Commercial auto insurance in Oklahoma

Any Oklahoma company that uses vehicles for business purposes must insure them appropriately. Commercial auto insurance covers vehicles owned by your business.

Your personal auto insurance policy covers you while driving to and from work, but not while making deliveries, picking up supplies, and other work-specific uses. A business auto policy would cover you and your personal vehicle in case you’re at fault for an accident during a work-related errand.

Any vehicles you own solely for work purposes must be covered by a commercial auto policy, whether you own a landscaping pickup, a food truck, or a fleet of company cars.

If you’re using your own vehicle for work-specific activities, your personal auto policy wouldn’t cover you in the case of an accident.

For example, if your cannabis dispensary sends an employee on a work errand in their personal vehicle and they get into an accident, their personal auto policy would not assist with costs related to the incident.

That’s why many small business owners purchase hired and non-owned auto (HNOA) insurance. This liability policy covers accidents in personal, leased, and rented vehicles used for work purposes.

If you or an employee gets into an accident while driving a personal car for a work errand, your HNOA coverage would help pay for any claims or lawsuits against your business. It’s worth noting that this would not cover physical damage to the vehicle.

Your business could be in legal and financial jeopardy without commercial auto insurance coverage. In Oklahoma, all vehicles are required to carry auto liability insurance.

If one of your business vehicles is at fault in an accident, you could face an expensive lawsuit or settlement. You’d likely have to pay for damage to the other vehicle or property, medical costs, lost wages, pain and suffering, plus other related costs.

Additionally, you could face severe penalties for not carrying auto insurance. Driving without insurance in Oklahoma could result in a fine of up to $250, a suspension of license plates and/or vehicle registration, and up to 30 days of imprisonment.

From Oklahoma City to Tulsa, all vehicles in the state of Oklahoma are required to carry auto liability insurance coverage, whether they’re for personal or business use.

Oklahoma's minimum requirements for auto liability insurance are:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Your insurance agency might recommend higher limits based on the types of vehicles you own and how they’re used.

Semi-trucks, utility trailers, cargo trailers, and other vehicles with an Oklahoma Department of Transportation serial number will have additional liability coverage requirements, depending on the type of vehicle and how it’s used.

You can see if your business needs these additional requirements by checking your USDOT number or docket number with the Federal Motor Carrier Safety Administration.

Insureon makes it easy for business owners to compare quotes for Oklahoma commercial auto insurance. Complete one easy application to review quotes specific to your type of business and industry from leading U.S. insurers.

You can also speak to one of our licensed insurance agents to discuss the types of insurance and amount of coverage your small business might need.