Gadsden Commercial Vehicle Insurance

Where to connect with a licensed agent

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 the third-highest commercial truck fatalities in the nation. There are 111 large trucks involved in fatal crashes per year in the state. When you own a business in Gadsden, AL, commercial vehicle insurance is a requirement. 

An independent insurance agent will be able to help with coverage at an affordable rate. Since they work on your behalf at no cost, you'll have an expert's opinion for free. Get connected with a local adviser for customized commercial vehicle quotes. 

What Is Commercial Vehicle Insurance?

When a commercial auto accident occurs, your business could face thousands of dollars in legal fees. Without proper commercial auto protection, you could be responsible for a loss out of pocket. When you want to avoid a major hit on your bottom line, review your business coverages. 

Commercial vehicle insurance is a required policy in the state of Alabama. When you own a business that uses company vehicles in Gadsden, you'll need to provide evidence of insurance. Exact limits are necessary to comply with state and federal laws. 

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

Your Gadsden, AL, commercial vehicle insurance costs will depend on various factors. Operations you are running, and safety measures taken will play a role in premiums as well. Check out the risk factors that carriers use to determine your pricing.

  • Year, make, and model of all vehicles
  • 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

Insurers will take the above information to rate your commercial auto policy accordingly. They will use things like insurance scores and claims history for all business insurances across the board. When you're looking for an affordable rate, shop with multiple carriers. 

Why Do Gadsden, AL, Businesses Need Commercial Vehicle Insurance?

In Gadsden, AL, commercial vehicle insurance is not only mandatory, but necessary to avoid a lawsuit. The Alabama Highway Safety Office has a drive safe initiative to keep roadway fatalities at a minimum. 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.
  • Friday is when most accidents occur in Alabama.

Every state will have a clear set of guidelines when it comes to insurance policies that are regulated. Gadsden, AL, has minimum limits of liability for every commercial vehicle policy. When you're obtaining coverage, be sure to take a look at local and federal requirements. 

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

In Gadsden, AL, it is required to have the mandated limits of liability. Most commercial vehicle policies will fall under the standard guidelines. Other heavy trucks and tractors will have to follow the Department of Transportation (DOT) regulations.

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

When you're business uses commercial autos to cross state lines, there may be more coverage necessary. Take a look at the state and federal guidelines to see where your policy coverages lie. If you're unsure where to begin, consult with a commercial vehicle insurance expert.

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

In Gadsden, AL, the minimum limits of liability are required to drive, but optional coverages are a la carte. If you want protection for your vehicles and more, it will have to be added separately. To better insure your assets and get replacement or repair, take a look below:

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.

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

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.

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. 

Why Work with an Independent Agent in Gadsden, AL?

Commercial vehicle insurance for your Gadsden, AL, business needs to meet state requirements. Accuracy and legal limits should be considered when quoting your policy. To get the correct commercial auto insurance, consult with a professional. 

An independent insurance agent knows the state and federal laws concerning commercial vehicle coverage. Since they have access to several markets, you'll get options on policy and price. Connect with a local expert to get started in minutes. 

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