Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 18, 2020

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Key takeaways...

  • Each state has laid out requirements for the types and amounts of insurance that you need to carry
  • Commercial auto insurance is personal insurance
  • Most insurance companies offer commercial coverage

With the internet, all of the information you need is at your fingertips and you can research and choose an insurance company quickly.

Start your internet search now for affordable car insurance rates by entering your zip code in the FREE quote box above!

Buying car insurance for your business is different than buying it for your personal needs.

Depending on the size of your business, the number of vehicles you are insuring, the type of vehicles you need to insure, and your commercial auto insurance needs can actually be quite complicated.

There are a number of online resources that you can use to help you.

Table of Contents

Purpose of Commercial Car Insurance

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No matter what you drive a car for, whether it is for personal use or for business, you are required to carry car insurance.

In fact, each state has laid out requirements for the types and amounts of insurance that you need to carry. The National Association of Insurance Commissioners is a good source for this information.

Carrying insurance for your business vehicles is important for a number of reasons. One of the biggest reasons is that your personal car insurance will not cover damages caused by business use.

There are a few different names that are used to refer to commercial car insurance.

These include:

  • Commercial vehicle insurance
  • Fleet insurance
  • Truck insurance

One of the reasons that personal auto insurance does not cover your business vehicles is that commercial policies are rated and written differently than personal ones.

Commercial auto insurance also offers particular coverage that personal insurance does not.

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When Commercial Car Insurance Is Necessary

If you are unsure if you should get commercial car insurance for your business, there are certain guidelines that you should follow.

If you use another vehicle to carry out a service or if you use your vehicle to carry people or goods for money, there is a good chance you need commercial insurance.

If you tow a trailer or haul heavy equipment or tools for your business, a commercial car insurance policy is necessary.

It may also be necessary if you need higher liability limits because of the work you do.

It is a very good idea to get commercial insurance if you have employees who will be driving the company vehicles or using their own cars for business use.

The Insurance Information Institute can help further guide you if you are wondering if purchasing a commercial policy is necessary.

How to Find Commercial Car Insurance Online

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Although you may understand that going online to buy commercial car insurance is a smart thing to do, you may not be quite sure how to go about it.

Almost every insurance company has an online presence these days. This makes it easy to visit a particular website and get more information.

Since most of the major car insurance companies offer commercial policies, you can visit the individual websites and get a wealth of information.

If you are using a particular car insurance provider for your personal needs and are happy with the company, it would make sense to use the same company for your business car insurance as well.

If you are not sure who to use for your business insurance needs and are looking for a good deal, there are many sites that offer free insurance quotes..

Types of Commercial Car Insurance Coverage

Some of the coverage offered for commercial car insurance is similar to personal policies. Liability coverage covers property damage and bodily injury to the other party in the event you are the cause of the accident.

It also provides legal defense for you if needed.

Collision and comprehensive coverages will help pay for damage to your own vehicle due to collision, fire, flood, vandalism, theft, or other circumstances that are out of your control.

Medical payments or personal injury protection help pay for the medical expenses for you and your passengers, no matter who is at fault.

One type of coverage that is offered commercially but not personally is non-owned car liability coverage.

This helps protect your bottom line in the event you have employees who drive their own cars for the purpose of business.

Even if they carry personal car insurance on the vehicle, it is a smart idea to carry this type of coverage.

It is also a good idea to add an individual named insured endorsement to your commercial policy.

This extends your physical damage insurance and liability insurance to any vehicle that you are leasing, renting, borrowing, or test driving.

It protects you if you have a car that is used for both business and personal use.

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How to Choose the Best Online Commercial Car Insurance

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Although buying commercial car insurance online is a fast and convenient way to do so, choosing which company to go with may prove to be a little more difficult.

Not every insurance company that sells personal car insurance sells commercial policies, so that helps narrow down your choices a bit.

The key to choosing a commercial insurance provider is the same when making any other insurance decision: Don’t choose a policy based on price alone.

A cheap rate quote may seem like the best way to go, especially if you are just starting out and money is tight, but you will be better off in the long run if you take a little time to explore and research your options.

The best thing to do is to narrow down your options to three or four commercial car insurance companies.

This will give you enough variety and choices so if one doesn’t fit your needs another one will. You should compare these companies based on the same criteria.

The first thing you should do is look into the financial stability of each of the companies. Go to A.M. Best and look up each of the providers.

Look at each of their financial ratings and what their outlook is. If one or two of them have a higher rating, it would be smart to lean towards one of them.

Next, check to see if there are any complaints against any of the companies. This information can be found at the insurance department of your state and/or through the Better Business Bureau.

Convenience of Online Commercial Car Insurance

One of the biggest reasons you should purchase commercial car insurance online is that there are so many conveniences associated with it.

Not only can you sign up for a policy online, you can access a lot of other things online once your policy is in place.

One nice thing is that you can pay your bill online.

Some insurance companies also make it possible to store your payment information so that when you get online to pay every month all it takes is a quick press of a couple buttons.

Another convenience is the ability to file a claim online. If you have a claim to file you can do it on the website at any time of the day and you will get a response within 24 hours.

You can also follow the process of the claim online.

Many commercial car insurance companies will offer other online benefits such as loss control information and free tips for risk management.

Most of the major providers will also have the ability for you to chat online with a representative with any questions that may come up about your policy.

The Internet is a great source for many things. Finding a commercial car insurance policy online is no exception.

Start your hunt for online car insurance rates right now by entering your zip code in the FREE box below!

References:

  1. http://naic.org/state_web_map.htm
  2. https://www.geico.com/commercial-auto-insurance/
  3. http://www.iii.org/articles/do-i-need-commercial-auto-insurance-policy.html
  4. https://www.statefarm.com/insurance/auto
  5. https://www.nationwide.com/
  6. https://www.allstate.com/business-insurance.aspx
  7. https://www.libertymutual.com/auto/car-insurance-coverage/bodily-injury-liability
  8. https://www.nationwide.com/personal-injury-protection.jsp
  9. http://www.ambest.com
  10. http://www.bbb.org