Business Auto Insurance Quotes
Small Business Auto Insurance Quotes - FREE, Quick, Easy
Small business auto insurance policies cover vehicles used for business purposes. Personal auto insurance policies will not cover business use, which is why you need to purchase a business policy to get the coverage your company needs. Having the right insurance protection is vital to the longevity of your business.
The ability to quickly get business auto insurance quotes from top insurance carriers is important when you have a business to run. With NetQuote, you complete one simple online form and promptly get back a FREE, no-obligation quote from multiple leading providers. It is as if the insurance carriers are competing for your business as you sit comfortably at your desk, running your company.
Small Business Auto Insurance Coverages
If you operate vehicles during the normal course of business, you need the proper protection for both your business and your vehicles. A small business auto insurance policy offers coverages such as:
- Physical Damage - Collision and comprehensive coverage make up the physical damage portion of your policy. Collision coverage is used when your covered vehicle is damaged in an accident, while comprehensive coverage pays out for non-collision related damage such as vandalism, wind and theft.
- Liability - An at-fault accident that causes bodily injuries to third parties, or property damage, is covered by your liability coverage. This is the portion of the policy that is state-mandated as it provides protection for third parties.
- Medical Payments - When an occupant of a covered business vehicle is injured in a crash, medical payment coverage handles payments, up to policy limits. This coverage applies to people inside your company vehicle, as opposed to people in other vehicles.
There are other coverages that a typical small business auto insurance policy may include, such as uninsured/underinsured motorist coverage. Depending on how you use your business vehicles, there may be endorsements available that offer more protection. This is something to discuss with your insurance agent, as they are the best source of all available coverages.
Business Auto Insurance Quotes
By using NetQuote's FREE, no-obligation online service, you are able to get insurance quotes from leading insurance providers with minimal effort on your part. You just need to fill out one secure online form and you will receive back quotes from multiple insurance providers. This allows you to compare rates easily and pick the best coverage for your company.
Visit NetQuote to receive your FREE, no-obligation business auto insurance quotes with minimal effort!
Business Auto Insurance Coverages Explained
| First Party Protection* | Third Party Protection** | |
| Liability - Coverage for injuries to a third party caused by an insured vehicle and is broken into two parts - Bodily Injury and Property Damage. (See below for further explanation of each.) Liability limits are often expressed as a series of three numbers. For example, 100/300/50 indicates maximum liability limits of $100,000 for bodily injury to a single person, $300,000 for bodily injury for a single accident, and $50,000 property damage limits per incident. |  |  |
| Bodily Injury - Coverage for third party bodily injuries caused by an insured vehicle involved in an at-fault accident. Bodily injury coverage applies to people inside vehicles hit by the insured, as well as individuals outside of any vehicle, such as pedestrians. | | |
| Property Damage - Coverage to property owned by a third party that is damaged by an insured vehicle. Property damage coverage applies to third party vehicles, as well as other types of property (buildings, signs, guardrails, fences, etc.). | | |
| Medical Payments - Coverage for people that are injured while inside of an insured vehicle. Medical payments coverage applies to all people inside of a covered vehicle, including the named insured, their family members, and other individuals. Coverage may also extend to insured individuals when they are a pedestrian and are injured by a motor vehicle. Extended benefits may be available that help pay for lost wages, as well as other damages, as outlined in a specific policy. | | |
| Uninsured/Underinsured Motorist - Coverage that applies to an insured person/vehicle when damages are caused by a person without an auto policy, or they have a policy but it doesn't meet state-required liability limits - both of these cases meet the definition of an uninsured motorist. An underinsured motorist is a third party with an auto policy, but the policy liability limits are not enough to cover the damages that they caused. While uninsured/underinsured motorist coverage is optional in most states, it is highly recommended since many people only carry state-required minimum liability limits, which oftentimes is not sufficient coverage. You purchase uninsured/underinsured coverage on your policy, and it pays out when an uninsured/underinsured motorist causes damage to your covered vehicle. In most cases, uninsured/underinsured limits cannot exceed your liability limits. | | |
| Physical Damage - Coverage for an insured vehicle itself and is broken into Comprehensive and Collision (see below for further explanation of each coverage). A deductible is associated with physical damage coverage, and is the amount the insured pays for a claim before the insurance company starts paying. Deductibles range from $0 to $1000, or more, with higher deductibles generally resulting in lower policy premiums, as the insured is taking on more of the risk themselves. Rates for comprehensive and collision coverage is partially determined by the vehicle make and model, as well as claims history for the type of vehicle. | | |
| Comprehensive - Coverage for damage to an insured vehicle caused by incidents such as theft, vandalism, fire, wind, water, flood, earthquakes, explosions, and riots. Put simply, comprehensive pays out for covered incidents that don't fall within the collision category (see below). | | |
| Collision - Coverage for damages to an insured vehicle that are caused when an object is hit (a collision occurs). Collisions with other vehicles, as well as collisions with immobile objects such as signs, lights, trees, structures, etc., are covered by the collision coverage portion of a vehicle policy. | | |
* First Party - The persons and vehicles named on the policy, as well as any other occupants of the insured vehicle.
** Third Party - Someone other than the named insured whose property is damaged through the operation of the named insured's covered vehicle, or who is injured by the named insured's covered vehicle (but isn't inside the insured vehicle at the time of the accident).
Note: In an auto policy, the "second party" is the insurance company that issues the policy. This means that the first party (named insured) purchases coverage from a second party (insurance company) to cover damages to a third party, and also to the first party, as explained in the above table.
Explore other types of business insurance to see what other coverages are available.
