Our picks for best commercial auto insurance providers are Travelers, State Farm, Eerie Insurance, Geico and Progressive.
Discover if you are overpaying for car insurance below
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Our picks for best commercial auto insurance providers are Travelers, State Farm, Eerie Insurance, Geico and Progressive.
Discover if you are overpaying for car insurance below
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Key Takeaways:
If you have a vehicle that’s used for business, it’s critical that you cover it with commercial auto insurance. A personal auto insurance policy isn’t enough, so you could find yourself in legal trouble if you don’t purchase a separate policy for business functions.
We at the MarketWatch Guides team have researched the best car insurance providers to find out which ones offer the strongest commercial auto insurance policies. We also dug into the details of commercial insurance to reveal exactly what coverage you’ll need on your vehicles.
In our review of auto insurance providers, we believe that Travelers is the best company overall for personal and business vehicle policies. The company offers great pricing, customer service and plenty of coverage options to choose from. We also believe State Farm Erie Insurance, Geico and Progressive are great options to consider as well.
Below you can compare ratings for our top companies for commercial vehicle insurance:
Business Auto Insurance Provider | Our Rating (Out of 10.0) | Company Award |
Travelers | 9.5 | Best For Most Drivers |
State Farm | 9.4 | Best Customer Service |
Erie Insurance | 9.4 | Best For Basic Insurance Coverage |
Geico | 9.1 | Best For Budget-Conscious Drivers |
Progressive | 9.0 | Best For Tech-Savvy Drivers |
Below, we’ll detail our top company’s pros and cons, offerings and prices, along with customer reviews and reputation in the industry.
Commercial auto insurance is the coverage required on all vehicles that are regularly used to conduct business functions. This includes the following vehicles:
Commercial vehicle insurance only covers damages during business use of a vehicle, whether the vehicle is driven by you or an authorized driver. Personal auto insurance policies only cover you when a car is used outside of commercial activities. Business car insurance often has higher coverage limits and is more expensive than personal policies.
Most business owners can expect to spend at least $2,000 for full coverage commercial auto insurance based on quotes we received from insurers. However, your business car insurance policy premium can vary widely depending on many factors like your industry, vehicle type, and provider you choose.
We reached out for commercial auto insurance quotes for a 2020 Ford Transit-150 that’s used by a painting business in Pittsburgh, as one example. Below are the rate estimates we received:
Auto Insurance Provider | Estimated Monthly Rate | Estimated Annual Rate |
Geico | $167 | $2,004 |
Progressive | $221 | $2,646 |
The industry you’re in is one of the major influences on the final premium you receive. To help you understand what pricing you may get, we’ve broken down average commercial auto insurance costs for small businesses by industry:
Business Industry Category | Average Monthly Commercial Auto Insurance Cost | Average Annual Commercial Auto Insurance Cost |
Auto Services | $69 | $828 |
Media and Advertising | $92 | $1,104 |
Wholesale | $102 | $1,224 |
Building Design | $122 | $1,464 |
Nonprofits | $123 | $1,476 |
Real Estate | $138 | $1,656 |
Retail | $138 | $1,656 |
Professional Services | $139 | $1,668 |
Consulting | $151 | $1,812 |
Food and Beverage | $152 | $1,824 |
Cleaning Services | $163 | $1,956 |
Construction and Contracting | $173 | $2,076 |
Landscaping | $180 | $2,160 |
Installation Professionals | $184 | $2,208 |
IT/Technology | $198 | $2,376 |
You’ll typically pay more for commercial auto coverage than personal auto coverage because business vehicles are generally at a higher risk of damage than personal vehicles on the road. This is especially true if you’re in an industry that requires you drive the vehicle often and/or for long distances. Commercial vehicles and the property in them also tend to have higher values, which raises premiums due to larger replacement costs.
Certain factors almost always impact your car insurance premiums, and some apply specifically to commercial auto insurance. Below, we’ll look at what may affect your rates:
You’ll want to consider multiple commercial auto insurance quotes before picking a policy. That way, you can find extensive coverage policies at affordable rates.
You can receive a business auto insurance quote by either shopping online or talking to an agent. Before getting quotes from multiple providers you’ll need this information:
If you’re looking for commercial auto insurance quotes, you can use our free tool to get pricing and compare multiple companies:
[Compare Rates Widget]
Commercial auto insurance can cover various things, including bodily injury, property damage, collision, medical payment and uninsured motorist coverage. Policies are also available with comprehensive and personal injury protection.
The types of commercial auto insurance coverage are similar to those from personal car insurance policies. We’ll run through the most common types below:
Type of Auto Insurance | Description |
Bodily injury liability insurance | Liability car insurance that pays for the medical expenses of other drivers when you’re at fault for an accident |
Property damage liability coverage | Physical damage coverage that takes care of repairs for other vehicles after an accident you cause |
Collision insurance | Collision coverage that pays for damages to your vehicle caused by a car accident, regardless of fault |
Comprehensive insurance | Protects your vehicle against damages due to environmental factors, theft and vandalism |
Medical payments (MedPay) coverage | Covers your medical and funeral expenses if you’re involved in an accident |
Personal injury protection (PIP) | Takes care of your medical expenses in no-fault car insurance states |
Uninsured motorist coverage | Covers medical bills and property damage from an accident caused by an uninsured driver |
Read more: Types of auto insurance policies
Many car insurance companies offer additional types of coverage, such as roadside assistance, rental reimbursement and towing services. These commercial auto insurance add-ons are optional, but they may add peace of mind in the event of a mechanical breakdown.
Anyone who regularly uses their vehicle for business purposes must purchase commercial auto insurance. Below are a few situations when you’ll be required to carry a commercial policy:
Commercial auto insurance isn’t the same as rideshare insurance, which you’ll want to purchase if you drive for ride-hailing services such as Uber and Lyft. Commuting to work is considered personal use, so you won’t need commercial auto insurance for that activity.
If your company uses hired or borrowed vehicles, such as rental cars or an employee’s car, you’ll need non-owned car insurance. This basic coverage provides commercial vehicle insurance for short-term needs, and it typically pays for general liability and legal defense costs.
You do need both a personal car insurance policy and a policy for commercial auto insurance if you own a business. Vehicles are generally considered at higher risk of damage when they’re used to perform business, which is why states have higher requirements for this coverage.
If you’ve decided that commercial auto insurance is right for you, it’s necessary to understand the regulations within your state since they vary widely. Below is a breakdown of state-by-state coverage requirements for commercial vehicles.
Keep in mind that coverage limits in format (example: 10/20/5) are in thousands of dollars. Coverage limits they stand for, from left to right: bodily injuries per person, bodily injuries per accident and property damage per accident.
State | Commercial Auto Insurance Requirements |
Alabama | • 1-5 passenger capacity: 25/50/10 • 16-20 passenger capacity: 50/200/30 • 21+ passenger capacity: 100/500/50 • If transporting non-hazardous materials: 100/300/50 |
Alaska | • $500,000 bodily injury and $200,000 property damage |
Arizona | • 1-8 passenger capacity: $250,000 combined single limit (CSL) and $250,000 uninsured motorist coverage • 9-15 passenger capacity: $750,000 CSL and $300,000 uninsured motorist coverage • 16+ passenger capacity: $5 million CSL; $300,000 uninsured motorist • If transporting non-hazardous materials: Vehicle weight s20,001-26,000 pounds you need $300,000 CSL coverage. If more than 26,000 pounds, you need $750,000 CSL coverage • If transporting hazardous materials: $1 million to $5 million depending on substance. |
Arkansas | • 1-12 passenger capacity: 50/80/30 • 13-20 passenger capacity: 50/120/30 • 21-30 passenger capacity: 50/160/30 • 31 or more passenger capacity: 50/200/30 • If transporting non-hazardous materials: 50/100/30 • If transporting hazardous materials: $1 million to $5 million depending on substance. |
California | • 1-7 people: $750,000 CSL Coverage • 8-15 people: $1.5 million CSL Coverage • 16+ people: $5 million CSL Coverage • Transport Vehicle Weight: Under 10,000 pounds needs $300,000 CSL coverage. Over 10,000 pounds needs $750,000 CSL coverage • If transporting home goods: 250/500/100 or $600,000 CSL • If transporting petroleum products/waste: 500/1,000/200 or $1.2 million CSL • If transporting hazardous materials: $1 million to $5 million depending on substance |
Colorado | • 1-8 people: $500,000 CSL coverage • 9-15 people: $1.5 million CSL coverage • 16-32 people: $3 million CSL coverage • 33+ people: $5 million CSL coverage • Home and vehicle movers: Towing carriers need $750,000 CSL coverage • Transporter weight: Less than 10,000 pounds needs $300,000 CSL and more than 10,000 pounds needs $750,000 CSL |
Connecticut | • 1-7 people (Passenger non-livery): 50/100/10 or $100,000 CSL coverage • 8-12 people (Passenger non-livery): 50/150/10 or $150,000 CSL coverage • 13-20 people (Passenger non-livery): 50/200/10 or $200,000 CSL coverage • 21-30 people (Passenger non-livery): 50/250/10 or $250,000 CSL coverage • 31+ people (Passenger non-livery): 50/300/10 or $300,000 CSL coverage • Livery transporters: 1-14 person capacity needs $1.5 million CSL and over 15 person capacity vehicles need $5 million CSL coverage • Property carriers: 200/600/100 |
Delaware | • Taxis: $25,000 bodily injury and $10,000 property damage coverage • Limousines and charter buses: $100,000 bodily injury and $50,000 property damage coverage • School buses: $1 million CSL and 100/300 personal injury protection coverage |
Florida | • Passenger vehicles: 100/300/50 or $300,000 CSL • Property carriers: 26,000-34,999 pounds needs $50,000 CSL. 35,000-43,999 pounds needs $100,000 CSL and 44,000 or more pounds needs $300,000 CSL coverage |
Georgia | • 1-12 people (Limos): 100/300/50 • 13+ people (Limos): 100/500/50 • Instrastate carriers: 100/300/50 |
Hawaii | • 1-7 people (Passenger vehicles): 100/200/50 • 8-25 people (Passenger vehicles): 100/500/50 • 26+ people (Passenger vehicles): 100/1,000/50 • Property carriers: 250/750/250 |
Idaho | • Passenger vehicles: 1-24 people needs $1.5 million CSL and 25 or more people needs $5 million CSL coverage • Property carriers: non-hazardous transports need $750,000 in CSL coverage and hazardous carriers need anywhere from $1-$5 million depending on the substance |
Illinois | • 10-13 people (Passenger vehicles): $1 million bodily injury and $100,000 property damage • 14-20 people (Passenger vehicles): $1.5 million bodily injury and $100,000 property damage • 21-30 people (Passenger vehicles): $2 million bodily injury and $100,000 property damage • 31+ people (Passenger vehicles): $3 million bodily injury and $100,000 property damage • Medical transport vehicles and other for-hire transport: $250,000 bodily injury, $50,000 property damage or $300,000 CSL • Property carriers: $750,000 CSL • Tow truck operators: $500,000 CSL • Hazardous substance carriers: $1 million to $5 million CSL, depending on the substance |
Indiana | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Contract carriers transporting railroad employees: $5 million CSL • Fleet vehicles under 10,000 pounds: $300,000 CSL • Fleet vehicles 10,001 pounds or more: $750 CSL • Hazardous substances transporter: $1 million to $5 million CSL, depending on the substance |
Iowa | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Taxis with fewer than 7 passengers: $1 million CSL • Vehicles under 10,000 pounds: $300,000 CSL • Vehicles 10,001 pounds or more: $750,000 CSL • Hazardous substances transporter: $1 million or $5 million CSL, depending on the substance |
Kansas | • Passenger vehicles: 100/300/50 • Property transports: 100/300/50 |
Kentucky | • 1-7 people (Passenger vehicles): 100/300/50 • 8+ people (Passenger vehicles): 100/600/50 • Transport vehicles 18,000 pounds or less: 100/300/50 • Transport vehicles over 18,000 pounds: 100/600/50 • Carriers of petroleum or petroleum products under 10,000 pounds: 100/300/50 • Carriers of other hazardous materials: $1 million CSL |
Louisiana | • Passenger buses: 250/500/10 • Trucks: 250/500/10 • Passenger-carrying vehicles: 250/500/10 • Tow trucks: $500,000 CSL |
Maine | • School bus seating 1-30: $500,000 CSL • School bus seating more than 30: $1 million CSL • Interstate vehicles seating 1-3 people: 50/100/25 or $125 CSL • Intrastate vehicles seating 4-7 people: $300,000 CSL • Intrastate vehicles seating 8-15 people: $750,000 CSL • Intrastate vehicles seating 16-30 people: $1.5 million CSL • Intrastate vehicles seating more than 30 people: $2 million CSL • Interstate passenger vehicles: 1-15 people needs $1.5 million CSL and for 16 or more people you need $5 million CSL coverage • Property carriers: $350,000 CSL • Rental cars: 50/100/25 • Rental trucks: 50/100/25 or $125,000 CSL |
Maryland | • 1-7 people (Passenger vehicles): 50/100/20 or $120,000 CSL • 8-15 people (Passenger vehicles): 75/200/50 or $250,000 CSL • 16+ people (Passenger vehicles): 75/400/100 or $500,000 CSL • Taxis: 25/50/10 • Hazardous material transporters: $1 million to $5 million CSL |
Massachusetts | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ (Passenger vehicles): $5 million CSL • Sightseeing or charters with seating for fewer than 32 people: $1.5 million CSL |
Michigan | • 1-9 people (Passenger vehicles): $1 million CSL • 10-15 people (Passenger vehicles): $2 million CSL • 16+ people (Passenger vehicles): $5 million CSL plus property protection • Limousines: $1 million CSL • Taxis: $300,000 CSL • Vehicles 10,000 pounds or over with nonhazardous materials: $500,000 CSL • Vehicles 10,000 pounds or over with hazardous materials: $1 million CSL • Vehicles under 10,000 pounds with nonhazardous materials: 100/300/50 or $1 million CSL |
Minnesota | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16 or more people (Passenger vehicles): $5 million CSL • Nonhazardous material carriers: 100/300/50 • Hazardous material carriers: $1 million to $5 million CSL, depending on the substance |
Mississippi | • 1-15 people (Passenger carriers): $1.5 million CSL • 16+ people (Passenger carriers): $5 million CSL • Carriers under 10,000 pounds with nonhazardous materials: $300,000 CSL • 10,000 pounds or more with nonhazardous materials: $750,000 CSL • Carrier vehicles with hazardous materials: $1 million to $5 million CSL, depending on the substance |
Missouri | • Interstate for 1-15 people (Passenger vehicles): $1.5 million CSL • Interstate for 16+ people (Passenger vehicles): $5 million CSL • Intrastate for 1-12 people (Passenger vehicles): 100/300/50 • Intrastate for 13+ people (Passenger vehicles): 100/500/50 • Tow trucks: $500,000 CSL • Interstate carriers 10,000 pounds or more: $750,000 CSL • Intrastate carriers except hazardous waste: 100/300/50 • Transporters of hazardous materials: $1 million to $5 million CSL, depending on materials |
Montana | • 1-7 people (Passenger vehicles): $100,000 CSL • 8-15 people (Passenger vehicles): $500,000 CSL • 16-26 people (Passenger vehicles): $750,000 CSL • Carriers: Under 10,000 pounds needs $100,000 CSL and if 10,000 pounds or more you need $500,000 CSL coverage • Class A tow truck: $300,000 CSL • Class B tow truck: $500,000 CSL • Class C tow truck: $750,000 CSL |
Nebraska | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Taxis and limousines: $500,000 CSL • Carriers of property: $750,000 CSL |
Nevada | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Taxis and horse-drawn vehicles: 250/500/50 • Nonhazardous material carriers: $500,000 to $750,000 CSL, depending on cargo specifics • Hazardous material carriers: 300/2,500/1,000 or 300/2,500/5,000, depending on cargo specifics |
New Hampshire | • 1-7 people (Passenger vehicles): 100/700/100 • 8-12 people (Passenger vehicles): 100/1,500/100 • 13+ people (Passenger vehicles): 100/5,000/100 |
New Jersey | • 1-12 people (Passenger vehicles): 25/100 bodily injury; 10/25 property damage • 13-20 people (Passenger vehicles): 25/200 bodily injury; 10/25 property damage • 21-20 people (Passenger vehicles): 25/400 bodily injury; 10/25 property damage • 31+ people (Passenger vehicles): 25/600 bodily injury; 10/25 property damage • Limousines: $1.5 million CSL • Jitneys (buses): 10/100/5 • Carriers up to 26,000 pounds: $750,000 CSL • Carriers 26,000 pounds or more: $1 million CSL • Garage keepers liability: $100,000 CSL |
New Mexico | • 1-6 people (Passenger vehicles): $1 million CSL • 7-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Household goods carriers: $750,000 CSL • Towing services: $750,000 CSL • Hazardous materials transport: $5 million CSL |
New York | • 1-12 people (Passenger vehicles): 100/300/50 • 12 or more people (Passenger vehicles): 100/500/50 • Property carriers: 100/300/50 • Hazardous materials carriers: $1 million or $5 million CSL, depending on materials |
North Carolina | • 1-15 people (Passenger vehicles): $1.5 million CSL • 15+ people (Passenger vehicles): $5 million CSL • School buses: $1 million to $1.5 million CSL • Taxis: 100/300/50 • Property carriers: 26,000 pounds or less needs 100/300/50 and over 26,000 pounds needs $750,000 CSL coverage |
North Dakota | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Fleet vehicles under 10,000 pounds: $300,000 CSL • Nonhazardous freight of 10,001 pounds or more: $750,000 CSL • Hazardous freight: $1 million to $5 million CSL, depending on substance |
Ohio | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Intrastate carriers: $750,000 CSL • Hazardous material carriers: $1 million to $5 million CSL, depending on substance |
Oklahoma | • 1-6 people (Passenger vehicles): $100,000 CSL • 7-9 people (Passenger vehicles): $750,000 CSL • 10-15 people (Passenger vehicles): $1 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Carriers under 10,000 pounds: $300,000 CSL • Carriers 10,000 pounds or more: $750,000 CSL • Household goods carriers: $750,000 CSL • Restricted property carriers: $350,000 CSL • Hazardous material carriers: $1 million to $5 million CSL, depending on the specifics |
Oregon | • All Oregon passenger carriers: $750,000 CSL • All Oregon property carriers: $750,000 CSL |
Pennsylvania | • 1-15 people (Passenger vehicles): 15/30/5 • 16-28 people (Passenger vehicles): $1 million CSL • 29+ people (Passenger vehicles): $5 million CSL • Property carriers: $300,000 CSL |
Rhode Island | • Public motor vehicles: $1.5 million bodily injury; $100,000 property damage • Common and contract: 250/500/25 • Public livery: $300,000 CSL or 250/500/100 split limit • Jitneys: $300,000 CSL or equivalent split limit |
South Carolina | • 1-15 people (interstate passenger vehicle): $1.5 million CSL • 16 or more (interstate passenger vehicle): $5 million CSL • 1-7 people (intrastate passenger vehicle): 25/50/25 • 8-15 people (intrastate passenger vehicle): 25/100/25 • 16+ people (intrastate passenger vehicle): 25/300/25 • Nonhazardous freight under 10,000 pounds (intrastate): $500,000 CSL • Hazardous freight under 10,000 pounds (intrastate): $5 million CSL • Nonhazardous freight 10,000 pounds or more (interstate): $750,000 CSL • Hazardous freight 10,000 pounds or more (interstate): $5 million |
South Dakota | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16 or more people (Passenger vehicles): $5 million CSL • Fleet vehicles under 10,000 pounds: $300,000 CSL • Nonhazardous materials vehicles 10,000 pounds or greater: $750,000 CSL • Hazardous material carriers: $1 million or $5 million CSL, depending on substance |
Tennessee | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Nonhazardous carriers under 10,000 pounds: $300,000 CSL • Nonhazardous carriers 10,000 pounds or more: $750,000 CSL • Hazardous material carriers: $1 million or $5 million CSL, depending on substance |
Texas | • 16-26 people (Passenger vehicles): $500,000 CSL • 27+ people (Passenger vehicles): $5 million CSL • Household goods carriers 26,000 pounds or less: $300,000 CSL • Household goods carriers over 26,000 pounds: $500,000 CSL • Hazardous material carriers: $1 million or $5 million CSL, depending on substance |
Utah | • 1-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Nonhazardous carrier vehicles under 10,000 pounds: $300,000 CSL • Nonhazardous carrier vehicles 10,000 pounds or more: $750,000 CSL • Hazardous material carriers: $1 million or $5 million CSL, depending on substance |
Vermont | • 1-7 people (Passenger vehicles): 50/100/50 • 8-12 people (Passenger vehicles): 50/250/50 • 13-20 people (Passenger vehicles): 50/300/50 • 21-30 people (Passenger vehicles): 50/350/50 • 31+ people (Passenger vehicles): 50/300/50 • 1-9 people (School busses): 100/300/50 • 10 or more people (School busses): 300/500/50 |
Virginia | • 1-6 people (Passenger vehicles): $350,000 CSL • 7-15 people (Passenger vehicles): $1.5 million CSL • 16+ people (Passenger vehicles): $5 million CSL • Vehicles more than 7,500 but less than 10,000 pounds: $300,000 CSL • Vehicles 10,000 pounds or more: $750,000Intrastate property carriers: $750,000 CSL |
Washington | • 1-15 people (Passenger vehicle): 100/300/50 • 16 or more people (Passenger vehicle): 100/500/50 • Private nonprofit bus transportation for 1-15 people: $500,000 CSL • Private nonprofit bus transportation for 16 or more people: $1 million CSL • Nonhazardous materials on truck under 10,000 pounds: $300,000 CSL • Nonhazardous materials on truck 10,000 pounds or more: $750,000 CSL • Hazardous materials on truck under 10,000 pounds: $300,000 CSL • Garbage and refuse collection vehicles: $1 million to $5 million CSL, depending on the substance |
Washington, D.C. | • Taxis: 10/20/5 • Carriers with a seating capacity of up to 15: $1.5 million CSL • Carriers with unrestricted seating capacity: $5 million CSL |
West Virginia | • 1-5 people (Passenger vehicle): 100/200/25 • 6-12 people (Passenger vehicle): 200/500/25 • 13-20 people (Passenger vehicle): 200/600/50 • 21-30 people (Passenger vehicle): 200/750/50 • 31+ people (Passenger vehicle): 200/900/75 • Interstate passenger vehicles: 1-15 people needs $1.5 million CSL while16 or more people needs $5 million CSL coverage • Nonhazardous intrastate carriers: 200/600/100 • Interstate nonhazardous carriers: Vehicles less than 10,000 pounds need $300,000 CSL and Vehicles 10,000 pounds or more need $750,000 CSL • Hazardous material carriers: $1 million or $5 million CSL, depending on specifics |
Wisconsin | • 1-7 people (Passenger vehicles): 100/300/50 • 8-12 people (Passenger vehicles): 100/350/50 • 13-20 people (Passenger vehicles): 100/400/50 • 21-30 people (Passenger vehicles): 100/450/50 • 31+ people (Passenger vehicles): 100/500/50 • School buses with 37 or more people: $1 million CSL • Passenger vehicles for hire: 10,000 pounds or less needs $300,000 CSL, more than 10,000 pounds with up to 15 people neefs $1.5 million CSL, and than 10,000 pounds with 16 or more people needs $5 million CSL coverage • Exclusive interstate passenger carriers: 15 or fewer passengers: $500,000 CSL 16 or more passengers: $1 million CSL • Nonhazardous carrier vehicles: 10,000 pounds or less: $300,000 CSL • Nonhazardous carrier vehicles: more than 10,000 pounds: $750,000 CSL • Hazardous transport vehicles: $1 million or $5 million CSL, depending on the substance |
Wyoming | • Bodily injury/property damage for all passenger and carrier vehicles: $750,000 CSL |
Commercial auto insurance can provide coverage for business use vehicles and those that get injured in accidents with them. Costs for policies vary widely based on a variety of factors that include location and type of vehicle. If you need commercial vehicle coverage, we suggest you compare quotes and weigh your options in order to get the best deal possible.
Below are some of the most frequently asked questions about commercial car insurance:
Commercial car insurance covers any vehicle that’s regularly used for business purposes. It’s important for small-business owners and those with fleets of vans or trucks to have commercial auto insurance coverage.
Commercial vehicles are used more often and typically during peak traffic hours, which means they may be more prone to accidents. For this and other reasons, these vehicles are considered a higher risk to insure than many personal passenger automobiles. Insurers typically charge higher premiums to make sure coverage remains dependable.
The MarketWatch Guide team likes Progressive for affordable car insurance options because the company’s policies are flexible and customers can expect to pay around $226 per month or $2,712 per year on average.
Commercial auto insurance can cover everything from personal cars used routinely for business to food trucks, van fleets and tractor-trailers.
Business auto insurance will typically cover vehicles that are used to perform regular tasks around town for the company. Commercial auto insurance covers vehicles used for specific purposes such as hauling equipment.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
Our credentials:
*Data accurate at time of publication.
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