Protect your business vehicles with a Kentucky commercial auto policy
Many of Kentucky’s 355,000 small businesses need commercial auto insurance to protect their work vehicles. Vehicles used by businesses are typically exposed to more risk and are usually not covered by personal auto policies because of it.
Hundreds of thousands of small business owners across the nation trust us to protect their work vehicles and livelihoods. Each gets customized coverage to match their unique needs, whether they own a single food truck in Louisville or several landscaping trucks in Bowling Green.
Commercial auto coverage for a variety of business types:
Kentucky commercial auto insurance cost
Several factors affect the cost of your Kentucky commercial auto policy, including your:
Profession
Some industries have more risk than others. A contractor who carries tools and equipment to various job sites every day can expect to pay more than a consultant who runs occasional errands.
Vehicle
Your vehicle’s size and use affect your rate. A heavy snow plow will likely have a higher premium than a pickup truck without attached equipment.
Driving history
Your commercial auto insurance carrier will run a motor vehicle report on all drivers with access to your business vehicles. Drivers with accidents or violations on their driving record will usually cause your rate to increase. You can expect your insurance company to take the past three years of driving history into account.
Location
It’s common to pay more for commercial auto coverage in a large city like Louisville than in a smaller city like Georgetown. Keep in mind, prices are usually higher in locations that experience more claims or more expensive settlements than other locations. Areas susceptible to weather-related events, such as tornadoes and floods, are also factors.
Travel radius
The distance you routinely travel can influence your commercial auto rate. A vehicle with a local route within Lexington city limits is considered lower risk than a vehicle with a regional route that covers all of north-central Kentucky.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Kentucky state minimum limits of 25/50/25 will pay less than a policyholder needing a combined single limit of $1M.
Kentucky commercial auto insurance requirements
Kentucky state law requires all commercial auto policies to have a minimum liability limit of $25,000 per person, $50,000 per accident for bodily injury and $25,000 for property damage (i.e., 25/50/25). Some policies are required to carry higher limits based on the types of vehicles they insure.
Kentucky is a “no-fault” state, which means each commercial policy must include a minimum of $10,000 in personal injury protection (PIP) coverage. It pays for the medical expenses of your vehicle’s occupants and injured pedestrians, regardless of who is at fault. Additional coverage can be added to your policy.
You can choose to reject PIP coverage. However, doing so only excludes coverage for your listed drivers and other employees who might operate your vehicles. State law requires that your policy include PIP benefits for guest passengers and pedestrians.
Kentucky commercial auto resources:
Common professions that need commercial auto insurance in KY:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Kentucky
We offer Kentucky commercial auto insurance statewide, including these major cities:
- Louisville
- Bowling Green
- Covington
- Georgetown
- Nicholasville
- Lexington
- Owensboro
- Richmond
- Florence
- Hopkinsville
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