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Why is commercial auto insurance more expensive. 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. As a general rule using your car for business in the ways suggested above means that you will almost certainly rack up a significantly higher mileage than you would for personal use. Why is business car insurance more expensive.

Smaller vehicles with smaller engines are statistically less likely to be involved in a car accident which means that insurance for these cars is often significantly cheaper than the equivalent level of cover for larger cars with more powerful engines. Confused commercial van and vehicle insurance. Owners of large commercial fleets are especially hit hard when rates rise.

But even safe drivers are noticing their coverage is becoming more expensive. Get A Quote Today. Ad Keep your business on the road.

In fact in many jurisdictions it is actually illegal. Why Commercial Car Insurance Can Be More Expensive Than A Personal Policy. CONTENTS PROTECTION Data from stolen vehicle recovery experts Tracker highlights that 89 of light commercial vehicles stolen and recovered in 2018 were taken without the owners keys.

The more miles that your fleet travels the higher your risk of being involved in an accident. As such the liability limits need to go up which puts you at an increased level of coverage. Relying on commercial auto insurance vs personal cost alone is not recommended.

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. Ad Insure With NFU Mutual For A Personal Service And No Admin Fees Approach. Personal cost would be driving without an adequate insurance policy and relying on your own finances to cover your damage.