How Much Does Commercial Auto Insurance Cost?

How Much Does Commercial Auto Insurance Cost In Georgia?

This is a tough question with a ton of different factors. In general though, it would be pretty common for a small business with small operations to pay about $1,000 per year for liability insurance on a commercial auto policy and closer to $2,000 per year for a vehicle that needed physical damage coverage like comprehensive and collision coverage. 

As discussed, there are so many different factors that play a role in what type of coverage your business needs and how much you will pay for the coverage. Below are some of the main factors that will impact your rates for commercial auto insurance:

Driver Record and Claims History

Similar to personal auto insurance, your company's claim history and the driving record for your employees will play a major role in what you end up paying for your commercial auto insurance. Company's with frequent and/or sever claims in the last few years will pay more than a similar company was 0 claims. Company's that employee drivers with moving violations will pay more than those that don't. 

Vehicle Type

Vehicle type will play a major role in what your business pays for commercial auto insurance. It costs far less to insure a small sedan versus a semi-truck or tractor. Gross vehicle weight and the insurance company's claim history with certain vehicles are the driving forces behind the discrepancies. 

Company Operations and Industry Specifics

How your company operates will be a major factor in how much you pay for commercial auto insurance in Georgia. For instance, a company that has a commercial vehicle to run occasional errands presents a smaller risk than one that has drivers going to 14 different job sites in a day. A company that makes several deliveries in one day presents a different risk than a company that makes infrequent deliveries or none at all. In addition, companies that use their vehicles to travel to, or haul, all across the country present more of a risk than a company that operates exclusively in a 25 mile radius. 

These are just a handful of the many things that go into rating your commercial auto policy in Georgia. It is important that you discuss everything with your agent, so that you can make sure your business is properly protected in the event of an accident. They are called accidents for a reason- no one plans on having them. The last thing you would want is for your business to go under due to a claim that isn't covered. 

If you haven't discussed these things with your agent, then give us a call right way! We would love the opportunity to provide value to your company and ensure that your business is properly protected. 

Call us at 678-250-8133 TODAY to see how we can help with your commercial auto policy!

The Roberts Insurance Group is a Georgia Insurance Broker specializing in commercial and personal insurance for our clients throughout the state of Georgia. We help our clients lower their cost of insurance with our superior claim and risk management expertise and our extensive carrier access. We are in the business of building relationships with our clients to help them grow and succeed. Contact us today to see what we can do for your family or business.

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