How Much Does Commercial Auto Insurance Cost?

There's no single price for commercial auto insurance. What you pay depends mostly on the vehicles you insure, who drives them, where they're kept, how far they travel, what your business hauls and the coverages and limits you choose. Two businesses with the same truck can pay very different amounts. The way to see your price is to request a quote. Tivly can match you with a partner from our network of 450+ insurance partners.

What Affects the Cost of Commercial Auto Insurance?

1. Your vehicles. The number, type, size and value of each vehicle. Heavier vehicles and newer, pricier ones usually cost more to insure.
2. How they're used. Daily mileage, how far from home they travel, and whether they carry tools, cargo or passengers.
3. Your drivers. Each driver's record, age and years of experience. Recent accidents or violations can raise the rate.
4. Your location. Where vehicles are garaged and driven. Busy urban areas and some states have higher claim costs.
5. Your industry. Contractors, delivery services and businesses that carry passengers face different risks.
6. Coverages, limits and deductibles. Higher liability limits and added physical damage coverage raise the premium. Higher deductibles usually lower it.
7. Your history. Past claims, years in business and whether you've kept coverage without gaps.

Why Is Commercial Auto Insurance More Expensive Than Personal Auto?

Business vehicles usually carry more risk than personal ones. They tend to drive more miles, have several drivers, carry tools or cargo and need higher liability limits to meet client contracts. Personal auto policies may also exclude business use, so a commercial policy is often the one written for how the vehicle is actually used. See commercial auto insurance for the differences between the two.

How Do Coverages and Limits Change the Price?

Liability coverage is the core of every policy, and most states set a minimum. Raising your liability limits raises the premium. Many businesses carry more than the minimum because contracts or lenders require it.

Collision and comprehensive cover damage to your own vehicles, so their cost follows each vehicle's value. Some owners drop these coverages on older vehicles that are paid off. A higher deductible on either one usually lowers the premium.

Does Commercial Auto Insurance Cost More for Some Businesses?

Yes. Vehicle size, cargo and passengers all change the risk. Some vehicles also need their own type of policy:

1. Semi-trucks and heavy haulers
2. Dump trucks
3. Tow trucks
4. Livery and passenger transport
5. Food trucks
6. Fleets of several vehicles

Tools left in a vehicle usually need inland marine insurance, and cargo you haul for others usually needs motor truck cargo insurance.

Does Commercial Auto Insurance Cost Differ by State?

Yes. Each state sets its own minimum liability limits, and some no-fault states require personal injury protection (PIP), which adds to the cost. Local traffic, theft rates and claim costs also play a part. See our guides for Texas, Georgia, New Jersey, Florida and California.

How Can I Lower My Commercial Auto Premium?

1. Check driving records before you hire, and keep a written driver safety policy.
2. Consider telematics or dash cams. Some insurers offer credits for them.
3. Choose deductibles you could cover after a claim.
4. Review collision and comprehensive coverage on older, paid-off vehicles.
5. Park vehicles in a secure, well-lit place.
6. Keep coverage continuous, since gaps can raise your rate.

How Do I Get a Commercial Auto Quote With Tivly?

1. Fill out the form above or call 877-907-5267.
2. Have your vehicle details, driver information, garaging address and how far you typically drive ready.
3. Our team matches you with a partner from our network of 450+ insurance partners, who can quote your business directly.

Many businesses that need commercial auto also carry general liability and workers' compensation.