Welcome to the world of Old Republic Commercial Auto Insurance, where protecting your business on the road is our top priority. We’ve got you covered with a wide range of coverage options, flexible policy choices, and competitive pricing. Let’s dive in and explore everything you need to know to make an informed decision about your commercial auto insurance.
Insurance Coverage
Old Republic Commercial Auto Insurance provides comprehensive coverage options tailored to protect your business and vehicles.
Our policies offer a range of coverage types, including:
Liability Coverage
- Bodily Injury Liability: Covers expenses related to injuries or death caused to others in an accident involving your insured vehicles.
- Property Damage Liability: Covers damage to property, including vehicles and structures, caused by your insured vehicles.
Physical Damage Coverage
- Collision Coverage: Covers damage to your insured vehicles caused by a collision with another vehicle or object.
- Comprehensive Coverage: Covers damage to your insured vehicles caused by non-collision events, such as theft, vandalism, or natural disasters.
Additional Coverage Options
In addition to these standard coverage types, we offer specialized options to meet your specific business needs:
- Uninsured/Underinsured Motorist Coverage: Protects you in case you’re involved in an accident with a driver who doesn’t have insurance or has insufficient coverage.
- Medical Payments Coverage: Covers medical expenses for you and your passengers, regardless of who is at fault.
Policy Options
Policy options provide flexibility and customization to suit individual insurance needs and risk profiles. They range from single-vehicle coverage to fleet and non-owned auto insurance.
Understanding the advantages and disadvantages of each option enables informed decision-making and optimal protection.
Single-Vehicle Policy
- Coverage for a single, specified vehicle.
- Ideal for individuals with one primary vehicle.
- Typically offers lower premiums compared to fleet or non-owned auto insurance.
- May not provide adequate coverage for those with multiple vehicles or who frequently drive non-owned vehicles.
Fleet Policy
- Coverage for multiple vehicles owned by a single entity.
- Suitable for businesses, organizations, or individuals with extensive vehicle fleets.
- Offers cost savings and streamlined management compared to purchasing individual policies for each vehicle.
- May have higher premiums than single-vehicle policies due to the increased risk exposure.
Non-Owned Auto Insurance
- Coverage for vehicles that are not owned by the policyholder.
- Protects individuals who frequently drive rental cars, borrow vehicles, or use car-sharing services.
- Provides peace of mind and financial protection in case of accidents while driving non-owned vehicles.
- Premiums may vary based on factors such as driving history and frequency of non-owned vehicle use.
Choosing the Most Suitable Policy
The most suitable policy option depends on individual circumstances and insurance needs. Factors to consider include the number of vehicles owned, driving habits, and financial situation.
For those with a single primary vehicle, a single-vehicle policy may be sufficient. Fleet policies are ideal for businesses or individuals with multiple vehicles, while non-owned auto insurance provides protection for those who frequently drive non-owned vehicles.
By carefully evaluating the advantages and disadvantages of each policy option, individuals can make informed decisions and choose the coverage that best aligns with their specific needs.
Pricing and Discounts
The cost of Old Republic Commercial Auto Insurance varies depending on several factors, including the type of business, the number of vehicles, the driving history of the employees, and the coverage limits selected. Old Republic offers a variety of discounts to help businesses save money on their premiums, including:
Multi-Policy Discount
Businesses that insure multiple vehicles with Old Republic may be eligible for a multi-policy discount. The discount can range from 5% to 15%, depending on the number of vehicles insured.
Safe Driver Discount
Businesses with drivers who have a clean driving record may be eligible for a safe driver discount. The discount can range from 5% to 10%, depending on the driving history of the employees.
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Their experienced agents can help you find the right coverage for your needs. Old Republic commercial auto insurance can provide peace of mind knowing that your business is protected.
Telematics Discount
Businesses that install telematics devices in their vehicles may be eligible for a telematics discount. Telematics devices track the driving behavior of employees, such as speed, braking, and acceleration. Businesses with employees who drive safely can earn a discount of up to 25% on their premiums.
Tips on How to Save Money on Premiums, Old republic commercial auto insurance
- Shop around and compare quotes from multiple insurance companies.
- Increase your deductible to lower your premiums.
- Take advantage of discounts, such as the multi-policy, safe driver, and telematics discounts.
- Maintain a good driving record.
- Consider forming a captive insurance company.
Claims Process: Old Republic Commercial Auto Insurance
Filing a claim with Old Republic Commercial Auto Insurance is a straightforward process designed to assist you in a timely and efficient manner.
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To initiate a claim, you can either call the dedicated claims hotline or submit a claim online through the company’s website. You will be guided through the process by a claims representative who will collect the necessary information and documentation.
Required Documentation
To support your claim, you will need to provide the following documentation:
- Copy of the accident report
- Contact information for all parties involved
- Photos of the damage to your vehicle
- Estimates or invoices for repairs
Timeline for Processing Claims
Old Republic Commercial Auto Insurance aims to process claims promptly. The timeline for processing claims varies depending on the complexity of the case, but you can expect the following:
- Initial review of the claim: within 24 hours
- Assignment of a claims adjuster: within 48 hours
- Settlement of the claim: within 30 days
Dispute Resolution
In the event of a dispute regarding your claim, Old Republic Commercial Auto Insurance has a dedicated team of professionals who will work with you to resolve the issue. You can contact the claims department directly or submit a formal complaint to the state insurance commissioner’s office.
Customer Service
Old Republic Commercial Auto Insurance provides a comprehensive customer service experience designed to meet the unique needs of business owners. They offer multiple channels for customers to connect with their team, ensuring prompt and efficient support.
Customers can reach Old Republic Commercial Auto Insurance via:
- Phone:1-800-334-1001
- Email:[email protected]
- Online chat:Available on the Old Republic website
- Mail:Old Republic Commercial Auto Insurance, P.O. Box 1111, Green Bay, WI 54305-1111
The customer service team is highly responsive and knowledgeable, providing personalized assistance to resolve inquiries, process claims, and offer policy advice. They are committed to providing a positive and seamless experience for all customers.
Customer Reviews
Old Republic Commercial Auto Insurance consistently receives positive customer reviews for its exceptional customer service. Here are a few examples:
“I had a great experience with Old Republic. Their customer service was top-notch. They were very helpful and responsive, and they went the extra mile to make sure my claim was processed quickly and efficiently.”- John Smith, Business Owner
“I highly recommend Old Republic for commercial auto insurance. Their customer service is excellent. They are always available to answer my questions and provide support.”- Mary Jones, Fleet Manager
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Whether you need long-term or short-term protection, Old Republic Commercial Auto Insurance has a solution that meets your needs.
Financial Stability and Reputation
Assessing the financial stability and reputation of Old Republic Commercial Auto Insurance is crucial to ensure your business is protected by a reliable provider.
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Old Republic Commercial Auto Insurance is backed by Old Republic International Corporation, a Fortune 500 company with over a century of experience in the insurance industry. The company has a strong financial foundation with consistent profitability and high ratings from leading independent rating agencies:
Financial Ratings
- AM Best: A+ (Excellent)
- Standard & Poor’s: A+ (Strong)
- Moody’s: A1 (Good)
In addition to its financial stability, Old Republic Commercial Auto Insurance has a positive reputation among customers and industry experts.
Customer Satisfaction
- Rated “Excellent” by J.D. Power for customer satisfaction in commercial auto insurance.
- Positive customer reviews on platforms like Trustpilot and Google My Business.
These ratings and awards demonstrate Old Republic Commercial Auto Insurance’s commitment to providing reliable coverage, excellent customer service, and financial stability.
Final Review
Whether you’re a small business owner with a single vehicle or a large fleet manager, Old Republic Commercial Auto Insurance has a solution tailored to your needs. With our commitment to excellent customer service, financial stability, and industry-leading reputation, you can rest assured that you’re in good hands.
Contact us today for a personalized quote and experience the peace of mind that comes with knowing your business is protected.
Questions and Answers
What types of coverage does Old Republic Commercial Auto Insurance offer?
We offer a comprehensive range of coverage options, including liability, collision, comprehensive, uninsured/underinsured motorist, and more.
What policy options are available?
We provide various policy options, such as single-vehicle, fleet, and non-owned auto insurance, to meet the specific needs of your business.
How can I save money on premiums?
We offer a variety of discounts, including multi-policy, safe driver, and telematics, to help you reduce your insurance costs.
