How much is commercial auto insurance?
In 2024, the national average monthly cost for commercial auto insurance through Progressive ranged from $272 for contractor autos to $954 for for-hire transport trucks.‡‡ Multiple factors affect your rate, including your driving history, coverage needs, and profession. In other words, your cost will be unique to you.
Progressive Commercial is the #1 commercial auto insurer in America.* We can help you customize your company's policy to get the right coverage at a reasonable cost. See how your business type can affect your commercial auto insurance cost.
Average commercial auto insurance cost by business type
Business Auto
Average monthly rate: $282‡‡
Business auto customers use vehicles like cars, SUVs, small trucks, and vans for work. Some professions in this category include cleaning services, restaurants, and consultants.
Business auto insurance typically costs more than a personal auto policy because it has more coverage, including protection for work and personal accidents. As a result, business auto insurance is usually the best value for small business owners because it covers both commercial and personal errands.
Learn more about commercial auto insurance.
Contractors
Average monthly rate: $272‡‡
Contractors, sub-contractors, and independent tradespeople use commercial autos like pickup trucks, cargo vans, SUVs, and trailers to transport tools and equipment on the job.
Typical professions with a contractors commercial auto policy include carpenters, electricians, landscapers, and painters.
The average cost of commercial auto insurance for contractors is $272 per month. Your business's custom rate depends on vehicle type and coverage needs. For example, a pickup truck with a ladder rack and permanently attached toolbox might cost more to insure than a standard truck without additional features.
Learn more about contractors insurance cost and coverages.
For-Hire Truck
Average monthly rate: $746–$954‡‡
The average monthly commercial truck insurance cost varies by vehicle and load type. Truckers who transport various goods or heavy cargo can expect to pay more for insurance than a trucker who specializes in transporting a specific material.
For-hire specialty trucks cost an average of $746 per month to insure. These trucks tend to have a lower premium because they focus on transporting one type of good. Log haulers, gravel haulers, and garbage trucks are just a few of the many vehicles that fit this description.
For-hire transport trucks have an average monthly premium of $954. These trucks are usually heavy freight trucks, like semis, that haul various goods for others. Some examples of for-hire transport customers include general haulers, expeditors, and owner-operators.
Learn more about commercial truck insurance cost and rating factors.
Tow Truck
Average monthly rate: $619‡‡
Tow truck businesses use wreckers or rollbacks to offer roadside assistance and transportation for broken-down vehicles. Towing businesses, auto body shops, mechanics, and salvage haulers are some examples of businesses that typically need this coverage.
The average monthly cost for a new tow truck insurance policy is $619. This premium is based on standard coverages, including bodily injury, property damage, and physical damage.
Your location, type of towing, and coverage needs will determine your custom rate. For example, adding additional protections, such as garagekeepers legal liability and on-hook towing, can increase your premium.
Learn more about tow truck insurance cost, coverages, and discounts.
Determining your commercial vehicle insurance rate
The average commercial auto cost isn't necessarily what you'll pay. Many customers have a monthly premium closer to the median price because expensive outliers often drive up the average cost.
Your rate depends on specific features of your business, including coverage needs and driving history. Discover the factors that influence your premium and how to get affordable commercial auto coverage.
| Commercial Customer |
Median Cost |
Average Cost |
|---|---|---|
| Business Auto | $219/month | $282/month |
| Contractors | $212/month | $272/month |
| For-Hire Specialty Truck | $629/month | $746/month |
| For-Hire Transport Truck | $869/month | $954/month |
| Tow | $380/month | $619/month |
The best way to learn your commercial auto insurance cost is to get a quote.
Save on your commercial auto insurance cost
If you're looking for insurance that's right for your business, Progressive Commercial has you covered. We'll help you save on commercial auto insurance and customize a policy for your work vehicles.
We also offer a variety of discounts and other ways to save, including:
- Prior Auto Insurance Discount
- Multi-Product Discount
- Paid In FullDiscount‡
- Snapshot ProView®
- Smart Haul® Program
Call us or start a quote online to get your commercial auto insurance cost.
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