Best Car Insurance Companies That Accept Company Cars (2021)

Progressive, Travelers, and The Hartford are the best car insurance companies that accept company cars. If you or any of your employees drive for work-related reasons, consider buying commercial auto insurance. Since no two commercial car policies are the exact same, speak to an agent directly to find the best option for your needs.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Professor & Published Author D. Gilson, PhD

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Dec 14, 2021

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The Highlights

  • You should have commercial car insurance if either you or your employees use one or more company-owned vehicles for business purposes
  • There is no universal standard for commercial car insurance policies; speak with an agent to get the right coverage for your specific needs
  • Progressive, Travelers, and The Hartford are the most affordable car insurance companies that accept company cars

Do you drive a car for a rideshare service or travel long distances to meet with clients? Maybe you’re a small business owner who needs employees to drive their own vehicles for deliveries or other work-related tasks.

If any of the above apply to you, you’re likely in need of commercial auto insurance. But you may be wondering: Will any car insurance company be able to insure my vehicles for work-related use? And do all business car insurance plans offer the same sort of coverage?

Don’t worry, we’re here to help. With this guide, we’ll show you what you should know about car insurance for your business needs, so you can find the best car insurance companies that accept company cars.

After you feel you’re ready to compare car insurance options for your work-related travel, enter your ZIP code in the free online tool above to get an idea of the rates available.

What are the best car insurance companies that accept company cars?

If you’re looking for car insurance for company vehicles, many major car insurance providers offer commercial insurance. Some of the largest commercial car insurers include the following:

Of the insurers listed above, we consider Progressive, Travelers, and The Hartford to be the best commercial auto insurance providers.

Progressive is the largest commercial insurance provider by market share as of 2020 based on data from the Insurance Information Institute. With an A+ rating from A.M. Best, Progressive offers flexible insurance plans that can meet any small business’ commercial car insurance needs.

The second-largest commercial insurer by market share, Travelers has an A++ rating from A.M. Best. While Travelers may not be your first choice for personal insurance (received only two out of five stars from Consumer Affairs), this insurer has the superior financial standing and claim satisfaction record your business will want in the event of a costly accident.

While Progressive and Travelers are great options if you have fewer than five vehicles, there is a better choice if you plan to insure a fleet of cars. With an above-average consumer satisfaction rating from J.D. Power, The Hartford is the best option for those looking to insure multiple commercial vehicles.

How is commercial car insurance different from personal car insurance?

The key difference between personal car insurance and commercial car insurance is that commercial liability limits tend to be higher to account for the increased risk (and potential for lawsuits) associated with commercial operations.

Commercial car insurance is also generally more expensive than personal car insurance. That said, car insurance rates from companies that accept company cars are well worth it for the protection and peace of mind.

According to the Insurance Information Institute, commercial car insurance options can be divided into three broad categories:

  • Insurance for cars owned by your business
  • Insurance for cars owned, leased, or rented by your business
  • Insurance for all cars used by your business (including those not owned, leased, or rented)

Which one of these is best for you ultimately depends on how exactly vehicles play a role in your business operations. In general, businesses should buy car insurance that covers all cars used by employees regardless of ownership.

Are there any insurance companies that don’t accept company cars?

The short answer to this question is yes, some insurance companies may not be able to insure either your company’s vehicles specifically or commercial vehicles in general.

That said, most major car insurers offer some form of insurance for company vehicles. It’s best to speak to an agent directly if you’re not certain that all of your business-related car usage is covered.

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What does commercial car insurance cover?

Commercial car insurance coverage consists of two parts: Liability coverage and property coverage.

Commercial liability coverage relates to damage caused by your company vehicles to others or their property. Medical expenses, damage to property (like a mailbox or fence) caused by one of your vehicles, and pollutant cleanup costs are examples of this coverage type.

Commercial property coverage has to do with damage done to your vehicles, either due to a collision or other cause. There are two main forms of property coverage: Collision and comprehensive.

In general, collision coverage, as the name suggests, covers costs associated with collisions with vehicles and other objects while comprehensive coverage insures your vehicles against vandalism, theft, and weather-related damages.

What to Keep in Mind When Comparing Commercial Auto Insurance

While we consider Progressive, Travelers, and The Hartford to be the best commercial auto insurance providers overall, when it comes to your particular situation, be sure to compare commercial car insurance providers to find the most affordable option in your area.

And whatever provider you select, be sure that all of your commercial car insurance needs are covered. The Insurance Information Insitute recommends a business car insurance coverage limit of $1,000,000 with a minimum of $500,000.

Before you buy car insurance, try our free online tool to compare quotes from companies that accept company cars and narrow down the best commercial auto insurance options for you.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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