It's estimated that there are at least 19,987 car accidents a day and 7.3 million accidents in a year. Out of these accidents, approximately 118 deaths are recorded in a day. Out of 63 people, one person is at risk of getting in a vehicle accident.
And if you live in West Virginia, these risks increase by two folds due to the unpredictability of weather conditions this state faces and the increased incidents of speeding and aggressive driving. With all this in mind, it's only paramount that every business owner purchases WV commercial auto insurance.
Commercial auto insurance protects you and your business vehicles. It covers business-related trucks, vans, and cars. This insurance covers car theft, damage, and accidents. In addition, it covers bodily injury and property damage caused by your commercial vehicles. With West Virginia commercial auto insurance, your company's assets will be protected.
This business insurance protects you from any financial consequences you may be subjected to if your commercial vehicle gets damaged or causes third-party bodily injuries or property damage. This policy grants the following:
This coverage protects you from legal expenses and financial obligations if you are sued for damages caused by your commercial vehicle. It includes bodily injury and property damage liability, covering medical expenses, legal fees, and property repair or replacement costs for third parties involved in an accident.
If your delivery truck collides with another vehicle, causing injuries to the driver and damaging their car, your auto liability coverage would help pay for their medical expenses and vehicle repairs.
This component covers the costs of repairing your commercial vehicle following a collision with another vehicle or object, regardless of fault. It reimburses you for damages up to the actual cash value of your vehicle. Example: If your commercial van collides with a tree and sustains significant damage, collision coverage would help cover the repair or replacement costs.
Comprehensive coverage protects your commercial vehicle against damages caused by non-collision incidents, such as fire, theft, vandalism, or weather-related events like hailstorms or floods. It reimburses repairs or replacements based on the vehicle's actual cash value.
This insurance component covers you if you are involved in an accident with a motorist who does not have liability insurance or whose coverage is insufficient to cover your losses. It helps pay for your medical expenses and vehicle repairs. Uninsured motorist coverage protects if you are in an accident with a motorist with liability insurance not enough to cover your losses. It helps bridge the gap between the other party's inadequate coverage and your actual expenses.
The make of your commercial vehicle and its engine model are some of the factors that determine your monthly and annual commercial vehicle insurance premium rates. The type of commercial vehicle insurance you choose and the type of commercial vehicle you want to insure are also premium rate-determining factors.
Commercial auto insurance covers a wide range of vehicles used for different purposes. Here are the vehicle categories explained:
West Virginia commercial auto insurance covers box trucks and dump trucks, which haul and unload loose items like gravel and construction debris. Flatbed and enclosed trailers convey huge or fragile freight. Covered moving vans with ramps or lift gates transport furniture efficiently. To meet commercial transportation demands, tempos and trucks of various sizes and capacities are provided.
West Virginia commercial auto insurance covers taxis and cabs that provide on-demand city transportation. School buses are also covered. Private buses convey tour groups, employees, and eventgoers. Rickshaws, small, manually, or electrically driven urban transportation vehicles, are also passenger vehicles.
West Virginia commercial auto insurance covers industry-specific work vehicles. Farmers use tractor engines and attachments for plowing, tilling, and hauling. In warehouses, building sites, and factories, forklifts lift and move big goods. Covered bulldozers push and level materials during construction or earthmoving jobs.
While commercial vehicle insurance provides coverage for a wide range of risks, there are certain situations and circumstances that are typically not covered by commercial vehicle insurance in West Virginia. Here are some common exclusions:
Electrical and mechanical breakdown
Intentional or planned accidents
Damages caused by war, riots, rebellion, or insurrection
Commercial auto insurance can benefit various businesses and professions, including:
Commercial auto insurance can benefit cleaning companies that use vehicles to transport equipment, supplies, and employees to various client locations. It provides coverage for accidents, damages, and liabilities that may arise during transportation.
Commercial painters must frequently transport their tools, ladders, and paint to various job locations. Commercial auto insurance provides coverage in the event of accidents, theft, or damage to the vehicles and their contents.
Businesses that operate a fleet of vehicles or engage in freight transportation can greatly benefit from commercial auto insurance. It provides coverage for the vehicles, drivers, cargo, and any potential liabilities arising from accidents or damages during transportation.
With the rise of online food delivery services, commercial auto insurance becomes essential. It protects food delivery drivers and their vehicles from accidents, theft, or damage during the delivery process. It also covers potential liabilities if there are any accidents or injuries caused by the drivers.
General contractors often need to transport tools, equipment, and materials to construction sites. Commercial auto insurance provides coverage for accidents, damages, theft, or vandalism to the vehicles and the cargo being transported. It also offers liability protection in case of accidents involving contractor-owned vehicles.
HVAC companies frequently transport technicians and equipment to service calls using vans or vehicles. Commercial auto insurance provides coverage for incidents, damages, and liabilities that may occur on the job or during transportation.
Landscaping companies rely on vehicles to transport equipment, tools, and materials to different client sites. Commercial motor insurance covers accidents, thievery, vandalism, and cargo damage. It also protects against company-vehicle accidents.
Tour and travel companies frequently use vans or buses to transport passengers to various destinations. Commercial auto insurance provides coverage for potential transportation-related incidents, damages, and liabilities. It guarantees the protection and safety of both vehicles and passengers.
Platforms for ridesharing, such as Uber and Lyft drivers need business motor insurance. It covers ridesharing vehicle damage, theft, and vandalism. Passenger liability is also covered.
In addition to the core coverage components, commercial auto insurance in West Virginia may offer various add-ons or optional coverage options that businesses can consider to enhance their insurance protection. These add-ons provide additional coverage for specific risks or situations. Here are some common add-ons for commercial auto insurance in West Virginia:
This add-on covers the cost of things that are used up quickly and may need to be replaced or restocked after an accident or damage. These items consist of AC gas oil, engine oil, transmission oil, power steering oil, coolant, and other fluids of a similar nature. It ensures that these consumable costs are covered by your commercial auto insurance policy.
When you purchase a new commercial vehicle, its value starts depreciating immediately. If your new vehicle is involved in an accident that renders it beyond repair, this add-on ensures that you receive financial assistance to compensate for the loss of the vehicle's value due to depreciation. It helps you receive a higher claim amount than what would be given based on the depreciated value.
This add-on provides coverage for the repair or replacement costs of your commercial vehicle's engine or engine components. In the event of engine damage due to accidents, mechanical failures, or other covered perils, this coverage ensures that the expenses associated with repairing or replacing the engine are taken care of.
If you lease or rent commercial vehicles and they become unavailable due to an insured risk, such as an accident or theft, this add-on provides financial aid to cover the cost of renting a replacement vehicle. It helps you continue your business operations without interruptions caused by the unavailability of your own commercial vehicles.
This add-on offers coverage against legal expenses incurred as a result of motor-related lawsuits and prosecutions. It protects your business from legal bills, court charges, and other legal expenses resulting from commercial vehicle accidents.
This add-on provides assistance in case your commercial vehicle breaks down while on the road. It covers the cost of emergency services such as towing, tire changing, fuel delivery, battery jump-start, and other necessary roadside assistance. This coverage ensures that you receive prompt help to get your vehicle back on the road and minimize any disruptions to your bussiness activities.
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Here are some common scenarios where commercial auto insurance coverage would apply in West Virginia:
In case your driver and passengers in your vehicle sustain bodily injuries and require medical attention.
If you sustain injuries while driving your commercial vehicle and want your medical expenses to be catered for by your insurer.
If your commercial vehicle gets damaged after colliding or being hit by another object, such as a fence.
In case your commercial vehicle gets damaged by fire, theft, vandalism, and some weather-related natural calamities.
Below are the statutory requirements for WV commercial auto insurance:
You must have a minimum liability limit of 25/5025, which is $25,000 per person, $50,000 per accident for bodily injuries, and $25,000 per accident for property damage
You must purchase uninsured motorist insurance with a minimum coverage limit of $25,000 per person, $50,000 per accident for bodily liabilities, and $25,000 for property damages
There are several important reasons why purchasing commercial auto insurance in West Virginia is essential for your business. Here are the key points explained:
Commercial auto insurance exempts you from third-party bodily injury and property damage liability. It safeguards your business by covering the costs associated with injuries or damages caused by your commercial vehicle to others, including medical expenses, legal fees, and property repairs.
With commercial auto insurance, you receive financial assistance in case your commercial vehicle is destroyed by natural catastrophes or certain weather-related incidents. It helps cover the expenses of repairs or replacement, ensuring your business can recover from such substantial losses.
Commercial auto insurance provides coverage for theft or vandalism of your vehicles. It protects your business by covering the costs of repairs or replacement if your vehicle is stolen or deliberately damaged.
By purchasing commercial auto insurance, you exempt yourself from incurring medical expenses for your driver and passengers in the event of an accident. It covers medical bills, lost wages, and funeral expenses, prioritizing the well-being of those involved.
Commercial auto insurance provides you with essential coverage in case of an accident with an uninsured motorist. It ensures that your damages and medical expenses are covered, even if the at-fault party lacks sufficient insurance.
By investing in commercial auto insurance, you secure the continuity of your business operations after a covered risk occurs. It provides financial assistance for vehicle repairs, medical expenses, and legal fees, enabling your business to overcome potential disruptions and continue running smoothly.
Commercial auto insurance in West Virginia is $49 per month or $588 per year for a $1 million auto liability coverage. Here's a table showing the average rates of the best companies for a $1 million auto liability coverage in West Virginia.
|Cost per Month||Cost per Year||Best for|
|NEXT||$12.50||$150||Best overall; Fastest commercial auto insurance|
|The Hartford||$19||$228||Established business owners that need comprehensive and extensive commercial auto insurance coverage|
|CoverWallet||$29||$348||Comparing commercial auto insurance quotes online|
|Tivly||$30||$360||Comparing commercial auto insurance quotes over the phone|
|Hiscox||$42||$504||Business owners who operate in high-risk areas|
|Thimble||$45||$540||Best for business owners who are looking for temporary or event-based coverage|
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Here are options for the best WV commercial auto insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million auto liability coverage.
Live chat support is available
Monthly premium billing options are available
Its policies are customizable
5% discount on bundled policies
Its professional liability coverage is claims-made
NEXT is a privately owned company that sells specific and bundled insurance policies to small-scale business owners. Apart from underwriting its commercial auto insurance, NEXT also supports general liability insurance, business owner's policy, commercial property insurance, and workers comp insurance. Markel Corporation, American Express Ventures, Geoff Donaker, TLV Partners, Zeev Ventures, and Nationwide Ventures are some investors that back this specialist insurer. This A- AM Best-rated insurer has its headquarters in Palto Alto, California.
Best for: Best overall; Fastest commercial auto insurance
Average cost: $12.50 per month
Our rating: 10/10
Partnered with long-standing insurance carriers
Deals with over 30 types of insurance policies
All its policies are organized in one location
Provides free quotes to its clientele
Quotes may take a day or two to generate.
CoverWallet is an online insurance company that uses analytics and technology to provide coverage to small business owners at a fast and inexpensive rate. Through its easy-to-use and accessible website, CoverWallet provides its customers with automatic risk analysis, document management, coverage options recommendations, and peer risk comparisons. Some insurance carriers partnered with this New York-based insurer include AmTrust, Atlas, Blackboard, Berkshire Hathaway Guard Insurance Company, Chubb, CNA, Hiscox, Liberty Mutual, and Progressive.
Best for: Comparing commercial auto insurance quotes online
Average cost: $29 per month
Our rating: 10/10
Provides coverage add-ons
Unmatchable customer service
Offers monthly premium rates
You must be an AARP member to qualify for its commercial auto insurance coverage.
The Hartford is not only an insurance company but also a financial institution. The AM Best and the BBB rate this publicly traded insurer as an A+ insurance carrier. This 200-year-old insurer provides its coverage to all 50 states. Its policyholders can report homeowners, auto insurance, and property insurance claims any time of the week by phone or through its official mobile app.
Best for: Established business owners that need comprehensive and extensive commercial auto insurance coverage.
Average cost: $19 per month
Our rating: 10/10
Monthly premium rates are available
Provision of fast and free quotes
Conveniently matches you with coverage(s) that fit your needs
Lacks tools for managing multiple coverages from different insurers
Tivly is a USA-based insurance agency that specializes in matching small business owners with coverage options that best fit their needs. Through its website, policyholders can compare deductibles, exclusions, policy coverage limits, and coverage options as provided by its 200 partnered insurance companies. Call now to compare quotes over the phone.
Best for: Comparing commercial auto insurance quotes over the phone
Average cost: $30 per month
Our rating: 9/10
Snail mail claims reporting services are available
You can manage your account online
Offers a wide range of discounts
Provides global coverage
Its customer service department is available from Monday to Friday from 7 am-10 5pm.
Hiscox is a globally operated insurance company with an extensive insurance history and financial stability. This public insurer specializes in providing coverage to small business owners in the USA and across the globe. Besides selling commercial auto insurance, Hiscox also deals in general liability insurance, professional liability insurance, business owner's policy, cybersecurity insurance, and workers comp insurance. This A+ AM Best-rated insurer provides its policyholders the following insurance discounts: 5-25% small business discount, up to 20% bundling discount, 15% new customer discount, and refer to a friend discount.
Best for: Business owners who operate in high-risk areas.
Average cost: $42 per month
Our rating: 9/10
Provides almost instant quotes
Offers customized quotes for coverage
Offers discounts on QuickBooks and Workiz
Tivly underwrites its commercial auto insurance.
Thimble is an online insurance company specializing in commercial insurance to small-scale business owners across the USA. This privately owned insurance company offers hourly, daily, and monthly coverage. It also provides event-based coverage to seasonal business owners, freelancers, and independent contractors. Customers can purchase and manage its adjustable, flexible, and inexpensive coverage through its mobile app, that's available for iOS and Android smartphones.
Best for: Best for business owners who are looking for temporary or event-based coverage
Average cost: $45 per month
Our rating: 9/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow