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10 Best Commercial Auto Insurance Companies in 2024

State Farm, Allstate, and Progressive are the best commercial auto insurance companies on the market. At State Farm, minimum rates for commercial insurance average $76/mo. The best insurance companies for commercial vehicles provide discounts and complete coverage packages for business owners.

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Written by:

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

Licensed Insurance Agent

Reviewed by:

Ty Stewart

Licensed Insurance Agent

Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications.  As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...

Licensed Insurance Agent

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Top for Commercial Insurance: State Farm17,754 reviews 4.09 Company FactsFull Coverage for X Best Commercial$176/moA.M. Best RatingBComplaint LevelLowPros & Cons One of the largest insurance companies in the US High levels of customer satisfaction Affordable rates for people with a speeding ticket or an accident on their record Wide variety of discounts available Rideshare insurance High rates for drivers with poor credit scores No gap coverage Options like new vehicle replacement, vanishing deductibles, and accident forgiveness are not available » State Farm Auto Insurance Review17,754 reviews Compare Rates →Best Commercial Rates: Allstate11,412 reviews 4.00 Company FactsFull Coverage for X Best Commercial$185/moA.M. Best RatingA+Complaint LevelLowPros & Cons Multiple coverage options Various discounts Additional savings programs Lower than average customer service ratings Higher than average auto insurance rates » Allstate Auto Insurance Review11,412 reviews Compare Rates →Best Commercial Discounts: Progressive13,126 reviews 4.06 Company FactsFull Coverage for X Best Commercial$152/moA.M. Best RatingA+Complaint LevelLowPros & Cons Affordable rates for high-risk drivers It’s easy to get a Progressive auto insurance quote online Snapshot can help low-mileage, safe drivers save money Expensive rates for teen drivers Customer service ratings aren’t as good as competitors » Progressive Auto Insurance Review13,126 reviews Compare Rates →

Company Facts

Pros & Cons

Company Facts

Pros & Cons

Company Facts

Pros & Cons

State Farm, Allstate, and Progressive are the best commercial auto insurance companies. 

Commercial auto insurance providers know that your business cannot move forward without properly insured vehicles for the delivery of products or transporting your employees and guests to those necessary destinations. Our top 10 commercial auto insurance companies are below. 

Our Top 10 Company Picks: Best Commercial Auto Insurance Companies CompanyRankMulti-Vehicle DiscountA.M. BestBest ForJump to Pros/Cons #112%BMany DiscountsState Farm #215%A+Add-on CoveragesAllstate #312%A+Online ConvenienceProgressive #415%A++Cheap RatesGeico #520%A++Accident ForgivenessTravelers #615%AStudent SavingsAmerican Family #712%ALocal AgentsFarmers #810%A+Usage DiscountNationwide #919%A++Military SavingsUSAA #1015%ACustomizable PolicesLiberty Mutual

Read on to learn more about what companies offer commercial auto insurance, types of commercial auto insurance to consider, such as the best commercial general liability insurance, and more.

You can also enter your zip code into our free auto insurance comparison tool to find cheap commercial auto insurance now.

Things to Remember

Table of Contents

#1 – State Farm: Top Pick Overall

Pros

Cons 

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#2 – Allstate: Best for Add-On Coverages 

Pros

Cons 

#3 – Progressive: Best for Online Convenience

Pros

Cons 

#4 – Geico: Best for Cheap Rates

Pros

Cons 

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#5 – Travelers: Best for Accident Forgiveness

Pros

Cons 

#6 – American Family: Best for Student Savings

Pros

Cons 

#7 – Farmers: Best for Local Agents

Pros

Cons 

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#8 – Nationwide: Best for Usage Discount

Pros

Cons 

#9 – USAA: Best for Military Savings

Pros

Cons 

#10 – Liberty Mutual: Best for Customizable Policies

Pros

Cons 

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Top Commercial Auto Insurance Provider

State Farm is our top choice, as it offers a variety of options that are budget-friendly. As one of the largest auto insurance companies in the U.S., State Farm offers coverage to suit the needs of your business, whether it’s for private passenger care, delivery vans, or certain vehicles that are used to run your other businesses.

What do I need to know about State Farm auto insurance? The characteristics of State Farm auto insurance make them able to offer discounted rates when you bundle your other insurance needs with them.

When contacting State Farm, you must be prepared to give relative information about your business and the purposes of the vehicles you wish to insure. A policy may be obtained at State Farm that specifically covers cars used for business. Dani Best Licensed Insurance Producer

Dani Best Licensed Insurance Producer

It is called “Employer Non-Owned Car Liability Coverage.” This type of policy protects your business revenue in case of legal judgments incurred by an employee and prevents any financial loss for which you could be liable.

Other Commercial Insurers

Some other companies you might see come up for commercial insurance include Progressive, Geico, and GMAC. While GMAC is not on our list of the best auto insurance companies for commercial insurance, it does offer commercial insurance in some locations to businesses.                

Progressive Commercial Insurance 

Progressive promotes ease in managing your business with commercial auto insurance discounts and payment options. Based on the information you provide about your business, they will generate a free quote that suits the characteristics of your business.

As a sole proprietor, Progressive understands your need to protect those vehicles that are used to run your business.

It is important to be properly insured when that vehicle is driven by various workers in your business.

The Progressive Employer’s Non-Ownership insurance will protect your business when situations occur with vehicles of which you do not have ownership. Progressive also provides coverage for contractors, landscapers, and any other skilled tradesperson.

The coverage includes:

When seeking a quote online, Progressive offers a user-friendly process for obtaining the best possible quotes.

You can also use a quote comparison tool if you want to get quotes from multiple companies, not just Progressive. 

Geico Commercial Insurance 

In order to keep your business flowing in a positive direction, careful choices in commercial auto insurance are of the greatest importance. Geico offers protection for the vehicles that operate under the name of your business.

How do you know which auto insurance company best fits your needs?🚗 Choosing the right company doesn’t have to be scary.😱 Comparing multiple quotes in one spot: 👉 https://t.co/27f1xf131D. Need more info on how to make your decision? 👉https://t.co/KuwqsN8fdm pic.twitter.com/ftlfq9cilY

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In the occurrence of an accident or situation that results in damages to your business property, Geico can provide outstanding service at the best possible price.

Geico has a claims department that can reduce your downtime when a vehicle is not operational.

GMAC Commercial Insurance 

At GMAC the commercial auto insurance rates are very competitive as compared to other companies that offer this type of insurance. Medical payments, comprehensive, liability, and collision are offered as coverage options.

You can rest assured that you won’t have to be concerned with expensive repair costs.

You are encouraged to read all clauses associated with an insurance contract before signing.

GMAC provides a convenient quote comparison tool to assist you in measuring the pros and cons prior to making an insurance purchase from any one company. Their dedicated commercial car insurance specialists are always available, which saves you time and money.

Learn more: GMAC Auto Insurance Review 

As a business owner, you are not always present to see that repairs are done properly on your business vehicles. SmartInspect is a free service offered at GMAC where an independent inspection is performed on your vehicles to assure that repairs were done accurately.

GMAC also offers a host of discounts that help tailor coverage that is suitable for your business. The options include the following:

GMAC provides commercial auto insurance with a “Claims Service Satisfaction Guarantee.” If the service is not up to par, your deductible will be waived up to $2,501.00.

Types of Coverage for Commercial Vehicles

In your pursuit of commercial auto insurance, you must get coverage that is customized to your business needs and cost-effective. Commercial insurance is generally sold as minimum or full coverage policies, which differ in cost. 

Auto Insurance for Best Commercial: Monthly Rates by Coverage Level & Provider Insurance CompanyMinimum CoverageFull Coverage Allstate$95$185 American Family$86$169 Farmers$79$173 Geico$88$187 Liberty Mutual$96$191 Nationwide$83$188 Progressive$84$152 State Farm$76$176 Travelers$93$195 USAA$91$192

What does commercial car insurance cover? It depends on how much coverage you purchase. Listed below are some areas you should have covered in your online auto insurance quote:

Choose a company that takes pride in protecting your business vehicles and settling claims for damages in the quickest way possible.

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How to Save on Commercial Auto Insurance 

 Most of the largest commercial auto insurance companies offer discounts to help businesses save. Some discounts to look for are: 

In addition to discounts, understanding commercial auto insurance policies and shopping around for quotes will help businesses find the best deal on commercial car insurance (read more: How to Lower Your Auto Insurance Rates). 

Finding the Best Insurance Companies for Commerical Vehicles 

State Farm, Allstate, and Progressive are some of the best commercial auto insurance companies available to meet the needs of your business. Don’t make the mistake of having poorly insured vehicles and get auto insurance to cover your vehicle properly. Your company doesn’t compromise on anything else, so why should they compromise on auto insurance coverage and prices?

Now that you’ve had commercial auto insurance explained, are you wondering how to find cheap commercial auto insurance near me? Enter your zip code into our free auto insurance comparison tool to find good commercial auto insurance rates now.

Frequently Asked Questions

What is commercial auto insurance coverage?

The commercial auto insurance definition is insurance coverage that is specifically for business-owned vehicles. It works similarly to normal auto insurance coverage.

What does commercial auto insurance cover?

Commercial auto insurance covers property damages and injuries, as well as legal fees. The benefits of commercial auto insurance more than makeup for the price, as it will protect your business from the financial aftermath of accidents.

How does commercial auto insurance work?

Commercial auto insurance works the same as regular auto insurance. After purchasing a policy, you pay a monthly fee, and the auto insurance company will protect you financially if you get into an accident with your business vehicle (learn more: What is auto insurance?).

Which are the top commercial auto insurance companies in the US?

Five of the top 10 commercial auto insurance companies in the US are State Farm, Allstate, Progressive, Geico, and Travelers. Shop for commercial auto insurance quotes today by entering your ZIP into our free comparison tool.

Who has the best commercial auto insurance?

State Farm has the best commercial auto insurance.

What does State Farm offer in terms of commercial auto insurance?

State Farm offers a variety of options that are budget-friendly. They provide coverage for private passenger cars, delivery vans, and other vehicles used for business purposes. They also offer “Employer Non-Owned Car Liability Coverage” to protect your business in case of legal judgments incurred by an employee (learn more: Cheap Non-Owner Auto Insurance).

What types of coverage does Nationwide provide for commercial vehicles?

Nationwide Insurance offers various types of coverage for commercial vehicles, including auto liability, payment of medical costs resulting from accidents, collision coverage, comprehensive coverage, coverage for underinsured and uninsured drivers, and coverage for employees who use their personal vehicles for business purposes.

Are there any exclusions in commercial auto insurance coverage?

Yes, commercial auto insurance policies may have certain exclusions. Common exclusions include intentional acts, damage caused by unapproved drivers, vehicles used for illegal activities, and vehicles with excessive modifications not disclosed to the insurer.

Is commercial auto insurance required by law?

Yes, in most states, commercial auto insurance is mandatory for businesses that use vehicles for their operations. The specific auto insurance laws may vary by state, so it’s important to check the regulations in your jurisdiction.

Can I customize my commercial auto insurance coverage?

Yes, commercial auto insurance policies can often be customized to meet your business’s specific needs. You can choose the types and levels of coverage you require, such as liability, comprehensive, collision, and additional endorsements.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Written by:

Jeff Root

Licensed Insurance Agent

Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...

Licensed Insurance Agent

Reviewed by:

Ty Stewart

Licensed Insurance Agent

Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications.  As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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Enter your ZIP code below to view companies that have cheap auto insurance rates.

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We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related.

We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related.

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