mandatory terms. If you are on the insurance for a few months and decide it's not for you, you can change plans without penalty. This allows great flexibility for its members.
Flexible payments are another benefit of group auto insurance. Everyone that signs up for the group auto insurance policy does not have to pay the same way. You can pick the payment that works for you, annual payments, bi annual payments etc.
Group car insurance is a great way for a company to get maximum benefits at efficient costs for their auto insurance needs.