When it comes to protecting business vehicles, having the right car insurance is super important. Business vehicles encounter distinctive risks and usage patterns that differ from personal vehicles.It means that standard personal auto insurance may not offer enough coverage. This article will discuss about car insurance for business vehicles.

1. Progressive

Progressive provides a wide range of coverage options for business vehicles.For example, liability, physical damage, medical payments, and specialized coverages for trucks and trailers. Snapshot ProView is Progressive’s usage-based insurance program that offers the chance to save money by rewarding safe driving and enhancing fleet safety.

When it comes to premiums, Progressive’s median monthly cost for business auto insurance is around $211. For contractors, the median cost is around $207 per month, and average monthly premiums typically fall between $257 and $270, depending on the type of business.

2. NEXT Insurance

NEXT Insurance providescar insurance for business vehiclesespecially for small businesses.It provides a simple online shopping experience where you can get instant quotes. There are customized policies that suit the needs of businesses with a smaller number of employees and vehicles.

Around 23% of NEXT customers spend between $100 and $200 per month, about 37% pay over $200 monthly, while 20% pay $100 or less. NEXT offers a variety of policies that take care of medical expenses, property damage, underinsured motorists, collision, rental reimbursement, and towing.

3. biBERK (Berkshire Hathaway)

biBERK is an online insurer backed byBerkshire Hathaway.It providesaffordable commercial auto insurance that’s perfect for high-risk drivers and small businesses. It’s estimated that you could save up to 20% compared to other carriers.

Although the exact premium amounts can differ from one business to another, biBERK generally offers monthly premiums that are more affordable than the industry averages. The company offers standard coverages such as bodily injury, property damage, collision, and comprehensive insurance.

4. Farmers Insurance

Farmers Insurance provides customized car insurance for business vehiclesdesigned specifically for contractors, featuring coverage for tools and equipment that are transported in vehicles. The typical monthly premiums with Farmers are about $137. The company offers a variety of flexible coverage options, such as liability, personal injury, uninsured motorist, and protection for subcontractors under indemnity agreements.

5. Geico

Geico provides the best commercial auto insurancefor rideshare drivers and livery services.They are filling in the gaps that personal auto policies often miss. Pricing can vary depending on the situation, but Geico is recognized for its competitive rates.

Geico’s hybrid rideshare policy provides coverage for drivers throughout every step of the ridesharing process, from waiting for passengers to driving to pick them up and transporting them safely. It also provides standard commercial auto coverages like liability, property damage, and medical payments.

Selecting the perfect car insurance for business vehiclesis essential to handling any risks that may come your way. Each company brings its own special features to meet the diverse needs of various business sizes. By exploring these options and looking at coverage and pricing, businesses can find the protection they need while keeping costs in check.

Source:
1. https://www.forbes.com/advisor/business-insurance/best-commercial-auto-insurance-companies/
2. https://constructioncoverage.com/commercial-auto-insurance