Q. How much does commercial vehicle insurance cost?
A. The cost of commercial vehicle insurance will vary based on a number of factors, with the driving records of the employees who will be driving being a very important factor in determining premium costs. Some of these include:
- Number of vehicles being insured
- Coverage options, deductibles, and limits
- How often, and for how long you drive the vehicle
- If employees drive the vehicle
- The type of vehicle – make, model and year
- What the vehicle is being used for
- Cost of the vehicle when new
- Weight of the vehicle
- The driving records of all drivers for the business
- Claims history
Q. Who is covered to drive the covered vehicles?
A. Your policy can cover you, your employees, and other drivers such as family members. With the exception of emergencies, if someone is driving a vehicle for your business, they should be added to your policy.
Q. Does commercial auto insurance cover materials and tools?
A. Tools and materials transported in your vehicle are typically not covered under commercial auto insurance and are best covered as part of a business owner or general liability insurance policy.
Q. Can I use my personal auto insurance instead?
A. Personal auto insurance policies will usually not have high enough liability limits to cover business vehicles in the event of an accident. In many states, if you use a personal vehicle primarily for business purposes, you are required to get commercial vehicle insurance.
Q. Do I need commercial vehicle insurance if I only use my car occasionally?
A. This depends on your circumstances. Get in touch with one of our agents to discuss your needs and find out if you need commercial auto insurance.
Q. Is my commercial vehicle still covered if I’m driving it for personal use?
A. Commercial vehicle insurance will usually cover a vehicle even when it is being driven for personal use. Speak with your agent to make sure anyone who will be operating the vehicle will be covered under your plan.
Q. Is commercial vehicle insurance tax deductible?
A. As a business expense, premium payments for commercial vehicle insurance can be written off on your tax returns.
Q. Is theft of personal items covered by commercial auto insurance?
A. Commercial auto insurance will typically only cover items that are permanently attached to the vehicle, such as toolboxes and ladder racks, but not the items being stored on them. These items need to be covered separately.
Q. Is my trailer covered by my commercial vehicle insurance?
A. This will depend on the weight of your trailer. Heavier trailers that have more than one axel will often need to be added to your policy in order to have coverage. For more specific details, speak with one of our agents.
Q. Do I need commercial auto insurance if I use my personal car to work a courier or for food delivery?
A. Most personal auto insurance will not cover the use of a personal vehicle to make business deliveries. If you are doing deliveries for a business you work for, check with the business owner to make sure you are added to their commercial auto insurance policy.
Q. Do I need commercial auto insurance to drive for a ride-sharing service such as Lyft or Uber?
A. The ride-sharing company may cover you, but you should check with them to make certain. It’s possible you make need ride-share insurance instead. Talk with one of our agents to find out the details on your specific needs.