Fort Payne Commercial Vehicle Insurance

How to connect with a professional in town

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for on a continuous basis and is here with the facts about all your insurance inquiries.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Alabama Commercial Vehicle Insurance

Alabama has 2,955,000 commercial truck registries annually. Fort Payne is a smaller town in the state, with just 14,071 residents. When you own a business in Fort Payne, AL, you may be required to follow state guidelines and obtain commercial vehicle insurance. 

An independent insurance agent has a commercial auto policy that will fit within your budget. Since coverage is mandatory to use the roadways, you'll need a policy that complies with local law. Get connected with a professional for customized quotes. 

Why Do Fort Payne, AL Businesses Need Commercial Vehicle Insurance?

Fort Payne, AL, requires all businesses with commercial autos to carry insurance. In addition to local limits of coverage, the Alabama Highway Safety Office has a drive safe initiative for residents. According to their reports:

  • In Alabama, about 57% of road fatalities did not wear seat belts.
  • 51% of all Alabama road fatalities occurred at night, including dusk and dawn.
  • In Alabama, most fatal crashes occur on a Saturday
  • Friday is when most accidents occur in Alabama
  • A road accident in Alabama occurs every 197 seconds

When your business uses heavy trucks and tractor-trailer trucks to drive across state lines, you'll have the below responsibilities:

  • Your commercial vehicle policy will need to meet Alabama and federal laws.
  • Materials hauled will need to be accounted for by the Department of Transportation (DOT) and your insurance carrier.

What Are the Commercial Vehicle Coverage Requirements in Fort Payne, AL?

Fort Payne, AL, follows the state guidelines when it comes to commercial vehicle insurance. If you have business autos, you'll be required to carry the minimum limits of liability. Check out the state's requirements below:

Alabama 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 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're hauling things that are deemed hazardous, you'll be required to carry cargo insurance at a higher price. Since there is a chance that spillage could occur, the carriers will have to charge according to your materials. Cargo coverage can be quoted at the same time as your commercial auto insurance.

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What Else Does Fort Payne, AL Commercial Vehicle Insurance Cover?

Liability coverage is automatically included in your commercial auto policy. In Fort Payne, AL, you'll need to add any additional coverage items for adequate protection. Take a look at the optional coverage choices below:

  • Rental car insurance: This covers the cost of renting a commercial vehicle while your company-owned auto is being repaired.
  • 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.
  • Collision insurance: This will replace or repair your commercial auto that is damaged due to an accident.
  • 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.
  • 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.

How Much Does Commercial Vehicle Insurance Cost in Fort Payne, AL?

Many items can impact your insurance premiums in Fort Payne, AL. Typically, your commercial auto expense will be roughly 5% of your business costs. Check out the risk factors that companies use to determine your pricing below:

  • Year, make, and model of all vehicles
  • The radius in which you travel
  • The number of drivers and their driving 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

Commercial vehicle insurance is rated by the above items as well as outside exposures. Things like local crime, weather, and industry statistics will affect your costs. The best way to know your exact pricing is by getting numerous quotes from a licensed adviser.

Why Work with an Independent Agent in Ft. Payne, AL?

Your business's insurance policies can determine your future success. If you are without proper coverage, it could cause financial ruin. To avoid a large out-of-pocket expense or worse, consult with a trusted adviser. 

An independent insurance agent knows the ins and outs of state-mandated policies and can help. Since they work with multiple carriers, you'll have options. Connect with a local expert on TrustedChoice to get the best pricing. 

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