Our editorial team analyzed regional and national auto insurance companies that sell commercial policies to assess which offer the best rates, coverage options, customer service, and savings. We prioritized competitive rates, 24/7 customer service, and specialty or supplemental coverages. We considered third-party financial strength rating data from AM Best and J.D. Power.
Commercial auto insurance policies cover vehicles used for business purposes. Whether you haul equipment in your personal pickup or have a fleet of box trucks, a commercial auto insurance policy provides protection against financial hardship.
Personal car insurance policies are generally a lower risk for insurers and won’t cover accidents that occur when you’re using your vehicle for business. Commercial car insurance has higher liability limits than personal coverage, but it also has higher premiums and deductibles.
Compare policies from top companies below to find an insurer that fits your commercial auto insurance coverage needs.
Best commercial car insurance companies
Insurify reviewed policy options from top commercial auto insurance companies to find the best coverage for every type of business.
You can compare the commercial car insurance companies below to find the right policy for your needs.
Allstate: Best for customer support
Farmers Insurance: Best for small businesses
State Farm: Best for non-owned business vehicles
Progressive: Best for specialized policies
Travelers: Best for commercial fleets
What is commercial car insurance?
Personal auto insurance covers the car you drive outside of work, but commercial auto insurance covers vehicles used for business. Commercial auto insurance typically has higher liability limits and covers a broader range of vehicles than personal auto insurance.
Whether you have a commercial fleet of taxis or delivery trucks or are a business owner who uses your personal vehicle for work, you need commercial auto insurance for the proper coverage.
Who needs commercial car insurance?
Company owners who use a personal vehicle for business purposes, as well as owners of certain vehicle types, like food trucks, need commercial car insurance. Personal auto insurance policies exclude large fleet vehicles.
Common businesses that need commercial auto coverage include:
Contractors, builders, and landscapers who haul equipment and tools in their vehicles
Field technicians, like HVAC professionals, who travel to customers’ homes
Caterers who deliver food for events
Businesses that use company cars to transport goods or services
Transportation services
Delivery companies
What commercial auto insurance covers
Commercial car insurance policies generally include the following coverages:
Some commercial auto insurance companies also offer add-on coverage, such as coverage for tools and equipment stored in your vehicle and coverage to lease another car if your business vehicle is in an accident. Commercial car insurance offers higher liability limits than personal auto policies to cover costlier auto exposures, like lawsuits or settlements.
What commercial auto insurance doesn’t cover
Commercial vehicle insurance doesn’t cover all costs related to an accident or theft. Insurers commonly exclude the following from coverage:
Contents inside your business vehicle, including tools, equipment, or goods
A medical event while driving the commercial vehicle, unrelated to a collision
Accidents caused by driving under the influence
Accidents that occur while using a business vehicle for personal use
Ridesharing vehicles or gig delivery work
To ensure you have coverage, closely review your insurance needs and policy language with a licensed insurance agent.
Best commercial car insurance FAQs
Check below for answers to the most common questions about commercial auto insurance.
The best commercial auto policy depends on your business needs. Some insurers, like Farmers, have policies tailored for small businesses and contractors. Other insurance companies, like Travelers, specialize in coverage for large commercial fleets.
No. Commercial auto insurance premiums are usually higher than personal car insurance costs because the policies are a greater risk for insurers and payout limits are higher. Business-use sedans, SUVs, and pickups are cheaper to insure than delivery vehicles or tow trucks.
Personal car insurance covers medical bills and property damage you cause while driving your car to work or for leisure. Personal auto insurers may cover a passenger vehicle for limited business activities under a business use endorsement. But if you use your business vehicle for deliveries or transporting goods and people, you need commercial vehicle insurance to account for the higher risk.
Progressive is the largest commercial auto insurance company in the U.S., according to the NAIC. The insurer covers about 15% of the market, followed by Travelers with a 5% share.
Commercial auto insurance policies cost between $220 and $1,200 per month, according to Insurify data. Premiums depend on several risk factors, including the vehicle type, the policyholder’s driving record, the business’s location, and the coverage level. Comparing rates with several insurers can help you find the lowest premium for the coverage you need.
Yes. State Farm offers commercial truck insurance for pickups, box trucks, and flatbeds. State Farm also provides commercial inland marine policies, which cover equipment and items inside the business vehicle.
Yes. Liberty Mutual offers commercial car insurance for every business size, from single vehicles to large fleets. A commercial policy from Liberty Mutual covers liability, physical damage, bodily injury, and uninsured motorists.
Yes. Allstate offers commercial vehicle insurance coverage for cars, SUVs, vans, pickup trucks, box trucks, and service utility vehicles. Allstate’s commercial auto insurance includes collision, comprehensive, UM/UIM, rental car, and liability coverage.
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