How much is commercial auto insurance?

Business auto customers use vehicles like cars, SUVs, small trucks and vans for work. Some professions in this category include cleaning services, restaurants and shops.

The average cost for business auto insurance is typically higher than a personal auto policy because it has higher limits, or more coverage, in case of an accident. Also, a personal auto policy won’t cover you if your vehicle is in a work-related accident.

Business auto insurance is usually the best value for small business owners because it protects you on both commercial and personal errands.

Learn more about commercial auto insurance.

Contractors, sub-contractors and independent tradespeople use commercial autos like pickup trucks, cargo vans, SUVs and trailers to transport tools and equipment on the job.

Typical professions with a contractors commercial auto policy include carpenters, electricians, landscapers and painters.

The average rate for commercial auto insurance for contractors is $215 per month. However, your rate depends on vehicle type and coverage needs. For example, a pickup truck with a ladder rack and permanently attached toolbox might cost more to insure than a standard truck without additional features.

Learn more about contractor's insurance cost and coverages.

The average monthly commercial truck insurance cost varies by vehicle and load type. Truckers who transport miscellaneous goods or heavy cargo can expect to pay more for insurance than a trucker who specializes in transporting a specific material.

For-hire specialty trucks cost an average of $736 per month to insure. These trucks tend to have a lower premium because they focus on transporting one type of good. Log haulers, gravel haulers and garbage trucks are just a few of the many vehicles that fit this description.

For-hire transport trucks have an average monthly premium of $1,125. These trucks are usually heavy freight trucks, like semis, that haul miscellaneous goods for others. Some examples of for-hire transport customers include general haulers, expeditors and owner-operators.

Learn more about commercial truck insurance cost and rating factors.

Tow truck businesses offer roadside assistance and transportation for disabled vehicles using wreckers or rollbacks. Towing businesses, auto body shops, mechanics and salvage haulers are some examples of businesses that commonly need this coverage.

The average monthly cost for a new tow truck insurance policy is $534. This premium is based on standard coverages, including bodily injury, property damage and physical damage.

Your location, type of towing and coverage needs will determine your custom rate. For example, adding additional protections, such as Garagekeeper’s Legal Liability and On-Hook Towing, can increase your premium.

Learn more about tow truck insurance cost, coverages, and discounts.