Alabaster Commercial Vehicle Insurance

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Alabama Commercial Vehicle Insurance

Alabama has over 2,955,000 commercial truck registrations alone. With the heavy and tractor-trailer truck drivers having the most fatalities per year. If you own a business in Alabaster, AL, your company's commercial vehicle policies will need to meet local and sometimes federal requirements.

An independent insurance agent can quote your commercial vehicle insurance with multiple carriers. In order to comply with state guidelines, your business may need a professional's opinion. Connect with an adviser in minutes to discuss policy options.

What Is Commercial Vehicle Insurance?

In Alabaster, AL, commercial vehicle insurance will cover your liability and physical damage when an accident occurs. If you have employees that utilize company vehicles, commercial vehicle insurance will need to list them as drivers. While on the road, your drivers have to supply proof of insurance. 

A commercial vehicle policy will protect not only your vehicles and drivers but your bottom line. Each state will have a set limit of insurance that needs to be followed for company vehicles. To meet mandatory guidelines for commercial auto insurance, you'll need to know what's required. 

Why Do Alabaster, AL, Businesses Need Commercial Vehicle Insurance

In Alabaster, AL, commercial vehicle insurance is required by law. The Alabama Highway Safety Office has a drive safe initiative to help road goers be more aware. According to their reports, these are some Alabama statistics.

  • In Alabama, almost 56% of road fatalities did not wear seat belts.
  • 49% of all Alabama road fatalities occurred at night, including dusk and dawn.
  • In Alabama, most fatal crashes occur on a Saturday.
  • 111 large trucks involved in fatal crashes per year.

When it comes to commercial vehicle insurance, there are different limits required depending on your business. It can be challenging to tell what category your commercial auto policy falls. A licensed adviser can help your company decipher coverage options.

What Are the Commercial Vehicle Coverage Requirements in Alabaster, AL?

Alabaster, AL, requires your business to carry the state limits of liability for commercial vehicles. The majority of commercial autos insured will be required to have the standard minimum liability limits. If your company operates heavy trucks and tractors, you'll have to follow the Department of Transportation (DOT) guidelines.

Alabama's minimum liability requirements for commercial vehicles

  • $25,000 property damage liability per accident
  • $50,000 bodily injury liability per accident
  • $25,000 bodily injury liability per person

Alabama's DOT minimum liability requirements for oversized vehicles / loads

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $300.000 property damage liability per accident
  • $1,000,000 if a combined single limit policy

If you are accustomed to driving your commercial vehicles out of state, other insurance could be required. Your business may need to meet local and federal guidelines. Get with an expert to determine which policy adequately insures your business. 

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What Else Does Alabaster, AL, Commercial Vehicle Insurance Cover?

Commercial vehicle liability coverage is mandated in Alabaster, AL. Other policy coverages are optional. When you own a valuable asset, it's essential to have the right policy in place. To better insure your vehicles for replacement or repair, take a look below:

Comprehensive insurance: This covers the cost to repair or replace your commercial vehicle if it is lost or damaged due to a non-collision accident.

Collision insurance: This will replace or repair your commercial auto that is damaged due to an accident.

Towing and roadside assistance: This will pay for a tow to pick up your disabled commercial auto. 

Uninsured motorist insurance:  If your commercial auto is involved in an accident with an uninsured driver, this provides coverage for property damage and medical costs.

Non-owned or hired auto liability insurance: If an employee or contractor uses a non-company-owned vehicle while doing business on your behalf, this will cover your exposure.

Rental car insurance: This covers the cost of renting a commercial vehicle while your company-owned auto is being repaired.

How Much Does Commercial Vehicle Insurance Cost in Alabaster, AL?

Commercial vehicle insurance in Alabaster, AL, will be priced by numerous factors. Some items you'll be able to improve for better premiums. Check out the risk factors that carriers use to determine your pricing.

  • Year, make, and model of all vehicles
  • Weather-related losses in the state
  • Your business's loss history
  • The radius in which you travel
  • The number of drivers and their motor vehicle records
  • What the vehicles are used for
  • The coverage you choose
  • Where you store the vehicles
  • What safety measures you have in place
  • The time of day or night these vehicles are driven

Insurance companies will look at your insurance score and experience level as well. In addition to these risk factors, the price will depend on your safety practices. The more proactive your company is, the better rates you'll be given.

Why Work with an Independent Agent in Alabaster, AL?

Commercial vehicle insurance in Alabaster, AL, can be tricky if you're not a licensed professional. There are specific criteria that must be met on a state and federal level to comply with regulations. If you're found lacking proper coverage, you could be penalized or worse. 

Fortunately, an independent insurance agent can help. They have access to several carriers, giving your business the best chance at affordable premiums. When you work with an independent agent, they do the shopping for you at zero cost. Get connected with a local adviser and start saving.

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