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How Much Does Commercial Auto Insurance Cost - The Insurance Stops

How Much Does Commercial Auto Insurance Cost?

“I run a company that relies on delivery fleets and commercial vehicles. How much does commercial auto insurance cost?”

How Much Does Commercial Auto Insurance Cost - The Insurance Stops
How Much Does Commercial Auto Insurance Cost – The Insurance Stops

This is a great question. Commercial auto insurance is a must-have, especially if your business relies heavily upon delivery fleets and commercial vehicles. Without proper insurance coverage, you’re putting yourself at serious risk of having to pack out-of-pocket for an auto accident involving one of your commercial vehicles. So then, how much does commercial auto insurance cost? Is it worth the investment? Are the policies affordable? Do they offer enough coverage? Let’s address all of these questions as well as a few others.

New here? Glad to have you! We’re a team of certified, top-rated insurance professionals. We love educating people about insurance so they can feel more confident about their policies. In this blog post, we’ll answer the question, how much does commercial auto insurance cost? We’ll talk about what it is, what it covers, and if it’s worth it. Then, we’ll tell you how you can start comparing policies right away for free!

More on that in a minute. But first, let’s find out:

How much does commercial auto insurance cost on average?

The price of commercial auto policies will understandably vary between types. Some policies offer more coverage, while others offer slightly less coverage. The median cost of commercial auto insurance is right around $142 per month for a policy limit of $1 million. The price may increase or decrease depending on how much coverage you add or subtract, however.

There are a few other factors that can influence the price of your policy, including:

  • The type of commercial vehicles you are insuring
  • The number of vehicles you are insuring
  • How often those vehicles are driven
  • You and your employees’ driving records

Now, what is commercial auto insurance and what does it cover?

So, we’ve answered the question, how much does commercial auto insurance cost. Now, let’s find out what it is and if you really need it in the first place.

In a nutshell, commercial auto insurance is a type of policy that covers all of your commercial vehicles. In the event that your commercial vehicle is involved in an accident, your commercial auto policy will cover the cost of the damages. Commercial auto insurance covers costs associated with vehicle damages, an injured driver of yours, other injured drivers, and even property damage caused by your driver.

These are all costs that you would normally have to pay out-of-pocket. Trust us: these costs can add up really quickly. Rather than getting stuck with the costs and risking bankruptcy, why not let a commercial auto policy cover the costs for you?

Start comparing policies for free, and get covered right away! 

Don’t let an auto accident cause your business to go bankrupt. We’re here to get you fully covered at a great price! Like we mentioned before, we’re a team of licensed insurance professionals. We’d be happy to help you find the perfect commercial auto policy for you!

Request your free consultation today to get started!   

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