Explore Commercial Auto Insurance: Companies And Their Offers

Commercial auto insurance is a necessity for businesses that use vehicles for work purposes. This type of insurance provides liability coverage and can include other types of protection for the vehicle, driver, and passengers. It is important to note that personal car insurance typically does not cover accidents that occur while driving for business. As such, commercial auto insurance is designed to meet the specific needs of businesses, with customizable policies and a range of coverage options available. The cost of commercial auto insurance can vary depending on factors such as the number and type of vehicles, the business type, and the driving records of the employees.

Companies offering commercial auto insurance in Canada

Canada has a surprising small marketplace when it comes to commercial auto insurance companies. This is due to several factors, including extensive regulatory and licensing requirements, overwhelming capital requirements, and the risk of significant financial losses.

One of the largest providers of commercial auto insurance in Canada is Aviva Canada. They offer coverage solutions to meet the needs of customers across all Canadian jurisdictions, as well as insurance options for Canadian customers that operate vehicles in both the US and Canada. Aviva Canada's mandatory coverages include third-party liability coverage, accident benefits, and direct compensation-property damage. They also offer a range of additional coverages, including increased third-party liability limits, collision or upset coverage, and comprehensive coverage.

Another major player in the Canadian commercial auto insurance market is ALIGNED Insurance. They work with over 70 of the top commercial insurance carriers in Canada, including Economical Insurance, Arch Insurance Canada Ltd., Travelers Insurance Co. of Canada, and Liberty International, to name a few. ALIGNED Insurance helps businesses secure the best insurance types for their needs, including commercial auto insurance, at affordable prices.

Other notable commercial auto insurance companies in Canada include Belairdirect, a subsidiary of Intact Insurance, which has been providing car and home insurance solutions for over 65 years; Co-Operators Insurance, a multi-line insurance and financial services cooperative with over 6,000 employees; and Desjardins, Canada's second-largest car insurance company, offering coverage to motorists in Ontario, Alberta, and Québec.

Companies offering commercial auto insurance in the US

Commercial auto insurance is a necessity for businesses that use vehicles for work purposes, and there are many companies in the US that offer this type of insurance. These policies provide liability insurance and can also include other types of coverage for the vehicle, driver, and passengers.

Some of the top-rated companies offering commercial auto insurance in the US include Acuity, Auto-Owners, Axis, Federated Insurance, The Hartford, Nationwide, and Sentry. Each of these companies received five out of five stars in a Forbes Advisor analysis. These insurers stand out for their low complaint ratios and customizable coverage options.

Acuity, for example, has low complaint levels for its commercial auto, liability, and property insurance. They offer supplemental coverage options such as bail bond payments, temporary substitute vehicles, and fire department service charges. Auto-Owners Insurance also has a very low level of complaints, and offers savings through discounts for paying in full, buying multiple policies, and using a telematics program to monitor your fleet.

Axis Insurance is a smaller insurer with no commercial auto insurance complaints in 2021. They target commercial and consumer product manufacturers, commercial contractors, the hospitality industry, and retail. Federated Insurance is another standout for having no complaints to state regulators for its commercial auto insurance in the previous year. However, their commercial liability and commercial property insurance businesses received higher-than-average complaint levels.

The Hartford offers coverage for lost business income if your business vehicle is in a crash, as well as gap coverage for leased and loaned vehicles and coverage for electronic devices. Nationwide also has a very low level of complaints and offers a telematics program, Nationwide Vantage 360, which lets you view drivers' locations and how well they drive, along with a rewards program for safe driving.

Sentry has an excellent track record for low complaints about its commercial auto insurance and primarily serves large businesses, including auto dealerships, construction and manufacturing companies, and motor carriers. They offer non-trucking liability insurance for when you're driving for non-business purposes and the opportunity to work with safety services consultants to implement a fleet safety program.

Companies offering commercial auto insurance for large businesses

Commercial auto insurance is a form of car insurance that covers vehicles used for business purposes. This includes large fleets and small businesses.

Sentry

Sentry offers customizable commercial policies that work well for large businesses with fleets of vehicles. They primarily serve businesses in construction, manufacturing, retail, trucking, and car dealerships. Their business auto insurance offering includes options for dealerships, motor carriers, and motor truck cargo. Sentry also offers coverage for non-work vehicle use and provides safety services consultants to implement a fleet safety program.

The Hartford

The Hartford has been in business for over 200 years and provides commercial auto insurance for large businesses with fleets. They offer a broad range of services, including downtime loss, rental reimbursement, and towing coverage. They have a network of over 1,000 auto repair shops, making it convenient for repairs. The Hartford also offers unique services and discounts, such as gap coverage for leased and loaned vehicles and coverage of electronic devices.

Progressive Commercial

Progressive is the largest commercial auto insurer in the country, offering a wide range of services. They provide liability, physical damage, medical payments, uninsured motorist, hired auto, any auto, and non-owned coverage. Progressive covers many vehicle types, including business automobiles, trucks, and trailers. They also allow for seasonal policy changes, which can be helpful for businesses that don't need full protection year-round.

Nationwide

Nationwide offers commercial auto insurance with a wide range of coverage and deductible options. They provide coverage for various vehicles, including cars, cargo vans, work vans, box trucks, pickup trucks, and utility trucks. Nationwide also has a telematics program, Vantage 360, which allows businesses to monitor their drivers' locations and driving behaviour.

Auto-Owners Insurance

Auto-Owners Insurance offers commercial auto insurance with a very low level of complaints. They provide road trouble service, coverage for additional expenses if the insured vehicle is undrivable, and loan/lease gap coverage. Auto-Owners also offers ways to save on premiums, such as discounts for paying in full, bundling policies, and using a telematics program to monitor the fleet.

These companies provide a range of coverage options and services for large businesses, each with its own unique features and benefits. When choosing a commercial auto insurance provider, it's important to consider the specific needs of your business and select a company that can best meet those needs.

Companies offering commercial auto insurance for small businesses

Commercial auto insurance is a form of car insurance that protects vehicles used for business purposes. If you frequently use your personal vehicle for business or if your business owns one or more commercial vehicles, you should consider commercial auto insurance.

Progressive Commercial

Progressive is the largest commercial auto insurer in the country, offering a wide range of services. It provides liability, physical damage, medical payments, uninsured motorist, hired auto, any auto, and non-owned coverage. Progressive also covers many vehicle types, including business automobiles, trucks, and trailers. The company offers an extensive range of coverage options, and its policies are highly customizable.

Nationwide

Nationwide offers a broad selection of coverage options, including liability coverage, comprehensive and collision, and uninsured and underinsured motorists. It also allows you to expand your coverage through endorsements such as roadside assistance, new vehicle replacement, auto loan or lease coverage, and rental reimbursement.

The Hartford

The Hartford has been in the insurance industry for over 200 years and is well-known for its commercial auto insurance offerings. It primarily serves business fleets and offers a wide range of services, including downtime loss, rental reimbursement, and towing coverage. The Hartford provides coverage for both large and small businesses and has a network of over 1,000 auto repair shops.

Farmers

Farmers is an excellent choice for single-vehicle policies, especially for independent contractors. It offers specialized coverage for contractors and a wide range of coverage options, including using personal vehicles for business use if you don't have a dedicated business vehicle.

Auto-Owners

Auto-Owners is ideal for those seeking various discounts. They offer multi-policy, paid-in-full, fleet monitoring, group coverage, and seasonal vehicle use discounts. The company has excellent financial strength ratings, and customer complaints are rare.

Sentry

Sentry offers customizable commercial policies suitable for fleets and large businesses. They primarily serve businesses in construction, manufacturing, retail, trucking, and car dealerships. Their business auto insurance offering includes options for dealerships, motor carriers, and motor truck cargo.

Other Notable Mentions

• Travelers
• State Farm
• Great West Casualty Company
• Allstate
• AmTrust
• Federated Insurance
• Acuity Insurance

Companies offering commercial auto insurance for single vehicles

Commercial auto insurance is a necessity for businesses that use vehicles for work-related activities. It provides liability insurance and can also include other coverages for the vehicle, driver, and passengers. This type of insurance is essential because personal car insurance typically won't cover accidents that occur while driving for business purposes.

Farmers

Farmers Insurance Group is a well-known and diverse insurance company that offers commercial auto insurance for single vehicles. They provide coverage for businesses that use personal vehicles for business purposes, such as contractors who transport equipment in their trucks or vans. Farmers offer a broad range of coverage options, including liability, personal injury, non-owned auto, uninsured and underinsured motorist protection. They also have excellent financial strength ratings from AM Best, Moody's, and S&P. However, they don't provide online quotes, and you must work with a local agent to purchase a policy.

Sentry

Sentry is a commercial auto insurance provider that serves a range of industries, including dealerships, trucking, construction, and manufacturing. They offer commercial auto liability, physical damage insurance, and non-trucking liability insurance. One of the standout features of Sentry is the availability of safety consultants who can help you craft a fleet safety program. However, they don't provide online quotes or online claims filing.

The Hartford

The Hartford has been in the insurance business for over 200 years and is well-known for its commercial auto insurance offerings. While they cater to business fleets, they also provide coverage for single vehicles. Their coverage options include liability, comprehensive, collision, uninsured/underinsured motorist, medical payments, and non-owner insurance. The Hartford also offers unique services, such as gap coverage for leased and loaned vehicles and coverage for electronic devices. However, you must call an agent to get a quote or purchase a policy.

Progressive

Progressive is one of the largest commercial auto insurers in the country, offering coverage for a wide range of vehicles, including business automobiles, trucks, and trailers. They provide various coverage options, such as liability, physical damage, medical payments, uninsured motorist, hired auto, and non-owned coverage. Progressive allows you to customize your policy to seasonal changes, which is useful if your business needs fluctuate throughout the year. They also offer numerous discounts, such as for commercial driver's licenses, bundling, and paying by EFT. Progressive's commercial auto insurance is available in all 50 states, but they don't sell policies online, and you must work with an agent.

Frequently asked questions