Car Park Insurance: Cost & Quotes From $30/mo

If you own or manage a car park, it's essential to have insurance to solve issues. Commercial trucking businesses might ask for proof of insurance before working with you. Also, the automobiles that the valet brought to you for safekeeping might sustain damages. In such situations, car park insurance can help. This ensures you meet contract requirements and have enough financial backup to cover lawsuits aggrieved third parties file. 

General Liability Insurance for Car Park Owners

CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$300,000/$1,000,000$1,000,000/$2,000,000
Aggregate limit$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit$2,000,000
Advertising injury coverage aggregate limit$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit$100,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?NoYesYesCan be includedCan be included
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes

General liability insurance for car park owners covers liability claims from accidents and other unfortunate events. It protects car park owners from third-party property or bodily injury claims. Depending on vehicle park size, coverage limits range from $1 million to $5 million. This insurance for car park owners usually covers:

  • Slip and fall accidents–If a visitor or client slips, trips, or falls in the car park, the insurance can cover medical costs and legal claims

  • Property damage–If a vehicle or other property is damaged in the car park, the insurance can cover repairs or replacements

  • Personal injury–The insurance covers legal fees and damages if the car park owner or staff are accused of defamation, false arrest, or invasion of privacy

  • Advertising injury–If the car park owner's advertising or marketing mistakenly infringes someone's copyright or trademark, the insurance can pay the legal claim.

  • Product liability–If the car park owner offers extra services or sells products on-site, the insurance can cover claims if a customer is injured

Add-Ons to General liability insurance for Car Park Owners

  • Umbrella liability insurance provides additional coverage above the general liability policy limits to defend against catastrophic claims.

  • Hired and non-owned auto liability coverage that covers the cost of accidents caused by hired or borrowed tow trucks and other vehicles

  • Pollution liability coverage for environmental damage caused by the car park operations

Is General Liability Insurance Required for All Car Parks?

This car park liability insurance is not mandatory for all car parks. Nonetheless, it’s best to purchase this policy to comply with client insurance requirements.

Garage Keepers Liability Insurance for Car Parks

Garage keepers liability insurance offers protection against damages to customers' vehicles while in the car park's care, custody, and control. This policy is crucial for car park operators who provide valet or parking attendant services. Coverage limits for garage keepers' liability insurance typically range from $50,000 to $1 million. Here are specific situations where general liability insurance can help:

  • Accidental damage to a customer's vehicle during parking or retrieval

  • Theft or vandalism of vehicles while under the car park's control

  • Fire or explosion causing damage to parked vehicles

  • Damage caused by negligent driving of car park attendants

  • Loss of keys resulting in unauthorized access to parked vehicles

  • Water damage due to leaks or flooding within the car park

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Commercial Property Insurance for Car Parks

CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
Building coverage limit (minimum)$50,000$320,000$25,000/$500,000$75,000$25,000
Contents coverage limit (minimum)$50,000$35,000$25,000/$500,000$75,000$15,000
Outdoor signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivableExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keysExcluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded

This insurance covers physical assets, including the car park structure, equipment, and signage. This policy protects against damages caused by fire, theft, vandalism, severe weather, and other covered perils. Coverage limits for commercial property insurance vary based on the value of the insured property. Specific situations where commercial property insurance can help are:

  • Damage to the car park structure due to fire or explosions

  • Storm or hail damage to the car park roof or exterior

  • Water damage caused by burst pipes or flooding

  • Liability for third-party injuries caused by property defects or hazards

Optional Add-Ons to Commercial Property Insurance

  • Business income coverage to compensate for lost income during repairs or closures

  • Equipment breakdown coverage for the repair or replacement of damaged equipment

  • Flood insurance to protect against damages caused by flooding

Business Owner’s Policy for Car Parks

CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
General liability aggregate limit$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Commercial property coverage limit$50,000$320,000$25,000/$500,000$75,000$75,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes

A business owner's policy (BOP) combines general liability insurance and commercial property insurance into a single package, providing comprehensive coverage for you. This policy offers convenience and cost savings compared to purchasing the coverages separately.

The coverage limit for BOP is $300,000-$2 million for the general liability coverage and $25,000-$60,000 for the commercial property coverage. Business owner's policy can help in these specific situations:

  • Slip and fall accidents within the car park premises

  • Property damage caused by fire, theft, or vandalism

  • Personal injury claims resulting from negligence or inadequate maintenance

  • Damage to customers' vehicles while under the care of the car park

  • Business interruption due to property damage or closures

  • Legal expenses associated with lawsuits related to car park operations

Add-Ons to Business Owner’s Policy for Car Parks

  • Cyber liability insurance to protect against data breaches and cyber attacks

  • Employment practices liability insurance for claims of wrongful termination, negligent hiring, failure to promote, and other violations of employee rights

  • Umbrella insurance for additional liability coverage beyond the policy limits

What is the Advantage of General Bundling Liability and Property Insurance in a BOP?

The advantage of a business owner's policy (BOP) is that it combines general liability insurance and commercial property insurance into a single package. Bundling these coverages can provide convenience, cost savings, and comprehensive protection for car park owners. It simplifies insurance management and adequately covers liability and property risks.

Tools and Equipment Insurance for Car Parks

NEXTThimbleHiscoxThe Hartford
Aggregate limit$3,000/$10,000$2,500/$5,000$15,000/$25,000$5,000-$10,000
Covers hired and borrowed equipment?$3,000/$10,000$2,500/$5,000NoYes
Miscellaneous equipment also covered?$5,000/$10,000NoYesYes
Offered as an endorsement to general liability insurance?YesYesYesYes

The insurance covers the valuable tools, machinery, and equipment you use daily. Coverage limits for tools and equipment insurance vary based on the value of the insured items. However, typical coverage limits range from $1,000 to $10,000. Specific situations where tools and equipment insurance can help are:

  • Damage caused by accidents or vandalism to valuable machinery

  • Loss of tools due to fire, floods, or other covered perils

  • Breakdown or mechanical failure of equipment requiring repair or replacement

  • Damage to tools or equipment during transportation or loading/unloading

  • Loss of revenue due to equipment downtime or unavailability

Add-Ons to Tools and Equipment Insurance for Car Parks

  • Inland marine coverage for tools and equipment used off-site

  • Business income coverage to compensate for lost income during equipment downtime

  • Equipment breakdown coverage for repair or replacement of damaged machinery

Workers' Compensation Insurance for Car Parks

The insurance benefits your employees who are injured or become ill due to their job. It typically covers medical expenses, lost wages, and rehabilitation costs. In some cases, it may also provide death benefits to the employee's family. Here are some specific situations where workers' compensation insurance can help:

  • Slip and fall accidents suffered by employees while on duty

  • Back or muscle strains from lifting heavy objects or performing physical tasks

  • Injuries caused by vehicle accidents within the car park premises

  • Exposure to hazardous chemicals or substances leading to health issues

  • Repetitive motion injuries from tasks like operating equipment or typing

  • Work-related illnesses due to exposure to environmental factors

Add-Ons to Workers’ Compensation Insurance for Car Parks

  • Employer's liability coverage to protect against lawsuits related to workplace injuries

  • Medical management programs to facilitate effective injury treatment and recovery

  • Disability insurance provides additional benefits if you become disabled due to a workplace injury or illness

Do I Need Workers Compensation Insurance if I Only Have Part-Time Employees?

The need for workers' compensation insurance depends on the specific state regulations and the number of employees. In many states, workers' compensation insurance is required even for part-time employees. It's essential to consult with local regulations to determine the requirements for your car park business.

Excess Liability Insurance for Car Parks

Excess liability insurance provides additional liability coverage beyond the limits of your primary liability policies, such as general liability insurance. This policy offers higher coverage limits to protect your business from catastrophic incidents or lawsuits.

Coverage limits for excess liability insurance typically start at $1 million and can extend to $10 million, depending on your specific needs and the car park insurance provider.

Is Excess Liability Insurance Necessary if I Already Have General Liability Insurance?

While general liability insurance provides essential coverage, it may not be sufficient for a catastrophic incident or high-value lawsuit. Excess liability insurance offers additional coverage beyond the limits of primary policies, providing an extra layer of protection and peace of mind for car park owners.

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Car Park Insurance Cost

Cost per MonthCost per YearDeductible
General liability insurance$36$432$0-$500
Excess liability insurance$40$480$500-$1,000
Commercial property insurance$60$720$1,000-$2,000
Business owner’s policy$90$1,080$1,500
Tools and equipment insurance$37$444$500-$1,000
Workers compensation insurance$110$1,320$2,000-$5,000

The average car park insurance cost is $36 per month or $432 per year for a $1 million general liability insurance. Factors affecting premiums are:

  • Type and size of car park–The type of car park–whether it's an open lot, a multi-level structure, or an underground facility–can impact the insurance cost. The size of the car park, including the number of parking spaces and the overall square footage, is also considered

  • Location–The location of the car park plays a significant role in determining the insurance cost. Factors such as the crime rate in the area, proximity to high-risk zones, and exposure to natural disasters can influence the premium amount

  • Coverage limits–The coverage limits you choose for your car park insurance will affect the cost. Higher coverage limits provide greater protection but may result in higher premiums

  • Deductible amount–The deductible is the amount you pay out of pocket before the insurance coverage. Opting for a higher deductible can lower the insurance premium, but you'll have a higher initial expense in the event of a claim

  • Insurance provider–Different insurance providers have varying pricing structures and underwriting guidelines. Obtaining quotes from multiple providers to compare prices and coverage options is recommended. Start by clicking the “Get Quotes’ button on this page

  • Risk assessment–Insurance companies assess the risk associated with your car park, considering factors such as previous claims history, safety measures implemented, security systems in place, and maintenance practices. A lower-risk car park may result in lower private car park insurance premiums

In connection, here’s a table showing the cost of a $1 million general liability insurance from the best car park insurance companies:

Cost per MonthCost per YearBest for
NEXT$22$264Best overall; Fastest general liability insurance for car parks
The Hartford$24$288Comparing car park insurance quotes online
CoverWallet$26$312Workers compensation insurance for cark parks
Tivly$28$336Comparing car park insurance quotes over the phone
Thimble$30$360On-demand coverage for cark parks
Hiscox$32$384Car park insurance with worldwide coverage

Compare Cheap Car Park Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Car Park Insurance Companies

Here are the best car park insurance companies worth considering. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.

NEXT Car Park Insurance


  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for car parks

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies


  • Couldn’t find any

NEXT offers the policies for your car park 100% online. Choose from various options such as general liability, commercial property, workers compensation, and more. Nonetheless, it’s best not to choose and buy all to enjoy a premium discount.

Best for: Best overall; Fastest general liability insurance for car parks

Average cost: $22 per month

Our rating: 10/10

CoverWallet Car Park Insurance


  • Compare quotes online

  • Offers 24/7 customer support and claims assistance

  • Easy-to-use online platform for obtaining and managing insurance coverage


  • Not an insurance company but an insurance broker

CoverWallet offers a variety of policies to suit your unique needs, including general liability, property damage, and professional liability coverage. This company allows you to compare the quotes for these policies online. Moreover, you can view present policy limits through the MyCoverWallet dashboard.

Best for: Comparing car park insurance quotes online

Average cost: $24 per month

Our rating: 10/10

The Hartford Car Park Insurance


  • Multiple coverage options

  • Renowned company for workers compensation insurance

  • Helps you find a short-term coverage in partnership with Tivly


  • Expensive premiums

The Hartford is a highly reputable insurance provider known for offering various coverage options. You can purchase general liability, commercial property, and business owner's policy. Hiscox also underwrites workers compensation insurance. The Hartford also sells short-term general liability insurance in partnership with Tivly.

Best for: Workers compensation insurance for cark parks

Average cost: $26 per month

Our rating: 10/10

Tivly Car Park Insurance


  • Additional insureds can be added to the policy at no extra cost.

  • Compare quotes online

  • A partner of many reputable insurance companies


  • You have to talk to a representative to get a quote

Tivly is a relatively new player in the insurance industry, but they have rapidly established itself as a broker of cost-effective and extensive coverage choices. This company doesn’t underwrite any policies. Instead, it takes you to the top insurance companies. Tivly helps you find comprehensive protection and the right price. Call now to compare quotes over the phone.

Best for: Comparing car park insurance quotes over the phone

Average cost: $28 per month

Our rating: 10/10

Thimble Car Park Insurance


  • Sells short-term general liability insurance

  • Numerous add-ons to general liability insurance

  • Up to $500,000 commercial property coverage limit


  • You can’t reach customer service by calling

Thimble is a unique insurance company focused on offering on-demand coverage. They specialize in providing general liability insurance that can be customized to meet your specific needs. Your policy can be purchased for a specified duration, from hours to days or weeks.

Best for: On-demand coverage for cark parks

Average cost: $30 per month

Our rating: 9/10

Hiscox Car Park Insurance


  • With nearly 120 years of industry presence, this insurance company showcases a rich history and substantial expertise

  • Worldwide coverage

  • 14-day money-back guarantee


  • Limited bundling options

Hiscox provides business owner's policies in 43 states and Washington, D.C. They streamline the process by offering a brief questionnaire to assess your business's insurance requirements. Once completed, you can receive a customized quote and make an informed decision about purchasing the policy.

Best for: Car park insurance with worldwide coverage

Average cost: $32 per month

Our rating: 9/10

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