If you are a business owner then it is likely that your business is a large part of your life. After all, it is a huge time—and financial—commitment. If your business uses vehicles as a large part of daily life, then you need to have commercial car insurance. Although it is not affordable, you can save money by following these five tips:

1. Evaluate Employee Driving Records

A large part of your commercial auto insurance cost will come from the people—employees—that drive your vehicles. If you want to save money on your insurance, make sure you carefully evaluate the driving record of each person that will drive a car, truck, or van.

You can also save money by having every driver obtain a commercial driving license. As insurance companies often offer discounted rates for those with a good driving record and a commercial license.

2. Opt For a Higher Deductible

If you are confident in your drivers and believe that you will not encounter many accidents, opting for a higher deductible may be a good option for your business. Like personal auto insurance, you can save money on commercial insurance by paying a higher deductible. Although you will have to pay more out-of-pocket expenses in the event of an accident, you will pay a cheaper premium.

3. Choose an Alternate Payment Option

If you have extra cash in your budget, consider paying a large portion of your yearly premium outright. Insurance companies will often lower rates—or offer discounts—to those who pay more upfront.

You may also be able to save extra cash by paying via an electronic funds transfer. Sometimes, you may also get a discount for automatically paying or opting for paperless billing.

4. Bundle Policies

Several insurance companies will offer discounted rates for those who bundle policies within their company. So if you have multiple insurance policies for your business, consider combining policies under one insurer. For example, you may want to combine your general liability and auto insurance.

You may also be able to save money by bundling your commercial auto insurance with your personal auto insurance.

5. Miscellaneous Discounts

There are a variety of other discounts that you may be able to use as a business owner. For example, if you have been in business for more than 5-years, you may qualify for an "experienced business discount."

If you want to take advantage of all the discounts you can—and save as much as possible—use these tips and make sure you speak with your insurance company. Alternatively, you can hire an insurance broker to find all the deals for you—the choice is up to you.