You should get commercial auto insurance for any vehicle you use for business reasons, whether it's a car, truck, or van, so that you can preserve the financial investment you've made in that vehicle. If you or an employee are involved in an accident while driving for business purposes, your personal auto insurance policy will not cover the costs of repairs or replacement of the vehicle. Commercial auto insurance can cover a wide variety of vehicles, including company cars, food trucks, delivery vans, and even delivery vans.
You are going to require business use auto insurance if you are going to be driving a vehicle for professional reasons. Your homeowner's insurance coverage will not cover any business-related driving that you do.
We analyzed the complaint data provided by the National Association of Insurance Commissioners and used that information to rank the major insurance providers in order to assist take the guesswork out of getting the best commercial auto insurance.
Top 10 Commercial Auto Insurance Companies In 2022
Acuity A Mutual Insurance Co.
The number of customer complaints received by Acuity regarding its commercial vehicle, liability, and property insurance is consistently low. Acuity is able to provide insurance for many different kinds of companies, including those in the construction, manufacturing, trucking, and retail industries. A commercial auto insurance policy from Acuity can have a variety of extra coverage types added to it, such as coverage for payments on bail bonds, coverage for temporary substitute vehicles, and compensation for charges incurred by fire departments.
Auto-Owners Insurance
Auto-Owners Insurance receives a relatively small number of customer complaints regarding its commercial auto insurance policies. You can get a discount on your business auto insurance from Auto-Owners if you pay for the policy in full, purchase multiple policies, or use a telematics software to monitor your fleet of vehicles. These are all ways to save money.
Axis Insurance
Although it is not one of the major insurers on our list, Axis Insurance is deserving of consideration due to the absence of business auto insurance complaints filed against it in 2021. Manufacturers of commercial and consumer goods, commercial contractors, the hospitality industry, and retailers are the primary customers for this company's products and services. Axis's business liability insurance and commercial property insurance both had a low number of complaints filed against them with state regulators.
Federated Insurance
Federated Insurance caters to a variety of business sectors, including wholesalers, retailers, distributors, car repair shops, and contractors. It stands out because there were no complaints lodged with the state regulators in the previous year. However, the company's commercial liability and commercial property insurance companies received a higher number of customer complaints than the typical level for their industries.
The Hartford
Within its expansive reach of insurance and financial services, The Hartford provides commercial auto insurance for companies of all sizes, from sole proprietorships to multinational corporations. Commercial auto insurance from The Hartford can compensate for lost revenue in the event that an accident involves a vehicle used in your business.
Coverage for electronic devices and gap insurance are both included in the commercial auto policies offered by The Hartford. Gap coverage is also available for leased and borrowed vehicles. The Hartford will pay an extra 10% (up to $2,500) above the value of the car if you replace it with a hybrid vehicle, an electric vehicle, or a natural gas vehicle in the event that your business vehicle is totaled.
Nationwide
Although Nationwide is involved in a wide variety of insurance and financial services, one area in which it is a significant player is the commercial auto insurance market. Customers from the commercial agricultural, construction, and manufacturing industries are Nationwide's primary focus. Nationwide is able to provide coverage that is appropriate for smaller enterprises as well, such as retail outlets.
Check out Nationwide Vantage360 if the fleet of cars owned by your small business falls within this category. You will be able to examine the whereabouts of drivers as well as their driving performance thanks to this telematics program.
Sentry
Sentry has a stellar track record when it comes to the number of customer complaints received regarding their commercial auto insurance. Sentry caters mostly to major organizations, such as dealerships for automobiles, construction and manufacturing firms, and shipping and transportation businesses.
AmTrust Financial
The commercial car insurance division of AmTrust primarily serves contractors (including those in the electrical, HVAC, and plumbing industries), distributors (including those in the food and beverage industry), energy, and appliance repair businesses. AmTrust is able to provide downtime loss coverage for small businesses in the event that their vehicles require maintenance, a diminishing deductible in the event that they haven't filed a claim in the past, and a single deductible in the event that they have filed claims on multiple vehicles as a result of the same incident.
Old Republic Insurance
If you are in the trucking business, it is in your best interest to investigate Great West Casualty Co., which is a subsidiary of Old Republic and has a very low complaint level. Great West is an industry leader in providing services as well as insurance to truck drivers.
Travelers
Customers ranging from small enterprises to municipal emergency services are covered by Travelers' commercial auto insurance. These customers include trucking companies and commercial fleets. It is important to take into account Travelers because of its long history of few customer complaints and its extensive range of additional company coverages.
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