Commercial Auto Insurance

Appropriate auto insurance can help provide your company with much-needed financial protection following accident-related losses on the road. Contact Mountain Springs Insurance in Soda Springs, Idaho, today to get help building a commercial auto insurance policy tailored to your company’s needs.  

Which Commercial Auto Insurance Policies Do I Need?  

Based on your company’s risks, your agent may recommend a range of commercial auto insurance policies. Here’s an outline of common coverage options:  

• Liability insurance is required to help cover third-party bodily injury and property damage liability in Idaho.

• Collision insurance can help pay for damage to company vehicles stemming from collisions with other vehicles or objects.

• Comprehensive insurance may help pay for damage to company vehicles resulting from covered events other than collisions, including fires, vandalism, adverse weather or theft.

• Gap insurance can help cover the “gap” between the amount you owe on a company vehicle and the settlement from your insurer after an accident renders the vehicle a total loss.

• Medical payments may help pay for medical bills if a driver or passenger in a company vehicle is injured in an accident.

• Uninsured/underinsured motorist insurance can help cover damage to company vehicles following accidents with drivers who lack appropriate coverage.

• Umbrella insurance may provide excess liability coverage. This coverage could apply when a liability claim exceeds the limits of your company’s other liability policies.

• Hired and non-owned auto insurance (HNOA) can provide coverage for leased, personal and rented vehicles used by your company.

How Much Commercial Auto Insurance Do I Need In Idaho? 

Idaho-based companies that use vehicles to conduct business must have at least the minimum amount of commercial auto liability coverage. This coverage can protect your organization from the financial effects of at-fault accidents by helping pay for third-party injuries and property damage.  

If your business leases or finances vehicles, the lienholder will also require you to purchase full coverage auto insurance, which includes comprehensive and collision coverage. Depending on the lender, you may also be required to purchase gap insurance.  

How Much Is Commercial Auto Insurance? 

Your commercial auto insurance premiums are set by the insurer and may be much different from other businesses in your sector. Your rates depend on your company’s claims history, your location, the type and value of the vehicles your company owns and other important details about your business.  

An insurer will also use certain information about your policy, such as the types of coverage you choose, your deductibles and your coverage limits to help determine your premiums.  

Contact Us 

Contact Mountain States Insurance today to get a personalized quote for commercial auto insurance. Insurers also use information about your policy, such as the coverage you choose, your deductibles and your coverage limits to help determine your premiums.