How much does commercial auto insurance cost?

For a policy limit of $1 million, the median cost of commercial auto insurance is $142 per month or $1,704 per year. The median cost offers a more accurate estimate of what your business is likely to pay than the average cost of commercial auto insurance because it excludes outlier high and low premiums.

Many small business owners (44%) pay less than $1,500 per year for commercial auto insurance. The figures in the charts below were sourced from an analysis of thousands of insurance policies purchased by Insureon small business customers.

The cost of commercial auto insurance is influenced by the number of vehicles owned by your business, the value of the vehicles, and how often they are driven. Your industry risks also affect how much you will pay for a policy.

To see commercial insurance costs for businesses in your industry, visit our industry-specific cost analyses:

• Auto services
• Cleaning services
• Construction and contracting
• Food and beverage
• Information technology
• Landscaping

If you want commercial auto insurance that pays for a wide range of damage, you will pay more for your policy. High coverage limits cost more than basic coverage. Among Insureon small business customers, the median limit is $1 million for commercial auto insurance.

Learn how commercial auto insurance premiums are calculated.

Insurance premiums vary based on the policies a business buys. See our small business insurance cost overview or explore costs for a specific policy.

• General liability insurance
• Professional liability insurance
• Business owner’s policy
• Errors and omissions insurance
• Workers' compensation insurance
• Cyber liability insurance
• Commercial umbrella insurance
• Employment practices liability insurance
• Directors and officers insurance