What is a commercial auto policy and why do I need it?
Commercial vehicles are any kind of vehicles (passenger cars, vans, trucks, trailers etc) used for business purposes. These cars require a separate policy from those used for personal purposes because they’re exposed to more risk than personal vehicles.
The coverage of business vehicle insurance is similar to that of personal auto coverage. It covers you and your business property from unwanted damage on the road. In addition, it can pay for your medical bills, rental car or road assistance needed that resulted from an accident.
What does a business vehicle policy include?
A commercial auto insurance can include:
- liability and physical damage
- medical payments
- uninsured and underinsured motorist coverage
- hired, non-owned, or any auto coverages
- cargo
- rental
- road assistance
How much does a commercial vehicle policy cost?
The average price of a business auto insurance in Illinois with 1 million policy limit is $140 per month.
Depending on the type of vehicle that you have, the policy limits may be lower or higher. The price also depends on your driving record and age.
How long does a commercial auto policy last and how can I renew it?
Commercial vehicle coverage can last 6 months or 1 year. Keep in mind that usually, the longer policy term has a more favorable price.
You can renew your policy by logging into your account or by contacting us directly.
Our favorite auto insurance companies to work with, in Illinois:
