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Thread: Insurance Pricing

  1. #1
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    Default Insurance Pricing

    We are company in Buffalo, NY and are currently paying a HIGHER rate for our town cars, than our stretches/buses.

    We questioned the insurance company, they said because they are classified as limousines, & the others are classified as buses.

    I'm just wondering if this is correct?

    Any feedback is appreciated.

  2. #2
    Senior Member LIMOJESS's Avatar
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    They know that sedans go out more than stretch limos and that is why they are more expensive.

    Also party buses are more expensive to insure that shuttle buses.

    Also the year of the sedans makes a difference. Not to mention major metro city use and company loss runs.

  3. #3
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    Our town cars actually go out less, & all our buses are limousine style seating, holding 20 + people.

    That is why we're trying to figure out why the town cars would cost more to insure.

  4. #4
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    Yah but Like mentioned above insurance companies look at industries as whole and vehicle use, maybe contact a different insurance company.

  5. #5
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    Thank you for your responses.

    We were just wondering if it was like that everywhere, as it really makes no sense at all.

  6. #6
    Senior Member Cedar Mill Limousine's Avatar
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    Quote Originally Posted by DeEtte View Post
    Thank you for your responses.

    We were just wondering if it was like that everywhere, as it really makes no sense at all.
    The odds of a sedan being involved in a liability suit (claim on insurance) is higher than other vehicles because they are on the road more because of the type of work they generally do (airport runs as opposed to stretches sitting idle for parties/weddings/etc). That is one of the reasons why one of the questions they ask you is what percentage of your work is airport work. Insurance companies look at risks and decide on premiums from there.
    Rich Rottier
    219.808.0976 | richrottier@gmail.com

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