Cheap commercial auto insurance
Finding affordable commercial auto insurance is important, but cutting costs shouldn't mean cutting coverage or quality. The right policy can protect your small business from expensive accidents while keeping your budget in check.
Progressive Commercial offers flexible coverage designed to fit your business. We'll customize a policy that balances cost and protection, so you can stay focused on the road to success.
Commercial auto insurance cost factors
Your commercial auto insurance cost is based on specific details about your business. We use the following factors to calculate your premium.
Industry and profession
Different professions have different risks. For example, a construction company that uses several work trucks every day has a higher chance of accidents. They spend more time on the road, carry heavier loads, and work in busy environments. A consultant who only drives a car for occasional errands has much less risk. That's why the construction firm would pay a higher premium than the consulting business.
Location
Your business location also affects your commercial auto insurance cost. You might pay more to insure a commercial vehicle in a large city than in a rural area. Cities with more accidents and higher repair costs can also increase your price.
Where you live impacts your rate, too. For example, the minimum liability limit in New Jersey is much lower than the liability limit you have to carry in California. To see how local laws and requirements affect what you'll pay, explore commercial auto insurance in your state.
Vehicles
Your vehicle's age, size, and purpose influence your premium. For example, an older delivery van that a bakery uses once a week would cost less to insure than a new cargo van for a courier service that regularly transports expensive materials.
Coverages
The coverages you choose affect both your protection and your cost. More coverage can mean better protection, but it will also increase your premium. For example, physical damage coverage is optional and adds to your cost based on your vehicle's value. But it can help pay to repair or replace your vehicle if it's damaged or stolen, which is why many businesses choose to include it.
Find out what other commercial auto coverages are available.
Driving history
Your driving history is also important. A motor vehicle report will be run for all drivers with access to your commercial vehicle. Three or more years of clean driving records can result in a lower premium.
Insurance limits
Your commercial auto insurance cost will increase with higher insurance limits. For example, a $1 million liability policy will have a significantly higher premium than a policy with state minimum liability limits. Commercial trucks may also need to carry higher coverage amounts to comply with Federal Motor Carrier Safety Administration (FMCSA) requirements, which could raise premiums.
High-quality, low-cost auto coverage
You don't have to pay more to get better quality when it comes to commercial auto insurance. At Progressive Commercial, we offer affordable coverage tailored to your specific needs. We'll help you choose protections that make the most sense for your business so you're not paying for anything you don't need.
How to get affordable commercial vehicle insurance
There are several ways to get low-cost commercial auto insurance for your business.
Maintain a clean driving record
Your driving history has a direct impact on your premium. Even a small moving violation can significantly affect your rate. You can keep your cost low if you and your employees practice safe driving habits. Your rate could also improve over time with an accident-free driving record.
Adjust your deductibles and coverage limits
Changing your commercial auto insurance deductibles and coverage limits is another way to lower your commercial auto insurance costs. For example, you could decrease your combined single limit (CSL) from 300 to 100. That means your coverage for accidents with more than one person would drop from $300,000 to $100,000.
You could also get cheaper commercial auto insurance by raising your deductible. A higher deductible means you'll pay more out of pocket if you have a covered claim.
Before choosing your limits and deductibles, make sure you're comfortable with the amounts you'd be responsible for after an accident.
Maximize your discounts
Discounts are the easiest way to get cheap commercial auto insurance.† Progressive Commercial offers multiple ways to save. Qualified customers can get a more affordable policy with the following:
- Prior insurance savings: If you've had continuous coverage for the last 12 months, you might be eligible for a reduced rate.
- Multi-product discount: Customers with a general liability or business owners policy (BOP) could get a lower commercial auto premium.
- Paid in full discount: Most business auto customers can save 10% or more when they pay for their policy upfront.‡
- Snapshot ProView®: New businesses get an automatic savings of at least 5% when they enroll in our free fleet management tool program.††
Explore our other auto insurance discounts to see how you can save on your policy.
Best practices for managing commercial auto insurance costs long-term
Staying proactive is the number one business strategy for managing auto insurance costs. That means implementing:
- Annual policy reviews: Ensure your auto insurance policy continues to meet your needs. You may be able to save by adjusting coverages and limits.
- Maintenance schedules: Regularly maintained vehicles are less prone to breakdowns and accidents.
- Driver training programs: Monitoring your employees and establishing guidelines through regular training can increase safety awareness and help prevent accidents.
Why choose Progressive Commercial for affordable commercial auto insurance
Small business owners have trusted us with their insurance needs for over 50 years. As America's #1 commercial auto insurer,* we offer affordable coverage without compromising quality. Learn what you'll pay with an online quote. It's a quick and easy way to compare coverages, limits, discounts, and more. For more support, you can contact us to speak with an insurance specialist who can help customize a plan that's right for you.
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