Protect your business vehicles with an Oklahoma commercial auto policy
Many of Oklahoma’s 358,000 small businesses need commercial auto insurance to protect from accidents and other mishaps involving their work vehicles. A personal auto policy won’t cover vehicles used for business because they’re usually exposed to more risk than personal autos.
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 painting business in Tulsa or a landscaping business in Oklahoma City.
Commercial auto coverage for a variety of business types:
Oklahoma commercial auto insurance cost
Several factors affect the cost of your Oklahoma commercial auto policy, including your:
Profession
Some industries have more risk than others. A plumber who carries tools and equipment to various job sites every day can expect to pay more than a lawyer that runs occasional errands.
Vehicle
Your vehicle’s size and use affect your rate. A heavy dump truck used for transporting bulk sand will likely have a higher premium than a light dump truck used for landscaping work.
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 Oklahoma City than in a smaller city like Stillwater. Keep in mind, prices are usually higher in locations that experience more claims or more expensive settlements than other locations. Areas prone to weather-related events, such as tornadoes and flooding, are also factors.
Travel radius
The distance you routinely travel can influence your commercial auto rate. A vehicle with a local route within Tulsa’s city limits is considered lower risk than a vehicle with a regional route that covers all of Northeast Oklahoma.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Oklahoma state minimum limits of 25/50/25 will pay less than a policyholder needing a combined single limit of $1M.
Oklahoma commercial auto insurance requirements
Oklahoma 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.
It’s important to select limits that are best for your business in addition to what’s required by Oklahoma state law. Lacking adequate protection for your level of risk could leave you responsible for financial debts that could threaten your business’s future.
Oklahoma commercial auto resources:
Common professions that need commercial auto insurance in OK:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Oklahoma
We offer Oklahoma commercial auto insurance statewide, including these major cities:
- Oklahoma City
- Lawton
- Norman
- Edmond
- Stillwater
- Tulsa
- Moore
- Broken Arrow
- Midwest City
- Enid
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