Hawaii Commercial Vehicle Insurance
Get a full analysis of Hawaii 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 Hawaii
If your Hawaii business has company-owned cars or trucks, state law mandates that you carry commercial auto insurance. Having the right commercial auto insurance in Hawaii can help your business get important compensation for liability, vehicle damage, and more. Plus, without the proper coverage, your business could be subject to state penalties.
Luckily, an independent insurance agent can help your business find the right amount of Hawaii commercial vehicle coverage. They'll make sure your business complies with state requirements. But up first, here's a behind-the-scenes look at Hawaii commercial vehicle regulations and more.
Best Commercial Vehicle Insurance Companies in Hawaii
When it's time to get your business covered, you'll want to check out some of the best commercial auto insurance companies in Hawaii. That's why we've included a few of our top recommendations for quality coverage in your state. Check out these top-rated Hawaii commercial vehicle insurers to get started.
- Liberty Mutual: Liberty Mutual has a long history in the insurance industry and offers commercial auto insurance and tons of other business and personal products. The insurance company is also a Fortune 500 company that provides 24/7 claims reporting and has outstanding ratings from AM Best and the Better Business Bureau (BBB).
- Travelers: Travelers is another longstanding insurance company that offers commercial vehicle policies and many other types of personal and business insurance. The insurance company has outstanding AM Best and BBB ratings, offers many discounts, and has excellent customer feedback.
- Progressive: Progressive is a top-rated insurance company that offers commercial auto insurance and tons of other personal and business coverages. The insurance company has excellent financial strength and provides 24/7/365 customer service.
A Hawaii independent insurance agent can help your business get covered with top-quality commercial auto insurance from one of these outstanding carriers.
What Commercial Vehicle Insurance in Hawaii Can Cover
Your Hawaii commercial auto insurance policy must protect your company vehicles from many different angles. Here are a few types of coverage to consider adding to your business's policy:
- Liability insurance: Covers costs associated with property damage or bodily injury your business causes a third party with a company vehicle.
- Medical payments insurance: Covers costs associated with medical treatments if a company driver or their passengers get injured in an accident while using a company vehicle for business purposes.
- Personal injury protection: Covers costs including medical payments, lost wage replacement, and certain other expense coverage.
- Uninsured/underinsured motorists insurance: Covers 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.
- Collision insurance: Covers costs associated with any damage to your business vehicles from a collision with another driver, regardless of fault.
- Comprehensive insurance: Covers costs associated with damage to your business vehicles due to a non-collision event such as a flood or theft.
A business must complete Hawaii commercial vehicle registration with the right commercial auto coverage. An independent insurance agent in Hawaii can help your company accomplish this.
How Much Commercial Vehicle Insurance Is Required in Hawaii?
Hawaii commercial auto policies must include certain types and amounts of coverage by state law. Make sure your business's policy includes at least the following:
- Bodily injury liability insurance: Coverage of at least $20,000 per person and $40,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Hawaii.
- 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 Hawaii.
- Personal injury protection: Coverage of at least $10,000 per person of personal injury protection is required for businesses with company vehicles in Hawaii.
Note that Hawaii commercial vehicle enforcement requires your business to have at least these amounts of coverage to avoid fines and other penalties.
What Commercial Vehicle Insurance in Hawaii Will Not Cover
Make sure to understand the exclusions in your company's commercial auto policy. Here are some common coverage exclusions in Hawaii commercial vehicle insurance:
- Intentional damage or injuries caused by company drivers with company vehicles
- Employee injuries that are covered by a workers' compensation policy
- Damage to company vehicles from environmental pollutants
- Accidents caused by company drivers who were intoxicated
Your Hawaii independent insurance agent can help point out the specific exclusions outlined in your business's policy.
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Average Cost of Commercial Vehicle Insurance in Hawaii
The average cost of commercial vehicle insurance in Hawaii is just below $150 per month. But this amount can vary based on the following factors:
- Your business's size, annual revenue, and location
- The kind of coverage included in your policy
- The type and amount of company vehicles that need insurance
- How often all company vehicles are used and where they're driven
- The driving history of any employees who use company vehicles
- Your company's claims history
An independent insurance agent in Hawaii can help your business get set up with an affordable commercial auto policy.
Popular Questions About Hawaii Commercial Vehicle Insurance
Hawaii state law requires businesses with company vehicles to get commercial auto insurance. If your business uses vehicles for business operations or purposes in Hawaii, they must be insured.
Yes, Hawaii state law mandates applicable businesses to be covered by commercial auto insurance. Without this coverage, your business could face state penalties like fines.
In Hawaii, commercial auto insurance must include at least liability coverage and personal injury protection. However, your policy can be built with additional coverages if you choose.
Hawaii state law requires businesses to have at least $20,000 worth of bodily injury liability coverage per person and $40,000 per accident. Property damage liability coverage is required in the amount of $10,000. In addition, personal injury protection of at least $10,000 per person is required.
Your business can deduct its commercial vehicle insurance premiums as business expenses in Hawaii. The cost of your business's commercial auto insurance can be deducted from its total taxable income.
Hawaii commercial auto insurance must cover, by state requirements, at least liability in the form of property damage and bodily injury. Personal injury protection is also required.
In Hawaii, commercial auto insurance costs just below $150 per month on average. But your policy's costs can vary based on your exact location, number of company vehicles that need coverage, and more.
Hawaii independent insurance agents can pull quotes 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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