Commercial auto insurance is a crucial aspect of running a business that involves using vehicles for various purposes. Whether you have a fleet of trucks for deliveries, a van for transporting equipment, or a car for meeting clients, having the right insurance coverage is essential to protect your business assets and employees. Personal car insurance policies typically do not cover business activities, so it’s important to invest in commercial auto insurance to ensure you are adequately protected.
When it comes to choosing the best commercial auto insurance policy for your business, there are several factors to consider. These include the types of vehicles you use, the coverage options available, the reputation of the insurance company, and any discounts or benefits they offer. To help you navigate the options available, CNBC Select has compiled a list of the top commercial auto insurance companies based on their coverage, customer satisfaction, and overall value.
One of the top picks for commercial auto insurance is Progressive Commercial Auto Insurance. Progressive offers coverage for a variety of vehicles and business situations, with discounts available to help business owners save money. Their Snapshot ProView feature allows business owners to track their vehicles, get trip reporting metrics, and safety reports, all while receiving a 5% discount on their premium. Progressive is available in all 50 U.S. states and is known for its excellent customer service and competitive rates.
Another top contender is Geico Commercial Auto Insurance, which has been a trusted name in the insurance industry for over 70 years. Geico offers coverage for a wide range of vehicles, from cars to food trucks, and allows policy management and quotes to be easily accessed online. With an A+ rating from A.M. Best, Geico is a reliable choice for business owners looking for comprehensive coverage and excellent customer service.
For those in need of quick coverage, NEXT Commercial Auto Insurance is a great option. NEXT specializes in business insurance and offers online quotes and policies in a matter of minutes. They provide coverage through NEXT or a partner insurer, including Progressive, and offer benefits such as towing and labor reimbursement and rental car reimbursement. While NEXT does not cover passenger services or food trucks, they are an excellent choice for business owners looking for fast and efficient insurance solutions.
Sentry Commercial Auto Insurance is another top pick for business owners seeking customizable coverage options. Sentry’s commercial auto insurance products are available in all 50 states and feature the ability to file claims online 24/7. They offer a range of coverage options, including commercial auto liability, physical damage insurance, and non-trucking liability insurance. With access to an expert safety consultant to help craft a fleet safety program, Sentry is a great choice for businesses in industries such as dealerships, trucking, construction, and manufacturing.
In conclusion, choosing the right commercial auto insurance policy is essential for protecting your business assets and employees. By considering factors such as coverage options, discounts, and customer satisfaction, you can find the best insurance company to meet your business needs. Whether you opt for Progressive, Geico, NEXT, or Sentry, you can rest assured that your vehicles and business operations are in good hands with these top commercial auto insurance providers.