Commercial Auto Insurance in San Antonio, TX
Navigating insurance can be complex, especially when financially safeguarding your business. Commercial auto insurance is essential for offering financial protection against losses from vehicle incidents. Whether you’re a small business owner with one vehicle or part of a large corporation with a fleet of trucks, commercial auto insurance helps you manage potential financial challenges.
What Is Commercial Auto Insurance?
Businesses can benefit from commercial auto insurance, which offers liability and physical damage coverage for vehicles used in their operations. Industries such as contractors, delivery companies, transportation services, food services and nonprofits often invest in this type of insurance to financially protect their drivers, vehicles and cargo.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance typically includes the following coverage:
- Liability coverage offers financial protection for injury and property damage you cause with the vehicle.
- Collision and comprehensive coverage can financially address business vehicle damage.
- Uninsured or underinsured motorist protection can financially safeguard against drivers without adequate insurance who hit your vehicle.
- Medical payments and personal injury protection can help cover medical expenses for drivers and passengers.
How Much Does Commercial Auto Insurance Cost?
The following factors can influence the cost of commercial auto insurance:
- Location—The city or state where your business operates can affect the cost. Heavily populated areas with frequent accidents tend to have higher rates, while less populated regions usually have lower rates.
- Type of vehicle and frequency of use—The type of vehicle matters. For-hire truckers may pay more than local real estate agents who use their cars for office visits. Additionally, insuring more vehicles or using them frequently may increase policy rates.
- Driving record and credit score—The driving record of anyone driving for your business can impact the rate. More accidents, claims and moving violations may lead to higher premiums. Some states may also consider the business owner’s credit score when pricing commercial policies.
Learn More
Contact Primo Tax & Insurance today to discuss your commercial auto insurance needs.