Insuranks
Insuranks

Tire Shop Insurance: Cost & Quotes From $36/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Table of contents
1. General Liability Insurance for Tire Shops1.1. What Are the Common Add-Ons to General Liability Insurance for Tire Shops?1.2. Coverage Limits for General Liability Insurance for Tire Shops1.3. Product Liability Insurance for Tire Shops1.4. Coverage Limits of Product Liability Insurance for Tire Shops2. Commercial Property Insurance for Tire Shops2.1. Common Add-Ons to Commercial Property Insurance for Tire Shops2.2. Coverage Limits of Commercial Property Insurance for Tire Shops3. Business Owner’s Policy for Tire Shops3.1. What Are the Common Add-Ons to a BOP?3.2. Coverage Limits of BOP for Tire Shops4. Tools and Equipment Insurance for Tire Shops4.1. What Are the Common Add-Ons to Tools and Equipment Insurance?4.2. Coverage Limits of Tools and Equipment Insurance for Tire Shops 5. Commercial Auto Insurance for Tire Shops5.1. What Are the Components of This Tire Shop Insurance?5.2. Add-ons to Commercial Auto Insurance for Tire Shops5.3. Coverage Limits of Commercial Auto Insurance Tire Shops6. Excess Liability Insurance for Tire Shops 6.1. Coverage limits of Excess Liability Insurance for Tire Shops7. Workers' Compensation Insurance for Tire Shops7.1. What Are the Coverage Limits of Workers’ Compensation Insurance?8. Tire Shop Insurance Cost9. Best Tire Shop Insurance Companies9.1. NEXT Tire Shop Insurance 9.1.1. Pros9.1.2. Cons9.2. CoverWallet Tire Shop Insurance 9.2.1. Pros9.2.2. Cons9.3. The Hartford Tire Shop Insurance 9.3.1. Pros9.3.2. Cons9.4. Tivly Tire Shop Insurance 9.4.1. Pros9.4.2. Cons9.5. Thimble Tire Shop Insurance 9.5.1. Pros9.5.2. Cons9.6. Hiscox Tire Shop Insurance 9.6.1. Pros9.6.2. Cons

A tire shop business involves selling used and new tires. You can also offer automotive repair services. Like any other venture, you need business insurance to safeguard your assets. Tire shop insurance covers property damages, employee injuries, third-party claims, and other risks. Having a good cover guarantees your customers and stakeholders that you are well prepared to handle unforeseen events. After all, a tire shop is a retail business that’s highly susceptible to customer lawsuits, fires, and, workplace accidents. 

General Liability Insurance for Tire Shops


CoverWallet NEXT (Best)Thimble HiscoxThe 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
$1,000,000$1,000,000$1,000,000$1,000,000
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
$100,000$5,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included


This tire shop business insurance is integral for your business. General liability insurance policy protects your business in case of claims of property damage or bodily injury filed by third parties. This policy will cover the following:

  • Defense costs

  • Court costs

  • Settlement costs

  • Judgment costs


What Are the Common Add-Ons to General Liability Insurance for Tire Shops?

  • Garagekeepers liability insurance–This add-on to your brand new and used tire shop insurance package is fundamental if you offer vehicle repair services. It will protect you from incurring costs if your customer's vehicle is damaged

  • Product liability insurance–This add-on covers your business if the products you sell, such as tires, cause injury or harm to your customers


Coverage Limits for General Liability Insurance for Tire Shops

Insurance providers offer a limit of $1 million for each occurrence and a $2 million aggregate limit annually.


Product Liability Insurance for Tire Shops

You sell used and new tires to customers. You also install tires on customers' vehicles. In some unfortunate circumstances, the tires you sell can have defects and cause serious accidents. This tire shop business insurance protects your business from product-related lawsuits. This insurance will cover medical, attorney, settlement, and judgment costs.


Coverage Limits of Product Liability Insurance for Tire Shops

Carriers offer a limit of $1 million to $10 million per occurrence and aggregate in their product liability insurance for tire shops. 

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Commercial Property Insurance for Tire Shops


CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
Building coverage limit (minimum)$50,000$330,000$25,000/$500,000$60,000$25,000
Contents coverage limit (minimum)$50,000$35,000$25,000/$500,000$60,000$15,000
Outdoor signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


Commercial property insurance insures your physical assets from unpredictable risks. It will cover your inventory, equipment, buildings, and signage. With this type of insurance, you can recover the rebuilding, repair, and replacement costs. This ensures your business continues to run even after catastrophic events, such as:

  • Fire

  • Storms

  • Theft

  • Vandalism

  •  Earthquakes

  •  Hails

  • Tornados


Common Add-Ons to Commercial Property Insurance for Tire Shops

  • Spoilage insurance–If you sell goods that can expire in your tire shop, you need this add-on. The policy will help to reimburse the cost of replacing expired goods

  • Flood insurance–You can add this if your primary insurance does not cover flood events


Coverage Limits of Commercial Property Insurance for Tire Shops

An insurance carrier must first determine the needs and risks of your tire shop to come up with the ideal coverage limit. A typical policy will offer $25,000-$500,000 to cover building reconstruction or repair expenses.