Top Commercial Auto Insurance Coverage: What You Need to Know [2025]

Do you want to know more about the best companies for commercial auto insurance? Buying affordable commercial auto insurance isn’t as complicated as it seems.

But which companies provide the best business insurance coverage Don’t worry – we’re here to help.

Read our guide to learn how top auto insurance discounts can secure an insurance policy at the best companies for commercial car insurance. Also, we’ll look at small business insurance companies that provide commercial auto insurance coverage.

After you learn about the best companies for commercial auto insurance, use our free online quote tool above to compare multiple insurance companies in your area.

Where can I find the best companies for commercial auto insurance?

The top commercial car insurance companies provide policies across the nation. But which insurance companies are the best at providing commercial auto insurance?

Here’s a list of the top 10 commercial auto insurance companies.

• Progressive
• Travelers
• Old Republic
• Liberty Mutual
• Nationwide
• Zurich
• Berkshire Hathaway Inc.
• Allstate
• Chubb
• W. R. Berkley Corp.

The companies on this list have the highest market share in the commercial car insurance industry.

Progressive commercial auto insurance is the best overall, but Nationwide commercial auto insurance has the best value.

Read More: Chubb Auto Insurance Review

What are the top 10 commercial auto insurance companies?

The top 10 commercial insurance companies have the highest market share, but it doesn’t mean other companies aren’t reliable.

Let’s look at the top 50 commercial auto insurance companies and their market shares.

Commercial Auto Insurance by Market Share

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• FCCI Insurance Company Review
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• Motors Insurance Corporation Review
• Prime Insurance Company Review
• Selective Insurance Company of America: Customer Ratings & Reviews
• The Cincinnati Insurance Company Review
• The Hanover Insurance Review
• Travelers Commercial Insurance Company Review
• Tokio Marine America Insurance Company Review
• Trisura Specialty Insurance Company Review
• Utica National Assurance Company Review

Although Farmers isn’t in the top 10 companies, it provides the best coverage for single vehicles (ideal for ridesharers and delivery drivers).

If you want to insure a fleet (multiple vehicles under commercial car insurance), consider buying a policy from The Hartford.

State Farm commercial car insurance is known for its customer service experience.

Read more:

• Acuity, a Mutual Insurance Company Review
• The Hanover Insurance Review

What coverage options come with commercial auto insurance?

Commercial car insurance can provide the same coverage options as personal insurance. However, the degree of coverage is much higher.

Businesses require more coverage limits because there’s more to cover. But which car insurance coverages are better?

Here’s a list of essential coverage options for commercial auto insurance.

• Bodily injury liability – This coverage pays for bodily injury to others when you or an employee is at fault in an accident.
• Property damage liability – The property damage of the other driver is covered by property damage liability when you or your employee is at fault in an accident.
• Collision coverage – This essential coverage option pays for property damage to your vehicle regardless of fault.
• Comprehensive coverage – Any damage to your commercial vehicle that doesn’t involve a collision is covered by comprehensive insurance.
• Combined additional coverage (CAC) with limited comprehensive/fire and theft – CAC is usually for trucks that encounter fire damage, theft, and other incidents.
• Medical payments (MedPay) – The insurance company covers medical expenses regardless of fault.
• Personal injury protection (PIP) – PIP covers the cost of any lost wages, child care, legal fees, and other personal injury-related incidents.
• Uninsured/underinsured motorist coverage – The commercial insurance company pays for damage when a driver is uninsured or the damage exceeds their coverage limits.
• Roadside assistance – This essential service assists when your vehicle breaks down to due minor or major mechanical issues.
• Hired and non-owned auto insurance – This specific option provides coverage for rental vehicles and employee-owned cars.
• Named insured coverage – A coverage option that targets specific employees at your business and provides the same level of coverage as any other vehicle.
• Rental car reimbursement – The insurance company reimburses you for a rental car during repairs on a covered claim.

Commercial car insurance coverage is similar to personal car insurance. However, commercial liability insurance coverage has policy limits that are over $1 million.

Read more:

• Best Commercial Auto Insurance for Businesses
• Top Rental Car Insurance Coverage: What You Need to Know

What’s the difference between commercial and regular auto insurance?

Commercial car insurance targets insurance for business vehicles. Meanwhile, regular car insurance is personal insurance coverage for an individual or family.

Which vehicles are covered by commercial auto insurance?

Personal car insurance provides coverage for passenger cars, vans, pickups, and SUVs. Commercial auto insurance expands the types of vehicles you can insure.

Check out the list below to see what vehicles are covered.

• Passenger cars
• Vans
• Pickups
• SUVs
• Delivery vans
• Cement mixers
• Haulers
• Cranes
• Various trucks (including semis)

Other vehicle types may also be included. Ask the commercial insurance company if they can provide insurance for specialty vehicles.

Read more:

• Haulers Insurance Company, Inc.: Customer Ratings & Reviews
• Auto Haulers Auto Insurance Review

How much is commercial auto insurance?

Each car type has a unique commercial car insurance cost. Examine the average commercial auto insurance rates below to see how much each vehicle type costs.

Average Monthly Commercial Car Insurance Rates

Cars are the cheapest vehicles to insure at commercial insurance companies. Cabs and limos are the most expensive cars to insure at commercial auto insurance companies.

Which factors determine the cost of commercial auto insurance rates?

Several factors affect the cost of commercial car insurance rates. Here’s a list of the most critical characteristics that impact commercial auto insurance quotes.

• Vehicle type
• Vehicle value
• Number of cars insured
• Driving records of insured employees
• Location
• Mileage (how often you and your employees drive)
• Policy limit
• Deductible

The car type includes the trim level and weight of the vehicle. Passenger cars are much lighter than SUVs and pickup trucks.

Also, your car’s value impacts your commercial auto insurance. The higher the value, the more you’ll pay for commercial insurance.

What are the best commercial auto insurance discounts?

Commercial auto insurance has similar discounts to those that you usually find with personal auto insurance.

Here’s a list of commercial car insurance deals that can save you hundreds of dollars per year.

• Clean driving record discount – Secure commercial auto insurance deals when you and your employees have a clean driving history.
• Experienced commercial drivers discount – The commercial car insurance company will provide savings if you have multiple experienced drivers with a commercial driver’s license.
• Pay-in-full discount – Commercial insurance companies provide deals to businesses that pay commercial auto insurance in full.
• Bundled policy discount – Receive additional savings when you bundle general liability or other insurance types to commercial car insurance.
• Automatic payment discount – You can get a small discount when you set up automatic payments on your commercial insurance policy
• Safety features discount – Vehicles with certain safety features can get discounted rates.
• Professional association discount – If your business is part of a larger organization, you can receive a discount.

These are only a few discounts. Some insurance companies may have more. Consider raising your commercial auto insurance deductibles to save even more.

Which commercial auto insurance company has the best financial strength ratings?

Financial strength ratings show current and potential customers how well an insurance company is doing financially.

You’ve seen how various commercial auto insurance companies rank in market share. But what are the A.M. Best ratings for the top 10 commercial car insurance companies in the United States?

Let’s examine the most recent ratings.

Top 10 Commercial Auto Insurance Companies by Financial Strength Ratings

Although Progressive has the highest market share in the commercial auto insurance industry, Chubb and Travelers have better A.M. Best ratings.

All companies on the top 10 list have excellent to superior ratings. This means each company has a strong financial standing and can pay claims.

Read more:

• Travelers Auto Insurance Review
• Travelers Commercial Casualty Company Review

Which commercial auto insurance companies have the best J.D. Power score?

If you want to explore ratings beyond A.M. Best, try J.D. Power. J.D. Power measures customer satisfaction with commercial businesses through its index rankings each year.

We compared  J.D. Power Overall Customer Satisfaction Index Ranking below. Let’s see which has the highest J.D. Power score.

2020-2021 J.D. Power Overall Customer Satisfaction Index Ranking for Small U.S. Commercial Insurance

Read more: Allied Insurance Company of America Review

Progressive isn’t included in the J.D. Power rankings of small businesses. Chubb and Travelers are included, but both companies rank lower than Allstate and State Farm.

But this J.D. Power study focuses on small business insurance companies. According to the U.S. Auto Insurance Industry Study, State Farm has the best satisfactory scores in most regions in the nation.

Case Studies: Top Commercial Auto Insurance Coverage

Case Study 1: Acme Construction and Builders Insurance

Acme Construction faced a major accident with a commercial vehicle, resulting in significant damage to a client’s property. Fortunately, their comprehensive commercial auto insurance policy from Builders Insurance covered repair costs, liability claims, and legal expenses, allowing Acme Construction to resume operations without financial setbacks.

Case Study 2: Global Logistics Corporation and SecureTrans Insurance

Global Logistics Corporation faced a major theft incident with a cargo truck, jeopardizing its reputation and finances. Luckily, their robust commercial auto insurance from SecureTrans Insurance covered the full value of the stolen goods, mitigating the financial impact and highlighting the necessity of tailored coverage for logistics companies.

Case Study 3: Foodie Express Restaurant Delivery and FoodGuard Insurance

Foodie Express, a renowned restaurant delivery service, faced a collision with a delivery vehicle, causing significant damages and potential liability claims. Luckily, their comprehensive commercial auto insurance policy from FoodGuard Insurance covered repair costs, liability claims, and legal expenses, ensuring minimal disruption to their operations and financial well-being.

Best Companies for Commercial Auto insurance: The Bottom Line

Progressive, Travelers, and Old Republic are the best commercial car insurance companies.

Although commercial auto insurance rates are difficult to pinpoint, you can pay as low as $50 a month. However, your rates may be different based on factors that are specific to your business and vehicles.

Now that you know more about the best companies for commercial auto insurance, enter your ZIP code in the free online quote tool below to compare multiple companies near you.