Commercial vehicle insurance is a kind of car insurance that guards a vehicle utilized for business activities. If your business has a commercial vehicle or you regularly employ your vehicle for business purposes, then you must have commercial vehicle insurance. You must know that your car insurance will never cover the vehicles that you use for business. Everyone—from a pizza delivery person to a worker in a construction company—uses commercial vehicle insurance to guard their vehicles, themselves, and their businesses. Let us take a look at three of the best commercial vehicle insurance providers:
Progressive Commercial
As of today, Progressive Commercial is the number-one specialty recreational vehicle and motorcycle insurance provider and the third biggest auto insurance provider in the country. With them, you can find coverage for almost every kind of vehicle.
On an annual basis, the company writes around 13 million auto policies. Even though it is famously regarded as the innovation driver in the personal auto market, the company is also much preferred for commercial auto insurance. You can avail of their insurance directly via their 30,000 plus agencies spread across the country. In addition, they have an array of discounts available to help you find a policy that suits your budget.
Their auto policy comes with round-the-clock online service. Further, you get flexible payment and billing options, adjustable coverages at all times, unlimited travel radius provided in most states, and commercial claim adjusters. They can provide you with an online quote and even connect you to an expert in case you are seeking any insurance-related advice. Note that the company does not insure businesses with over 20 vehicles.
Nationwide
When it comes to providing the best coverage, no one can outrank Nationwide. This commercial vehicle insurance provider offers an array of valuable features, affordable policy options, and deductibles.
Nationwide has been in existence since 1926 and is one of the top-ranked companies in customer satisfaction. You can avail of their insurance on several business vehicles, such as cargo vans, cars, box trucks, utility trucks, work vans, and pickup trucks. Their policy does not cover tractor trailers and semi-trucks. You can receive your quote online, but to shop their policy, you must speak to an agent.
Nationwide offers auto liability coverage that starts from $100,000 and goes up to $1 million per vehicle. They also provide for non-owner and cargo coverage. Nationwide’s commercial auto insurances covers everything from motorist and collision coverage to medical payments.
A few other optional features that you can get with them are roadside assistance, new car replacement, gap coverage for leases and loans, and rental reimbursement. Businesses can even add personal injury protection to shield their passengers and drivers. AM Best has ranked Nationwide’s financial strength as A+.
State Farm
Founded in 1922, State Farm Insurance offers vehicle insurance to specialty schools, religious organizations, personal services, animal care organizations, contractors and home services, wholesalers, distributors, and medical officers, among others. Their coverage options cover physical damage and bodily injury, comprehensive, motorist coverage, collision, and medical payments. Further, you have a choice of including Employers Non-Owned Car Liability (ENOL), which can protect your company if the employee drives their vehicle for business purposes and gets involved in any road accident. In order to determine the ideal coverage limit and deductibles for your business, you can get in touch with a State Farm agent.
AM Best has rated State Farm’s financial strength as A++. The company has also been recognized as above average in customer satisfaction by J.D. Power.