The Top Insurance Company for Your Company Cars

Three of the best-rated business car insurance companies in the US are (1) State Farm, (2) Nationwide, and (3) Progressive. Compare multiple quotes to ensure you find adequate coverage.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 29, 2021

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

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above 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.

Here's what you need to know...

  • Commercial vehicle drivers in the United States are required by law to carry a minimum amount of auto insurance
  • Review the terms on your state’s Department of Motor Vehicles website to see what your state’s insurance requirements are
  • Insurance company ratings vary depending on whom you ask, so it is difficult to pinpoint the best-rated business car insurance company

If you were to search the Internet, you would find plenty of resources that can guide you to some of the top insurance companies offering commercial vehicle insurance.

You can easily locate your state’s website through the map provided by the National Association of Insurance Commissioners.

Type your ZIP code into our FREE toolbox and we will send you quotes from car insurers in your area!

Traits of a Good Insurance Company

Business owners are constantly trying to save money to safeguard their profits.

While it is prudent to get the best deal possible, it is equally important to make sure that your commercial vehicle insurance company is a good partner in times of need.

A good insurance company should not only provide their customers with excellent value in terms of price, it should be a forerunner in customer service.

In industry surveys, customers repeatedly rate their exchanges with service representatives as being extremely important.

Good customer service at local offices and call centers make a huge difference, especially in the scary and stressful time after the accident.

As an increasing number of drivers are going online for information and auto insurance quotes for their businesses and families, the ease of shopping online is important.

Easy to navigate websites with quick responses via live representatives and emails mark a good insurance company that is technologically savvy.

The timeline for clearing claims and making payments to customers also figures highly on consumers’ radars.

Based on these units of comparison, there are plenty of established insurance companies that can provide you with competitive insurance quotes and stellar protection.

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Option 1: State Farm

State Farm is one of the top insurance companies in the United States. A recognized and well-established company, it offers a range of insurance products including:

  • vehicle
  • home
  • worker’s compensation
  • life

State Farm’s commercial vehicle insurance branch can create a tailor made insurance policy that will protect you, your business assets, and your employees in case of an unfortunate accident.

You can insure any kind of vehicle that is a part of your commercial venture and can include private passenger cars, trucks, delivery vans, etc.

The easy to use website has a range of tools for analyzing business needs, make calculations, and tips for preventing insurance related disasters.

If you bundle your other insurance needs with State Farm, you are likely to get substantial discounts.

Option 2: Nationwide Insurance

With its catchy jingle and tagline, “Nationwide is on your side,” Nationwide Insurance is one of the top rated companies in the country.

According to Nationwide, they have an A+ rating from A.M. Best, one of the foremost financial resources available today.

Nationwide offers free customized commercial insurance quotes that are designed to meet their customers’ needs.

They can offer the following types of auto coverage:

  • liability
  • medical payments
  • comprehensive and collision coverage
  • underinsured and uninsured driver coverage
  • much more

According to Nationwide, in the case of an accident, a professional team of business auto insurance agents who will gather all the facts of the accident proficiently, assess the damages sustained and settle the claim in a quick and fair manner.

Additionally, if you use one of their pre-approved repair centers, they guarantee all repairs for the duration of your ownership or lease term.

Nationwide provides its valued customers 24/7 claims services, superior customer service, free loss control and risk management tips.

Option 3: Progressive Insurance Company

Progressive is a leading business car insurance company in the market today. Given a coveted A+ rating by A.M. Best, a renowned financial analysis company, Progressive Insurance has one of the largest customer bases in the country.

Based on your information, Progressive will provide you with a free insurance quote that includes competitive prices, extensive coverage options, and attractive discounts.

Progressive offers a variety of insurance options that include business auto insurance, tow truck insurance, dump truck insurance, van and truck insurance, as well as others.

Some of their customizable features include Seasonal Truck Insurance, On-Hook Towing and Garage Keepers Legal Liability Insurance, and Physical Damage and Motor Carrier Insurance, among others.

Much like other established insurance companies, Progressive offers 24/7 customer service, certificate services, and flexible payment options.

Free Car Insurance Comparison

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

 Secured with SHA-256 Encryption

Free Car Insurance Comparison

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

 Secured with SHA-256 Encryption

Determining if You Need Business Car Insurance

Before embarking on a search for the best-rated business car insurance company, it is important to find out whether you need to get commercial vehicle coverage or not.

If you fall under any of the following categories, then you require commercial auto insurance:

  • If you use your own vehicle solely for business purposes such as picking up supplies, meeting clients, making deliveries or sales calls
  • If you have commercial tags on your vehicle
  • If you allow your employees to use your vehicle or their vehicle for business purposes
  • If you use your vehicles three times or more in a month for business reasons

However, if you don’t fall squarely in any of these categories, you must talk to a commercial vehicle insurance specialist to determine your insurance needs.

You could be unknowingly breaking insurance laws, which could land you in a lot of trouble including heavy fines, suspended licenses, and in some cases, even jail time.

Buying Business Car Insurance

The spread of the Internet has allowed multiple insurance companies to grow.

While increased competition does lead to decreased insurance rates and wider choices, not all companies are made equal. So before signing up for a cheap insurance policy, make sure you calculate the long-term costs.

Business vehicles are an expensive investment and a cheap insurance policy could mean enormous costs of repair or replacement.

Another major issue that emerges with cheap commercial vehicle insurance policy is the danger of major business losses that could lead to bankruptcy.

If your business is sued, the cost to you and your company will include court cost, attorney fees, and settlement costs, if the judgment is made against you.

Now that you have the reasons for getting top quality insurance coverage, take the time to do some in-depth research to find the best possible insurance company to protect your assets.

Type your ZIP code into our FREE toolbox for a comprehensive list of insurance quotes!

References:

  1. https://www.naic.org/state_web_map.htm
  2. https://www.statefarm.com/
  3. https://www.nationwide.com/
  4. https://www.progressive.com/
  5. https://www3.ambest.com/ambv/bestnews/newscontent.aspx?altsrc=108&refnum=133267

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