Hunter NelsonOwner of Nelson Insurance Agency

The Hidden Clockwork of Commercial Insurance: Renew at the Right Moment or Risk It All!

5 May 2025 · 1 min

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0:55

YouTube video by Hunter Nelson offering practical guidance on timing and strategy for renewing commercial auto and business insurance. Key advice: small/young businesses should start looking ~60 days before renewal; fleets (especially general freight) should begin ~90 days ahead; very new businesses (<1 year) may have limited carrier options (e.g., Progressive, Geico). The speaker emphasizes that renewal work and available options vary by business size and time in business, and that rates change frequently.

Chapters

Foreign. So if your guys insurance here is renewing soon, what should you guys do and when should you start shopping for that? So it's gonna really depend on how big your business is, how long you've been in business. But I would say a general rule of thumb is about 60 days ahead, you should be looking at things, your agent should really be reaching out to you and you should be looking to see if there's any new options that prevented themselves, that has presented themselves. If you are a brand new venture and you're not coming for one year in business, there's probably not gonna be a whole lot for you. They hate to break the news, but you're probably looking at Progressive or geico. If you're one of them, you need to go check the other one maybe, right? If you're a fleet, you really should be checking 90 days ahead. There's a lot more work that goes into renewal and there's a lot more insurance companies that look at a fleet, especially if you're general freight. So you know, rates were changing all the time.