Commercial Auto Insurance | Business Coverage
Commercial auto insurance companies offer commercial auto insurance coverage that has higher liability limits than personal auto insurance policies. Commercial auto insurance quotes will reveal that commercial auto insurance costs vary dramatically by vehicle types like limousines and 18-wheelers. Shuttle services, fleet services, and delivery services must have a commercial auto insurance policy.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
UPDATED: Jan 6, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jan 6, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
On the surface, commercial auto insurance can seem very similar to personal car insurance coverage. After all, both policies provide protection for a motor vehicle against a variety of perils, and both offer liability protection for car accidents.
However, commercial auto insurance differs from its personal counterpart in a few important ways, including the scope of the policy.
If your business requires the use of one or more vehicles, you probably need to carry a commercial auto policy or fleet insurance.
How Commercial Auto Insurance Differs from Private Coverage
In terms of coverage, commercial and private auto policies are usually pretty similar. Each can have collision, comprehensive, bodily injury, and liability coverage, and you can stack up different commercial policies against each other, similar to, say, comparing comprehensive car insurance policies.
However, the liability limits of a commercial policy will tend to be higher than those for personal insurance, as commercial drivers are open to more risks and litigation.
Additionally, commercial policies will have a greater scope. They are designed to pay for large fleets of vehicles or very expensive custom vehicles that would not usually be owned by private individuals. You can compare quotes from car insurance companies that insure modified cars to find the best policy for you.
Different types of commercial policies apply in these situations. For example, some policies are made for fleet companies, while others are designed to provide taxi auto insurance.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Who Needs Commercial Car Insurance?
Any company that uses vehicles as part of its business should consider purchasing commercial auto coverage. A few businesses have a particularly high need for this type of insurance:
- Taxi, shuttle, and limo services
- Fleet services
- Delivery services (such as Instacart car insurance)
- Any business that requires driving clients from one location to another
These types of businesses carry high liability risks, and the price of a claim can be extensive if an accident were to occur. Carrying the appropriate amount of auto insurance, alongside business general liability insurance, can protect the company from devastating lawsuits in the wake of a car accident.
It’s also worth noting that commercial insurance premiums for business vehicles can often be lowered by ensuring that sufficient security is installed to protect them.
Protecting your commercial vehicles by keeping them behind security gates and steel barriers in areas monitored by security cameras demonstrates to potential insurers that the risk of theft is significantly lower. For instance, if you drive a food truck, keeping it protected with this extra security combined with food truck insurance can keep your risk level low in the eyes of your insurance provider.
Many people mistakenly complete business-related activities in their privately insured vehicles, not realizing that this could result in a denied claim if the insurer found out.
It’s always better to be safe than sorry when purchasing insurance coverage, and check with your insurance company before using your personal car for business tasks. Don’t take a risk with your personal auto insurance policy. Commercial coverage for business purposes is designed to meet your business insurance needs, whether through a basic commercial car insurance policy or more comprehensive coverages.
How Much Does Commercial Auto Coverage Cost?
The cost of a commercial auto policy will depend on your company’s risk level and the type of protection you require. The expense of insuring a fleet of 18-wheel tractor-trailers with fleet insurance will differ from that of a limousine service.
It is important to have your business analyzed by multiple insurance companies in order to get personalized quotes and find the best policies from the best insurance companies. This will give you sense of how much it will cost to insure your vehicles, depending on policy limits and coverage limits.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.