Delaware Commercial Vehicle Insurance
Get a full analysis of Delaware commercial vehicle insurance costs, coverages & companies.
Written by
Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Find the Best Commercial Vehicle Insurance Rates and Companies in Delaware
Owning a business can be tough. You often play more than one role during your day-to-day operations. From stocker to HR specialist to payroll, you're responsible for many facets of your business. One thing you shouldn't have to worry about as a business owner is whether your commercial cars or trucks are properly protected. Accidents happen, and having commercial auto insurance in place to protect your Delaware business is an important part of staying financially stable.
An independent insurance agent can help you get set up with the right Delaware commercial vehicle insurance. They'll get your business equipped with the best policy for the job. But up first, here's a breakdown of commercial auto insurance in Delaware.
Best Commercial Vehicle Insurance Companies in Delaware
The right policy for your business will likely come from one of the best commercial auto insurance companies in Delaware. We pulled a few of our top recommendations for quality commercial auto coverage in Delaware, so your business can get off on the right foot.
- Nationwide: Nationwide has been in the insurance industry for a long time and offers commercial auto insurance and many other personal and business products. The carrier has outstanding ratings from AM Best and the Better Business Bureau (BBB) and offers 24/7 claims reporting.
- Liberty Mutual: Liberty Mutual is another longstanding insurer that sells commercial auto insurance and many other business and personal products. The insurer is a Fortune 500 company that provides 24/7 claims reporting and has great ratings from AM Best and the BBB.
- Progressive: Progressive is an outstanding insurer that sells commercial auto insurance and many other personal and business coverages. The insurer has consistently solid financial strength ratings and provides 24/7/365 customer service.
- Travelers: Travelers is another longstanding insurer that sells commercial vehicle policies and many other personal and business insurance products. The insurer has great AM Best and BBB ratings, offers numerous discounts, and has excellent customer feedback.
A Delaware independent insurance agent can help your business find a commercial vehicle insurance policy from one of these carriers.
What Commercial Vehicle Insurance in Delaware Can Cover
A commercial auto policy can be customized to meet your business's needs. In general, though, the following coverages are often found in Delaware commercial auto insurance policies, as well as policies across the country:
- Medical payments insurance: This covers any costs related to medical treatment if a company driver or their passengers get injured in an accident while using a company vehicle for business purposes.
- Liability insurance: This covers any costs related to property damage or bodily injury your business causes a third party with a company vehicle.
- Collision insurance: This covers costs related to any damage to your business vehicles from a collision with another driver, regardless of fault.
- Comprehensive insurance: This covers costs for damage to your business vehicles due to a non-collision event such as a flood or theft.
- Uninsured/underinsured motorists insurance: This covers any costs related to accidents involving other drivers who don't carry enough or any car insurance of their own to pay for their portion of the expenses.
A company must have enough commercial vehicle insurance to complete Delaware commercial vehicle registration properly. An independent insurance agent in Delaware can help your business get the coverage it needs.
How Much Commercial Vehicle Insurance Is Required in Delaware?
Delaware's commercial vehicle regulations should be a priority for all owners of businesses that own company vehicles. Make sure that your business's vehicles are properly covered by at least the state's minimum mandated coverage, which includes:
- Bodily injury liability insurance: Coverage of at least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Delaware.
- Property damage liability insurance: Coverage of at least $10,000 per incident of property damage liability coverage is required for businesses with company vehicles in Delaware.
- Personal injury protection: Coverage of at least $15,000 per person and $30,000 per accident of personal injury protection coverage is required for businesses with company vehicles in Delaware.
Understand that Delaware commercial vehicle enforcement mandates your business must carry at least these types and amounts of commercial auto insurance to avoid any state penalties.
What Commercial Vehicle Insurance in Delaware Won't Cover
A Delaware commercial vehicle insurance policy comes with certain coverage exclusions. A few possible exclusions to check your policy for are:
- Injuries to employees that can be covered by a workers' compensation policy
- Commercial vehicle accidents caused by employees who were intoxicated
- Any damage to company vehicles from environmental pollutants
- Any intentional damage or injuries caused by employees using company vehicles
Your Delaware independent insurance agent can help you pinpoint the exact coverage exclusions outlined in your business's commercial auto policy.
Find Commercial Auto Insurance
Our independent agents shop around to find you the best coverage.
Average Cost of Commercial Vehicle Insurance in Delaware
The average cost of commercial auto insurance in Delaware is $204 per month. However, this cost can vary based on many factors, including some or all of the following:
- The kind of coverage in your policy
- The type and amount of company vehicles that need insurance
- How often and where all company vehicles are used
- Your business's size, annual revenue, and location
- Your company's claims history
- The driving history of any employees who use company vehicles
An independent insurance agent in Delaware will help your business get equipped with the most affordable commercial auto policy around.
Popular Questions about Delaware Commercial Vehicle Insurance
If your business has company vehicles that are used for business purposes, you will need commercial auto insurance. Delaware state law requires all business vehicles to be insured.
Yes, state law in Delaware mandates commercial vehicle insurance. Your business must be covered by at least the state's minimum required coverage to avoid penalties.
Your commercial auto insurance policy in Delaware can be customized to meet your unique business's needs, but it must at least include the coverages required by the state. These coverages are property damage and bodily injury liability and personal injury protection.
Delaware mandates at least the following types and amounts of commercial vehicle insurance for businesses with company vehicles:
- Bodily injury liability insurance: Coverage of at least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required.
- Property damage liability insurance: Coverage of at least $10,000 per incident of property damage liability coverage is required.
- Personal injury protection: Coverage of at least $15,000 per person and $30,000 per accident of personal injury protection coverage is required.
Yes, businesses in Delaware can declare commercial vehicle insurance premiums as a tax write-off. Commercial auto insurance costs can be deducted from a business's total taxable income.
Commercial auto insurance in Delaware must at least cover liability and personal injury protection. But your business can customize its policy to include more types of coverage if you desire.
The average cost of a commercial auto insurance policy in Delaware is $204 monthly. But your policy may vary in cost depending on various factors, including how many vehicles your business needs to insure and its exact location.
Delaware independent insurance agents can pull quotes and shop and compare policies from multiple commercial vehicle insurance carriers in your area. They'll ultimately get you matched to a policy that offers the best blend of coverage and cost. Better yet, your agent can help your business file claims down the road and update your coverage as necessary.
https://www.insureon.com/small-business-insurance/commercial-auto/delaware/