Commercial auto insurance is required for business-owned vehicles. Find out how to get a policy, what type of coverage you need, and the answers to other frequently asked questions.
Commercial auto insurance is required by law in every state except for New Hampshire and Virginia. Even in the states where it is not required by law, drivers can still be held liable for damages. Find commercial auto insurance laws in your state.
Vehicles that are used but not owned by your business, such as employee vehicles or a leased truck, can be covered by hired and non-owned auto insurance. This policy is not required by law. However, personal auto insurance policies typically exclude business use, which makes this policy essential for businesses that rely on a non-owned vehicle.
Commercial auto insurance helps cover the cost of accidents involving vehicles owned by your business. That includes medical bills, property damage, lawsuits filed by other drivers, and more. It also includes protection against vehicle theft, vandalism, and other types of damage. Read more about what commercial auto insurance covers.
Each state sets its own requirements for minimum commercial auto insurance coverage. That includes a certain amount of bodily injury liability coverage, property damage liability coverage, and uninsured motorist coverage. You can purchase the minimum amount of coverage to meet state requirements, or purchase more if you want to be able to make higher claims on your policy.
Delivery driving has unique risks that can make it hard to secure coverage. The correct policy for a delivery driver is commercial auto insurance for company-owned vehicles and hired and non-owned auto insurance for personal vehicles used for business purposes. Learn more about commercial auto insurance for delivery drivers.
Commercial auto insurance only covers vehicles owned by a business. However, your personal auto insurance policy likely excludes business use. Hired and non-owned auto insurance is the appropriate policy for vehicles your business uses but does not own. This policy is not required by law.
Our online application for commercial auto insurance takes about 15 minutes to complete. The application requires some basic information about your business, including where it’s located, the number of employees, and estimated revenue for the upcoming year.
In most cases, we’ll deliver multiple quotes from top U.S. carriers as soon as you finish the application. Look them over and pick the policy that works best for you. A licensed Insureon agent is available to assist you throughout the process.
Once you purchase a policy, you can access your account and obtain proof of insurance. Typically, it takes between 24 and 48 hours to complete the process and gain insurance for your business.
It’s easy to add insurance at a later date. Your insurance agent can adjust the coverage amount on your policy, and provide assistance if you need to purchase additional policies.
If you cancel your policy early, you run the risk of paying more for coverage down the road. Insurance companies typically charge higher rates to businesses that start and stop coverage. You also leave your business exposed to potential risks if you cancel your coverage.
Hired and non-owned auto insurance protects vehicles that your business uses but does not own. That includes your employees’ personal vehicles and vehicles leased by your business. Commercial auto insurance is required by law; hired and non-owned auto insurance is recommended but not required. Read more about how hired and non-owned auto insurance differs from commercial auto insurance.
Personal auto insurance only covers accidents that occur while you are using a vehicle for personal reasons. That includes your work commute and travel unrelated to your job. Commercial auto insurance provides coverage for business-owned vehicles. Hired and non-owned auto insurance provides coverage for personal vehicles used for work purposes. Learn more about the difference between personal and commercial auto insurance.