The top commercial auto insurance providers for safeguarding your business vehicles.
If you're a business owner who uses a car, truck, van, or other vehicle for business purposes, you'll need commercial auto insurance. While commercial vehicle insurance offers similar coverages as personal car insurance, such as liability, collision, comprehensive, and uninsured motorist coverage, personal car insurance policies do not cover business activities, making them incompatible.
CNBC Select evaluates the top commercial auto insurance companies that provide coverage for various vehicles and have a track record of customer satisfaction. Our methodology outlines the criteria used to create this list.
Best for discounts
What is Progressive? According to the National Association of Insurance Commissioners (NAIC), Progressive is one of the largest commercial auto insurers in the country based on written premiums. They provide coverage for contractors, food truck vendors, and other businesses, making it easy to get and manage commercial auto insurance. Additionally, Progressive offers business owners policies (BOP), professional liability, and other essential coverages to bundle and save.
Nine discounts are available with Progressive, including up to 15% off for paying the full premium upfront, for businesses with over three years of experience, and for those with a CDL for two years or more. Additionally, those with separate personal vehicles can save on their policies with a commercial auto policy.
Best for a wide range of vehicles
Geico is a top choice for personal auto insurance with over 70 years of experience in the insurance space. They offer coverage for a range of vehicles, including cars and semi-trucks.
Geico simplifies commercial auto insurance management through an online platform, including obtaining a quote.
Best for quick coverage
This insurance company specializes in business insurance and offers BOP and professional liability coverage, making it an excellent fit for those looking for both types of policies.
You can obtain coverage quickly and easily with NEXT, as you can purchase your policy entirely online in just a few minutes.
Best for customization
Sentry's business insurance coverage is designed to meet the needs of various industries, including dealerships, trucking, construction, and manufacturing.
Your business drivers will receive expert guidance from a safety consultant through the policies.
More on our top commercial auto insurance companies
Progressive
Its commercial auto insurance policies are also competitive and comprehensive, making it a go-to choice for many.
Claims available online?
Yes
A.M. Best rating
A+
Geico
Geico's commercial auto insurance policies are designed to be easy and hassle-free for both business owners and individual drivers, with years of expertise in the industry.
Claims available online?
Yes
A.M. Best rating
A+
NEXT
Business owners can easily obtain insurance coverage from NEXT through simple online quotes and quick policy options.
Claims available online?
Yes
A.M. Best rating
A-
Sentry
Since 1904, Sentry has been assisting customers and specializes in collaborating with the construction, dealership, retail, and trucking industries, among others.
Claims available online?
Yes
A.M. Best rating
A+
Why trust CNBC Select?
Our mission at CNBC Select is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions with their money. Our car insurance reviews are based on thorough reporting by our team of expert writers and editors, who possess extensive knowledge of insurance products. In order to identify the best insurance companies, we conducted extensive research, collecting over 100 data points on more than a dozen companies. At CNBC Select, we take pride in our journalistic standards and ethics, and we ensure that all our content is created without any input from our commercial team or external third parties. For more information on our methodology, please refer to our website.
Our methodology
Various factors were compared by CNBC Select when analyzing dozens of commercial auto insurance companies to determine the best options.
We considered various factors while evaluating the best insurance companies, including nationwide availability, variety of vehicles covered, restrictions, A.M. Best ratings, NAIC complaint index scores, discounts, ease of quotes, and average annual premiums.
The premiums and policy structures offered by commercial auto insurance companies may vary based on their specific policies.
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