Getting reliable coverage covering every vehicle in your business would be the best choice for you. For instance, if you or an employee gets into a car accident, commercial auto insurance would provide financial coverage for medical expenses. Without this coverage type, your business would have to pay for any expenses and lawsuits, which could cost a lot.
Commercial auto insurance is a type of insurance that offers coverage for expenses from accidents involving business vehicles. These expenses may include property damage and medical, and legal expenses. To gain access to this reliable coverage from reputable companies, we will highlight several of the best commercial auto insurance companies based on their features, financial strength, and more.
Best Commercial Auto Insurance
Generally, a coverage type that covers your cars that are utilized for business purposes is called commercial auto insurance. It’s suggested that any individual using their car for business objectives or personally must purchase this coverage. We will explain some of the best commercial auto insurance providers to protect either your trucks or vans and improve your business.
Allstate
Allstate offers business coverage, especially business owner’s policies, for direct purchase and online quotes. This insurance company is considered the best due to its good credit for having few complaints submitted to state regulators. Additionally, it is a reliable provider that is ranked among the top ten best providers for commercial auto insurance in the United States. Moreover, individuals that want to submit claims can make use of their phone.
Progressive
Another best provider for commercial auto insurance is Progressive. This insurance company offers liability coverage, physical auto damage, medical bills, uninsured motorists, and personal injury. Also, it offers unique coverage like truck coverage, rental reimbursements, and personal and leased car coverage. Furthermore, Progressive is well-known for its uniqueness and amazing features like Snapshot ProView, usage-based insurance products, and pay-as-you-drive coverage programs.
Acuity
Acuity provides low complaint levels for its liability, property coverage, and business car, covering trucking, manufacturing, construction, and retail businesses. It provides supplemental coverage like bail bond payments, temporary substitute vehicles, and fire department service charges. Additionally, Acuity also covers employees for after-hours personal use and allows online filing of commercial auto claims. Despite a lower financial strength rating, it is still among the best.
GEICO
GEICO is a leading provider of personal car insurance for cars and semi-trucks and is considered the best due to its wide range of coverage for vehicles. This company has been in existence for over 70 years and is responsible for commercial auto insurance policies online, including receiving online quotes. Also, it offers workers’ compensation, business owner’s policy, professional liability, and general liability coverage. Furthermore, with GEICO, this coverage is accessible in all 50 states in the United States.
State Farm
State Farm is considered the best as it has the highest customer satisfaction rating. The insurance provider’s top position is due to its emphasis on offering one-on-one service and its extensive global network of agents. For clients that are in search of commercial insurance, this provider offers few online features. However, multiple choices for commercial business coverage are accessible from the company.
NEXT Insurance
Established in 2015, NEXT Insurance provides small company clients with customized, cost-effective coverage and an easy online shopping experience. Additionally, it provides conventional coverage for collisions, underinsured drivers, medical costs, property damage, rental reimbursement, and towing. Also, it has more than 500,000 clients. Although NEXT’s insurance may not be appropriate for larger businesses or specialist vehicles, they can cover up to 10 vehicles and 15 drivers.
Auto-Owners
Auto-Owners Insurance receives few complaints regarding its business auto insurance. To save money, pay in full, purchase much insurance, and use a telematics service. The insurance covers roadside assistance, additional costs for rental automobiles, meals, and housing, and loan/lease gap coverage. However, roadside assistance is provided, and additional expenses, such as food and housing, are reimbursed. Furthermore, you should contact an agent for a quote on commercial auto insurance.
Sentry
Sentry is a business insurance provider that offers coverage for a range of sectors like manufacturing, construction, trucking, and dealerships. Additionally, it offers 24/7 online claim submission for its commercial auto insurance products that are accessible in all 50 states. To personalize safety programs for business drivers, the company also provides professional safety consultant services. Furthermore, quotes are not accessible online.
The Hartford
For business vehicles, The Hartford provides commercial auto insurance that covers lost revenue in the event of an accident. Gap coverage for electronic gadgets and cars that are lent or leased is covered by the insurance. The Hartford offers coverage up to $2,500 to be reimbursed for the replacement of totaled work vehicles with natural gas, hybrid, or electric vehicles. It provides liability insurance for rental automobiles, online business insurance rates, and claim filing services. Lastly, its financial strength rating is still strong even if it is lower than some of its rivals.
