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Driverless Cars Are a Risk. What do Businesses do Now?

Just when you thought Namaste India and Goombas Pizza Grinder in Arvada, Colorado, in zip code 80002, would benefit from driverless cars, some insurance companies have categorized driverless cars as a risk. As such, businesses that were interested in using the service may have to take a second look prior to incorporating driverless cars into their business strategy.

Understanding Driverless Cars
Driverless cars is a technology introduced by Google. These cars operate by the push of a button from passengers. For many businesses, the technology would have transformed their business model. Construction companies and delivery services are two of the businesses that could save money by utilizing Google’s driverless cars.

Risks Equal Higher Costs in Insurance
Commercial insurance, much like consumer insurance, is rated based on risks. When companies are a higher risk to insurance companies, their insurance costs increase. Industries, driver safety, and past accidents are all risk factors that companies are rated on to determine the cost of their insurance annually. However, driverless cars aren’t a risk because they are unsafe. They are a risk because they may affect the cost of insurance overall, which is a risk to the insurance industry. 

If your fleet manager is interested in adding driverless cars to your fleet in the future, you should get quotes for insurance from one of your local insurance agents beforehand. Although driverless cars seem safe, they could effectively increase your bottom line since they are considered a risk. Your local insurance agent can help you determine whether driverless cars will help you by considering a lot of factors, including how many cars you will employ and your current risk factors. For businesses suffering from multiple at-fault accidents, driverless cars may help alleviate some risks, which may ultimately make the technology cost efficient.

Is Usage-Based Auto Insurance Right for You?

Wheat Ridge, Colorado is a great place to hike and explore nature. From the mountains to the lakes, there is so much to see, which is why a lot of residents like to call Wheat Ridge home. Wheat Ridge’s appeal doesn’t stop at residents, but many businesses call Wheat Ridge home as well.

Increasing costs of operations have many businesses looking for ways to cut costs, especially when it comes to insurance costs. In fact, many managers may be contemplating purchasing user-based insurance products in order to reduce the amount of money that’s paid out each month.

What is user-based insurance?

Promoted as a safety and cost-efficient tool, user-based insurance allows consumers and businesses, especially businesses with fleets, to receive discounts on their auto insurance based on their driving, which is measured using telematics. With user-based insurance, insurance agencies and businesses can monitor driver’s behaviors and how much they actually drive, in real-time.

Is user-based insurance right for you?

The best way to determine whether user-based insurance is right for your business is to speak with an insurance agent. Insurance agents are aware of the risks their agencies take into consideration when rating insurance. Based on this information, your local insurance agent will be able to determine whether your business can save money by measuring driver’s behaviors.

In truth, user-based insurance is a win-win for all involved. Companies that hire safe drivers are rewarded for reducing risks, insurance companies do not have to pay out large claims, and drivers are safe on the road. For companies with bad drivers, their insurance companies can keep them informed about driver’s behaviors so that they can correct the problems that persist. If you are in the market for commercial insurance, contact our local office to inquire about usage-based technologies that can save your business money and reduce the number of accidents your business has each year.

What You Need to Have Before Getting a Commercial Insurance Quote

If you have ever owned a business and suffered a financial loss caused by an unforeseen disaster, then you know the benefits that a commercial insurance policy can have. This kind of policy has many parts to it that work to protect your business from financial losses. To help you get the commercial insurance quotes in Arvada, CO, here are some things that you will want to have before starting the process.

Getting Organized for an Insurance Quote

  • If you currently have an insurance policy, you will want to have a copy of it when getting a new quote. This allows you to compare the old policy with the new quote. It also gives you the information that you need to match up each coverage benefit for an accurate quote.
  • You will also want to have driver information if you have a fleet of cars that service your company. You can add auto coverage to protect your cars and each driver that works for you by adding this type of coverage.
  • You will also want to know how much merchandise protection you need. This means that you will need to know what your inventory is worth. This way you can be sure that your policy coverage limits are high enough to cover everything.

If you live in zip code 80002 and are looking for a quote for commercial insurance, then our agents can help you. Give us a call today and let us provide you with the information you need in order to make an informed decision regarding your insurance needs. As your agent we can answer all your questions and provide you with a policy to meet your insurance needs.

Get Instant Car Insurance Quotes in Arvada, CO

A part of the greater Denver metropolitan area, Arvada, CO is a town with a lot going on. Not only is it a scant few miles outside the town limits of the world famous Mile High City of Denver, it has plenty of its own attractions, as well. There is its thriving historic district, two national wildlife refuges, and its center for the arts and humanities to start. In addition, Arvada has a long history as a gold mining town and was an important part of the mid-1800’s gold rush, with remnants from that time that can still be seen today. With clean air, lots of shopping and modern conveniences nearby, and gorgeous scenery, the 80002 zip code area is the place to be in Colorado.

Because the roads in and out of Arvada are often high and rocky as they lead up to and out of Denver, it is important to make sure your car has strong insurance coverage. Most Arvada drivers are familiar with the roads and can traverse them well. However, the millions of tourists Denver gets each year are not always so well-trained on these roadways. Accidents can happen to even the most experienced local driver, either from the actions of others or from icy, snowy conditions. Keeping the best, most solid car insurance coverage means protecting your interests if your car is damaged or if someone initiates a personal injury lawsuit against you.

You can go to the CO Insurance Specialist website to get instant quotes on auto insurance policies, so you can see how much extra protective coverage will cost you. You can also talk to one of our local agents in person to discuss the type of coverage that is best for you. Contact your CO Insurance Specialist agent today and get the peace of mind that comes with knowing you’re covered for any eventuality in your car.

Colorado: The 3 Levels of Learning Permits for Teen Drivers

Colorado is a beautiful state with plenty to see and do in it. From the staggeringly gorgeous Rocky Mountains to the famous mile high city of Denver, you will never run out of things to entertain you in this great western state. If you love the outdoors, you will find miles of hiking, mountain biking, and snowshoeing trails available year round. There is a lot of wilderness here, so you have plenty of chances to see wildlife of all kinds. The air is clean, the people are progressive-minded, and there are lots of "green" businesses to patronize. It was also listed as among the top 3 states in the nation for business by CNBC in 2010, meaning there are lots of job and entrepreneurial opportunities here.

If you’re moving to Colorado, or have recently moved there, you’re going to need some time to become accustomed to the state’s driving laws. They may be different from the state you’re leaving. This is particularly true when it comes to a teen getting a learners permit to drive, and the car insurance requirements for both teen and adult drivers.

There are three stages of licensing for beginning drivers under the age of 21 in Colorado (if you’re over 21, these stages do not apply to you, and you can just test for your regular license). The stages are:

Driver Education Permit–Teens between 15 and 15 1/2 years old can apply.

Driver Awareness Permit–Teens between 15 1/2 and 16 years old can apply.

Minor Learner’s Permit–Young people between 16 and 21 years old can apply.

Each type of permit comes with its own set of requirements for obtaining and using it. Permits are good for three years each, but the next permit may be applied for prior to that, once the teen reaches the correct age.

If you have any questions about adding a teen driver to your car insurance in Colorado, or what the coverage requirements are for adult drivers, contact one of your local CO Insurance Specialist agents to discuss it. You can also get instant auto insurance quotes online on the CO Insurance Specialist website whenever you need one.

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