Commercial auto insurance covers the vehicles owned by a business. The cost depends on the number of vehicles, their value, and their business use, among other factors. What is the average cost of commercial auto insurance? For a policy limit of $1 million, the median cost of commercial auto insurance is $142 per month or $1,704 per year.What is the cheapest car insurance company?
The cheapest car insurance companies in Texas include Texas Farm Bureau, GEICO, Progressive, State Farm, and Mercury. Overall, Texas Farm Bureau had the best rates, but it does require a membership fee.Is commercial auto insurance cheaper?
The exact cost of business car insurance will depend on the class of vehicle being insured and the nature of your business use. If you have to cover many miles, the insurer will see you as having a greater risk of an accident and so charge you a higher premium, for example. The most popular business car to insure is also one of the cheapest.What is commercial auto insurance?
Commercial auto insurance is a type of insurance policy that helps cover vehicles used for business purposes such as cars, trucks and vans. Commercial auto insurance covers vehicle damage and driver injuries. If you use vehicle (s) as part of your business, get a free online commercial auto insurance quote from GEICO today.