There are many different factors to consider and compare when buying the best business commercial car insurance. This coverage is essential for businesses that own their own vehicles or dispatch employees to help protect the business against liability and damage following an accident, theft or other incident. To get.
While personal auto insurance may protect certain professional activities (such as real estate agents and taxi drivers), this coverage may be limited and may not fully protect you every time you drive. And if your business allows others to drive company commercial cars, or if you own several vehicles, business auto insurance is essential.
We compared more than a dozen different commercial auto insurers to see which one offers the best coverage with the best features at the best possible price. Read on to see which companies we recommend and why.
The Best Commercial Car Insurance for 2023
- Best Overall: Progressive
- Best Price: Nationwide
- Best for Single Vehicles: Farmer
- Best for Fleets: Hartford
- Best Customer Service: State Farm
Best Commercial Auto Insurance Companies February 2023
If you use a car for work, you need company car insurance. Your private car insurance policy does not cover business use.
To help take the guesswork out of finding the best commercial auto insurance, we evaluated the leading companies based on complaint data from the National Association of Insurance Commissioners.
Best for Most Vehicle Types: Progressive Commercial
Why we chose it: Progressive is the nation’s largest commercial auto insurer, offering a wide range of services. Coverage types include liability, bodily injury, medical payments, uninsured motorist, rental car, any car, and non-property coverage. Progressive can also include a variety of vehicles, including commercial cars, trucks, and trailers.
Progressive’s commercial auto insurance policies are highly customizable. The company also lets you adjust your policy to seasonal changes, which is useful when you need to insure more or fewer vehicles at certain times of the year.
Progressive offers several discounts on its commercial auto insurance, such as discounts for CDLs, bundling and paying by wire transfer. You can also claim a discount if you also insure your car with Progressive.
According to Progressive’s website, the average monthly commercial auto insurance premium for a commercial car is $205. For contractors, the average cost is $196 per month. However, keep in mind that prices at Progressive can vary depending on whether you buy insurance online or over the phone from an agent.
Progressive has a strong AM Best A+ rating and a NAIC Complaint Index of 0.67 for commercial auto insurance, which is below the national average. However, JD Power Auto’s latest satisfaction score of 861 out of 1,000 is well below the industry average.
Best for Customizable Coverage: Nationwide
Why we chose it: Nationwide offers a variety of coverage options, such as liability coverage, comprehensive coverage and collision coverage, and uninsured and underinsured motorists. It allows you to expand your coverage through endorsements such as roadside assistance, new vehicle replacement, auto loan or lease coverage, and rental reimbursement.
Vantage 360 is a nationwide telematics service for small businesses. It allows you to manage a fleet and track drivers’ routes and activities. Individual drivers can also earn points for good diving behavior, which they can redeem for gift cards.
Drivers using the National Claims Telematics app have 47% fewer claims. And corporate policyholders who opt for Vantage 360 may be eligible for a 10% discount on selected coverages – provided they make a registered visit within 45 days of signing up. Coverage is available for a wide variety of vehicles, including cars, trucks and vans.
With Nationwide, you can combine your commercial auto coverage with business owner’s insurance, general liability, workers’ compensation, and umbrella insurance. While the company has an online quote tool, we found that it doesn’t always provide a quote unless you call the sales team. Likewise, if you want to buy the policy, you have to call the agent.
Nationwide includes several options for customizing your coverage. These options, called Nationwide Support, include comprehensive towing services and labor, rental reimbursement, and coverage for car loans or lease intervals.
Nationwide has received an A+ rating from AM Best. And while this J.D. below the industry average. Power’s latest auto claims satisfaction survey was above the company’s US average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. was above average. Small commercial insurance ranked third among insurers in the survey. Nationwide General Insurance Company has a NAIC complaint index of 0.92 for its commercial auto line, which is well below the industry average.
6 Best Commercial Auto Insurance Companies of 2023
If you need coverage for your business fleet, our picks for the best commercial auto insurance companies give you a range of options. The companies on this list offer a mix of policies: liability, medical payments, comprehensive coverage, collision, and uninsured/underinsured motorist coverage.
Like private traveler insurance, you can lower your monthly commercial auto insurance premiums by combining policies with business insurance. You can also lower your premiums by insuring business experience, a commercial driver’s license (CDL), and your personal vehicle with the same company.
To help you decide which is the best option for you, we’ve put together a comprehensive list of what each commercial auto insurance company has to offer.
Our top picks for the best commercial auto insurance companies
- Progressive Commercial – Best for most vehicle types
- Rural – Best for customizable coverage
- The Hartford – Best for fleets
- Kisan – Best for single vehicles
- Car Owners – Best for Discounts
- Sentry – Best for large companies
Best for most vehicle types: Progressive Commercial
Why we chose it: Progressive is the nation’s largest commercial auto insurer, offering a wide range of services. Coverage types include liability, bodily injury, medical payments, uninsured motorist, rental car, any car, and non-property coverage. Progressive can also include a variety of vehicles, including commercial cars, trucks, and trailers.