Texas Commercial Vehicle Insurance
Get a complete analysis of Texas 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 Texas
Since Texas is the largest state in the lower 48, many business employees and owners frequently travel significant distances for their operations. Texas commercial vehicle insurance can help your business get reimbursed for incidents involving company vehicles, such as lawsuits and accidents. In fact, having a certain amount of coverage is required by the state.
A Texas independent insurance agent can get your business set up with all the commercial auto insurance required. They'll make sure your policy includes each type of coverage necessary. But for starters, here's a deep dive into Texas commercial auto insurance, including what it covers and more.
Best Commercial Vehicle Insurance Companies in Texas
For your business to get equipped with the best commercial auto insurance in Texas, you need to know which carriers are at the top of the pack. Here are a few of our top recommendations for the best Texas commercial vehicle insurance companies.
- Liberty Mutual: Liberty Mutual sells commercial auto insurance and many 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).
- Progressive: Progressive sells commercial auto insurance and many other personal and business products. The insurance company has solid financial strength ratings and offers 24/7/365 customer service.
- Nationwide: Nationwide sells commercial auto insurance and many other personal and business products. The insurance company has outstanding ratings from AM Best and the BBB and provides 24/7 claims reporting.
An independent insurance agent can help your business satisfy Texas commercial vehicle regulations through an adequate commercial auto insurance policy. They can shop and compare policies and quotes from these top-rated carriers and more.
What Commercial Vehicle Insurance in Texas Can Cover
Commercial auto insurance in Texas usually includes a few different forms of protection. Expect to browse the following coverage options when building your business's commercial auto insurance policy:
- Collision insurance: This covers the costs of damage to your business vehicles from a collision with another driver, regardless of fault.
- Liability insurance: This covers the costs of property damage or bodily injury your business causes a third party with a company vehicle.
- Comprehensive insurance: This covers the costs of damage to your business vehicles due to a non-collision event such as a flood or theft.
- 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
- 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.
- Personal injury protection: Covers costs such as medical payments, lost wage replacement, and certain other expense coverage.
Note that Texas commercial vehicle registration requires all businesses with company vehicles to have the proper insurance. A Texas independent insurance agent can help your company get equipped with all the required business auto insurance.
How Much Commercial Vehicle Insurance Is Required in Texas?
The state of Texas mandates a certain amount of commercial auto insurance for each affected business. The requirements for commercial vehicle insurance in Texas are as follows:
- Bodily injury liability insurance: Coverage of at least $30,000 per person and $60,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Texas.
- 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 Texas.
Business owners should be aware that Texas commercial vehicle enforcement may impose fines or other penalties on businesses that fail to secure the mandated types and amounts of business auto coverage.
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What Commercial Vehicle Insurance in Texas Will Not Cover
Knowing what your commercial auto insurance policy excludes is just as critical as understanding what it covers. In Texas, don't expect commercial auto insurance to cover any of the following:
- Intentional damage or injuries caused by company drivers
- Employee injuries or illnesses that are covered by a workers compensation policy
- Damage to company vehicles from environmental pollutants
- Theft, damage, or destruction of company property that falls under commercial property insurance
- Accidents caused by intoxicated company drivers
An independent insurance agent in Texas can help your company secure any additional business insurance coverages needed to complete its protection.
Average Cost of Commercial Vehicle Insurance in Texas
In Texas, commercial vehicle insurance costs an average of just under $150 monthly. The cost of your business's coverage can vary, depending on how many vehicles need to be insured, your business's annual revenue and location, and other factors. A Texas independent insurance agent can help you find the right price for commercial auto insurance in your area.
Popular Questions about Texas Commercial Vehicle Insurance
Your business might need commercial auto insurance if it uses company vehicles. Texas requires these businesses to be covered by commercial vehicle insurance.
Yes, Texas law requires businesses with company vehicles to have commercial auto insurance. If your business makes deliveries or otherwise relies on company vehicles, it must have this coverage.
In Texas, commercial auto insurance plans come with at least bodily injury and property damage liability. However, your business may decide to add more types of protection to its plan.
Texas state law requires at least the following types and amounts of commercial auto insurance coverage:
- Bodily injury liability insurance: Coverage of at least $30,000 per person and $60,000 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.
Commercial vehicle insurance premiums may be deducted as a business expense in Texas. The cost of your business's commercial auto insurance is considered tax-deductible.
Texas commercial vehicle insurance covers at least liability in two forms. But your business may choose to add more types of coverage, such as collision or uninsured motorist, to its policy for extra protection.
In Texas, commercial vehicle insurance costs an average of just below $150 monthly. However, many factors can potentially influence these costs, such as the number of company vehicles you have.
A Texas independent insurance agent 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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