Montana Commercial Auto Insurance: Quotes From $47/mo

With Montana commercial vehicle Insurance, you can protect and promote the prosperity of your company's vehicles. Safeguard your vehicles against accidents and property damage. Cover the medical treatment of passengers and injured third parties. Read this guide to learn how commercial auto insurance works in Montana. 

What is Commercial Auto Insurance?

Commercial auto insurance is a form of coverage designed to protect vehicles utilized for business purposes. It is for companies that own or operate vehicles as part of their regular operations. Commercial auto insurance protects against financial losses when vehicles cause an accidents, get damaged, or become involved in accidents caused by uninsured/underinsured motorists. 

Auto Accident Statistics in Montana

Injury Severity (2011-2020)

Crash Severity (2011-2020)

The above data clearly demonstrate that Montana businesses urgently needs auto insurance. Over the years, automobile accidents have caused severe injuries in the state. The statistics reveal a consistent pattern of fatalities, serious injuries, and other ailments, highlighting the hazards drivers and passengers face. 

Montana Commercial Auto Insurance Requirements

Montana state law requires all commercial auto policies to have a minimum liability limit of:

•  $25,000 per person for bodily injury

• $50,000 per accident for bodily injury

• $20,000 for property damage per accident

Depending on your vehicle categories and how they are used, your insurance company may recommend higher liability coverage limits. Depending on the type of vehicle and how it is used, semi-trucks, tractor-trailers, and other vehicles with a Montana Department of Transportation serial number will be subject to additional liability coverage requirements.

Components of Montana Commercial Auto Insurance

Here are the common components of Montana commercial auto insurance:

• Collision coverage–Collision coverage pays for repairing or replacing your commercial vehicle, regardless of who is at fault. It helps cover the cost of auto repairs after a collision with another vehicle or object.

• Comprehensive coverage–Provides coverage against non-collision occurrences such as theft, vandalism, fire, natural disasters, and falling objects. It contributes towards the cost of repairs or replacement if a covered event damages your vehicle.

• Medical payments coverage–Regardless of fault, this coverage helps pay for your and your passengers' medical expenses in an accident. It can cover hospital costs, doctor's fees, and other accident-related medical costs.

• Uninsured/underinsured motorist coverage–This coverage protects you if you are involved in an accident with an uninsured or underinsured driver. It helps pay for medical expenses and property damage caused by uninsured or underinsured motorists.

• Auto liability coverage–This required policy protects you if you cause bodily harm or property damage to others in an accident that was your responsibility. It includes bodily injury liability that covers the injured party's medical expenses, lost wages, and legal fees, and property damage liability that covers repairing or replacing damaged objects.

Add-Ons to Montana Commercial Auto Insurance

You can include the following add-ons to Montana commercial auto insurance:

• Towing and labor coverage–This coverage reimburses you for towing costs incurred if your commercial vehicle breaks down or must be towed to a repair facility. It may also cover the cost of labor for things like jump-starting a deceased battery or repairing a flat tire

• Non-owned auto coverage–If your business requires employees to use their vehicles for work, non-owned auto insurance protects those vehicles from liability. It facilitates coverage for damages and injuries sustained by an employee while driving his or her vehicle for business purposes

• Equipment or cargo coverage–If your business transports valuable equipment, tools, or cargo, you can add this coverage to protect these items from theft, injury, or loss while in transit

Common  Professions Requiring Commercial Auto Insurance in Montana

The following occupations need commercial auto insurance in Montana:

• Contractors and construction companies–Construction companies and subcontractors frequently use commercial vehicles to transport tools, equipment, and supplies to job sites. Commercial auto insurance is required to protect against construction-related accidents, property damage, and liability claims

• Delivery & courier services–Businesses that deliver packages and goods, such as courier services, logistics companies, and e-commerce stores, require commercial auto insurance to cover their delivery vehicles and protect against accidents, theft, and damaged goods in transit

• Non-emergency medical transportation–Providers of non-emergency medical transportation, such as medical transport firms or ambulatory service providers, require commercial auto insurance to safeguard the specialized vehicles they use to transport patients to medical appointments or facilities

• Food and catering services–Restaurants, caterers, food trucks, and others typically require commercial auto insurance to protect their vehicles for food delivery, mobile food services, and catering equipment transportation

• Farming and agricultural operations–Farmers, ranchers, and agricultural businesses frequently need commercial auto insurance to protect their agricultural vehicles, such as tractors, combines, and trailers used to transport agricultural supplies and equipment

• Waste management and recycling–Waste hauling and recycling  companies, recycling centers, and refuse collection services may need commercial auto insurance to cover the specialized vehicles used for waste collection, transportation, and disposal

• Passenger transportation services–Businesses that provide passenger transportation, such as taxi services, ride-sharing companies, limousine services, and shuttle operators, typically require commercial auto insurance to cover their vehicles and protect them from liability claims arising from passenger transportation

Types of Vehicles Are Covered under Commercial Auto Insurance in Montana

Depending on the insurance company and the policy terms, commercial car insurance may cover different kinds of vehicles. Here are some common types of vehicles covered by this insurance:

• Automobiles–Commercial auto insurance can cover automobiles used for business purposes, such as company cars, sales vehicles, and transportation service vehicles

• Buses–Commercial auto insurance can cover passenger-transporting buses such as shuttle buses, charter buses, and school buses

• Trailers–Commercial auto insurance can cover trailers used for business purposes, such as cargo trailers, utility trailers, and equipment trailers

• Sports utility vehicles–Commercial auto insurance coverage can include sports utility vehicles used for business purposes, such as company vehicles or transportation services

• Trucks–This category encompasses pickup trucks, box trucks, dump trucks, flatbed trucks, tow trucks, and utility trucks, among others

• Vans–Commercial auto insurance can cover commercial vans used for delivery services, passenger transportation, or as service vehicles

• Specialty vehicles–Commercial auto insurance can also cover specialty vehicles used in business operations, such as food vans, ice cream trucks, mobile workshops, and other customized automobiles

Montana Commercial Auto Insurance Cost

The average cost of commercial auto insurance in Montana is $30 per month or $360 per year for a $1 million auto liability coverage. Here’s a table showing the cost of a $1 million auto liability coverage from the best companies:

Factors That Affect the Cost of Premiums

Montana commercial vehicle insurance premiums can be affected by several variables. These factors are considered by insurance companies when determining the cost of coverage. Here are some critical variables that can affect the cost of commercial auto insurance:

• Driving record–The driving records of your employees who will operate commercial vehicles are used to determine the premiums. Accidents, traffic violations, and convictions for driving under the influence can all lead to premium increases. Insurance companies evaluate the risk posed by insured drivers

• Vehicle usage–Utilization of your commercial vehicles will influence your premiums. The distance traveled, the purpose of the vehicle, and whether the vehicle is driven in rural or urban areas are considered by insurance companies

• Type of business–The nature of your business and the industry in which you operate can affect your premiums. For instance, if you operate a construction business with large trucks and apparatus, your premiums may be higher than those with small delivery vehicles

• Vehicle type and value–When determining premiums, your commercial vehicles' type, model, and value are considered. More expensive or specialized vehicles may have higher premiums due to higher maintenance or replacement costs

• Coverage limits and deductibles–Your premiums will be affected by the coverage limits and deductibles you choose. In general, increased coverage limits and decreased deductibles will result in higher premiums

• Claims history–If your company has a history of submitting numerous claims, insurance companies may view you as a greater risk and increase your premiums accordingly

• Location–The location of your business in Montana can also affect your premiums. Insurance companies consider variables such as local traffic conditions, crime rates, and the probability of accidents or theft

• Safety measures–Your premiums may be affected by safety measures such as driver training programs, GPS tracking systems, security alarms, and vehicle maintenance protocols. Frequently, insurance companies offer discounts to businesses that take proactive measures to reduce risk

• Number of vehicles–The premium for your commercial auto insurance policy will be affected by the number of vehicles you have insured. Typically, the higher your premium, the more vehicles you own

• Credit history–In certain instances, insurance companies may consider your company's credit history when determining premiums. A favorable credit history can affect your premiums