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Business Auto Insurance Quotes

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Any company operating vehicles during the normal course of operations must have business auto insurance. Even if you are using personal vehicles for company purposes, you have to have business car insurance, as a personal policy does not cover commercial use of personal transportation.

Operating a car or truck for commercial purposes without the right protection is foolish, to say the least. If the vehicle is involved in an at-fault accident and ends up not having the right type of coverage in place, the future of your business could be in jeopardy. Get a business vehicle insurance policy for the motor vehicles you use during your company's operations so that all you have worked so hard to build is properly protected.

To get the best rates possible for the policies you need, you should get several FREE, no-obligation insurance quotes. Use NetQuote, the leading online insurance marketplace, to compare rates from leading carriers. No matter what type of commercial plan you are looking for, NetQuote should be your first stop. Request your free quotes online and greatly simplify your search for the protection your company needs!

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Small Business Auto Insurance Coverages

A business automobile insurance policy (Wikipedia definition) will have many of the same types of coverage that anyone with a personal auto policy should be familiar with. After all, the purposes of each are the same - to provide indemnification for the use of a vehicle. The major difference is that a commercial policy will provide coverage for business use, when a personal policy often times either excludes coverage for business use, or severely restricts the protection it provides.

A small business auto insurance policy will typically offer a variety of coverages, including:

  • Physical Damage Protection - Both collision and comprehensive coverage make up the physical damage portion of the policy. Collision pays for damages caused by an accident, where comprehensive pays for non-collision related damage, which includes fire, theft, and vandalism. Physical damage coverage is for damage to an insured vehicle, not to a third party's vehicle.
  • Liability Coverage - When a covered company vehicle causes either bodily injury or property damage, the liability portion of the policy pays out. This coverage is for at-fault accidents involving a vehicle specifically insured by the commercial policy. Damages or injuries are to a third-party, not to occupants of the car, or to the covered vehicle itself.
  • Uninsured Motorist Coverage - When a vehicle without insurance, or not enough insurance, causes damage to your covered business auto and/or its occupants, your uninsured/underinsured motorist coverage pays out. This is an important protection due to the fact that many people drive around without any plan in place, or not high enough limits to pay for all of the damages caused by their actions.
  • Medical Payments - The portion of your policy that covers medical bills incurred by anyone occupying a covered company auto operated by your organization is called medical payments. This does not include injuries sustained by a third party, as the liability portion of a business auto policy covers these.

See the below table for further coverage explanations, as well as which parts of the business auto insurance policy provides first party (the insured) protection, and which part provides third party (other than the insured) protection.

Depending on what your commercial vehicles are used for, there may be optional endorsements that you might need, giving you additional protection for the cars and/or trucks that your company operates. Check with your insurance agent to make sure that the vehicles your company uses are covered with the right type of policy, and that the policy limits are sufficient to protect your company's assets. After all, without the right protection in place, your company is exposed to being held liable for damages caused by the operation of its vehicles, and this could be a very expensive occurrence.

Business Car Insurance Quotes

With NetQuote, you can get a FREE, no-obligation business car insurance quote from the leading carriers, allowing you to compare coverages and rates to see which policy is right for you. Just simply fill out one secure, online form and quickly receive the quotes you are looking for. Locating the right commercial policies has never been easier!

NetQuote is truly a no-obligation service that allows you to see what commercial coverage will cost your business, without being obligated to purchase a plan from any agent that provides you a quote. Once you provide NetQuote with some basic information about your company, and the protection you are seeking, they provide you with no-obligation quotes from several providers. Pick and choose who you want to follow up with, or choose to contact none of the providers. It is all up to you.

Receive FREE, no-obligation business auto insurance quotes from NetQuote today and get the right type of coverage for your company!

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Major Business Vehicle Insurance Coverages

First Party Coverage* Third Party Coverage**
Liability Coverage - Pays for injuries or damages to a third party. Broken into two parts - bodily injury and property damage (see below). Policy limits are often abbreviated with a series of three numbers - for example, limits of 50/100/25 would pay a maximum of $50,000 for bodily injury to a single person, and a maximum of $100,000 in bodily injury claims for the entire accident. The third number represents maximum policy limits for property damage - in this case, $25,000. no-x checkmark
Bodily Injury Coverage - Pays for injuries sustained by a third party due to the actions of the insured when operating a covered vehicle. This can include injuries to people in a vehicle hit by an insured vehicle, as well as parties outside of covered vehicles (such as pedestrians). no-x checkmark
Property Damage Coverage - Pays for damages to the property owned by a third party (not the insured vehicles). This can include other people's vehicles, as well as physical property, such as buildings, houses, mailboxes, streetlights, etc. no-x checkmark
Medical Payments Coverage - Pays when people inside the insured vehicle are injured. This includes the named insured, their family members, and any other person inside the covered vehicle. Medical payments may also cover the insured if they are a pedestrian injured by a motor vehicle. Medical payments may also include extended benefits that compensated a covered individual for lost wages and other damages. checkmark no-x
Uninsured/Underinsured Motorist Coverage - An uninsured motorist is one that either doesn't have their own vehicle insurance policy, or they have one that doesn't meet the state-required minimum liability limits. An underinsured motorist is one that has a vehicle policy, but their policy limits are not sufficient to cover the damages caused by an accident for which they are found to be at fault. In most states, uninsured/underinsured coverage is optional, but highly recommended, and pays when your vehicle is hit by an uninsured or underinsured driver. Generally, you cannot purchase more coverage then what you carry for your liability limits. checkmark no-x
Physical Damage Coverage - Pays for damages to the vehicles listed on the policy and is broken into two parts - comprehensive and collision (see below). Rates are determined by a variety of factors, including the make and model of the vehicle, and the loss history for a particular vehicle. There is a deductible associated with physical damage coverage, which the insured must come up with before the insurance company will pay. Deductible limits vary from $0 to $1000, or more. Usually, the higher the deductible (the more risk the insured is willing to take on), the lower the premiums. checkmark no-x
Comprehensive Coverage - Pays for damage to an insured vehicle caused by events such as fire, hail, flood, water, wind, theft, vandalism, riots, explosions, and earthquakes. In other words, for most events not associated with collision damages (see below). checkmark no-x
Collision Coverage - Pays for damages to an insured vehicle due to impact with an object. This can include other vehicles, as well as stationary objects like trees, light poles, buildings, etc. checkmark no-x

* First Party Coverage - Coverage for the persons and vehicles named on the policy, as well as any occupants of the insured vehicle at the time of the accident.

** Third Party Coverage - Coverage for injury or damage to individuals, vehicles, or property, caused by the insured (first party).

FYI: The second party, in terms of commercial auto insurance policy, is the company that issues the coverage (the insurance company). Therefore, the first party purchases a policy from the second party to provide coverage for damages to the third party (as well as the first party as outlined above).

Need other coverage? Get a brief explanation of various business insurance types to see what else is available.

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