Is Progressive the Cheapest for Commercial Auto Insurance in Michigan

How's it going everybody? If you own a business or are looking at starting one here in Michigan and looking into your commercial auto insurance options, then this video is for you. Today I wanted to talk about progressive insurance and talk about if they are really the least expensive option when it comes to commercial auto insurance. Thank you for stopping by. My name is Brian. I'm an independent insurance agent based here in the state of Michigan, metro Detroit specifically, and I work with businesses on their commercial insurance programs as well as helping families and individuals with their personal insurance, their home, their auto insurance as well. My goal with this channel is to pass on a little bit of educational information to you so that you can make more informed decisions around your insurance and then overall help answer any questions that you might have. So let's get into it and before we get too far into the video, I do want to invite you to subscribe to the channel and if you find this video helpful, useful, anything like that, please feel free to like, share, pass along with anyone else as well. Progressive can definitely be a very cost-effective option for a lot of businesses out there when it comes to their commercial auto insurance. They are obviously a huge company and the largest commercial auto insurance company in the country and fortunately their appetite for business is pretty wide. Anything from smaller fleets to contractor trucks, cargo vans, and even vehicles like semi trucks or dump trucks. And with their size and their underwriting capabilities, it does allow them to be pretty competitive on price, especially for businesses that do fall more into their underwriting sweet spot. But it is important to know that Progressive is not always the best and cheapest option for every business. Just like with any other type of insurance or any other insurance company, the premium is going to depend on a variety of factors. Things like the type of vehicle you have, how it's going to be used, the type of business you run, and then also things like the radius of your business's operations, your claims history, the MVRs for yourself, and any of the other drivers in the business. So for certain industries or certain vehicle types, there can definitely be more competitive options out there than just Progressive. Especially if you do have maybe a wide variety of vehicle types or maybe heavier vehicles like dump trucks or semi trucks. Or if you do have more policy needs than just commercial auto insurance. Maybe you also need worker's comp, general liability, or maybe commercial property insurance and an umbrella policy. A lot of times when you do have more than one coverage need, it can make sense to try to put as many policies as possible with the same insurance company. This can help keep premiums lower by adding multi-policy discounts and also can make the claims process easier if there is ever a claim situation. So this is definitely why it's always worth it to look at more than just one option when it comes to your commercial insurance. Because there are definitely companies out there that can be more competitive than Progressive when you take all these factors into account. And it's also important to remember it is not simply just about being the cheapest necessarily. You do want to make sure that you have the right coverage and service needs for your business. Overall, Progressive is a very solid insurance company, especially when it comes to commercial auto insurance. They obviously have things like a large claims handling team and 24-7 support. But if you are considering going directly through Progressive versus working through an agent that might also represent Progressive, keep in mind that when you go direct, you are essentially acting as your own agent. So this means that any potential mistakes on the policy or any servicing needs, this all falls back on you, the policyholder. And in most cases, the price difference is usually either the same or very minimal when it comes to either working directly with Progressive or with an agent. So when you do work through an agent, you get the added benefit of actually working with somebody who is an expert in insurance. So you get an extra set of eyes on your policy. They can help with your servicing needs if you ever have a claim, have to switch out vehicles, and just overall, help make sure that your coverage is set up the right way. And again, when you do work with an agent that has access to multiple insurance companies, this will allow them to look at options besides just Progressive to really make sure that you are getting the most competitive option in the marketplace for your business while also having the coverage that you need. So overall, is Progressive the cheapest option when it comes to commercial auto insurance? Sometimes, yes, but that is not always the case. And it's definitely worth looking into other options besides just that. So thank you for watching, and if you are looking for help with your commercial auto insurance or commercial insurance program as a whole, I would love the opportunity to work with you and see if our team can help. There are a lot of ways to get a hold of me, and they should all be in the description below. Please feel free to text, call, email, fill out a contact form, whatever is easiest. And if you have any other questions about insurance, please feel free to either reach out directly or leave them in the comments below. I would love to help answer those as well. So thank you again.