Limousine Insurance: Limo Insurance Cost & Quotes From $11

Limousine businesses have a promising earning potential. This might be true as you’re here now looking for insurance to secure your source of income.

Limousine insurance is the tailored for-hire transportation insurance program you’ll find comprehensive. This offers general liability insurance and other policies such as professional liability, workers compensation, commercial auto, commercial property, and other policies that are very helpful when starting a limousine business.

Read this guide to know how each policy works, how much premiums cost, where to get the best coverage, and compare quotes.

Commercial Auto Insurance For Limo Service

A commercial auto policy first crosses your mind when thinking of which taxi and limousine insurance to get. There’s nothing wrong with this! In fact, what will be unusual is when you have a limousine service business but not think of this insurance at all. 

Having commercial auto insurance is very important because:

  • Accidents can happen anytime and have devastating results. In fact, a limousine-related accident happened in the 6th of October 2018 and killed 20 people 

  • Motor vehicle accidents are on the rise. In fact, in 2021, the Bureau of Transportation Statistics estimated that 45,000 people have died from vehicular accidents

Commercial auto insurance has a lot of functions. The bullets below quickly discuss what this policy can do for your limo business:

  • Commercial auto insurance can cover the medical treatment of third parties in case your limousine causes an accident

  • You can also use commercial auto insurance to cover the repair or replacement of parts if your limousine sustains damage due to collision, theft, vandalism, and other covered perils 

  • Emergency roadside assistance coverage is included in commercial auto insurance. You can use this to cover the cost of tire delivery and replacement, towing, battery delivery and replacement, gas delivery, and more 

  • Commercial auto insurance will cover the medical treatment of the driver and passengers if your limousine gets involved in an accident caused by an uninsured/underinsured driver 

Limousine Service General Liability Insurance

CoverWallet NEXT (Best)GEICOHiscoxProgressive
Per occurrence limit $1,000,000$1,000,000$300,000/$2,000,000$300,000/$2,000,000$1,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$300,000/$2,000,000$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 $1,000,000
Waiver of subrogation included?YesNoExcludedCan be includedExcluded
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedExcluded
Equipment breakdown floater included?No YesExcludedCan be includedExcluded
Can you get a certificate of insurance online?YesYesYesYes
Name additional insureds?YesYes


Another type of commercial insurance for limo service is a general liability policy. In practice, this is useful if you ram a pedestrian or crash into someone’s fence, store, or house by accident with the limousine. 

Use the table above to compare the general liability policy of the insurance companies we recommend. 

General liability insurance will protect you against bodily injury and property damage claims filed by pedestrians, clients, independent contractors, and other third parties.  This insurance provides money you can use to pay the:

  • Medical treatment of the claimant

  • Property damage remuneration of the claimant

  • Attorney fees, investigation fees, and other legal expenses

  • Court judgments

General liability insurance doesn’t only cover accidents that happen while your limousine is running. This insurance also grants protection against third-party bodily injuries or property damage that happen in the premises of your limousine business’s garage, terminal, office, and other commercial properties. 

Just like the general liability insurance for taxi businesses, the general liability insurance for limousine companies comes with automatic or optional add-ons such as:

  • Products and completed operations coverage

  • Rented premises liability coverage

  • Non-owned/hired auto liability coverage

  • Tools and equipment coverage

Limousine Service Professional Liability Insurance

CoverWallet NEXT HiscoxProgressiveGEICO
Per occurrence limit $1,000,000$20,000/$25,000$1,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$50,000$1,000,000$2,000,000$1,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoCan be includedNoNo
Deductible $500$500$50/$10,000$500$500

You and any other drivers of your limousine service business can opt to get professional liability insurance

In real life-scenarios, this insurance is useful if a client files a claim and accuses you of overinflating your service charge, accepting payments without providing a service, or bailing out of a contract. 

Professional liability insurance for limo service takes care of settlements, defense costs, and court judgments when a covered peril happens. 

Use the table above to compare the professional liability insurance of companies we recommend for limousine service businesses. 

Compare Cheap Limousine Insurance Quotes Online

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

Commercial Property Insurance For Limo Service 

CoverWalletNEXT (Best)HiscoxGEICOProgressive
Building coverage limit (minimum)$50,000$25,000$25,000$25,000$50,000
Contents coverage limit (minimum)$50,000$25,000$25,000$25,000$30,000
Outdoor signsExcluded$2,500ExcludedExcludedExcluded
Accounts receivable ExcludedExcludedIncludedIncludedIncluded
Money and securitiesExcluded$2,500IncludedIncludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcludedExcludedExcludedExcluded
Employee dishonesty floaterExcluded$5,000IncludedIncludedIncluded

A limousine service business needs a physical space-an office, terminal, warehouse, garage, etc. The investments you’ve made on these buildings might be more costly than the limousine. And so, we suggest you get commercial property insurance

Use the table above to compare the commercial property insurance of companies we recommend. 

Commercial property insurance will cover the reconstruction or repair if your limousine service business’s office, terminal, warehouse, garage, and other physical space gets damaged or destroyed because of:

  • Fire

  • Theft

  • Vandalism

  • Malicious mischief

  • Weather

  • Lightning

  • Aircraft

  • Vehicle

  • Sprinkler leakage

  • Sinkhole collapse

Note that other than your limousine service business’s physical space, commercial property insurance will also take care of equipment and tools, valuable papers and records, furniture, and other precious items within the business premises. 

Similar to general liability insurance, commercial property insurance might come with add-ons. The most common ones are:

  • Accounts receivable coverage

  • Business interruption coverage

  • Portable equipment coverage

  • Utility services interruption coverage

Business Owner’s Policy For Limousine Service Businesses 

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

You can save money on premiums by buying a business owner’s policy. A business owner’s policy is an insurance product that combines general liability and commercial property insurance. 

That said, by buying a business owner’s policy, you get insurance for legal liability and commercial property damage. Use the table above to compare the business owner’s policy of companies we recommend. 

So why did we say earlier that buying a business owner’s policy allows you to save money on premiums? Well, the answer is simple. Premiums for a business owner’s policy are cheaper than when you bought general liability and commercial property insurance separately. 

The availability of a business owner’s policy will depend on your business profile. By the way, don’t forget to ask your insurance company if their business owner’s policy can be added with optional policies such as hired/non-owned auto liability coverage, cyber liability insurance, professional liability insurance, and others. 

Workers Compensation Insurance For Limousine Service Businesses

A limousine service business can’t run on its own. Other than drivers, you need clerks and other office staff to schedule requests, bill clients, and manage finances. Mechanics are also a must as your limousine units need repair from time to time. 

You need to get workers' compensation insurance as soon as your business has its first hire. All states in the USA, except Texas, impose stiff fines and penalties to businesses that fail to get workers comp. 

Workers' compensation insurance will cover the unexpected expenses on your business’s behalf if an employee sustains a work-related injury or disease. This insurance usually covers the following:

  • Medical treatments

  • Hospitalization

  • Medication

  • Rehabilitation

  • Lost wages

  • Funeral expenses and allowance to dependents in case of death 

Limousine Service Employer’s Liability Insurance

Employer’s liability insurance will protect you if an employee files a lawsuit after sustaining a work-related injury or disease. This will cover the settlements, defense costs, and court judgments. Employer’s liability insurance is available as an add-on to workers' compensation insurance or general liability insurance. 

Cyber Liability Insurance For Limousine Rental Businesses

Purchase cyber liability insurance if you use a website or mobile app to market your services, schedule rides, and collect payments from customers. 

You can be a victim of ransomware. It’s also possible for cybercriminals to gain unauthorized access to the mobile app or website. 

Cyber liability insurance grants a shield when these exposures occur. You can use this insurance to cover the expenses for:

  • Data breach containment

  • Public relations

  • Defense costs if aggrieved third parties file a lawsuit

  • Business interruption

Note that while it’s available as a stand-alone policy, cyber liability insurance is best purchased as an add-on to general liability insurance or a business owner’s policy. 

GAP Insurance For Limousine Service Businesses

Having GAP insurance is very important if your limousine units are under financing. The physical damage coverage of commercial auto insurance will only reimburse the actual cash value of a covered limousine. It won’t cover costs if a limousine gets totaled while it’s not fully paid yet. 

GAP insurance sees to it that you don’t continue paying for a totaled vehicle. This will provide the money equal to the amount you owe. 

Rank and Review Insurance Companies

Help others make better decisions

Show more

Limo Insurance Cost

Cost per MonthCost per YearDeductible
General liability insurance$80$960$0-$500
Professional liability insurance$90$1,080$500-$1,000
Commercial property insurance$85$1,020$1,000-$2,500
Business owner’s policy$165$1,980$500-$1,000
Commercial auto insurance$92$1,104$1,000-$1,500
Workers compensation insurance$100$1,200$2,000-$5,000
GAP insurance$95$1,140$1,000-$2,000


The average limo insurance cost is $80 a month or $960 a year for a $1 million general liability coverage. The cost of limo insurance varies depending on several factors, including the size and value of your limousine, your location, driver history, and your coverage needs. For further reference, here’s a table showing the pricing of the carriers that sell cheap limousine insurance:

Cost per MonthCost per YearBest for
NEXT$60$720Best overall; Fastest general liability insurance for limo service businesses
CoverWallet$63$756Limo insurance online quotes comparison
Tivly$67$804Comparing limo insurance quotes over the phone
Hiscox$69$828Limo insurance with generous policy limits
GEICO$71$852Limo businesses after limousine insurance carriers offering discounts
Progressive$75$900High risk limo businesses


So how do you save money on premiums? The most effective way is to have a high deductible. A deductible is an amount you’ll return to the insurance company once your claim is approved.  Having a high deductible will cut your premiums by 5%-10%.

Also, don’t forget discounts. Limo insurance companies have a plethora of discounts for customers. These are new customer discounts, commercial driving license discounts, clean driving record discounts, low mileage discounts, and more.

Compare Cheap Limousine Insurance Quotes Online

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

Best Limo Insurance Companies

Most limousine insurance companies will offer the same types of coverage, but few might provide additional perks, which is why it's crucial to compare several providers before making your decision. Read the reviews below to know the best limousine insurance companies, and their pros, cons, and pricing for a $1 million general liability coverage. 

NEXT Limo Insurance


  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for limo service businesses

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount


  • Couldn’t find any

NEXT doesn't have a limo insurance package. However, it can grant coverage through its passenger car rental insurance program. Policies offered are general liability, workers comp, professional liability, and more. Note that NEXT sells this coverage with its partner, Tivly. That said, you might be referred to Tivly for a quote. 

Best for: Best overall; Fastest general liability insurance for limo service businesses

Average cost: $60 per month

Our rating: 10/10

CoverWallet Limo Insurance


  • Knowledgeable and helpful customer service

  • A wide range of policy options from multiple providers

  • Easy to use online platform that allows you to compare limousine insurance quotes online


  • Not an actual provider, so a third party will provide your limousine insurance

CoverWallet provides a simple and easy-to-use online platform for searching affordable insurance from multiple partner providers. With this company, you’ll enjoy online policy management and an online certificate of insurance.

Furthermore, you don’t need to stress about things if issues arise because CoverWallet has a live chat platform where you can easily seek the help of insurance agents.

You’ll find this company very rewarding if you’re running a limo rental business. CoverWallet has four tailored insurance options made by customizing the offers of its partners - general liability, general liability and commercial auto, general liability with commercial auto and inland marine insurance, and a custom plan.

Best for: Limo insurance online quotes comparison

Average cost: $63 per month

Our rating: 10/10

Tivly Limo Insurance


  • Responsive customer service

  • Compare quotes over the phone

  • A partner of many reputable insurance companies


  • You need to call to get a quote 

Tivly is another company that allows you to compare quotes. However, you can’t do it online. Coverage options are provided if you call a Tivly representative. Aside from comparing quotes over the phone, this company can help you create a highly tailored coverage consisting of different insurance policies available. 

Best for: Comparing limo insurance quotes over the phone

Average cost: $67 per month

Our rating: 10/10

Hiscox Limo Insurance


  • Generous policy limits

  • Trusted company and is positively rated by industry watchdogs

  • 14-day money-back guarantee

  • Automatic policy renewal


  • Some policies might be only available if you talk to an agent

Hiscox provides coverage for a variety of businesses. This company’s insurance package for limo service offers general liability, professional liability, business owner’s policy and cyber liability insurance. You get to choose between a wide range of policy limits and deductibles. Moreover, any of your policies have upgrades that cater to risks only found in your business. 

Best for: Limo insurance with generous policy limits

Average cost: $69 per month

Our rating: 9/10

GEICO Limousine Insurance


  • Easy application process

  • Multiple limo insurance coverages including physical damage, liability,  and uninsured/underinsured motorist coverage

  • Offers limo insurance discounts


  • Limited availability of local agents compared to other companies

  • Complicated claims processing

GEICO has provided quality insurance products since 1936 and has consistently received praise for their excellent customer satisfaction and quality coverage options. With GEICO limo insurance, you can customize your coverage to fit your specific needs and budget.

Best for: Limo businesses after limousine insurance carriers offering discounts

Average cost: $71 per month

Our rating: 7/10

Progressive Limo Insurance


  • Customizable coverage and industry-specific options

  • Affordable rates

  • Competitive rates for drivers with DUI record


  • Customer complaints about the complexity of their claims process

  • Below average customer satisfaction rating

Progressive is one of the largest auto insurance companies in the United States and offers a wide range of commercial insurance products, including limo insurance. Progressive limousine insurance is popular as it can be added with optional policies for the best protection.

Best for: High risk limo businesses

Average cost: $75 per month

Our rating: 9/10

Research Insurance Options For Affordable And Reliable Coverage

The best way to find cheap limousine insurance is to do your research. Unfortunately, with extensive information available on the internet, the process can be overwhelming.

Click the “Get Quotes” button to use our free quote generator to compare rates, coverage, and customer service ratings from the leading providers to make an informed decision on the best policy for your limousine business.

Recent Reviews

Recent Posts