Commercial Auto Insurance Florida: The Definitive Guide

What is Commercial Auto Insurance?

Commercial auto insurance provides coverage for vehicles used for business purposes, including:

• Delivery vans
• Cargo trucks
• Construction equipment
• School buses
• Limousines

Why is Commercial Auto Insurance Different from Personal Auto Insurance?

Commercial auto insurance is different from personal auto insurance in several key ways:

• Higher coverage limits are typically required.
• More comprehensive coverage options are available, including coverage for goods in transit and hired and non-owned vehicles.
• Rates are based on business factors such as industry, number of vehicles, and annual mileage.

How Much Does Commercial Auto Insurance Cost in Florida?

The average cost of commercial auto insurance in Florida is $1,200 per year. However, rates can vary significantly based on several factors, including:

• Type of business
• Number of vehicles
• Coverage limits
• Driver safety record

How to Get the Best Rates on Commercial Auto Insurance in Florida

There are several ways to get the best rates on commercial auto insurance in Florida:

• Shop around with multiple insurance companies.
• Compare quotes online.
• Ask for discounts for multiple policies, good driving records, and safety features.
• Increase your deductibles.

What to Look for in a Commercial Auto Insurance Policy

When choosing a commercial auto insurance policy, look for the following:

• Sufficient coverage limits
• Comprehensive coverage options
• Affordable rates
• Excellent customer service

Top Commercial Auto Insurance Companies in Florida

• State Farm
• Progressive
• Geico
• Nationwide
• Allstate

Essential Coverage Options for Commercial Auto Insurance in Florida

Liability Coverage

Liability coverage pays for injuries and property damage caused by your business vehicles to others. Florida law requires all drivers to carry liability coverage in the following amounts:

• Bodily injury liability: $10,000 per person, $20,000 per accident
• Property damage liability: $10,000 per accident

Collision Coverage

Collision coverage pays for damage to your business vehicles after an accident, regardless of fault. This coverage is not required by law in Florida, but it can be a good idea to have in case of an accident.

Comprehensive Coverage

Comprehensive coverage pays for damage to your business vehicles caused by events other than collisions, such as theft, vandalism, and natural disasters. This coverage is not required by law in Florida, but it can be a good idea to have in case of unforeseen events.

Additional Coverage Options for Commercial Auto Insurance in Florida

Goods in Transit Coverage

Goods in transit coverage pays for damage or loss to goods or cargo being transported by your business vehicles. This coverage is important for businesses that transport valuable goods or equipment.

Hired and Non-Owned Vehicles Coverage

Hired and non-owned vehicles coverage pays for injuries and property damage caused by vehicles that you rent or borrow for business purposes. This coverage is important if you frequently rent or borrow vehicles for your business.

How to File a Commercial Auto Insurance Claim in Florida

If you are involved in an accident with a business vehicle, you should follow these steps to file a claim:

1. Call the police and report the accident.
2. Exchange information with the other driver(s) involved in the accident.
3. Take photos of the accident scene and damage to the vehicles involved.
4. Contact your commercial auto insurance company and report the accident.
5. Provide the insurance company with all the information and documentation requested.
6. Cooperate with the insurance company's investigation.

Frequently Asked Questions about Commercial Auto Insurance in Florida

Q: What is the best commercial auto insurance company in Florida?
A: The best commercial auto insurance company in Florida is the one that offers the coverage you need at a price you can afford. It is important to shop around and compare quotes from multiple insurance companies before making a decision.

Q: How much does commercial auto insurance cost in Florida?
A: The average cost of commercial auto insurance in Florida is $1,200 per year. However, rates can vary significantly based on several factors.

Q: What is the minimum liability coverage required for commercial auto insurance in Florida?
A: Florida law requires all drivers to carry liability coverage in the following amounts:

• Bodily injury liability: $10,000 per person, $20,000 per accident
• Property damage liability: $10,000 per accident

Q: What are some ways to get discounts on commercial auto insurance in Florida?
A: There are several ways to get discounts on commercial auto insurance in Florida, including:

• Asking for multiple policies
• Maintaining a good driving record
• Installing safety features in your vehicles
• Increasing your deductibles