Commercial auto insurance policies vary in coverage and in pricing. Generally, commercial auto insurance policies can cost between $1,000 to $3,000 annually. Remember, and this is really important…commercial use of your personal vehicle is likely NOT covered under your personal auto policy. Make sure you keep this in mind when deciding on auto coverage for your business.
Commercial auto insurance is similar to personal auto, as it is required by law. Each state across the nation is a bit different in its requirements. But, generally, policies provide protection against injuries and property damage.
Commercial auto insurance protects you and your employees when involved in an automobile accident while operating a vehicle owned by your business. This coverage is intended for those businesses that use vehicles as a central part of their operations.
Yes, but, remember coverages vary. Deductibles generally range from $500 to $2000.
A deductible is the amount a policyholder has to pay out of pocket before the insurance provider may cover the costs of the claim.
The major difference between a commercial auto insurance policy and non-owned auto and hired auto coverage is whether your business owns the vehicle. Own it = Commercial Auto. Short and Sweet.
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