Finding car insurance for tax exempt vehicles is very similar to finding car insurance for any kind of vehicle. The main difference is that you need to make sure the insurance company understands that your organization is tax exempt. You can shop for an insurance company through all of the same avenues that you would use to find insurance for your private vehicle. All insurance companies that are based in the United States will be able to honor your tax exempt status. The insurance company will only pay for damage that is done to the vehicle while it is driven for business related to the tax exempt entity, however.
Online Quotes
One of the fastest and easiest ways to find car insurance for tax exempt vehicles is to begin with online car insurance quotes. Several online websites offer you the opportunity to enter your information into an easy to use form that will create a list of car insurance companies and the average premiums they charge for someone who matches your profile. Once you have a good list of companies with competitive prices, you can begin to do more detailed research into the policies that they offer. Narrow the list down to one or two insurance companies and call them for more specific information.
Insurance Companies That Specialize in Tax Exempt Policies
You can find insurance companies that specialize in covering tax exempt vehicles. The best way to track down a specialist is to talk to other tax exempt organizations about who insures their vehicles. You may be able to find a good tax exempt insurance company through an online search, as well. Insuring your vehicles through a specialist may save you some money because these companies are familiar with working with the needs of tax exempt organizations. Do some research before you settle on a specific insurance company, however. You may find that a traditional company can offer you rates that are better than a specialist in some cases.
Provide Proof of Tax Exemption
The most important difference between insuring a private vehicle and insuring a tax exempt vehicle is that you will need to provide proof that the organization that owns the vehicle is tax exempt. Your organization should have a tax exempt form that you can copy and give to the insurance agent as legal proof. The other difference between a private insurance policy and a tax exempt policy is that the car is only covered while it is being driven for organizational purposes. For example, if someone should drive the car home for some reason and find themselves involved in an accident the insurance company would not be able to pay for the damages.
