State Farm offers a variety of commercial auto insurance plans through local agents. Its policies can help protect the vehicles you use for business purposes, such as delivery trucks, company cars, and specialized commercial equipment.
The company has a comprehensive lineup of commercial car insurance products, including extras like access to business loans and an optional telematics program.1 State Farm offers coverage in all U.S. states except Massachusetts and Rhode Island.
Here’s what you should know about State Farm’s commercial car insurance options.
State Farm’s commercial car insurance covers vehicles you own or lease for your business. It can kick in to cover the cost of repairs, medical bills after a covered accident, and even legal fees in some circumstances. The car insurance company offers protection for a wide range of commercial vehicles, including cars, trucks, vans, and farm vehicles.
If you’re interested in commercial auto insurance for your business, you can reach out to a State Farm agent to discuss your options and finalize your coverage.
To participate in the optional Drive Safe & Save Business telematics program, your drivers will need to download the Drive Safe & Save Business app and install a Bluetooth beacon in their vehicles. Then, you’ll be able to use the app or online portal to monitor their locations in real time, view detailed trip maps, and provide driver feedback.3
Discounts can help you save money on commercial auto insurance. In most cases, commercial car insurance discounts focus on fleet safety, driver training, vehicle safety features, and bundling with other business insurance products.
The only commercial discount opportunity listed on State Farm’s website is through the Drive Safe & Save telematics program. You’ll earn a discount for each qualifying small or medium-sized commercial vehicle you enroll with a Bluetooth device. Once it’s time for your policy to renew, State Farm will adjust your premium based on your employees’ driving habits.
You should contact a local State Farm agent if you want to learn more about other discount opportunities that may apply to you and your business.
Financial strength and customer satisfaction ratings can provide insight into a commercial auto insurer’s customer complaints and its ability to pay out valid claims. State Farm scores well with AM Best and J.D. Power, two reputable third-party organizations. But it has a higher-than-expected number of complaints with the National Association of Insurance Commissioners (NAIC) for a company of its size.
The table below highlights the insurance company’s commercial auto ratings and what they indicate.
State Farm’s commercial car insurance plans may be a good fit if you or your employees drive for business purposes. Artisan and service contractors, farmers, ranchers, florists, and caterers often use State Farm’s commercial auto policies, according to the insurer.
Compared to personal auto insurance, commercial car insurance from State Farm typically includes more comprehensive protection and higher liability limits due to the greater risk associated with business operations.
As you shop around for commercial car insurance, you’ll find that State Farm’s offerings are similar to those of other insurance companies. But the insurer doesn’t advertise as many discounts as some insurers and doesn’t offer coverage in every state.
Here’s an overview of State Farm’s commercial auto insurance policies:
State Farm offers the following additional commercial insurance products you may want to consider for your business:
Workers’ compensation: Workers’ comp covers injuries and illnesses that your employees may experience on the job. It can also pay for disability and death benefits.
Commercial liability umbrella insurance: Also known as CLUP, commercial liability umbrella insurance can kick in if a lawsuit or claim exceeds the liability limits of your other policies. It acts as a financial safety net.
Artisan and contractors insurance: This type of coverage is for carpenters, landscapers, electricians, and similar employees. It can cover on-site property damage, on-premises injuries, and theft.
Farm or ranch insurance: Farm or ranch insurance will protect the contents of your farm or ranch, such as machinery, livestock, and structures. It also includes liability protection.
If you’re shopping for commercial car insurance, this additional information about State Farm can help as you research your coverage options.
Yes. State Farm has been in business for more than 100 years and is one of the largest insurance companies in the country. It has an A++ (Superior) financial strength rating from AM Best and an above-average customer satisfaction score from J.D. Power.
To file a commercial auto claim with State Farm, you can go online, download the app, or call State Farm directly. If you file online or via the app, you may check the status of your claim, find a repair shop, and get an initial estimate.
You may be able to get same-day commercial car insurance from State Farm. Contact a local agent to start the process and learn more about the activation timeline.
Yes. State Farm commercial auto insurance may include specialty commercial vehicles. The insurer often covers vehicles used by farmers and ranchers, caterers, artisan and service contractors, and florists, according to its website.
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