Business auto insurance coverage insurance policies defend enterprise homeowners from being accountable for automotive accident damages to firm autos. Insurance policies additionally cowl the occupants of the autos (drivers or purchasers) by offering compensation in case of accidents. So if you happen to’re a enterprise proprietor, it’s essential to know the ins and outs of economic auto insurance coverage.

Whereas this text focuses on Progressive’s business auto insurance coverage, Progressive insurance policies is probably not for everybody. It’s necessary to search out business automotive insurance coverage from an organization that fits your funds and the autos you want, so our crew of specialists has evaluated the best auto insurance companies that provide business car protection.

Enter your zip code under and obtain free insurance coverage quotes from these suppliers in your space.

What Does Progressive Business Auto Insurance coverage Cowl?

Business car insurance coverage from Progressive covers a lot of the identical issues that commonplace non-public automotive insurance coverage insurance policies cowl: legal responsibility insurance coverage, complete insurance coverage and extra. Business insurance coverage insurance policies throughout many firms have a tendency to supply the next the companies:

Auto Accident Legal responsibility Protection

Skilled legal responsibility insurance coverage in a business auto insurance coverage coverage might cowl the price of an accident that you just brought about. This may embody the price of repairs for the opposite celebration’s property or car, authorized prices if the opposite celebration sues or medical charges for accidents to the opposite driver.

For instance, if your organization driver rear-ends a small salon whereas driving to a shopper, your business auto insurance coverage supplier ought to be capable to cowl the restore charges of the salon and the motive force’s accidents.

Collision Insurance coverage and Complete Protection

Progressive business auto insurance coverage has each collision and complete protection. Collision insurance coverage will maintain your car and property damages within the occasion of a crash, whether or not you might be at fault or not.

Progressive’s business collision protection takes care of your automotive if it’s broken by one thing that isn’t associated to a typical automotive accident. This may imply damages from the surroundings, like floods, hail and different pure disasters. Progressive’s business insurance coverage also can cowl damages from hearth, theft, vandalism and issues that collide together with your car by the way, like falling timber.

Medical Funds Protection

Business auto insurance policies that cowl medical prices can be found to anybody concerned and injured in an accident, no matter who brought about the accident. Progressive’s business coverage covers whole medical funds and ambulance prices on your driver and the occupants within the business truck or automotive.

Uninsured Motorist Protection

A 2021 analysis research performed by the Insurance coverage Analysis Council (IRC) revealed that roughly one in eight drivers have been uninsured in 2019. On prime of that, autos used for business functions are additionally usually uncovered to extra hurt in comparison with private automobiles, anyway, which will increase a enterprise proprietor’s probabilities of having to file a declare towards an uninsured driver.

When an uninsured motorist causes an accident involving your online business car, they might not be capable to pay for damages. That is the place a business auto insurance coverage coverage from Progressive is useful, because it covers the ensuing restore prices and medical charges for each your worker and the uninsured motorist.

In some instances, the coverage additionally covers underinsured motorists, the place the motive force at fault has inadequate insurance coverage protection.

Why You Ought to Get Business Auto Insurance coverage for Your Enterprise

Whether or not you get a business car insurance coverage coverage from Progressive or elsewhere, the protection safeguards enterprise property towards lawsuits and different liabilities. Business automotive protection can be mandated in all states however Virginia and New Hampshire. Listed below are another essential causes to get insurance coverage protection for autos in your online business:

It Will Defend Your Workers

Most business car insurance coverage insurance policies (together with Progressive’s) will cowl staff that drive the corporate autos. Private autos which might be used for firm enterprise and employed firm automobiles are additionally lined. This ensures all-around safety on your staff.

Business car insurance coverage insurance policies fluctuate by firm, so it’s best to at all times seek the advice of with the insurance coverage supplier on its coverage’s phrases and circumstances.

It Will Defend All Car Sorts

Whereas a common legal responsibility auto insurance coverage coverage could also be used as protection for your online business car, there’s a limitation to the kind of autos lined by the coverage. Such a insurance coverage is good for small private autos like saloons, SUVs or pickup vans.

A business or enterprise homeowners coverage, alternatively, can be utilized for each small and heavy-duty autos, corresponding to tow vans, business trailers and dump vans which might be utilized in enterprise. Moreover, the coverage presents specialised coverages, corresponding to 24/7 claims service.

You Can Get Specialised Protection

Business auto insurance coverage insurance policies from Progressive supply coverages particular to enterprise autos, normally at no additional value. With non-public auto insurance coverage insurance policies, these specialised coverages are thought of add-ons that can value more cash.

That mentioned, listed here are some specialised coverages included in lots of business auto insurance policies:

Non-owned car protection	This covers bodily injury to autos you’ve employed, borrowed or rented for business use. It doesn’t typically embody autos owned by staff. Most insurance coverage firms additionally require preconditions to supply this protection. A standard precondition could also be that the totaled car has pre-existing legal responsibility insurance coverage and that company-owned automobiles have protection towards bodily injury.
Lease or mortgage hole protection	If your online business is leasing or making mortgage funds on a car, a business auto insurance coverage coverage is what you want. When the automotive will get totaled, this insurance coverage protection pays the remaining mortgage stability to the financial institution or automotive vendor.
Rental reimbursement	This covers the prices of briefly utilizing a rented car when your online business car is broken and out of service. Most often, this distinctive protection is included when your business auto insurance coverage coverage contains collision protection.
Electronics and tools protection	Firm autos typically have extra tools and electronics, corresponding to GPS and fridges, to facilitate enterprise operations. A business auto insurance coverage coverage covers these modifications in case of theft or injury throughout an accident.

Is Progressive Insurance coverage Proper for Your Enterprise?

Progressive’s business auto insurance coverage just isn’t the corporate’s solely promoting level. Progressive has constructed a fame for offering reasonably priced protection to high-risk motorists who might discover it tough to get related charges (or any acceptance) from different firms. These motorists embody drivers with DUIs, dashing tickets and different visitors violations that make up poor driving records.

Progressive has an general score of 8.6 primarily based on analysis from our skilled crew, which is basically owed to the model’s cheap auto insurance for sure profile drivers. Progressive’s usage-based insurance coverage app Snapshot helps drivers lower their premiums by $156 per 12 months, as an example. The corporate additionally provides discounts for many who pay in full, arrange computerized funds, request on-line quotes and extra.

Progressive additionally presents a device on its web site to assist viewers determine if it’s higher to get a business auto coverage or a private coverage for his or her enterprise. To know extra in regards to the firm, contact a neighborhood Progressive agent.

Different Suggestions for Auto Insurance coverage

With quite a few auto insurance coverage carriers out there, choosing the proper one generally is a difficult job. If Progressive just isn’t the fitting selection on your business auto insurance coverage wants, each GEICO and USAA are price contemplating. You should use our comparability device under to take a look at free auto insurance quotes from these two suppliers facet by facet.

GEICO: Finest Reductions

In terms of insurance coverage, the price of premiums considerably impacts the selection of an insurance coverage supplier. GEICO, one of many main insurance coverage suppliers within the U.S., presents appreciable reductions to offset excessive prices.

The corporate ranks highest in coverage options and offers discounts for a number of autos and insurance policies. There are additionally enormous reductions for good drivers (22%), emergency deployment (25%), navy reductions (15%), membership reductions and others. For its reductions, aggressive charges and commendable customer support, we ranked GEICO at 9.1 out of 10.0.

USAA: Finest for Navy

Whereas suppliers like GEICO might supply navy packages, USAA may very well be a greater possibility for energetic navy and veterans. As an organization that’s solely for veterans, navy members and their households, it presents loads of specialised offers.

USAA additionally presents aggressive premiums and a spread of reductions for defensive driving, secure and low-mileage drivers, households and others. Based mostly on these elements, we gave USAA a score of 9.3 out of 10.0.

Progressive Business Auto Insurance coverage: FAQ

What’s the distinction between business auto insurance coverage and private auto insurance coverage?

Whereas business auto insurance coverage and private auto insurance coverage overlap in a number of features, there are important variations between them. Business insurance policies typically have excessive legal responsibility limits since enterprise autos are uncovered to extra dangers and supply protection for autos not owned by the enterprise, together with staff’ private automobiles when used for work.

How a lot is business auto insurance coverage?

There isn’t a mounted value for business auto insurance coverage. The price of your coverage is determined by the car sort, how the car is used and the motive force’s document, amongst different elements.

How a lot business auto insurance coverage do I would like?

The minimal necessities for business auto insurance coverage insurance policies fluctuate from state to state. This will embody bodily harm protection and property legal responsibility protection. You should purchase the minimal protection or embody extras to obtain increased claims in your coverage protection.

What does a business insurance coverage coverage cowl?

Business insurance coverage insurance policies cowl autos used as a part of a enterprise or company. Insurance policies normally embody legal responsibility protection, collision and complete insurance coverage, and different specialised coverages like non-owners insurance coverage and mortgage/lease hole protection.

Methodology

The Detroit Bureau collects information from each main automotive insurance coverage supplier to formulate rankings of the very best insurers. Our in-depth score system takes under consideration market share, protection, auto insurance coverage charge estimates generated by Quadrant Info Providers, buyer satisfaction and rankings from business specialists. Every insurer is given a weighted rating in 4 classes, in addition to an general rating out of 10.0.We suggest auto insurance coverage firms primarily based on these rankings, however we additionally encourage you to carry out your individual analysis and evaluate quotes to search out the very best protection.