How Much Does Commercial Car Insurance Cost?

​Commercial auto insurance can help cover the costs of any accidents with your business vehicles, whether you or one of your employees is driving them.

However, it's not possible to give an accurate estimate of how much commercial car insurance costs. Commercial car insurance costs may be affected by several factors, such as:

Extent Of Coverage
This refers to the number of vehicles and employees that must be insured. The premiums you pay are frequently based on this factor.

Amount Of Coverage
It refers to the liability or risk that a person or vehicle covers. Having more coverage would lead to higher premiums.

Type Of Vehicle
Commercial car insurance can vary depending on the vehicles you use. There may be more risk involved with operating a large truck than operating a taxi.

Driving Distance
If your drivers often cross state lines or drive long distances, your commercial auto insurance rates may be higher.

Cargo
The price may also depend on what is being transported. For example, your auto insurance rates may be higher if you transport expensive goods instead of everyday items. The same may be true for transporting hazardous goods.

Driver
How much your auto insurance costs might also affect who drives the vehicle. Premiums tend to be lower for drivers with more experience and higher for those who have made a lot of claims in the past.

Industry
Insurance may be more expensive for businesses in more dangerous fields than those in safer ones.

Credit History
Commercial car insurance premiums can be affected by a company's credit rating. Your premium is based on various economic factors, such as your company's sales, expenses, profitability, profitability margins, and payment history. Plus, it could be higher if your business has a poor credit history.

Conclusion
Don't risk your business by using cars that aren't insured. Commercial auto insurance can help cover costs if you or your employees get into an accident while driving a business vehicle. While the total cost of commercial auto insurance is impossible to predict, you can get a good idea by considering the above mentioned factors.

At Roper Insurance Services, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (828) 697-6709 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!