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Florida Drivers, Here’s What You Can Do About Rising Car Insurance Premiums

by Posted in Auto Insurance Tagged , , ,

While skyrocketing home insurance rates in Florida have gotten all the press lately, Florida drivers are finding the cost of auto insurance is also steadily rising. Major insurers in Florida, such as Progressive, Geico, Liberty Mutual, and State Farm, have raised their rates up to 44 percent over the past year.

“But I’ve never had a claim!”

We hear this lament every day, and we feel your pain! The fact is, you may not have had a claim, but thousands of other Florida drivers have. In addition to the same economic and social inflation factors driving up car insurance all over the nation, Florida faces some additional unique factors, including:

How can Florida drivers save on auto insurance premiums?

Auto insurance companies base their premiums on a number of factors, including the age and gender of the drivers, driving records, address where the vehicle is kept, and how much driving you do. But there are some things you can do to ensure you’re getting the best possible car insurance rate for your needs.

The first and most obvious one is keeping your driving record clean. In addition to a safe driving discount, ask about any other discounts available, such as good student (if you have teen drivers). (Sometimes “bundling” auto and home insurance policies will save you money—and sometimes not. An L & M Insurance Group agent will help you figure out what’s right for you.)

Shop for a better rate at renewal—at least once a year. Compare quotes from at least three insurers.

Before you add or change vehicles check with your insurance agent to find out what impact that will have on your car insurance. Certain makes and models can be very expensive or difficult to insure. To keep auto insurance premiums in check, when choosing a vehicle, opt for more “boring” versions with good safety records, like certain sedans or mini-vans.  

Pay your bill in full—some companies offer a five to 10 percent discount for paying your policy in full. You may also receive a small discount if you set your policy up on autopay.

Some people choose to drop comprehensive and collision coverage or raise deductibles if their auto insurance is too expensive. There are some situations where this is appropriate, but remember that if you do that, you’ll be responsible for paying for your own losses.

One of the best ways to make sure you’re getting the best price for your auto insurance is to work with an independent insurance agency like L & M Insurance Group. We partner with many auto insurance carriers and can compare the rates from multiple insurance companies for you. Click here to get an online auto insurance quote, or give us a call at (813) 672-4100. Our agents will be happy to help you find the best value for your insurance dollar. We’re located in Riverview, and also serve Brandon, Tampa, Valrico, Lithia, and nearby communities.  

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How Your Credit Affects Your Insurance Premiums

by Posted in Auto Insurance, Homeowners Insurance, Uncategorized Tagged , , , , , ,

As you’re shopping for home or auto insurance, you might come across the concept of the credit-based insurance score, or simply the insurance score. Hmm, that’s odd. What does credit have to do with insurance risk, and how does it affect the cost of your insurance? Does having good or bad credit affect your insurance policy premiums?

Your Credit Score may affect the Price of your Insurance

Your credit score may be affecting how much you pay for insurance. Most homeowners and auto insurance companies in Florida use credit-based insurance scores as part of the process of setting their insurance rates.

Read on for the answers to five commonly asked questions about credit scores and insurance.

1. What’s the difference between credit score and insurance score?

Credit-based insurance scores (or insurance scores) are ratings based on your consumer credit information. They use much of the same information to provide a rating as credit scores do—payment history, outstanding debt, pursuit of new credit, credit mix—but they are used to predict insurance losses. As with credit scores, the higher your insurance score the better, because, according to the Insurance Information Institute (iii.org), “Insurance claims tend to decline as credit scores improve.”

2. Why do insurance companies use credit information to rate premiums?

Insurance scores were developed in the 1990s to help insurance companies more accurately underwrite and price insurance policies. Though they are not the only measure used to rate a policy (see below), the industry has determined that “…people who have low insurance scores, as a group, account for a high proportion of the dollars paid out in claims.” (Source: iii.org.) Experts speculate that the connection is behavioral—those who manage their money and credit well tend to manage other areas of their lives, such as maintaining their homes and vehicles, in a responsible way, which reduces risk.

Also according to iii.org, when insurance companies use credit-based insurance scores, many people (more than 50%) see lower insurance rates overall because insurance companies are able to price coverage that reflects risks more accurately.

3. Does it hurt my credit rating when an insurance company asks for my credit info? No. When an insurance company requests information about your credit, it’s not considered a “hard credit pull.” Hard credit inquiries result when you apply for a loan, mortgage, or credit card.

4. What other information is used to determine home and auto insurance premiums?

In addition to insurance scores, for auto coverage, insurance companies will use some combination of your geographical area, model of vehicle, accident history, age of drivers, driving records, insurance claims, and sometimes how many miles you drive in a year. For homeowners insurance, they will consider things like the home’s age and construction, cost to rebuild the structure in case of a total loss, location, proximity to water for firefighting, and flood risk.

5. How can I improve my credit/insurance score?

This is a great question since people with higher insurance scores usually pay somewhat less for their insurance. First, check your credit score yearly. By law, you’re entitled to one free credit report each year from the national credit reporting companies Equifax, Experian, and TransUnion. Read over your report and correct any errors that might be bringing your score down.

The best thing you can do to improve your credit score is to make your payments on time, including bills, taxes, and any fines or fees you need to pay. It also helps to pay off your credit card balances or keep them as low as possible. If you need to apply for a new credit card or loan, try to wait six months or so between applications—applying for too much credit at one time can temporarily lower your credit score.

Remember, if you do improve your credit score, make sure you compare insurance rates at renewal time. Don’t just assume your insurance premium will decrease.

Shop your insurance with an independent agency

Whether you have good credit or bad credit, L & M Insurance Group can help you find auto and home insurance coverage at the most affordable price. Because we are an independent agency, we write with many different insurance carriers and have more options to choose from than a captive agency. Let our agents shop for your best insurance deal—call us at 813-672-4100, or click here to contact us online.

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 Safe Driving Tips for the Holiday Season

by Posted in Auto Insurance Tagged , , , ,

Most of us are looking forward to spending more time with family and friends during this holiday season. These get-togethers might take place in our own communities or at a far-off home of a loved one. Unfortunately, there’s always an uptick in traffic accidents, injuries, and deaths during the holiday season. In fact, according to the National Safety Commission, “Traveling by car has the highest fatality rate of any major form of transportation based on fatalities per passenger mile.” This is likely because there are more drivers on the road, and those drivers may be distracted, in a hurry, driving on unfamiliar roads, or even driving while under the influence.

Whether you’re driving across town or halfway across the country, here are some tips to help you drive safely this holiday season.

Before you leave

Safe holiday driving starts before you even leave your house. If you’re planning a road trip for the holidays, spend a little extra time preparing yourself, your family, and your vehicle before hitting the road. Gas up the car and have it serviced, if necessary, and make sure you have an appropriate vehicle emergency kit. Sign up for weather alerts at your destination and along your route or check the weather online. You may be driving in weather conditions you’re not used to. Also check traffic reports to see what to expect. If you’re using a GPS, program your destination in before you leave. If you’re using an old-school map, review your route before buckling up.

Get a good night’s sleep the night before your trip so you’re not driving drowsy. And no matter how short a distance you’re going, allow plenty of time to reach your destination without rushing. Drive at speeds safe for traffic and road conditions.

Everyone in the vehicle should have their seatbelts buckled, and small children should be strapped into an approved car seat.

On the road

No matter how far your destination, always drive defensively. You can’t control what other drivers do, but if you stay alert and practice defensive driving, you should be able to react more quickly to an emergency. Defensive driving practices include being aware of what is happening around you—frequently check ahead, behind, and in your blind spots. Stay out of others’ blind spots if possible. Don’t follow too closely. Use the three-second rule: Note an inanimate object and count the seconds between when the vehicle ahead of you passes it and you do. A three-second gap enables you to stop in time if the vehicle ahead of you ahead stops suddenly.

Another key to safe driving is to stay focused when you’re behind the wheel. You know you shouldn’t talk or text while driving, but did you know that animated conversations among passengers, listening to or changing the radio station, and eating or drinking can also distract you from your driving? Do your best to keep your full attention on the road.

Never drive while impaired by alcohol or drugs (even some over-the-counter drugs can cause impairment). Designate a driver, or call a taxi or ride share service.

Safe drivers pay less for their auto insurance

Safe driving during the holidays—and all year long—can not only help protect you and your family from danger, it can help you save money on your auto insurance. If you need car insurance, or any other type of insurance, please call your friends at L & M Insurance Group (813-672-4100) or contact us online. L & M Insurance Group is an independent agency located in Riverview, Florida, serving Riverview, Brandon, Tampa, Valrico, and surrounding communities.

We wish you a safe and happy holiday season!

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L & M Insurance Group Is Your Source for Affordable Commercial Auto Insurance in Florida

by Posted in Auto Insurance, Commercial Insurance Tagged , ,

Of all the many decisions Florida business owners have, choosing the right commercial insurance coverage is one of the most important. Without proper insurance protection, you could easily find yourself in serious financial trouble—you might even lose your business. L & M Insurance Group can help you with all your commercial insurance needs, but today we’re going to highlight commercial auto insurance.

Who needs commercial auto insurance?

Anyone who operates one or more vehicles in the course of doing business, or who owns or leases a vehicle for business use needs commercial auto insurance (also known as business auto insurance). All kinds of businesses need commercial auto insurance, including trucking and hauling services, taxi or limo services, moving companies, delivery services, repair services, locksmiths, landscaping companies, and day care or van services. You need a commercial auto policy if:

  • The vehicle is registered in the name of the business
  • You have permanently attached equipment or pull a trailer in relation to your work
  • You have a commercial license plate
  • You have a sign or advertising for the business on your vehicle
  • Employees drive the vehicle, or drive their own vehicles while working for your business
  • The vehicle is used to deliver packages or food
  • The vehicle is used to transport clients or other employees
  • You transport people for a fee, such as driving for Uber or Lyft

Don’t expect your personal auto policy to cover business use. Business use is almost always excluded under personal auto policies, and your insurance company could deny claims if they find you’re using your vehicle in your business. (If you still have questions about whether your usage qualifies as business use, please consult a commercial auto agent.)

A commercial auto insurance policy offers the same types of coverages as a personal auto policy, including liability (property damage, bodily injury, uninsured motorist) and comprehensive and collision. Commercial auto policies are designed to address the needs of the business owner, and whatever situations might arise from business use of a vehicle. The good news is that the cost of commercial insurance is often quite reasonable—and not always more expensive than a personal auto policy. The best thing to do is to discuss the types of coverage and limits you need with a commercial auto insurance agent, like one of the professionals at L & M Insurance Group.

How to get a commercial auto insurance quote

It’s simple! Just give L & M Insurance Group a call at 813-672-4100, or click here to contact us online. Our experienced agents will help you choose a commercial auto policy that suits your needs. Some info that will help us give you the most accurate quote includes:

  • How many vehicles you need to have insured
  • Who the drivers will be, and as much of their driving history as you know
  • How the vehicles are used
  • Whether or not you transport cargo or people
  • How many miles will be driven each year

Protect your business with a commercial auto policy

A commercial auto policy will help to protect your business—and you, personally—from financial loss stemming from the cost of an accident if you or one of your employees is at fault. L & M Insurance Group writes commercial auto insurance for both large and small businesses. We have more than 30 years’ experience serving the insurance needs of Riverview, Brandon, Valrico, Tampa, and surrounding communities. Please give us the chance to help you protect your business!

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Can Supply Chain Problems Affect Your Car Insurance?

by Posted in Auto Insurance Tagged , ,

Florida drivers already pay some of the highest car insurance rates in the nation, and those rates are likely to go up in the near future. Why? Because insurance companies’ claims costs are skyrocketing, and strange though it may seem, supply chain and other pandemic-driven causes are contributing.

Shortages and supply chain issues

Because of pandemic-fueled, industry-wide shortages of raw materials and parts to build vehicles (including semi-conductor chips), there are fewer new vehicles in showrooms. This has caused the cost of both new and used vehicles to rise. Insurance companies use the value of the vehicle when calculating rates for comprehensive and collision coverage. They also use vehicle value to determine how much to pay out when a vehicle has been in a crash and is declared a total loss. Since both new and used car prices are going up, so are premiums and claim payments.

Claims costs are also rising because the cost of parts has gone up, and it’s taking longer to repair damaged vehicles because of shortages of both car parts and qualified auto mechanics. At least one of our companies has reported that they have had to total out vehicles because they can’t find parts to repair them.

And one more thing—when it takes longer to repair a damaged vehicle, the cost of a replacement rental car also goes up since the client needs the rental car for a longer time.

What you can do

Unfortunately, you can’t do much about supply chain issues. But the best thing you can do is minimize your risk of an accident or moving violation (which will also raise your auto insurance premiums) by driving defensively. Don’t drive distracted or while impaired, obey speed limits, and wear your seat belt. And be sure to check in with an L & M Insurance Group agent to help you shop for the best car insurance rate for your situation. L & M Insurance Group is a local, independent insurance agency, and we partner with many quality insurance companies. Please call 813-672-4100 if you’d like a no-obligation quote, or contact us online.

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Don’t Forget This Tip for Keeping Car Insurance Premiums Down

by Posted in Auto Insurance Tagged , , ,

Many factors determine what you’ll pay for car insurance—things like how expensive your vehicle is, how old you are, and how good your credit is. But don’t forget one of the most important rating factors if you want the cheapest car insurance: keeping your driving record clean!

Driving safely in Florida can keep your Car Insurance Premiums Down

While driving safely may seem like common sense, it doesn’t hurt to be reminded of basic defensive driving principles. Driving safely helps you avoid costly tickets which raise your insurance rates—and it also helps you—and your passengers—stay safe from auto accidents.

Now that kids are back in school there may be more traffic, and thus more distractions, on the road. We’re also still in our summer weather pattern and may face driving through heavy rainstorms. Florida drivers, who pay some of the most expensive car insurance premiums in the U.S., need all the help they can get. Here are some tips from the Florida Department of Motor Vehicles that could keep you from getting a ticket and/or being in a car accident and seeing your car insurance rates rise because of it.

Drive defensively. This means being constantly aware of what is happening around you.

  • Are there children playing next to the road, and could they run out into the street?
  • Is someone backing out of a driveway up ahead?
  • If it’s raining, do you have your wipers and lights on, and are you slowing down if necessary?
  • Are you following the vehicle ahead of you too closely?

Defensive drivers do everything they can to watch for danger and avoid a crash.

Avoid bad drivers. If you see someone tailgating, failing to signal, speeding, swerving, or changing lanes unexpectedly, back off! Their distraction could cause an accident—and even if it’s not your fault, you don’t want to be caught up in a situation like that.

Never drink and drive. It’s just not worth it. Aside from the danger to yourself and others, if you drive while impaired and are cited for DUI, expect your car insurance to skyrocket.

Focus on the road. Don’t talk or text on your cell phone, adjust the radio, eat or drink, or turn to look at others in the car while you’re driving. Pull over and stop if you must do any of these things.

Don’t drive aggressively. Aggressive drivers often cause accidents. If you find yourself yelling at other drivers, speeding up so that other drivers can’t merge in front of you, or tailgating, you might be an aggressive driver! And if another driver makes you angry, let it go. Report a dangerous driver to the police—don’t try to “teach them a lesson.”  

L & M Insurance Group—your source for car insurance

While it’s true that good drivers will pay less for their car insurance, L & M Insurance Group can still help you find an auto insurance policy if your driving record isn’t perfect. Because we are an independent insurance agency, we write with many different car insurance companies. Whether you have a clean driving record or violations, good credit or bad credit, PIP claims, or if you need an SR-22 or FR-44—we have a partner company who will write your business. Give us a call at 813-672-4100 or click here for a car insurance quote.

Need a commercial auto policy? L & M Insurance Group writes commercial auto policies for every type of business! Call us today at 813-672-4100.

For more information on safe driving:

The Florida Department of Highway Safety and Motor Vehicles

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Is Bundling Your Insurance Policies Right for You?

by Posted in Auto Insurance, Homeowners Insurance Tagged , ,

You’ve probably seen TV commercials that talk about bundling your insurance coverage, and you may be wondering if bundling—buying more than one type of insurance policy from the same insurance carrier—is right for you. Could you save a significant amount of money by buying your auto insurance and homeowners insurance from the same company, for example?

Maybe. But maybe not. Here are some things to think about if you’re considering whether or not to bundle your insurance coverage.

Will bundling save you money?

The most popular reason to bundle insurance is to save money on policy premiums. Bundling discounts vary by company, but usually range from 5-25%. In Florida, however, you might not get much of a discount—one study found that Florida consumers saved less than those in other states on bundled policies, only about 6.7%.

In certain situations, you also won’t save much, if anything, by bundling your insurance—if you have a less-than-pristine driving record, for example. We’ve found that companies that offer a good rate for your auto insurance may not be competitive for your home insurance, or vice versa.

Some consumers like the convenience of dealing with one insurance company for multiple policies. But this convenience can sometimes be a disadvantage if you want the most cost effective insurance. Once you place your policies with one company, you may be less likely to shop around for a better quote at renewal. While it may be tempting to “set and forget” your insurance coverage, if you do so, you may wind up paying more than you need to. Premiums tend to inch up at renewal each year. It’s good practice to review your coverage and your premiums yearly, or if you have a major life change such as marriage, divorce, or a move.

Other ways to save on insurance

Insurance premiums are based on a number of factors, including the value of what you’re insuring, your credit record, and where you live. Bundling may save you money, but not always. Your best bet is to contact an independent agency, like L & M Insurance Group. Our agents will shop for the best rates and coverage for your situation, whether it’s with one insurance carrier or more than one.

Bundling is also not the only way to save on your insurance coverage. Talk to your agent about ways to lower your insurance costs. Ask about discounts (for example, some auto insurance companies offer a discount if you have a homeowner’s insurance policy, even if it’s not with them) and consider raising your deductibles. Also, if your credit improves or a moving violation comes off you driving record, your insurance premiums may go down.

And if you’re still interested in bundling your insurance, remember to compare the price you’d pay for bundled policies with the two lowest cost individual policies. And always be sure you’re comparing similar coverage when you compare insurance quotes.

We know shopping for insurance is no one’s favorite activity. That’s why an independent insurance agency like L & M Insurance Group is an excellent choice to represent you. We can do the comparisons for you—we partner with many great auto and homeowners insurance companies, as well companies that write insurance for boats, RVs, jet skis, and so on. We also write life, health, and business policies. We’ll work with you to create an insurance package that will work with your budget and provide the insurance coverage you need. Please give us a call at 813-672-4100 (or contact us online) for a free quote today!

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Are You Paying Too Much for Your Car Insurance?

by Posted in Auto Insurance Tagged , , Leave a comment

Even though many insurers offered pandemic discounts during 2020, car insurance rates in Florida continue to be some of the costliest in the U.S.  You may wonder how insurance companies decide what to charge, anyway—and if there’s anything you can do to pay less for your car insurance. Aside from your driving record, here are six things that could be affecting your car insurance premiums. While some of them are common sense, you might be surprised by what factors insurance companies use to set their rates.

Your vehicle

Not only does the value of your vehicle influence the price of your car insurance, if your vehicle is popular with car thieves, it costs more than the average to repair, or has a poor safety record, you could be paying more for your car insurance.

Where you live

If you live in an area with an above-average crime rate, you’ll likely pay more.

Your commute

The farther you drive to and from work each day affects your insurance rate, because insurance companies figure the more time you spend on the road, the more likely you’ll be in an accident—whether you’re at fault or not.

Your credit record

Insurance companies have found a link between poor credit and increased insurance losses.

Your age

Younger drivers with less experience are more likely to be involved in an accident.

Your discounts

Different companies offer different types of discounts, but some of the most common include safe driver, low mileage, good student, vehicle safety features, claim-free, prior coverage, homeowner, and multi-car or multi-policy discounts.

Of course, we think the best way to make sure you’re not paying too much for your car insurance is to give L & M Insurance Group a chance to quote your policy—we write with many great insurance companies, both standard and non-standard, and we’d love the chance to earn your business!

If you haven’t shopped around for a better auto insurance rate recently, it’s time to do so.

Let L & M Insurance Group do the comparison shopping for you! Since we represent so many insurance companies, we can find the best rate for your situation, whether you have good credit, bad credit, a clean driving record or one that’s not so stellar. We also have companies that will write your policy if you’ve had a PIP claim, you need an FR-44 or an SR-22. Please call us at 813-672-4100, or click here for an auto insurance quote.

L & M Insurance Group is an independent insurance agency serving Riverview, Brandon, Valrico, Lithia, and surrounding communities in the Tampa Bay area. We have more than 30 years in the insurance business, and our agents are experts in personal insurance, business insurance, Medicare insurance, and Life insurance.

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Partner With Your L & M Insurance Agent to Get the Best Rate

by Posted in Auto Insurance Tagged , , Leave a comment

We know car insurance in Florida can take a big chunk out of your budget. Choosing an independent insurance agency like L & M Insurance Group is one way to get the best deal—our agents are experts in the local insurance market and we represent dozens of great standard and non-standard car insurance companies. We’re committed to helping you find low-cost car insurance—but there’s something you can do to help us do that.

Information please

To give you the most accurate rate, your L & M Insurance agent will need some information from you. We keep all your personal information confidential, but we do need certain details in order to give you an accurate quote. Taking a few minutes to compile this information will help us to serve you better.

Here are some things we’ll need:

  • Make, model, and year of all vehicles to be insured.
  • VIN numbers of vehicles.
  • Names and ages of all drivers in household. If you have a teen driver in the household, does the student driver maintain a 3.0 grade average? You might qualify for a discount. Also let your agent know if your young driver is living away at school, whether or not he or she took a car with them.
  • Driving record information for each driver. Agents will pull reports that show claims and violations, but be sure to tell your agent if there is anything new not on record yet.
  • Your current insurance coverage and limits if you already have insurance. You can find this information on the declarations page (“dec page”) of your current auto policy. This helps us quote the same coverage you are currently carrying so you get a fair cost comparison.
  • Your insurance history: how long you’ve been insured overall, and how long you’ve been with your current company. Discounts are available for maintaining continuous coverage.
  • Your address and where vehicles are kept when you’re not driving since your location can affect your premium.
  • How much you drive. If you’re working from home now and putting very few miles on your car, let your agent know. There are insurance companies that will reward you for that.
  • Any business use of your vehicles. If you use your vehicle in your work, drive for a ride share service (Uber/Lyft), or deliver pizza, you’ll need a commercial auto policy. Don’t just assume a commercial policy will cost you more. Ask your agent if you have questions.
  • If your vehicle has any of the newest special safety features, like automatic emergency braking, lane-assist, or blind spot detection. While many safety features are now standard and insurance companies account for that, some are not yet common and might earn you a small discount.

Communication with your agent is key. If you don’t or can’t give your agent full and accurate information, he or she cannot give you the most accurate quote. It often backfires if you hide things from your agent because you think you’ll get a cheaper rate. It could cost more in the long run because you could be charged an additional premium, or you might have a claim denied. If your agent had the most accurate information to start with, he or she likely could have placed you with an insurance company more appropriate for your needs.

Your neighborhood insurance agency

The agents of L & M Insurance Group call the Tampa Bay area home, too, and we take pride in being able to help our neighbors with their insurance needs. Remember, even though we represent many quality insurance companies, we really work for you. If you need a car insurance quote—or information on another type of insurance coverage—please give us a call at 813-672-4100 or contact us online. Thank you for giving us the chance to serve you!

L & M Insurance Group also offers commercial auto policies, homeowners and renters insurance, health insurance, Medicare Advantage plans, and real estate investors policies.

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Commercial Auto Insurance Policies for Every Type of Business

by Posted in Commercial Insurance Tagged , , , , Leave a comment

If you own a business that doesn’t involve making deliveries or transporting clients, you may not think you need a commercial auto insurance policy. But if your vehicle is registered in a company name, you have employees who sometimes drive it, or if it is outfitted with permanent equipment used in a business and you don’t have a commercial auto policy, you risk having a claim denied because the vehicle is used for business purposes.

In fact, if you or an employee use a vehicle for business purposes, even just now and then, you really should protect yourself financially by purchasing a commercial auto policy.

Policies for small businesses and beyond

L & M Insurance Group can write commercial auto policies to cover all sorts of businesses, including lawn care companies, transportation services (for goods or people), real estate agents who take clients to see properties, construction companies, and housecleaner or janitorial services to name just a few. We can also write coverage for all types of vehicles—sedans, pickup trucks, box trucks, and more.

Terms and available coverage vary among companies, but the most common coverage options are: property damage liability; liability for bodily injuries to others; personal injury coverage for you, employees who drive the vehicle(s) and your passengers; collision (coverage for your vehicle in an accident, regardless of who is at fault); comprehensive (coverage for damage to your vehicle other than collision); and uninsured and underinsured motorist, medical payments, loss of use/rental reimbursement, and emergency roadside assistance. Your insurance agent can help you sort through what your individual needs are.

Need a commercial auto quote?

Call us at 813-672-4100

Or contact us online today!

Do commercial policies cost more?

You’ll be happy to know that commercial auto policies are often no more expensive to buy than personal auto policies. Factors that influence the cost are much the same as factors that matter for a personal auto policy. They include the amount of driving involved, the radius of operation (do you cross state boundary lines?), the types and number of vehicles to be insured, the driving records of those who will be on the policy, proof of prior insurance, and the amount of coverage you need to carry.

As independent agents, L & M Insurance Group will work with you to find the insurance policy that best meets your needs by comparing rates among the multiple companies we represent. We provide you with coverage for everything from a single vehicle to a fleet of vehicles, from a sedan to a semi. And since we’re local, you can reach us by phone, email, or even by visiting our office (COVID-19 protocols apply). We’ve been serving the insurance needs of Brandon, Valrico, Riverview and surrounding communities for more than 10 years, and we’d love to serve YOU!