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Commercial auto insurance cheaper than personal auto insurance?
Wiki User
∙ 13y ago
Generally speaking the answer is NO. Commercial auto insurance is more expensive that personal auto insurance because of the (1) frequency of using the auto- more often in commercial, (2) Commercial auto can cause more damage in accidents, and (3) bigger lawsuits are more evident in accidents involving commercial autos.
There are very few exceptions. For example, a personal auto carried by a 16 year driver living in an urban area with few violations and a certain amount of liability limits can be more expensive than a commercial auto policy for a 35 years old suburban driver, with clean record, for comparable liability limits.
Wiki User
∙ 13y ago
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What is the difference between Business auto insurance vs personal auto insurance?
Business auto insurance coverages commercial vehicles or vehicles used for work. Personal auto insurance coverages a personal automobile that is not used for work related activities.
Diffenance in commercial and non commercial insurance?
Commercial Insurance is for a business. (general liability, worker's comp, etc.) The term "non-commercial" insurance isn't generally used. There is commercial insurance and personal insurance (i.e. homeowners, personal auto)
What are the insurance policies that Farmer's Insurance company offers?
Homeowners, Rental Property, Commercial Property, Commercial Auto, Personal Auto, Life, Umbrella.
Commercial Auto Insurance Is a Must for Businesses?
When you insure a vehicle that you use for business purposes, make sure that you insure it under an authentic commercial auto insurance policy. A personal auto insurance policy will not cover many business uses of an automobile, and if you make a commercial auto insurance related claim that is not covered on your personal policy it will be denied. Therefore, when you buy or lease a car for business use, contact a commercial auto insurance broker if your general business insurance broker or provider cannot assist you with your commercial auto insurance needs.
What type of Auto insurance to you need for delivering groceries?
You will need to buy a commercial auto insurance policy for delivery services. Vehicles used for delivery or conveyance are not covered under your Personal Auto Insurance. Any accidents that occur while engaged in commercial activities are not covered under your personal auto policy.
Does operating unsafe commercial vehicle go against your personal insurance?
Your personal auto would not cover a commercial vehicle. They have to have a separate policy.
What is the difference between a commercial and a personal auto policy?
The difference between a commercial and a personal auto policy is that personal auto policies are designed to cover one person or a family while commercial auto insurance is designed to cover an entire business. The policies, terms and conditions of these policies are very different. You can learn more about the differences of the policies online at the Car Insurance Comparison website.
How much more expensive is commercial auto insurance than personal auto insurance?
It varies widely but generally it is less expensive to go with personal. Not many insurance company's will let you register your personal car under commercial auto unless it iv being used in a business. Progressive is the only one i can think of off the top of my head that would allow it.
Do all business owners need commercial auto insurance?
The only time you would not need it is if your personal auto insurance policy already covers you for your business use. If they would not cover then you need to purchase commercial insurance for that vehicle.
Which services provides the Mutual Auto Insurance?
No company called Mutual Auto Insurance could be found. However, Liberty Mutual provides auto insurance. They can provide policies for both personal and commercial vehicles.
What does commercial auto cover?
Commercial Auto Coverage is insurance that covers vehicles owned and operated for business use. A fleet of company cars, service trucks, etc. Personal Auto Coverage is insurance that covers vehicles for individuals and families.
Is there a big cost difference between regular and Commercial Vehicle Insurance?
No, there is not much of a difference betwen the costs. Commercial auto insurance may sometimes cost more than personal auto insurance based on the size of the vehicle, but that's it.
