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Commercial Vehicle Insurance

What is Commercial Vehicle Insurance?

Commercial vehicle insurance is a set of policies to protect your business, assets, drivers, and vehicles in case of accidents. Even the safest drivers are involved in accidents. This is what a typical commercial vehicle policy may look like in AZ:

  • Property and injury liability: This type of insurance is designed to repair damage caused by your vehicles. This may be a simple fender bender, or a major accident. It can also help pay for the damaged party's medical bills. Liability insurance is required by law in Arizona. This insurance does not repair your vehicles.

  • Collision insurance: This insurance can help repair any damage to vehicles that your business owns, regardless of fault.

  • Comprehensive insurance: Comprehensive insurance is also known as "everything other than collision". Whether it's a run-in with wildlife, fire, or a dopped piano, comprehensive insurance can help repair your vehicles.

  • Underinsured/uninsured motorists: Unfortunately, not everyone follows the law. If you're involved in an accident with someone who is underinsured/uninsured, you may have a difficult time getting the funds to repair your vehicles or pay medical bills from the responsible party. This coverage may help cover those expenses.

How Much Is a Commercial Vehicle Insurance Quote?

Every business is different in the risks it faces. The insurance coverage a manufacturing business needs will differ from those of a small downtown cafe. Here are just a few averages:

  • Commercial car insurance cost: $1,200 to $2,400 per year

  • Commercial truck insurance cost: $800 to $2,000 per year

  • Commercial taxi insurance cost: $5,000 to $10,000 per year

  • Commercial bus insurance cost: $35,000 per year

  • Commercial tractor trailer insurance cost: $2,500+ per year

However, your rate will vary depending on the following factors:

  • Number of vehicles

  • Type of vehicles

  • How far vehicles travel

  • How vehicles are used

  • Driving record of every driver

  • If vehicles will be using trailers

  • What type of cargo will be in trailers

  • Desired coverage types

  • Desired deductibles

You should familiarize yourself with these aspects of your business before getting commercial vehicle quotes in order to get the best quote for your business.

What Type of Vehicles are Covered With Commercial Vehicle Insurance?

The insurance industry understands that businesses use all types of vehicles in order to conduct business. Below is a list of some of the most common types of vehicles covered by commercial vehicle insurance in AZ:

  • Pickup trucks

  • Commercial trucks

  • Semi-trucks

  • Cars

  • Delivery vans

  • Passenger vans

  • Tractors

  • Buses

  • SUVs

  • Hearses

When searching for commercial vehicle insurance, be sure to be familiar with the types of vehicles you're looking to secure coverage for.

When Does a Commercial Vehicle Insurance Policy Need to be Updated?

When it comes to keeping your insurance coverage effective, it's important that you keep your insurance company informed of any changes to your policy. If you have a current commercial vehicle insurance policy, or are beginning to search for one, it's important that you make your insurance company aware any time the following circumstances occur:

  • When an insured employee leaves or is terminated

  • When you hire a new employee who will be driving an insured vehicle

  • When an employee is involved in an accident

  • When an employee gets a ticket

  • When your business purchases a new vehicle

  • When your business sells a vehicle

Each of these circumstances can affect your policy, so be sure to keep your agent aware of any changes.

Are There Discounts Available on Commercial Vehicle Insurance?

Typically, there are discounts available on the majority of insurance policies. The discounts you may be eligible for can include the following:

  • Multi-policy discount

  • LoJack discount

  • Paid-in-full discount

  • Safety program discount

  • Claims-free discount

  • Industry affiliation discount

Each insurance company has different discounts available, and we can help you get as many as possible.

Call our office at (602) 419-3323 or visit us on 75th Ave. and Lower Buckeye in Phoenix.

(Content provided from

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