South Carolina Commercial Vehicle Insurance
Get a complete analysis of South Carolina 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 South Carolina
Businesses in South Carolina need the proper protection for every component of their operations. If your business relies on company vehicles to carry out work tasks, such as to make deliveries, it needs to be equipped with the right commercial auto insurance. Without this coverage, your business could face state penalties such as fines or worse.
Luckily, a South Carolina independent insurance agent can help your business get set up with South Carolina commercial auto insurance. They'll find the right policy for your unique company. First, though, here's a closer look at South Carolina commercial auto insurance requirements and more.
Best Commercial Vehicle Insurance Companies in South Carolina
Your business deserves the best commercial auto insurance in South Carolina, but you might not know where to start looking for coverage. We're hoping to help by offering a few of our top picks for quality commercial vehicle insurance in your area. Start by checking out these outstanding South Carolina commercial auto insurance companies:
- Encova: Encova sells commercial auto insurance and many other forms of business and personal insurance. The insurance company has excellent ratings for financial strength from AM Best and overall from the Better Business Bureau (BBB) and offers 24/7 claims reporting.
- Travelers: Travelers sells commercial auto insurance and many other forms of business and personal insurance. The insurance company also has outstanding ratings from both AM Best and the BBB, numerous discount options, and great customer feedback.
- Liberty Mutual: Liberty Mutual sells commercial auto insurance and many other forms of business and personal insurance. The insurance company is also a Fortune 500 company with outstanding ratings from AM Best and the BBB and provides 24/7 claims reporting.
An independent insurance agent can help your business satisfy South Carolina commercial vehicle regulations by finding the right commercial vehicle insurance policy. They can compare quotes from these carriers and others for you.
What Commercial Vehicle Insurance in South Carolina Can Cover
In South Carolina, you'll likely choose from several types of available coverage to build your business auto insurance policy. Anticipate these options when shopping for commercial auto insurance in South Carolina:
- Comprehensive insurance: This covers the costs of damage to your business vehicles due to a non-collision event such as a flood or theft.
- Liability insurance: This covers the costs of property damage or bodily injury your business causes a third party with a company vehicle.
- Collision insurance: This covers the costs of damage to your business vehicles from a collision with another driver, regardless of fault.
- Medical payments insurance: This covers medical treatments if company drivers or their passengers get injured in an accident while operating company vehicles for business purposes.
- Uninsured/underinsured motorists insurance: This covers the costs of accidents with other drivers who don't carry enough car insurance to cover their responsibility for the damages
Remember that South Carolina commercial vehicle registration isn't complete until your business secures the right coverage for any company vehicle. A South Carolina independent insurance agent can get your business set up with all the commercial auto insurance it needs to fulfill state requirements.
How Much Commercial Vehicle Insurance Is Required in South Carolina?
South Carolina mandates a certain amount of commercial auto insurance for all businesses. Your company must at least carry the following:
- 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 South Carolina.
- 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 South Carolina.
South Carolina commercial vehicle enforcement is something that's important for all business owners to be aware of. If your business fails to properly insure its company vehicles, you could be looking at a forced suspension of business operations, fines, or other possible penalties.
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What Commercial Vehicle Insurance in South Carolina Will Not Cover
Understanding what's not covered by commercial vehicle insurance can be extremely beneficial for South Carolina business owners. Your business auto policy is unlikely to cover any of the following:
- Theft, damage, or destruction of company property that's covered under commercial property insurance
- Employee injuries and illnesses caused by the job or workplace, which are covered under workers' compensation
- Environmental pollutant damage or destruction to business vehicles
- Business vehicle accidents, etc., caused by intoxicated company drivers
- Intentional harm to third parties or their property by company drivers
An independent insurance agent in South Carolina can help your company get set up with a complete business insurance policy that doesn't leave any gaps in coverage.
Average Cost of Commercial Vehicle Insurance in South Carolina
The average cost of commercial vehicle insurance in South Carolina can vary based on many different factors, including your business's size, location, annual revenue, and more. The number of company vehicles you need to insure can also impact your policy's costs.
However, you can expect commercial auto insurance to cost around $150 per month in South Carolina. A South Carolina independent insurance agent can help your business get set up with the most affordable coverage in your area.
Popular Questions about South Carolina Commercial Vehicle Insurance
Yes, you'll need commercial auto insurance for your business in South Carolina. This coverage is necessary for businesses with company vehicles.
South Carolina law requires commercial auto insurance for applicable businesses. This law applies to any companies that rely on company-owned vehicles to complete work operations, such as deliveries.
In South Carolina, commercial auto insurance plans cover at least bodily injury liability and property damage liability. Your business may choose to add more types of coverage to its policy.
In South Carolina, businesses with company vehicles need at least the following coverage:
- 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.
Yes, commercial vehicle insurance premiums are tax-deductible in South Carolina. Businesses can claim their commercial auto insurance as a business expense.
South Carolina commercial auto insurance must at least cover liability. However, your business can choose to add more types of protection, such as collision and comprehensive, to its policy.
In South Carolina, commercial auto insurance costs an average of just under $150 per month. The cost of your business's coverage can vary, however, based on many different factors, such as the size of your company and the number of vehicles it has.
South Carolina independent insurance agents can shop and compare policies from multiple commercial vehicle insurance carriers for you. Ultimately, they'll get your business set up with a policy offering the best overall blend of coverage and cost. Additionally, your agent can help your business file commercial auto insurance claims and update its coverage as necessary.
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