How Much Does Commercial Auto Insurance Cost in Beaumont, TX?

Many businesses rely on motor vehicles to conduct various tasks. While trucks, vans, cars and other automobiles can be essential to hauling goods or transporting people, their use also requires companies to account for significant risks and exposures. Fortunately, organizations can maintain financial security with suitable commercial auto insurance.

What Is Commercial Auto Insurance?

As its name suggests, this type of insurance can offer essential coverage for businesses regarding the use of their motor vehicles, which is typically required by law. Although commercial policies may include components similar to personal auto insurance, there are also several differences for which a company must account to ensure adequate coverage.

What Is Covered?

Commercial auto insurance policies may be customizable. Many businesses, regardless of size or sector, may benefit from the following features:

• Bodily injury liability coverage

• Property damage liability coverage

• Collision coverage

• Comprehensive coverage

• Medical payments coverage

• Personal injury protection

• Uninsured/underinsured motorist coverage

How Are Commercial Auto Premiums Determined?

Insurance carriers may need to thoroughly analyze a business when determining their commercial auto insurance rates. This process may often include considering of the following criteria:

• Location—Businesses in areas with higher crime and traffic rates or greater risk of natural disasters may need to pay more for coverage.

• Industry—The industry in which a business operates will likely affect its rates, as this can indicate what types of tasks vehicles may be used for.

• Fleet size—As a general rule, the more vehicles a business wants to insure, the more they’ll need to pay for coverage.

• Vehicle details—The types, makes, models and values of insured vehicles can greatly influence rates, as more expensive and larger vehicles typically incur more significant costs.

• Driving records—Carriers will likely consider the driving history of employees businesses plan to list on their policies. Drivers with a history of traffic violations or accidents may lead to higher rates.

• Claims history—Companies that have made several claims against their insurance in recent years may be seen as more risky and, therefore, could be quoted higher prices.

• Coverage details—A business’s choices regarding endorsements, policy limits and deductibles will also significantly influence its premiums.

Get the Right Coverage

Contact JS Edwards & Sherlock today to explore coverage options and get the right auto insurance at an ideal rate.