Florida Commercial Vehicle Insurance
Get a complete analysis of Florida commercial vehicle insurance costs, coverages & companies.
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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 Florida
From fender benders to major collisions, commercial vehicle accidents can be particularly expensive. Luckily, Florida business owners who have company-owned vehicles can protect their business finances with a commercial vehicle insurance policy. This coverage can help reimburse your business for the cost of lawsuits, accidents, and other disasters involving company vehicles.
A Florida independent insurance agent can help your business get the right commercial auto insurance. They'll get you matched to the best policy for your unique company. But up first, here's a closer look at Florida commercial auto insurance requirements and more.
Best Commercial Vehicle Insurance Companies in Florida
When it's time to get the best commercial auto insurance in Florida, it's helpful to know which carriers have it. That's why we've included some of the best commercial vehicle insurance companies in Florida for you. Start by looking into the coverage offered by these top-rated carriers.
- Travelers: This insurance company offers commercial auto insurance and several other kinds of business and personal insurance. Travelers also has excellent AM Best and Better Business Bureau (BBB) ratings and many coverage discounts.
- Liberty Mutual: This insurance company also offers commercial vehicle insurance and many other types of business and personal insurance. Liberty Mutual is a Fortune 500 company that offers 24/7 claims reporting and has outstanding ratings from AM Best and the BBB.
- EMC Insurance Companies: This insurance company offers commercial vehicle policies and many other types of business insurance. EMC Insurance has outstanding ratings from AM Best and the BBB, great premium rates, and 24/7 customer service availability.
An independent insurance agent in Florida can help you compare policy options and rates from these outstanding carriers and more in your area.
What Commercial Vehicle Insurance in Florida Can Cover
Commercial auto insurance in Florida often includes several types of coverage. You'll browse the following coverage options together with your independent insurance agent:
- Collision insurance: Pays for damage to your car from a collision with another driver, regardless of fault.
- Liability insurance: Pays for the costs of causing property damage or bodily injury to a third party with a company vehicle.
- Comprehensive insurance: Pays for damage to your car due to a non-collision event such as a flood or theft.
- Personal injury protection: This includes medical payments coverage with the added benefits of lost wage replacement and certain other expense coverage.
- Medical payments insurance: Pays for the costs of medical treatment if an employee or company driver or their passengers get injured in an accident while using a company vehicle for business purposes.
- Uninsured/underinsured motorists insurance: Pays for costs associated with accidents involving other drivers who don't carry enough or any car insurance of their own to pay for their portion of the expenses.
Your business needs commercial auto insurance to complete Florida's commercial vehicle registration properly. A Florida independent insurance agent can help your business get the coverage it needs today.
How Much Commercial Vehicle Insurance Is Required in Florida?
Florida has its own set of coverage requirements for commercial auto insurance, just like any other state. In Florida, a business with company-owned vehicles must be equipped with the following coverage:
- Property damage liability insurance: Coverage of at least $10,000 per accident of property damage liability insurance is required for businesses with company vehicles in Florida.
- Personal injury protection insurance: Coverage of at least $10,000 in personal injury protection insurance is required for businesses with company vehicles in Florida.
Florida's commercial vehicle enforcement policy could mean that a business without the required commercial auto coverage can face fines or other penalties. That's why it's critical to get your business set up with at least the state's minimum mandated amount of this coverage.
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What Commercial Vehicle Insurance in Florida Won't Cover
Commercial vehicle insurance doesn't cover every aspect of your business. You'll want to make sure your business insurance policy includes business interruption insurance to protect against losses during temporary company closures due to covered perils. Your business also needs the right amount of commercial property insurance to protect against theft, loss, damage, or destruction to other types of company property, such as its buildings or inventory. Additionally, you shouldn't expect Florida commercial auto insurance to cover any of the following:
- Damage to or destruction of company-owned vehicles from environmental pollutants
- Accidents and other company-owned vehicle incidents caused by drivers who were intoxicated
- Employee workplace injuries and illnesses, which are instead covered by workers' compensation
- Intentional harm or property damage to third parties caused by company drivers or other employees
Your Florida independent insurance agent can help you find the specific coverage exclusions listed in your business's commercial auto policy.
Average Cost of Commercial Vehicle Insurance in Florida
Commercial vehicle insurance costs an average of $266 per month in Florida. But the cost of your business's policy can vary based on the following:
- The driving records of all company drivers
- The types and amounts of coverage your business needs
- The location, size, and annual revenue of your business
- The number of company vehicles your business owns
- Where, how, and how often company vehicles are used
- Your business's claims history
An independent insurance agent in Florida can help you find the best commercial auto insurance rate for your business.
Popular Questions about Florida Commercial Vehicle Insurance
You might need commercial auto insurance in Florida if your business uses company vehicles. Failure to secure the required coverage can result in penalties for your business.
Florida's state law requires commercial auto insurance for businesses with company-owned vehicles. Businesses with mobile operations, that make deliveries, or otherwise rely on company vehicles must have this coverage.
In Florida, commercial auto insurance must include at least personal injury protection and property damage liability. Your business may choose to add bodily injury liability and other types of coverage to its policy.
Florida requires the following types and amounts of commercial auto coverage for applicable businesses:
- Property damage liability insurance: Coverage of at least $10,000 per accident of property damage liability insurance is required.
- Personal injury protection insurance: Coverage of at least $10,000 in personal injury protection insurance is required.
Yes, commercial vehicle insurance is tax-deductible in Florida. Your business may claim the cost of its commercial vehicle insurance as a business expense.
In Florida, commercial vehicle insurance covers property damage liability and personal injury protection. However, you can customize your business's policy to include more types of protection, such as collision or comprehensive coverage, too.
In Florida, commercial auto insurance typically costs $266 per month. An independent insurance agent can help you find the best available rate near you.
Florida 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.
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