You’ve decided to start an auto driving school. You’ve gotten prices on what renting office space will cost. You know the Motor Vehicles Department and State business fees. You’ve already spoken with a few local dealerships and a finance company about purchasing the cars you’ll need. All that’s left for you to do is find out how much the auto driving school insurance will cost and decide on a company. In the following paragraphs, you will be given some information regarding two primary insurers of auto driving schools. Included in this information will be some differences between teen insurance for driving schools and insurance for adults.
Why Carry Driving School Insurance
The short answer to this question in most states is because it’s the law. But there’s more to it than that. Student drivers are more likely than other drivers to have accidents. Over time, even a series of very minor accidents can become extremely expensive. If the accident is more serious, and involves personal injury(ies), this expense will begin to mount exponentially. To aid in cutting the cost of this type of insurance, some companies offer the option to only extend vehicular coverages when students and instructors are actually out driving the cars. Before purchasing any auto driving school insurance policy, thoroughly read and completely understand the full contract. Make sure there aren’t any hidden fees, costs or charges in the fine print. Have anything you’re not sure about completely explained to you.
Companies that Offer Coverage
Just about every insurance company will be able to offer a policy to cover your auto driving school. However, there are also companies that specialize in insurance policies for businesses, such as auto driving schools. If your projected student is an adult, insurance rates will be less expensive than if you plan on delivering instruction to teens, also. Borden Perlman has been in business since 1915, delivering auto, personal, home and commercial insurance. Holman Insurance Brokers isn’t an insurance provider. Holman is a a broker, a company that acts as a middleman to find products and services for end users, such as an auto driving school.
Above you have been presented with some information as to why you would want specialized insurance for your proposed auto driving school. You have also been given some information regarding two leading companies in the industry.