Commercial Auto Insurance
Commercial Auto Insurance Information
Commercial auto insurance can help your company comply with state auto insurance rules while protecting your organization from the negative financial effects of an auto accident.
Contact Insurance Discounters of Texas today to better understand your company’s options for commercial auto insurance and get a quote.
What Is Commercial Auto Insurance?
Commercial auto insurance may include several policies designed to pay certain damages and claims, depending on your chosen coverage.
In Texas, all company vehicles must have liability insurance coverage to pay for third-party property damage and injuries. With full coverage insurance, your policy may also help cover damage to company-owned vehicles.
If your company has auto loans or leases, your lienholder will likely require comprehensive and collision coverage to help protect the property securing your loan.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance helps pay for your company’s legal liability for third-party property damage or injuries after a car accident if you or your employee were at fault. It may cover medical costs and damage to company vehicles after a covered accident.
Depending on your company’s situation, your agent may recommend that you purchase the following policies:
- Liability insurance covers bodily injury and property damage, and drivers are required to carry minimum amounts of each type of liability coverage in Texas.
- Uninsured/Underinsured motorist insurance helps pay to repair or replace your vehicle if you are in an accident and the other driver is liable but doesn’t have proper insurance coverage.
- Personal injury protection (PIP) helps pay for certain losses, including medical bills if the driver of the insured vehicle or their passengers is injured in an accident.
- Collision insurance helps pay for damages to the covered vehicle after an accident that involves colliding with another vehicle or object.
- Comprehensive insurance helps pay for non-accident-related damages, including theft, hitting an animal, fire and vandalism.
- Hired and non-owned auto (HNOA) provides coverage for vehicles (rented or leased) the business uses for business reasons but does not own.
- Guaranteed asset protection (GAP) insurance covers the gap between your car’s value and the amount due on your loan if the company’s vehicle is a total loss after an accident.
Your agent may also recommend that you add these commercial auto coverages or endorsements:
- Replacement cost vehicle coverage
How Much Is Commercial Auto Insurance?
Your commercial auto insurance policy premiums depend on numerous factors about your company, its property, and your policy, including:
- Whether you choose actual cash value (ACV) or replacement cost (RC) coverage
- Number and type of vehicles in your fleet
How to Get Commercial Auto Insurance
Contact the agents at Insurance Discounters of Texas today to get help customizing your commercial auto insurance policy.