So without having all the details of my work's commercial auto insurance policy at hand, here's my scenario.
I have a company issued vehicle that I use for work constantly (I'm always using it to travel between jobsites and am carrying expensive and sensitive equipment for this position or running errands at all times of day and night). This is insured through our commercial auto insurance policy.
I also have a personal vehicle with auto insurance. Due to my work and lack of personal driving habits I rarely put any mileage on this personal vehicle. In the past 7 years I've accumulated <30k miles (with the bulk of that being prior to having a company vehicle for the first 2 years.
Can I benefit from this situation by getting a per mile type personal insurance policy for low mileage drivers? Keep in mind I put significant miles annually on the already insured work vehicle. Would having my personal car monitored while not having my work vehicle monitored work for this? There's no reason to personally insure my work vehicle so no reason for it to be tracked mileage-wise since it's already insured.
It seems as though this is a great way to save considerably (about $780/year by my math). Additionally, would I need to also get a "Drive Other Car Coverage Endorsement" to cover this potential GAP in my coverage? My research suggests that unless my personal policy covers this (doubtful that my current or any per mile insurance would) that I would need to have this for any incidental personal use?
I have a company issued vehicle that I use for work constantly (I'm always using it to travel between jobsites and am carrying expensive and sensitive equipment for this position or running errands at all times of day and night). This is insured through our commercial auto insurance policy.
I also have a personal vehicle with auto insurance. Due to my work and lack of personal driving habits I rarely put any mileage on this personal vehicle. In the past 7 years I've accumulated <30k miles (with the bulk of that being prior to having a company vehicle for the first 2 years.
Can I benefit from this situation by getting a per mile type personal insurance policy for low mileage drivers? Keep in mind I put significant miles annually on the already insured work vehicle. Would having my personal car monitored while not having my work vehicle monitored work for this? There's no reason to personally insure my work vehicle so no reason for it to be tracked mileage-wise since it's already insured.
It seems as though this is a great way to save considerably (about $780/year by my math). Additionally, would I need to also get a "Drive Other Car Coverage Endorsement" to cover this potential GAP in my coverage? My research suggests that unless my personal policy covers this (doubtful that my current or any per mile insurance would) that I would need to have this for any incidental personal use?