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Is commercial insurance more expensive than personal. When shopping for a commercial car insurance policy you might be surprised to learn that it can be more expensive than a personal car insurance policy. The average cost of commercial auto insurance is 1794 per year for one vehicle. You Could Save Time And Money When You Compare And Buy Trade Insurance.
Our Local Agents Are Specialists and Able To Provide A Personal Service For You. The average cost of a personal auto insurance policy is closer to 1555 per year. Commercial auto insurance policies typically offer higher limits than personal auto insurance policies.
This is the case because the liability risks are different when a car is out on the road for business purposes. There are many reasons for this including the inclusion of multiple vehicles that are sometimes for specialty uses the need for multiple and changing drivers in these vehicles and the need to fully cover liability risks. Buy Online In Minutes.
Most personal auto policies do not have that high of limits. Ad Protect Yourself Your Business With Tailored Insurance. How to determine if you need commercial auto insurance Personal auto insurance policies can provide enough auto insurance coverage for some businesses especially if youre also driving your vehicle for personal use.
Ad Get A Quick And Easy Quote For Business Insurance Today With Compare The Market. As such the liability limits need to go up which puts you at an increased level of coverage. Unfortunately commercial auto insurance is more expensive than personal auto insurance.
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