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Commercial Auto Insurance, Texas

Commercial Auto Insurance, Texas

Protect Your Business with Commercial Auto Insurance

A Commercial Auto Insurance policy protects your vehicles from physical damage and liability coverage for amounts, situations, and usage not covered by a personal auto policy. 

This type of business insurance covers various vehicles and is also referred to as commercial car insurance, truck insurance, or fleet insurance. 

When it comes to buying a commercial policy, the Thumann Agency works with over 80 top-rated insurance companies and can quickly tailor a package that meets your needs as well as your budget. 

What You Need to Know About Auto Insurance:

  • What Is Commercial Auto Insurance?
  • Who Needs Commercial Vehicle Insurance?
  • How Much Does Commercial Auto Insurance Cost?
  • What Does Commercial Auto Insurance Cover?
  • Is Commercial Auto Insurance Cheaper Than Personal?
  • Are Trailers Covered Under Commercial Auto Insurance?
  • Can You Write Off Commercial Auto Insurance?
  • Does Commercial Auto Insurance Cover Rental Cars?
  • How To Get Commercial Auto Insurance

What Is Commercial Auto Insurance?

Commercial auto insurance provides coverage for any damages and injuries sustained by you or your employees while operating your company's vehicles during normal business hours up to your policy limits. In almost every commercial auto insurance policy, the following elements include:

  • Physical damage - collision and comprehensive coverage
  • Collision: Damage if you hit another vehicle, another vehicle collides with you, or your vehicle rolls over. The fault does not matter.
  • Comprehensive: Damage from other causes such as theft, flood, vandalism, earthquakes, fire, or animal.
  • Liability - this can be bodily injury, property damage, uninsured motorist, and underinsured motorist.
  • Other - items unrelated to the damage of the vehicle such as medical payments, towing and labor, rental reimbursement, and auto loan or lease gap coverage

Suppose the operation of vehicles of any type (car, SUV, truck, van, bus, semi-truck, etc.) is a necessary part of your business. In that case, commercial auto insurance is essential to ensure that you, your employees, your products, your vehicles, and your business as a whole are secure.

Who Needs Commercial Vehicle Insurance?

Just as an individual who operates a motor vehicle is required to have auto insurance, businesses that utilize vehicles during their company's regular operation need to invest in thorough and comprehensive commercial vehicle insurance to ensure the safety and security of their employees and products. These businesses include:

  • Freight companies
  • Independent contractors who drive during their work hours
  • Any business that transports goods or makes deliveries
  • Limo services, bus companies, taxi services, and other transportation services

At Thumann Agency, we have been insuring businesses in Dallas, Texas, for over 22 years, and our agents would be happy to discuss a custom insurance quote for your company. Your business vehicles are a vital aspect of your company, so it is integral that you keep them, their cargo, and those driving them as safe and secure as possible with commercial vehicle insurance.

How Much Does Commercial Auto Insurance Cost?

The commercial vehicle insurance needs of one business may not be the same as those of another, so the Thurmann Agency will create an insurance plan that reflects your business' specific requirements. As such, the cost of your insurance plan may vary from other companies. The cost of our commercial auto insurance plans depends on a few different factors, including how much coverage you need. Other factors that affect the cost of business auto insurance include:

  • Vehicle make, year, and model 
  • How much you paid for it
  • The vehicle weight
  • Driving records
  • What the vehicle is being used for
  • Claims history
  • Coverage options, including limits and deductibles
  • Number of commercial vehicles being insured

When you contact the Thumann Agency, our experienced agents will listen to your needs, analyze your situation, and recommend a plan that suits your company's requirements. We will also make sure you understand everything covered, additional options that can be attached to your plan, and the relevance to your business of having the type of insurance coverage we are recommending.

What Does Commercial Auto Insurance Cover?

A commercial auto insurance policy provides many of the same coverage as car insurance for individuals, such as: 

Liability Coverage

Liability coverage protects you and your employees by paying for property damage or bodily injury. You become legally liable after a covered accident (the accident is your or your employee's fault). The bodily injury portion pays for medical costs and lost wages associated with the injuries, and liability will also cover legal expenses if a lawsuit is brought against your company because of the accident.

Uninsured and Underinsured Motorists Coverage

It is unfortunate that some drivers on the road either do not have insurance or have insufficient coverage for their needs. If you or one of your employees is involved in an accident with an uninsured or underinsured motorist (and the accident is that motorist's fault), this insurance covers property damage and any bodily injury to you, your employees, or other passengers.

Medical Payments Coverage

There are some cases where medical insurance is unavailable or does not cover the full cost of medical treatments following an auto accident. Medical payments coverage is for hospitalization and medical expenses, up to your coverage limit, for your employees, you, and your passengers resulting from motor vehicle accidents – regardless of who is at fault. This insurance makes sure that everyone who requires medical treatment can receive it and return to life as it was before the accident.

Collision Coverage

If you or an employee were to hit another object or vehicle with one of your company's vehicles or another vehicle hits you, collision covers you for damage to your vehicle regardless of who is at fault. This is subject to your deductible. This may also be a necessity if your vehicles are financed or under a lease, so be sure to check your loan or lease requirements.

Comprehensive Coverage

Comprehensive coverage can help pay for damage to your vehicle from theft, vandalism, weather events, and accidents caused by animals. This is also subject to your deductible. You never know when something unexpected may occur, so it is best to make sure that all of your vehicles are covered no matter what nature or others may have in store for you in the future.

Rental Reimbursement

If your vehicle is in an accident, the damage may take some time to be repaired. This may mean that you will need to find an alternate vehicle to use in the meantime, and rental reimbursement coverage will provide you with a rental car while the repairs are made. We will give you the details of the rental reimbursement if you opt for this coverage to know exactly how long you will have the rental and what type of rental you would be able to get for your business.

Is Commercial Auto Insurance Cheaper Than Personal?

Because there tend to be more vehicles, more drivers, and more risk associated with the vehicles' use when it comes to commercial automobiles, commercial auto insurance tends to be more expensive than personal insurance. Other factors can affect the insurance policy's price, including the size of the business, the type of vehicles being used, and the amount of coverage needed. 

As a business expense, proper auto insurance coverage is undoubtedly an investment that should not be skipped. You never know when the unexpected could happen on the road when transporting your employees or products, so it is best to prepare in advance with the right kind of commercial auto insurance for your company.

Although it is not cheaper than personal auto insurance, the benefits far outweigh the costs. In the event of an accident, you can rest assured knowing that your vehicles, employees, and business are all secured. The continued success of your business may depend on having thorough and comprehensive insurance.

Are Trailers Covered Under Commercial Auto Insurance?

If you have commercial trucking insurance, you should certainly read the policy carefully to find out if the trailer is also covered in the event of an accident. Some insurance policies would not cover the trailer involved in a collision if the truck itself was not damaged. Other policies will cover the trailer, but only if you also own the trailer along with the truck. 

Towing a trailer and having an accident may result in you paying for repairs to the trailer in full since you do not own the trailer. Our experienced insurance representatives are happy to discuss these issues with you and let you know how our insurance coverages can protect your commercial truck and trailer. 

Can You Write Off Commercial Auto Insurance?

In many cases, commercial auto insurance is tax-deductible. For those who are self-employed, the commercial auto insurance premium may be deducted under Schedule C. For those who are employees but are not reimbursed for their mileage and expenses, the 2106 tax form can be utilized. 

It is best to double-check with your accountant or tax adviser for full clarification, and our commercial auto insurance agents can help you find the right coverage for your company's needs.

Does Commercial Auto Insurance Cover Rental Cars?

In general, commercial auto insurance will cover some of the full cost of a rental vehicle. At Thumann Agency, we are happy to check your policy and help you find out how much rental vehicle coverage you have or make sure it becomes a part of your commercial auto insurance policy. Just because your vehicle became involved in an accident, that does not mean that your business should be halted. 

With rental car insurance, you can rest assured knowing that your business will continue as usual, even with an accident's interruption. We will make sure that you can rent a vehicle that suits your company's needs. Don't let your business be put at risk just because of an accident. 

How To Get Commercial Auto Insurance

For over 22 years, the Thumann Agency has been insuring businesses in Dallas, Texas, to ensure their companies are safe and secured. We offer superior coverage at the most competitive prices, and we will ensure that you get the exact coverage you want and need for your business. 

As an independent insurance broker, we work for you, not the insurance companies, which gives us the ability to offer you the best products to protect you and your business. Contact us to find out more about our Dallas commercial auto insurance agency or to request a free, no-obligation quote for your company's auto insurance needs. We look forward to helping your business continue to succeed.


Have questions? Call: (972) 991.9100