Auto Insurance Claims: auto insurance cost, personal auto policy, business deductions


Question
I am a physician in practice in michigan.I have 2 cars insured with esurance for about 2500/year. I am thinking of replacing one of my cars and buying a vehicle on business name to get business deductions etc. How would this impact my insurance cost ? If I buy this jointly in my name and business name, can i still keep insurance in personal name ? Any better ideas ?
I appreciate your time and effort addressing this question.  

Answer
Hi Anil,

Generally speaking, a business auto policy will be more expensive than a personal auto policy. You should call your agent to ask "what if questions". They should be able to answer your questions. Then you can decide if the benifits out weigh the costs.

I hope this helps.
Richard Hixenbaugh