Georgia Commercial Vehicle Insurance
Get a full analysis of Georgia 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 & Companies in Georgia
If you run a business in Georgia that uses company vehicles to make deliveries, transport goods, or for another business purpose, you'll need a commercial vehicle insurance policy. With commercial vehicle insurance, your business can be shielded against possibly devastating losses related to incidents involving company vehicles. A commercial auto insurance policy can help cover expenses related to liability, injuries, and more.
A Georgia independent insurance agent is a great ally in helping your business find the right coverage. They'll get your business set up with the best possible commercial vehicle coverage at an affordable rate. For starters, though, here's a closer look at Georgia commercial vehicle insurance requirements and more.
Best Commercial Vehicle Insurance Companies in Georgia
When it's time to find the right coverage for your company vehicles, you'll want to look at only the best commercial auto insurance companies in Georgia. That's why we've put together this list of some top-rated companies that sell commercial vehicle insurance in Georgia for you. Start your coverage journey by comparing coverage from these excellent insurers.
- EMC Insurance Companies: EMC Insurance offers commercial vehicle insurance and many other types of business insurance. The insurance company has outstanding ratings from AM Best and the Better Business Bureau (BBB), offers affordable policy rates, and provides 24/7 customer service.
- Nationwide: Nationwide is a well-established carrier that offers commercial auto insurance and many other types of personal and business coverage. The insurance company has excellent ratings from AM Best and the BBB and offers 24/7 claims reporting.
- Travelers: Travelers is another well-established carrier that offers commercial vehicle policies and many other types of personal and business insurance. The insurance company has outstanding AM Best and BBB ratings, provides numerous discount options, and has great customer feedback.
- Westfield: Westfield dates all the way back to 1848 and offers commercial vehicle policies and several other kinds of business and personal insurance products. The insurance company is one of the largest carriers in the US and has outstanding ratings from AM Best and the BBB.
A Georgia independent insurance agent can compare commercial vehicle insurance policies from each of these outstanding carriers for your business.
What Commercial Vehicle Insurance in Georgia Can Cover
A commercial vehicle policy for your business must satisfy Georgia's minimum coverage requirements. Look for the following types of coverage in a commercial auto insurance policy in Georgia:
- Liability insurance: This pays for expenses related to property damage or bodily injury to a third party that you cause with a company vehicle.
- Collision insurance: This pays for damage to your car from a collision with another driver, regardless of fault.
- Comprehensive insurance: This pays for damage to your car due to a non-collision event, such as a flood or theft.
- Medical payments insurance: This pays for expenses related to necessary medical treatments 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: This pays for expenses 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.
Your business needs the right commercial auto insurance in order to fully complete Georgia commercial vehicle registration. An independent insurance agent in Georgia can help your business get a policy that satisfies Georgia's requirements.
How Much Commercial Vehicle Insurance Is Required in Georgia?
Georgia commercial vehicle regulations are a critical component for business owners to be familiar with. If your business uses company vehicles, it must have the following types and amounts of coverage by Georgia state law:
- 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 Georgia.
- Property damage liability insurance: Coverage of at least $25,000 per incident of property damage liability coverage is required for businesses with company vehicles in Georgia.
This breaks down to basic commercial auto insurance requirements of 25/50/25 in Georgia. Note that Georgia commercial vehicle enforcement helps ensure that your business satisfies state law for coverage. Otherwise, if your business fails to meet these requirements, it could get hit with fines or other Georgia state penalties.
What Commercial Vehicle Insurance in Georgia Will Not Cover
Your Georgia commercial auto insurance comes with certain exclusions that are necessary to be aware of. Be on alert that your policy won't typically cover any of the following:
- Employee injuries that can be covered by a workers' compensation policy
- Accidents caused by a company driver or employee who was intoxicated
- Damage to company vehicles from environmental pollutants
- Intentional damage or injuries caused by company drivers and employees who use company vehicles
Ask your Georgia independent insurance agent to help you review your business's commercial auto policy so you can be aware of its specific coverage exclusions.
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Average Cost of Commercial Vehicle Insurance in Georgia
In Georgia, commercial auto insurance rates average just under $150 monthly. However, a few different factors can affect these costs, including:
- Your business's size, annual revenue, and location
- The kind of coverage you choose
- How often the company vehicles are used
- The driving history of your employees who use company vehicles
- Your business's prior claims history
An independent insurance agent in Georgia can help your business get set up with the right policy at the best possible rate.
Popular Questions about Georgia Commercial Vehicle Insurance
If your business uses company vehicles for work purposes in Georgia, yes, you'll need commercial auto insurance. All business vehicles must be adequately covered by state law.
State law in Georgia requires businesses to cover their company vehicles with commercial auto insurance. Businesses that use company vehicles to make deliveries, transport goods, or for other business purposes must have this coverage.
Georgia commercial auto insurance must include bodily injury liability and property damage liability at a minimum. You can customize your business's commercial auto insurance policy as you choose, however, as long as it satisfies these requirements.
Businesses in Georgia with company vehicles must have at least the following types and amounts of commercial auto insurance:
- 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 $25,000 per incident of property damage liability coverage is required.
Businesses can deduct their commercial vehicle insurance premiums from their total taxable income. So yes, commercial vehicle insurance is tax-deductible in Georgia.
In Georgia, commercial auto insurance covers at least bodily injury and property damage liability. But your business's policy can be fleshed out to include additional protections like uninsured motorist coverage, personal injury protection, and others.
In Georgia, commercial auto insurance costs an average of just under $150 per month. An independent insurance agent can help you find the most affordable rates for coverage near you.
Georgia 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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