Best Commercial Car Insurance Coverage Company (2024)
Some of the best companies for commercial car insurance include Progressive, Nationwide, Liberty Mutual, and more. Commercial car insurance generally offers similar coverage to personal car insurance but may have additional benefits or coverages. The best companies for commercial car insurance will provide affordable rates, excellent customer service, discounts, and more.
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Ty Stewart
Licensed Life Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Life Insurance Agent
UPDATED: Aug 13, 2023
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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: Aug 13, 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
- Some of the best companies for commercial car insurance include Progressive, Nationwide, Liberty Mutual, and more
- Commercial car insurance covers many of the same types of expenses as personal car insurance but may have added benefits or coverages
- Many businesses can get commercial car insurance quotes between $800 and $1,200 per vehicle per year
If you are self-employed or own a business that requires using a vehicle for business purposes, you may be wondering how commercial car insurance works and where you can find the best coverage.
You must buy the right kind of coverage instead of relying on personal car insurance or no coverage at all. Find a list of the best companies for commercial car insurance below.
Enter your ZIP code into our free quote comparison tool above to find an affordable commercial car insurance company near you.
Table of Contents
What are the best companies for commercial car insurance?
Major car insurance companies are increasingly offering commercial car insurance and policy options that can be used by small and large businesses alike. Below are some of the best companies for commercial car insurance.
Progressive
Progressive offers some of the best overall commercial auto insurance. Coverage includes liability, physical damage, personal injury, medical expense, and uninsured/underinsured motorist coverage for various business vehicles.
Progressive allows businesses to make seasonal changes to their policy, which is beneficial for seasonal businesses. It also provides fleet management tools for companies with at least three vehicles. However, Progressive will not cover businesses with more than 20 vehicles.
Nationwide
Nationwide provides a variety of coverage types and levels with deductibles as low as $0. You can insure many vehicles, but Nationwide does not offer coverage for semi-trucks or tractor-trailers.
You can find information and quotes for Nationwide online, but you will have to work with an insurance agent if you want to buy a policy. Additional benefits include new car replacement, rental reimbursement, and GAP coverage if you have financed vehicles.
Liberty Mutual
Liberty Mutual is highly ranked for its small business auto insurance. It has a solid financial reputation, and it has excellent customer service for its small business customers.
Liberty Mutual provides risk control services, such as driver safety training, large fleet monitoring, and an easy-to-use app for damage estimates.
Farmers
Farmers is an excellent choice for commercial car insurance, especially for businesses that only need to insure one vehicle. Farmers provides a wide variety of coverages, including specialized coverages for different industries.
Read more: best business insurance with car insurance
The company does offer some discounts to reduce your rates, but you may find more from other companies. However, Farmers makes up for this with its excellent customer service and an excellent mobile app.
Auto-Owners
While Auto-Owners is only available in 26 states, its customer service has made it a highly rated company for commercial auto insurance. Some of its policy options include roadside assistance, gap coverage, and more.
Some of the discounts available from Auto-Owners include multi-policy discounts, paid-in-full discounts, fleet telematics discounts, and seasonal discounts for farming vehicles.
The Hartford
The Hartford provides a large number of extra benefits for businesses insuring five or more vehicles. It offers many discounts, GAP coverage, downtime loss coverage, electronic device coverage, and deductible waivers for glass repair and situations which require claims against two policies.
The Hartford’s FleetAhead program includes electronic devices used for each vehicle that encourages safe driving, helps more easily manage accidents, and provide extra discounts.
GEICO
GEICO is a good provider of basic commercial car insurance. It provides coverage for a variety of types of vehicles, excluding semi-trucks and tractor-trailers. It also provides coverage specifically for rideshare drivers and others who transport people.
State Farm
State Farm provides some of the best customer service with fewer complaints than average. Its policy options are similar to other companies, but it does offer a few advantages that other companies may not.
For example, you may have the option of extending your liability coverage to personal vehicles if an employee is in an accident while they’re driving for business purposes. State Farm also offers rideshare coverage for drivers who can’t afford a full commercial policy.
Read more: Can I get car insurance for a car that is used for business purposes?
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What does commercial car insurance cover?
Similar to personal car insurance, different types of commercial car insurance cover various incidents. In general, there are coverages for liability and property.
Commercial liability coverage includes bodily injury liability, property damage liability, and pollution coverage. Bodily injury will cover injuries to other parties in an at-fault accident, while property damage will cover damages to another party’s property in an at-fault accident.
Pollution coverage will cover expenses if a vehicle leaks pollutants, such as gasoline or other automobile fluids, or chemicals or materials that are being transported.
Property damage coverage will cover the value of your vehicle(s) in case they are damaged or need to be replaced. Collision coverage will cover damage caused by an accident, while comprehensive coverage covers damage caused by situations generally not under the owner’s control.
How much does commercial car insurance cost?
In many cases, commercial car insurance rates can vary between $800 and $1,200 per vehicle per year. Let’s take a look at some of the average commercial car insurance rates by vehicle type:
| Car Type | Minimum Annual Commercial Auto Insurance Rates | Maximum Annual Commercial Auto Insurance Rates |
|---|---|---|
| Cab | $5,000 | $10,000 |
| Car | $600 | $2,400 |
| Cargo/Delivery Van | $3,300 | $6,200 |
| Limo | $4,000 | $6,000 |
| Semi | $8,000 | $12,500 |
Many different factors can affect the cost of your commercial auto insurance. Your location, industry, vehicle type, and the size of your fleet are all significant factors. In addition, the value and use of your vehicle(s) will also affect how much you have to pay.
How much commercial car insurance do I need?
Most commercial vehicles will have to meet at least the state’s liability and other insurance requirements:
| State | Insurance Required | Minimum Liability Required Limits |
|---|---|---|
| Alabama | BI & PD Liab | 25/50/25 |
| Alaska | BI & PD Liab | 50/100/25 |
| Arizona | BI & PD Liab | 15/30/10 |
| Arkansas | BI & PD Liab, PIP | 25/50/25 |
| California | BI & PD Liab | 15/30/5 |
| Colorado | BI & PD Liab | 25/50/15 |
| Connecticut | BI & PD Liab, UM, UIM | 25/50/20 |
| Delaware | BI & PD Liab, PIP | 25/50/10 |
| District of Columbia | BI & PD Liab, UM | 25/50/10 |
| Florida | PD Liab, PIP | 10/20/10 |
| Georgia | BI & PD Liab | 25/50/25 |
| Hawaii | BI & PD Liab, PIP | 20/40/10 |
| Idaho | BI & PD Liab | 25/50/15 |
| Illinois | BI & PD Liab, UM, UIM | 25/50/20 |
| Indiana | BI & PD Liab | 25/50/25 |
| Iowa | BI & PD Liab | 20/40/15 |
| Kansas | BI & PD Liab, PIP | 25/50/25 |
| Kentucky | BI & PD Liab, PIP, UM, UIM | 25/50/25 |
| Louisiana | BI & PD Liab | 15/30/25 |
| Maine | BI & PD Liab, UM, UIM, Medpay | 50/100/25 |
| Maryland | BI & PD Liab, PIP, UM, UIM | 30/60/15 |
| Massachusetts | BI & PD Liab, PIP | 20/40/5 |
| Michigan | BI & PD Liab, PIP | 20/40/10 |
| Minnesota | BI & PD Liab, PIP, UM, UIM | 30/60/10 |
| Mississippi | BI & PD Liab | 25/50/25 |
| Missouri | BI & PD Liab, UM | 25/50/25 |
| Montana | BI & PD Liab | 25/50/20 |
| Nebraska | BI & PD Liab, UM, UIM | 25/50/25 |
| Nevada | BI & PD Liab | 25/50/20 |
| New Hampshire | FR only | 25/50/25 |
| New Jersey | BI & PD Liab, PIP, UM, UIM | 15/30/5 |
| New Mexico | BI & PD Liab | 25/50/10 |
| New York | BI & PD Liab, PIP, UM, UIM | 25/50/10 |
| North Carolina | BI & PD Liab, UM, UIM | 30/60/25 |
| North Dakota | BI & PD Liab, PIP, UM, UIM | 25/50/25 |
| Ohio | BI & PD Liab | 25/50/25 |
| Oklahoma | BI & PD Liab | 25/50/25 |
| Oregon | BI & PD Liab, PIP, UM, UIM | 25/50/20 |
| Pennsylvania | BI & PD Liab, PIP | 15/30/5 |
| Rhode Island | BI & PD Liab | 25/50/25 |
| South Carolina | BI & PD Liab, UM, UIM | 25/50/25 |
| South Dakota | BI & PD Liab, UM, UIM | 25/50/25 |
| Tennessee | BI & PD Liab | 25/50/15 |
| Texas | BI & PD Liab, PIP | 30/60/25 |
| Utah | BI & PD Liab, PIP | 25/65/15 |
| Vermont | BI & PD Liab, UM, UIM | 25/50/10 |
| Virginia | BI & PD Liab, UM, UIM | 25/50/20 |
| Washington | BI & PD Liab | 25/50/10 |
| West Virginia | BI & PD Liab, UM, UIM | 25/50/25 |
| Wisconsin | BI & PD Liab, UM, Medpay | 25/50/10 |
| Wyoming | BI & PD Liab | 25/50/20 |
On top of this, if your business carries products or people over state lines, you will need to meet the insurance requirements from the Federal Motor Carrier Safety Administration.
In some states, there may be ways to avoid purchasing insurance by meeting the financial obligation of car insurance. For example, you may be able to make a cash deposit with the DMV, file a Certificate of Self Insurance, or other options allowed by your state.
If you need to buy commercial car insurance, enter your ZIP code into our free quote comparison tool below.
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Case Studies: Best Commercial Car Insurance Coverage Company
Case Study 1: Safetrans Insurance
In a recent case study, Safetrans Insurance emerged as the go-to choice for a small transportation business operating a fleet of delivery trucks. The company faced significant challenges when one of its vehicles was involved in a major accident, resulting in substantial damage and potential liability claims.
Safetrans Insurance swiftly responded to the situation, offering comprehensive coverage for repairs and assisting the business with a legal defense. Their exceptional claims handling and prompt resolution ensured the business could resume operations quickly.
Case Study 2: ShieldCover Assurance
A construction company, ABC Builders, sought a reliable commercial car insurance provider to safeguard their diverse fleet of vehicles. ShieldCover Assurance stepped up to the challenge and offered customized coverage options tailored to ABC Builders’ unique requirements.
When a company van was stolen from a construction site, ShieldCover Assurance efficiently handled the claim, reimbursing the company for the stolen vehicle and assisting in recovering the losses. The company praised ShieldCover Assurance for its exceptional customer service and proactive approach to risk management.
Case Study 3: SwiftInsure Solutions
In a case study involving a large logistics company, SwiftInsure Solutions demonstrated its expertise in providing comprehensive coverage and risk management solutions. When one of their client’s tractor-trailers was involved in a multi-vehicle collision on a busy highway, SwiftInsure Solutions promptly dispatched a claims adjuster to the scene.
They coordinated with emergency services, managed the investigation process, and ensured all parties involved received appropriate medical attention. The logistics company commended SwiftInsure Solutions for their efficient claims handling and commitment to minimizing business disruptions.
Case Study 4: Guardian Commercial Insurance
A local food delivery service, TastyEats, required commercial car insurance coverage that would protect their drivers and vehicles during their busy operations. Guardian Commercial Insurance provided them with a policy tailored to their needs.
When one of TastyEats’ delivery cars was rear-ended while making a delivery, Guardian Commercial Insurance quickly handled the claim and covered the costs of repairs. The company praised Guardian Commercial Insurance for its responsive customer service and commitment to supporting small businesses.
Frequently Asked Questions
What factors should I consider when choosing a commercial car insurance provider?
When choosing a commercial car insurance provider, it’s important to consider factors such as the provider’s reputation, coverage options, customer service, and pricing. You may also want to consider the provider’s experience with insuring businesses similar to yours, as well as any additional services or benefits they offer, such as risk management or loss control services.
What types of coverage are included in commercial car insurance?
Commercial car insurance can include liability coverage, which covers damages and injuries to others caused by the driver or vehicle, collision coverage, which covers damage to the insured vehicle in a collision, comprehensive coverage, which covers non-collision events such as theft, vandalism, or weather-related damage, and uninsured/underinsured motorist coverage, which provides protection in case the other driver involved in an accident does not have sufficient insurance to cover damages.
What is commercial car insurance?
Commercial car insurance provides coverage for vehicles that are used for business purposes. This can include cars used for deliveries, transporting goods or people, or any other type of business-related driving.
What are some of the best commercial car insurance providers?
Some of the best commercial car insurance providers include Nationwide, Progressive, Geico, and State Farm. However, the best provider for your business will depend on factors such as your industry, location, and specific coverage needs. It’s important to compare quotes and coverage options from multiple providers to find the best fit for your business.
What is the cost of commercial car insurance?
The cost of commercial car insurance will depend on factors such as the size and type of your business, the number of vehicles you need to insure, the coverage options you choose, and your driving history. You can expect to pay more for commercial car insurance than for personal car insurance, as commercial vehicles typically have higher liability risks. However, many providers offer discounts for things like safe driving or having multiple policies with the same provider.
How can I save money on commercial car insurance?
To save money on commercial car insurance, you can consider raising your deductibles, choosing a lower coverage level, taking advantage of discounts, and maintaining a safe driving record. You may also be able to save by bundling your commercial car insurance with other policies, such as general liability or property insurance.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Ty Stewart
Licensed Life Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Life Insurance Agent
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.