What exactly are the differences between regular auto insurance and commercial auto insurance? One is primarily for individuals, the other for companies with fleet vehicles.
In a nutshell, commercial auto insurance is ideal for those vehicles that are to be used exclusively for commercial or business purposes. Regular auto insurance, on the other hand, is for those vehicles that are used primarily for personal reasons.
If you are unsure whether or not your vehicle should be under commercial auto insurance coverage instead of personal coverage, here are some indicators. Go with the commercial auto insurance if:
In addition, the size and weight of your vehicle play a role in whether or not it should be covered by personal or commercial insurance. If your vehicle is bigger and heavier than a regular SUV or pickup truck, it is usually seen as a commercial vehicle that needs to be covered by commercial auto insurance.
There are distinct differences in the coverage that you get between these two auto insurance types. First and foremost: The liability coverage of commercial auto insurance is higher than personal auto insurance. It also comes with property and liability trailer exposure, hired vehicle coverage, non-owned vehicle coverage, loading and unloading exposure, and much more. These are not the kind of stipulations you will find with personal auto insurance.
Of course, the price of these two insurance types will also differ from one another. Commercial auto insurance will usually cost more than personal auto insurance. Aside from the higher risk of accidents due to more time on the road, the size, weight, use, and cost of the vehicle in question will also come into play when pricing is considered.
In Texas, when you need to have your company’s vehicles covered by commercial auto insurance, the company you should contact is Quote Commercial. We have comprehensive coverage for companies that require this type of policy. We also offer other commercial insurance policies that your business may need, such as workers’ compensation, commercial liability, and commercial property insurance.
When you need commercial insurance in Texas, don’t hesitate to contact us at 844-331-7076. Our friendly and knowledgeable operators are on standby to help you and to answer your questions.