Kentucky Commercial Vehicle Insurance
Get a full analysis of Kentucky 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 Kentucky
No matter what type of business you run, if your company uses vehicles to make deliveries or for other work purposes, it needs commercial vehicle insurance. A Kentucky commercial vehicle insurance policy can help protect against costs related to liability, physical damage to the vehicles, and more. Having coverage may mean the difference in your business being able to afford repairs or replacements for company vehicles and not having this ability.
A Kentucky independent insurance agent can help your business get equipped with all the commercial vehicle insurance it needs. They'll get you matched to the right policy at an affordable price. But first, here's an overview of commercial auto insurance in Kentucky.
Best Commercial Vehicle Insurance Companies in Kentucky
There are many different commercial auto insurance companies in Kentucky. While you could likely get a policy from many of them, you want your business to be equipped with top-quality coverage. That's why we've assembled this list of our top picks for commercial auto insurance in Kentucky for you. Start by checking into these outstanding carriers.
- Liberty Mutual: Liberty Mutual has a long history in the insurance industry and offers many types of personal and business insurance products, including commercial vehicle insurance. Liberty Mutual is a Fortune 500 company that offers 24/7 claims reporting and holds excellent ratings from AM Best and the Better Business Bureau (BBB).
- Progressive: Progressive has outstanding official ratings and offers a large catalog of coverages for individuals and businesses, including commercial auto insurance. Progressive is known for its solid financial strength and offering 24/7/365 customer service.
- Travelers: Travelers has been in the insurance industry for a long time and offers many different coverage options for individuals and businesses, including commercial auto insurance. Travelers has excellent ratings from AM Best and the BBB, as well as excellent customer feedback and many discount options.
- EMC Insurance Companies: EMC Insurance is known for offering many essential business coverages, including commercial auto insurance. EMC has excellent ratings from AM Best and the BBB and is known for its affordable coverage rates and offering 24/7 claims reporting.
A Kentucky independent insurance agent can help you find the right commercial vehicle insurance policy for your business from one of these excellent carriers near you.
What Commercial Vehicle Insurance in Kentucky Can Cover
Business vehicles in Kentucky must be protected by at least the state's mandated minimum liability coverage. Without enough coverage, your business could be held liable for costs associated with accidents or lawsuits and may have to endure state penalties like fines or suspension of business operations. Here are some of the main components included in most Kentucky commercial auto insurance policies:
- Liability insurance: Pays for costs related to bodily injuries or personal property damage to third parties caused by a company vehicle.
- Collision insurance: Pays for damage to your car from a collision with another driver, regardless of fault.
- Comprehensive insurance: Pays for damage to your car due to a non-collision event such as a flood or theft.
- Medical payments insurance: Pays for medical expenses if a driver or their passengers get injured in an accident while using a company vehicle, regardless of who was at fault.
- Uninsured/underinsured motorists insurance: Pays for costs of accidents and other incidents involving another driver who doesn't carry any or adequate auto insurance of their own to cover the expenses they're responsible for or costs related to hit-and-run accidents.
Having adequate commercial auto insurance is a critical part of Kentucky commercial vehicle registration. An independent insurance agent in Kentucky can help you build a robust commercial auto insurance policy for your business.
How Much Commercial Vehicle Insurance Is Required in Kentucky?
Kentucky commercial vehicle regulations should be familiar to any business owner in the state. By Kentucky state law, all commercial vehicles must be covered by at least the following types and amounts of coverage in a commercial auto insurance policy:
- Bodily injury liability insurance: At least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required for businesses in Kentucky.
- Property damage liability insurance: At least $25,000 per incident of property damage liability coverage is required for businesses in Kentucky.
- Personal injury protection (PIP): At least $10,000 in personal injury protection coverage is required for businesses with vehicles in Kentucky.
The basic commercial auto coverage requirements for businesses in Kentucky are 25/50/25 and $10,000 for PIP coverage. Kentucky commercial vehicle enforcement exists to ensure that your business carries at least the state's mandated minimum coverage amounts for all company vehicles to avoid state penalties.
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What Commercial Vehicle Insurance in Kentucky Will Not Cover
You'll find that your Kentucky commercial auto insurance policy comes with its own set of exclusions, just like any other kind of insurance. Your commercial vehicle insurance in Kentucky will typically not cover the following:
- Injuries covered by a workers' compensation policy
- Damage to company vehicles from pollutants
- Intentional property damage or injuries caused by employees or company drivers
- Accidents caused by an employee or other company driver who was intoxicated
Your Kentucky independent insurance agent can help you review your commercial vehicle insurance policy so you know exactly what's excluded.
Average Cost of Commercial Vehicle Insurance in Kentucky
You can expect an average cost of $147 per month for a commercial vehicle insurance policy in Kentucky. But understand that the cost of your specific business's policy may vary based on the following factors and more:
- The driving history of employees who use company vehicles
- Your business's location, size, and annual revenue
- The type and amount of coverage chosen
- The type and amount of vehicles insured
- The policy's deductible amount
A Kentucky independent insurance agent can help you get your business set up with the most affordable commercial auto coverage available.
Popular Questions about Kentucky Commercial Vehicle Insurance
If your business uses vehicles for work purposes, you are required to have commercial auto insurance in Kentucky. Not having adequate coverage can result in harsh penalties like fines, suspended business operations, etc.
Yes, commercial auto insurance is required by law in Kentucky if your business uses company vehicles for work purposes. If your business fails to secure at least the state's minimum mandated coverages, it could be subject to penalties.
Commercial auto insurance in Kentucky must at least include coverage for bodily injury and property damage liability, as well as personal injury protection. However, you can customize your business's policy to include extra coverages according to your specific needs.
In Kentucky, you need at least the following types and amounts of commercial auto insurance:
- Bodily injury liability insurance: At least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required.
- Property damage liability insurance: At least $25,000 per incident of property damage liability coverage is required.
- Personal injury protection: At least $10,000 in personal injury protection coverage is required.
Yes, businesses in Kentucky can claim commercial vehicle insurance as a business expense. The premiums paid for commercial auto policies can be deducted from a Kentucky business's total taxable income.
Kentucky commercial auto insurance includes liability coverage and personal injury protection. You may choose to add additional coverage to your policy, such as collision, comprehensive, uninsured motorist, and others.
Commercial auto insurance costs an average of $147 per month in Kentucky. An independent insurance agent can help you find the most affordable policy.
Kentucky independent insurance agents have access to multiple commercial auto insurance companies in your area, so they know where to find the best, most affordable coverage. They'll present you with quotes for the policies that best meet your business's coverage needs at the right price.
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