Best Commercial Auto Insurance of 2023

With a broad spectrum of coverage options across the entire country, it’s easy to see how Progressive made it to the top of our list. This carrier provides commercial auto insurance for nearly every business and vehicle arrangement, with a slew of discounts to choose from and the ability to change your coverage at any time without penalty.

Founded in 1937, Progressive is the number one commercial auto insurer in the United States with an overall market share of more than 15% in 2022. It offers commercial coverage in all 50 states (though Washington, D.C. is excluded), with policies that protect a wide range of vehicles such as cars, light trucks, vans, SUVs, food trucks, dump trucks, and even tractor-trailers, to name a few. It also offers an unlimited travel radius in most states, without increasing premiums.

Commercial auto protection can include a mix of liability (bodily injury and property damage), medical payments, underinsured/uninsured motorist coverage, collision, comprehensive, and even fire/theft. Progressive also has specialty coverage that not every carrier offers, such as hired auto, non-owned, and any-auto. This means that everyone can be covered whether your business owns the vehicles or your employees use their own vehicles to conduct business.

Progressive allows for coverage adjustments at any time, which can be helpful for seasonal businesses that might not need full protection all year long. It also makes it easy to get discounts for safe driving, paying by electronic funds transfer, business experience, bundling policies, and paying in full.?

According to Progressive’s website, commercial auto insurance has a median monthly cost of $172 per month for contractors and $175 for business auto customers. Online quotes are offered for certain businesses, but some may need to contact an agent. Progressive offers policy service seven days a week over the phone or online, and filing a claim is easy to do over the phone, day or night.

To learn more about this carrier, you can read our full Progressive Auto Insurance Review.

Nationwide commercial auto insurance earns our nod for the best value in coverage, with a wide range of affordable policy options, valuable features, and deductibles as low as $0. This company currently serves 49 states, and it has been providing insurance coverage since 1926.

Commercial auto insurance through Nationwide is available on a variety of business vehicles including cars, cargo vans, work vans, box trucks, pickup trucks, and utility trucks; however, semi-trucks and tractor-trailers are not covered. Quotes are available online or over the phone, but you’ll need to work with an agent in order to actually buy a policy, based on our research.

With Nationwide, businesses can purchase coverage ranging from $300,000 to $1 million in combined single-limit liability, with deductibles from zero to $1,000. Cargo insurance and non-owner coverage are provided, too. Through the online quote portal, we found that a business owner could purchase $300,000 in liability coverage and $500,000 in uninsured motorist coverage for one vehicle (a 2018 Chevrolet Silverado), with a $500 deductible, for only $2,102 a year.?

Optional features include new car replacement, roadside assistance, rental reimbursement, and even gap coverage for loans and leases alike. If you want to further protect your drivers and passengers, you can add medical payments and personal injury protection (PIP) coverage. Discounts through Nationwide include special pricing for bundling multiple policies, paying premiums in full, installing anti-theft devices, and having hybrid vehicles. You can also receive a 10% discount by enrolling in Vantage 360 Fleet, a free telematics rewards program for fleet vehicles that encourages safer driving. Claims can be submitted online or over the phone.

Nationwide holds an A+ financial strength rating from AM Best. It also ranks first in customer satisfaction, according to the 2023 J.D. Power U.S. Small Commercial Insurance Study.?

To read more about this carrier, check out our full Nationwide Auto Insurance Review.

If you’re looking for commercial auto insurance for a single company vehicle, Farmers is worth consideration. This carrier provides policies to a large number of industries, with coverage that even extends to employees’ own vehicles (when driving for business purposes). It provides commercial auto protection in the form of liability, underinsured/uninsured motorist, comprehensive, and many other coverages.

Farmers offers coverage for specialized industries and losses, too. For instance, it can cover tools that are stolen from a contractor’s vehicle, as well as coverage for food spoilage or food-borne illness when insuring a food truck. This type of protection is often offered through separate BOP policies with some other carriers.

Online quotes aren’t offered through Farmers, and you’ll need to work with a local agent in order to price out and buy a policy. Discounts are somewhat limited but include discounts for bundling, vehicle safety technology, and corporations. Claims can be submitted over the phone or online. The highly rated Farmers mobile app also gives policy owners access to their coverage anytime, from anywhere.

Farmers' customer satisfaction ranked below average in the J.D. Power 2022 U.S. Small Commercial Insurance Study, but that ranking jumped to fourth place in the 2023 report. The carrier holds an A financial strength rating from AM Best.

To learn more about this carrier, you can read our full Farmers Auto Insurance Review.

Our top choice for commercial fleet auto insurance coverage is The Hartford, a company that has been around since 1810. This carrier provides resources to businesses with fleet vehicles to not only offer solid coverage but also help employees avoid accidents and reduce risk.?

The Hartford offers a number of coverages that can help you handle vehicle downtime such as towing, rental reimbursement, and downtime loss coverages. Hired and non-owned auto coverage is also offered, and could be useful to many businesses. The company also makes it easy to snag additional savings on your commercial fleet policy by offering discounts for multiple vehicles, paying in full, or being a safe driver.?

Coverage options include liability, comprehensive, collision, uninsured/underinsured motorist, medical payments, and non-owner. It also has a FleetAhead program for business fleets, which uses wireless devices on vehicles to promote safety, manage incidents, and qualify for additional savings. No online quotes are offered, so you’ll need to call for information and pricing in your specific area.

Commercial auto insurance coverage through The Hartford also offers the option of “drive other car” protection, for when employees and owners conduct business in personal, borrowed, rented, or leased vehicles.

Claims can be made 24 hours a day, seven days a week, either online or over the phone.

The Hartford currently holds an A+ financial strength rating from AM Best. Unfortunately, the company ranked last with customer satisfaction ratings below the industry average in both the 2022 and 2023 J.D. Power U.S. Small Commercial Insurance Study.

To learn more about this carrier, you can read our full The Hartford Auto Insurance Review.

Earning our top nod for commercial insurance customer service is State Farm. This carrier earned first place in the J.D. Power 2022 U.S. Small Commercial Insurance Study and second place in 2023.

Commercial insurance options include liability (bodily injury and personal property), medical payments, underinsured motorist, uninsured motorist, comprehensive, and collision coverage. The company does offer additional coverage features such as Employer Non-Owned car Liability (ENOL), which extends policy coverage to employees’ own vehicles when driven for business purposes. This carrier also offers rideshare coverage options on personal auto insurance policies, saving many drivers from paying the higher premiums of a commercial policy.

Online quotes are not offered through State Farm, so you’ll need to work with an agent to get a quote and purchase coverage. Claims can be filed online, over the phone, or through the award-winning mobile app.

State Farm was founded in 1922 and offers policies in all 50 states and Washington, D.C. Not all policies, coverage options, or discounts are available in all states, so you’ll want to speak with your local agent to see what is offered for your business. The carrier currently holds an A++ (highest possible) financial strength rating from AM Best.

To learn more about this carrier, you can read our full State Farm Auto Insurance Review.