Commercial Auto Insurance PA

Commercial Auto Insurance PA: All You Need to Know

A growing fleet of vehicles and the soaring prices have added to the commercial insurance PA industry’s growth these past years. According to IBISWorld, there is a 5.9% annual growth from 2014 – 2019, contributing to the industry’s total revenue to $46 billion.

In the meantime, according to the NAIC report, the commercial auto insurance PA industry had noted a 40.5% billion in written premiums in 2018, and the top 10 best insurance companies composed 42.6% of the total US market.

There is multiple commercial auto insurance that works with independent agents, brokers, and benefits consultants across the United States, including Pennsylvania. A great insurance agency comes with a 24/7 service by phone or online. It has adjustable coverages, flexible billing and payment options, adjust to commercial claims, and unlimited travel radius. Commercial auto insurance policy offers general liability, physical damage, and underinsured and uninsured driver coverage for small and large commercially possessed vehicles.

What is commercial insurance?

Commercial insurance is a term used in the insurance industry. It protects businesses and covers them against losses resulting from damage to property, bodily injury, medical payments for employees, and it is a term commonly used to label leading business insurance. At the same time, it covers general liability and employer’s liability.

Types of PA Commercial Auto Policies

Commercial auto policy has different forms, and it depends on your business, which one your business needs. A typical businessman probably needs more commercial insurance policy than a professional writer. It is because risks vary from business to business, and for big companies, the risk is also more significant.

For large businesses, it is ideal to have public liability and professional indemnity. On the other hand, an employer’s liability is a vital cover for any company with one or more employees. However, you should be aware of the legal requirement since you might be breaking the law if you don’t put it in place.

Some other commercial insurance covers created to protect businesses are similar to public liability, employers’ liability, and professional indemnity. They are specialist commercial auto insurance covers.

  • Product liability coverage
  • Business buildings coverage
  • Business contents coverage
  • Business interruption coverage
  • IT equipment and laptop cover
  • Stock insurance
  • Tools and machinery insurance
  • Plant and machine insurance

How Much Does Commercial Auto Insurance Cost in PA?

Commercial auto insurance protects the vehicles used by the business, and the cost will depend on the number of cars and how they are used.

The costs of commercial auto insurance vary depending on insurance providers. The median price for a $1 million policy limit is $142 per month or $1,704 per year. This cost offers a more accurate approximation of how much the businesses might be paying than commercial auto insurance as it does not include the high and low premiums. A lot of small businesses spend less than $1,500 per year for commercial auto insurance.

Business risks influence commercial auto insurance costs

The cost of commercial auto insurance can be affected by the number of vehicles that your business owns, the value of each vehicle, and how often these vehicles are used. Your business risks will also influence how much you will have to pay for a policy.

How coverage limits influence commercial vehicle insurance costs

If you want your Coverage for a broader range of damage, you can pay more for your policy. The initial Coverage costs are lower than the high coverage limits. For small businesses, the central limit is $1million for commercial auto insurance policy. Commercial vehicle insurance policies may vary depending on the Coverage that your business buys.

What are quotes for vehicle insurance?

A vehicle insurance quote is an estimated cost of the policy that you are going to pay. It can be calculated depending on the information you provide, such as your age, the car you use, or your driving history, and your address.

Insurance companies have their own way of calculating an commercial auto policy quote. Given the information you provided, the insurer will be able to provide you with quotes. The more quotes you have, the better chances you can find the cheapest commercial vehicle insurance company for you. Several factors can influence your auto insurance quote, and they may vary from company to another. It also depends on the risk you have, like a company may raise your living rates in a high-risk crime area. Even the same insurance companies look into the amount of crime in your neighborhood. However, they may still provide you different quotes because they have a different way of calculation or estimation.

Best Pennsylvania Commercial Vehicle Insurance for 2020

One of the great ways of finding the cheapest commercial vehicle insurance quotes online is looking around comparing Coverage and other companies’ Coverage and rates. In almost all states, drivers are recommended to have auto insurance commercial. However, if you have a lot of questions about insurance, you have to look around quickly.

If you are searching for cheap commercial vehicle insurance in Pennsylvania, looking around is the key. Although it has the same Coverage, they could have different depending on the insurer. So it wise to look around and compare quotes. To do this as smoothly as possible, you can check the internet for some research on average prices from PA’s largest insurance companies. Find the cheapest insurance options for different types of drivers.

Cheapest Coverage for good drivers in Pennsylvania

Drivers who are not involved in recent accidents or violations are able to get more affordable commercial vehicle insurance rates for having good credit. Insurance companies are ranked based on their average coverage rates for 40-year-old men and women with precise driving data and good credit. 

Pennsylvania drivers can also buy minimum coverage of commercial vehicle insurance at a lower price. The lowest average rates for drivers with good credit range from $232 per year to $549 per year. These estimates were based on average rates for 40-year-old good drivers who have minimum insurance, which is mandatory in their state. Although this Coverage is not recommended as it does not cover bills resulting from an auto accident, it is still better than nothing, especially if you don’t have enough money to buy for wider Coverage. 

Cheapest Auto co insurance for good drivers with poor credit

For people with clean driving history, but with poor credit, the cheapest companies offer average rates that range from $1,301 to $2,614 per year. If you have a blemished credit history, it is important to look around to find the cheapest auto insurance rates. Poor credit history can affect auto insurance premiums more than having a DUI violation or a recent at-fault crash, but prices may vary from insurer to another.

Cheapest for drivers with one at-fault crash

Pennsylvania drivers who got involved in a recent at-fault crash get offers from cheap companies with the lowest average rates for full coverage that range from $789 to $1,863 per year. Getting into a minor collision, some auto insurers charge more than the others. The rates will remain high for 3-5 years, so you should shop around for new insurance rates after three years or five years of your at-fault crash.


The best commercial auto insurance companies offer their customers not just Coverage at a reasonable price, but a customer-first experience from the quote to claim. Pricing and discounts depend on the insurer’s score, and it is the main factor for those looking for auto insurance. Since cost is based on personal factors like age, location, vehicle, and credit history, it is vital to shop around for auto insurance quotes. However, the price is often an essential part of the search; it is better to compare car insurance quotes to help you with a better choice of the cheapest rate. Your shopping experience will give light to your customer service standards.

Many businesses use vehicles in their business, to transport goods for a fee and a specific liability and risk. As a business owner, you are at high risk for higher liability and property damage claims when transporting people or goods due to the network of work. So acquiring this Coverage will protect you and your business from possible exposure to uncovered liabilities that result from a severe accident. At the same time, commercial auto insurance offers higher policy limits than personal auto insurance. Hence, it can provide your business safe from possible lawsuits and other liabilities.