Car Insurance Questions - Looking for Answers to Business Car Insurance Questions?
Answers to Common Car Insurance Questions
Q: I have two car insurance questions that I hope you can help me with. Can I write my car insurance off as a business expense? Also, if my car is registered to my business are my employees covered by the policy?
A: We would feel more comfortable answering these if we had an accountant and a lawyer on staff, but will give you our best guess with the caveat that you must check with your personal attorney and accountant to get a definitive answer.
Car insurance can be written off as a business expense in some states. Again this is a general statement and you should check with your accountant. In some instances this will depend on how many miles you drive, what type of business you own, and whether or not you own a personal vehicle.
In most cases your employees should be covered when driving your commercial vehicle for work purposes. Do not try to “stretch” the work purposes definition. If an employee is driving a car for non-work related purposes the insurance company may deny your claim.
We recommend you take these car insurance questions to the professionals who can answer them properly. The advice given here is for general information and should not be applied to your specific situation. Talk to an attorney and an accountant before proceeding.
We would also strongly recommend that you shop around and get some car insurance quotes from various providers as there’s a good chance that there are better rates out there than what you are currently paying. In case you weren’t aware, the Internet is a great place to shop for auto insurance because it’s quick, easy and convenient.
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