While operating a business, owners and managers are continuously looking for ways to limit costs to maximize profits. Finding strategic and effective ways to lower costs is essential for running a successful business. For companies that rely on vehicles to perform business operations, insurance coverage can be expensive – especially if you have multiple drivers to insure. The cost of insurance can vary depending on numerous factors, including the size of your commercial fleet, the types of vehicles, employee driving records, and more.Luckily, there are several ways business owners and managers can reduce the cost of commercial auto insurance. Muller Insurance is an independent insurance agency with over 25 years of experience, serving policyholders in Hoboken and Jersey City, New Jersey, with friendly and communicative services. Here, we offer tips to reduce the cost of commercial auto insurance.Encourage Driver Safety CoursesDriver safety courses are effective in helping business owners and managers decrease insurance costs. In addition to helping participants increase their knowledge of safe driving, many insurance companies offer discounts to policyholders who have completed eligible courses. Business owners should consider searching for and enrolling in eligible driver safety courses. This way, they can potentially lower their auto insurance rates.Identify Accident-Prone DriversYour commercial auto insurance rates can also be influenced by your employees’ driving skills and habits. Employees with a track record for unsafe driving, which includes tickets, accidents, and other driving offenses, can cause insurance rates to surge. Identifying these types of drivers and keeping them off the road can help business owners keep their commercial auto insurance rates down.Hire Experienced DriversWhen hiring new drivers, you should consider drivers with experience and those who have demonstrated the ability to safely and effectively operate a commercial vehicle. Ensuring qualified drivers remain behind the wheel will help to keep your commercial auto rates down.Enforce Safety StandardsWhen it comes to safety policies on the road, you can never be too strict. These safety standards help keep drivers informed on the proper ways to operate commercial vehicles, encouraging safer driving and fewer automobile-related accidents.Shop Around for RatesShopping around for fleet insurance from multiple providers can help you secure the lowest rate. Every insurance provider uses its own unique equation to calculate premiums. Asking for quotes from different providers can help you survey the insurance market and find the best rate.It’s important to keep in mind that the least expensive policy isn’t always the best policy. Less expensive policies may not always provide the best value, leaving you unprotected in certain scenarios.Focus on the Coverage NeededPaying for commercial auto coverage you don’t need can be costly – but eliminating unnecessary policies can be an easy fix to lowering rates. It’s wise to look at your business operations to determine your specific coverage needs. After reviewing, you may notice there are elements of coverage that may not be needed.Find Affordable Commercial Auto Insurance at Muller InsuranceCommercial auto insurance is essential for protecting your company from financial liability if something goes wrong. Businesses that need affordable, reliable coverage should turn to the insurance professionals at Muller Insurance. As an independent insurance agency, we have the luxury of working with premier insurance providers to help our clients get the best possible coverage. Our partnerships include:Cumberland MutualLiberty MutualFarmers InsurancePlymouth Rock AssuranceProgressiveAmTrust FinancialWe provide business owners with commercial auto policies across Hoboken and Jersey City, New Jersey. Contact us today for more information on how your businesses can keep commercial auto insurance costs down or to get a quote.