Now that you know all about commercial auto insurance, it’s time to find a company right for you. Fortunately, there are several insurance companies with many years of experience that can help guide you on the right path. Below are some of the best insurance companies for writing commercial auto for small businesses.
Progressive: Best for Special Perks and Benefits Offered to Small Businesses
Progressive– Progressive has a dedicated team to help small businesses with their auto insurance. A commercial auto insurance quote typically includes:
- Physical Damage
- Medical Payments
- Uninsured Motorist
- Hired Auto
- Non-Owned Coverage
- Any Auto
- All commercial coverages
In addition, Progressive has experts who can adjust your policy based on seasonal changes. This ensure low rates and consistent coverage no matter what time of year. Also, Progressive offers special benefits to small businesses. These include customized coverages, competitive rates, discounts, exceptional claims service, and more.
Progressive commercial auto insurance covers many different types of vehicles, including cars, light trucks, SUVs, vans and more. Small business customers can get perks such as discounts and access to network shops throughout the country. Progressive also covers trucks and trailers, as well as offering 24/7 claims service with their extensive truck repair network.
Geico: Best for Customized Commercial Auto Insurance Policies
Geico– Geico has over 70 years of experience in providing insurance and coverage to small businesses. Geico commercial auto insurance offers competitive rates, outstanding service, and flexible policies.
Geico’s claims experts work with customers one on one to ensure the lowest rates and the best coverage. They can also customize a commercial auto policy to meet the needs of your small business. This means they can change a policy based on the size, risk, and location of your company. Geico has a dedicated 24/7 claims line and a wide range of agents spread throughout the country. No matter where you’re located, Geico is a good bet for your small business.
Best For: Many agents nationwide, and customized policies to fit the needs of your specific business.
Nationwide: Offers many custom pricing solutions for small businesses
Nationwide’s robust commercial auto insurance covers injuries that you or your employees may cause to other people and their property while driving. It also covers several other forms of liability, including:
- Auto liability, protecting your small business from bodily injury or property damages as a result of a covered automobile accident
- Medical payments based on your coverage limit. This covers you, your employees and your passengers arising from motor vehicle accidents – regardless of who is at fault
- Comprehensive coverage to pay for damages to your vehicle from things other than a road accident, like vandalism theft, weather events, and accidents involving animals.
- Collision coverage, which covers damages to your vehicle from another vehicle, regardless of who is at fault.
- Uninsured and underinsured motorist coverage, which pays for medical expenses, loss of income and other damages owed to you, your employees (expenses that are not covered by workers’ compensation) or your passengers when an accident is caused by an uninsured or underinsured motorist.
Nationwide has over 90 years of experience, and offers a package of loss control tools and resources. This includes a Loss Control Services team who can review your small business’s operations, procedures and programs.
Nationwide also offers a custom Business Solutions Center, which provides free resources and tools on several different insurance topics to help small business owners with their coverages.
AAA: Along with coverage, members have free roadside service in the event of a breakdown or accident.
Not merely just for auto repair, AAA also offers great insurance, including coverage for vehicles that are owned, leased, hired, rented or borrowed. Coverage may include:
- Bodily injury and property damage liability
- Collision damage
- Comprehensive physical damage
- Uninsured/underinsured motorist
- Medical expenses
- Autos rented by employees
- Electronic equipment such as a GPS or DVD player
- Glass repair
- Lease and loan gap coverage
AAA has more than 100 years of experience providing commercial auto insurance to small businesses. AAA also provides several local agents to work with you in reviewing your existing policies. Their agents can help you understand what insurance your small business needs, along with gaps in coverage and hidden discounts you may be eligible for. AAA also has a solid “A” rating from A.M. Best.
State Farm: Best for businesses with employees who drive their personal vehicles for work.
State Farm– State Farm offers several types of protection — liability, personal injury/medical, comprehensive, and collision coverage, and more.
State Farm agent are knowledgeable when it comes to small businesses. They can help you determine what deductible amounts and coverage limits are best for you.
State Farm also offers Employers Non-Owned Car Liability (ENOL). This ENOL commercial auto insurance policy protects you from liability if your employees drive personal vehicles for business purposes. This is a good thing to have if your employees ever use their own cars for your business. In addition, State Farm provides Loss Control Services and Resources for their customers. This includes free resources to help your small business identify and avoid the most common causes of business auto losses.
Allstate: Best for its Small Business Connection, which links businesses with many different resources.
Allstate has a long history of helping small businesses, having insured more than 100,000 small and medium-sized businesses. They offer a robust commercial auto insurance plan.
Because many Allstate agents are small business owners, they understand the unique risks associated with small business. Allstate Certified Business Agents can help your business identify solutions specific to your business.
Allstate offers its unique Small Business Connection, which allows business owners to access a wide range of professional resources. Small Business Connection partners include
- Office Depot
Allstate’s Small Business Connection can help small business owners with a variety of topics, including legal solutions, banking and finance, technology, employee benefits, web marketing, and more.
USAA: Best for current or former military.
USAA only offers commercial auto insurance for small businesses under specific circumstances. The USAA Insurance Agency can provide commercial vehicle insurance coverage for a commercial vehicle only if the vehicle:
- Is not used by employees.
- Is not used for deliveries.
So, if you have employees, or make deliveries, USAA might not be the best choice for you. But if not, they are a company to consider. Those eligible for USAA coverage include active, retired and honorably separated officers and enlisted personnel of the U.S. military. Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS) and adult children (18+) of USAA members who have or had a USAA auto or property insurance policy.
USAA is a highly ranked auto insurance company with a high consumer satisfaction rating. USAA earned a perfect score in the category of Overall Satisfaction from the 2016 J.D. Power U.S. Auto Insurance Claims Satisfaction Study.
These are just a few of the companies that offer commercial auto insurance for small businesses. Before you decide on a policy, you should take the time to compare rates. See what companies in your area offer the best solutions for your business. Some companies, like USAA, cater to veterans, while other, larger companies like Geico have a broader range of agents and programs. If you do your research, you should have no trouble finding a quote from a company that offers commercial auto insurance at a rate reasonable to your business. Happy hunting!