Oregon Commercial Auto Insurance: Quotes From $39/mo

As a business owner in Oregon, you must understand state highways are dangerous. Accidents can happen anytime because of changing weather, mountainous terrain, high-traffic places, wildlife, and unpredictable road conditions. You must buy commercial car insurance to protect your business. This policy protects you financially against damages, injuries, and liabilities on the road. Commercial auto insurance is a necessity to safeguard your business from potential accidents and financial liabilities. In this long piece, we’ll talk about the specific risks of Oregon’s roads and why your business needs the right Oregon commercial auto insurance.

What is Commercial Auto Insurance?

Commercial auto insurance is coverage specifically for the risks that commercial cars face. Commercial car insurance protects your business from accidents, property damage, and bodily injuries to you and your employee. Most of the time, this insurance helps pay for hospital bills, repairs to your property, legal fees, and a settlement if you are sued. It also has optional coverages like uninsured/underinsured motorist protection and trailer damage protection. 


Auto Accident Statistics in Oregon

According to a report published by the Oregon Department of Transportation (ODOT), 2020, 413 people died in car accidents in Oregon. These deaths show how dangerous the roads in the state of Oregon are. The study also says there were 47,870 accidents in Oregon, which shows how often traffic accidents happen. Also, about 26,600 people were hurt in these accidents.

These numbers show how important it is to promote road safety steps like safe driving, following traffic rules, and public awareness campaigns. Stakeholders can reduce the number of accidents, injuries, and deaths on Oregon’s highways by focusing on prevention, education, and punishment. This will improve the roads for all drivers, passengers, and pedestrians.


Oregon Commercial Auto Insurance Requirements

In Oregon, commercial cars must have at least the following basic Oregon commercial auto insurance requirements:

  • Liability coverage–You must carry insurance if your commercial vehicle injures or damages others. Liability coverage protects you and others from financial losses from commercial vehicle accidents. Oregon requires $50,000 per person for bodily injury or death, $100,000 per crash for bodily injury or death, and $20,000 per for property damage. Oregon requires your commercial auto insurance policy to meet or exceed these minimum liability coverage limits.

  • Personal injury protection (PIP)–If you own a commercial vehicle in Oregon, you must carry personal injury protection (PIP) coverage. PIP protects you and your passengers from accident-related medical costs and additional costs. You must ensure your PIP insurance covers medical bills, missed earnings, and other accident-related expenses, regardless of culpability. Minimum PIP coverage is $15,000 per person. Make sure your commercial auto insurance policy matches Oregon’s PIP coverage limits by consulting your insurer.

  • Uninsured/underinsured motorist coverage–In Oregon, you need uninsured motorist coverage. If you’re in an accident with an uninsured or underinsured driver, an uninsured motorist policy protects you and your passengers. Coverage limits must match liability coverage limits of $50,000 per person and $100,000 per crash for bodily injury or death.

Components of Oregon Commercial Auto Insurance

Commercial auto insurance in Oregon usually covers several important parts of a business’s commercial vehicles and operations. Commercial auto insurance has four important components:

  • Auto liability coverage–For car insurance, liability coverage is a must. This coverage will cover your costs if you cause an accident that hurts someone or damages their property. It pays for legal, medical, and property costs. Auto liability insurance covers harm to people and loss to property. 

  • Medical payment coverage–Medical payment coverage, or MedPay, is an important part of car insurance that you should consider adding to your policy. Medical payment coverage covers you and your passenger’s medical expenditures following an accident. This insurance covers hospital, ambulance, and other medical expenses. Because MedPay pays for medical bills quickly, you can immediately get the care you need.

  • Comprehensive and collision coverage–Your car is protected by comprehensive coverage and collision coverage. Collision coverage will pay for the cost of repairs or replacement after an accident, no matter who was at fault. Theft, vandalism, fire, natural disasters, and animal encounter are all covered by comprehensive insurance. After an accident, these coverages give you money to fix or replace your car. This keeps your costs down and gets you back on the road quickly.

  • Uninsured/underinsured motorist coverage–This coverage saves you financially if you get into an accident with a driver who doesn’t have insurance or enough to cover the damages. Uninsured/underinsured car coverage pays for medical bills, lost wages, and property damage caused by drivers who don’t have insurance. This coverage in your car insurance gives you peace of mind if the person who caused the accident can’t pay your bills.

A tractor trailer and heavy equipment vehicle.


Add-Ons to Oregon Commercial Auto Insurance

There are several add-ons you should consider when shopping for commercial auto insurance in Oregon to enhance your policy and provide additional protection for your business. Here are some of the add-ons you need:

  • Hired auto coverage–This add-on protects you from liability if you rent or lease a commercial car. Whether you rent a car occasionally for a specific job, auto insurance offers the necessary protection while using hired vehicles for business purposes.

  • Towing and roadside assistance–This useful add-on helps when a business car breaks down on the side of the road or in an emergency. Towing, gas, jump-starts, and changing tires are all part of the service. 

  • Cargo insurance–Cargo Insurance is essential to your Oregon commercial auto insurance policy if your business involves transporting products or materials. This coverage covers the value of the things being sent against damage, loss, or theft. When you move things, it gives you peace of mind to know that your cargo is protected. 

  • Electronic equipment coverage–This coverage protects against theft, damage, and loss for commercial vehicles’ GPS, communication, and audiovisual devices.

  • Umbrella insurance–This add-on increases the liability coverage of your commercial car insurance. It covers big claims and lawsuits bigger than your normal coverage limits.

Coverage Limits for Oregon Commercial Auto Insurance

Oregon commercial auto insurance minimums coverage limits are $50,000 for bodily injury per person, $100,000 for bodily injury per accident, and $20,000 per accident for property damage. Protective restrictions are usually higher. However, higher limits are often recommended for adequate protection.

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Who Requires Commercial Auto Insurance Oregon

In Oregon, commercial auto insurance is usually needed for a number of businesses:

  • Retailers and wholesalers–Commercial auto insurance is needed to get goods to customers or other companies.

  • Construction companies–If your construction company drives equipment, tools, or materials to job sites, commercial car insurance protects your assets and covers any possible liabilities.

  • Trucking companies–If you run a trucking business that transports goods or materials for work, you need insurance.

  • Business owners with company vehicles–If you use delivery cars or service trucks for your business, you must have commercial auto insurance.

  • Independent contractors–If you are a freelancer and use your car to give rides, deliver food, or send packages, you may need commercial auto insurance.

What Types of Vehicles Are Eligible for Oregon Commercial Auto Insurance?

Oregon commercial auto insurance covers several company vehicles. Vehicles that qualify include:

  • Cars and SUVs–Commercial auto insurance covers regular passenger cars that are used to carry sales staff or clients.

  • Trucks–This includes pickup trucks, box trucks, flatbed trucks, and utility vehicles that are used to move goods or building supplies.

  • Vans–Commercial auto insurance can cover cargo vans, passenger vans, and other vans that are used to move goods or people.

  • Commercial trailers–Commercial auto insurance covers freight and transportation trucks that are used for your business.

  • Specialty vehicles–In this group are food trucks, mobile clinics, mobile workshops, and other custom-built business vehicles.

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Oregon Commercial Auto Insurance Cost

Commercial auto insurance in Oregon is $39 per month or $468 per year for a $1 million auto liability coverage. Factors that affect premiums are vehicle value, your location, annual business revenue, and driving history. Here’s a table showing the cost of a $1 million auto liability coverage from the best companies:

Cost per Month Cost per Year Best for
NEXT $20 $240 Best overall; Fastest commercial auto insurance
CoverWallet $23 $276 Comparing commercial auto insurance quotes over the phone
The Hartford $25 $300 Comprehensive coverage and customized solutions for businesses
Tivly $27 $324 Comparing commercial auto insurance quotes over the phone
Thimble $30 $360 Businesses in search of commercial auto insurance with convenience and flexibility
Hiscox $34 $408 Broad coverage and business expertise

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Best Oregon Commercial Auto Insurance Companies

When selecting the finest commercial vehicle insurance companies in Oregon, several respectable Oregon commercial auto insurance companies stand out for their unique offers and commitment to supporting businesses. Here are the best Oregon commercial vehicle insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million auto liability coverage. 


NEXT

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest commercial auto insurance

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

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

Cons

  • Couldn’t find any

NEXT provides Oregon commercial auto insurance online. They offer industry-specific coverage plans for small enterprises. Business owners can manage insurance and make claims on their user-friendly web portal. NEXT insurance’s quick and efficient underwriting process allows speedy quotations. NEXT is a popular choice for Oregon businesses looking for economical and convenient commercial auto insurance with competitive prices and flexible payment options.

Best for: Best overall; Fastest commercial auto insurance

Average cost: $20 per month

Our rating: 10/10


CoverWallet

Pros

  • Easy online price and policy comparison

  • Multiple insurance carrier partnerships give many alternatives

  • Fast application and policy issuance

  • Simplified documentation and paperwork requirements

Cons

  • Not an insurance company but an insurance broker

Coverwallet, a digital insurance brokerage, works with many insurers, including Oregon commercial auto insurance providers. They let businesses compare prices and buy insurance coverage online. They streamline coverage for businesses using technology. They helps businesses discover the correct commercial auto insurance coverage by collaborating with several carriers.

Best for: Comparing commercial auto insurance quotes over the phone 

Average cost: $23 per month

Our rating: 10/10


The Hartford

Pros

  • Extensive industrial knowledge

  • Flexible policies for owned, leased, and rented automobiles

  • Long-term financial stability and reliability

Cons

  • You might need to contact an agent for a quote 

The Hartford is a well-known company, and it has provided Oregon commercial auto insurance for many years. The Hartford has provided comprehensive coverage and customized solutions for businesses of all sizes since 1810. The Hartford’s extensive network of agents can guide businesses through the insurance process and ensure they have the right coverage.

Best for: Comprehensive coverage and customized solutions for businesses

Average cost: $25 per month

Our rating: 10/10


Tivly 

Pros

  • Real-time data analysis for tailored pricing

  • Businesses may save with usage-based insurance

  • Tracking and monitoring vehicles with simple technology

Cons

  • You need to call to compare quotes

Tivly is a relatively new entrant agency in Oregon’s commercial auto insurance market. CommercialInsurance.net was established in 2009 and changed its name to Tivly in 2022. Tivly utilize technology to track driving behavior, letting businesses pay premiums depending on usage and driving habits. They offer fair and tailored prices by evaluating real-time data. Businesses that desire more insurance cost management and are willing to use technology would like this method. Call now to compare quotes over the phone. 

Best for: Comparing commercial auto insurance quotes over the phone

Average cost: $27 per month

Our rating: 9/10


Thimble

Pros

  • Flexible, cost-effective, on-demand coverage

  • Flexible coverage intervals

  • Short-term or project-based insurance needs

  • Cost-effective coverage

Cons

  • Few coverage options for long-term or ongoing needs

Thimble is an innovative insurance provider that offers Oregon businesses on-demand coverage, including commercial auto insurance. Thimble was founded in 2016 and primarily serves freelancers, contractors, and small enterprises. Their policies are available in various time increments, ranging from hourly to monthly, allowing businesses to obtain coverage only when necessary. Thimble’s mobile app allows businesses to immediately purchase and manage policies, making them an attractive option for those searching for commercial auto insurance with convenience and flexibility.

Best for: Businesses in search of commercial auto insurance with convenience and flexibility

Average cost: $30 per month

Our rating: 9/10


Hiscox 

Pros

  • Long-standing insurance company with a solid reputation

  • Customized options for comprehensive coverage for enterprises of all sizes

  • Agents offer customized assistance

  • Customer satisfaction and financial stability

Cons

  • Some businesses choose self-service or technology

Hiscox is an established, global insurance provider that offers commercial auto insurance in Oregon. Hiscox covers businesses of all sizes with over 100 years of experience. Their flexible policies let businesses tailor coverage to their needs. Hiscox is renowned for its outstanding customer service and financial stability, providing policyholders with peace of mind. Their extensive coverage options and industry expertise make them a dependable commercial auto insurance provider.

Best for: Broad coverage and business expertise

Average cost: $34 per month

Our rating: 9/10

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