In Alabama, the majority of road fatalities involve heavy and tractor-trailer truck drivers. They are ranked in the top five states to have fatal commercial truck accidents per year. If you own a business in Mobile, AL, you may need commercial vehicle insurance.
An independent insurance agent can help obtain a commercial auto policy at a low price. Because they know the state requirements, you'll have a policy that complies with local law. Connect with an adviser to get tailored commercial vehicle quotes.
Why Do Mobile, AL, Businesses Need Commercial Vehicle Insurance
Commercial vehicle insurance will protect your business's bottom line in Mobile, AL. The Alabama Highway Safety Office has a drive safe initiative to help keep drivers informed. 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.
Commercial auto insurance will cover liability and physical damage when a vehicular accident occurs. This policy will protect your finances and assets from a lawsuit. With the right limits in place, you won't need to pay out of pocket for a loss.
What Are the Commercial Vehicle Coverage Requirements in Mobile, AL?
Your commercial vehicle insurance in Mobile, AL, will be regulated by state and sometimes federal laws. Most vehicles will fall under the standard minimum requirements. Heavy trucks and tractors will 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 your commercial autos drive outside of Alabama, you could be responsible for other federal coverages. When you haul materials, your company is responsible for the damage that could occur when spilled. Carriers rate your policy by how hazardous your load is to transport.
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What Else Does Mobile, AL, Commercial Vehicle Insurance Cover?
Commercial vehicle insurance will come standard with minimum limits of liability, and that's pretty much it. If you want coverage for your Mobile, AL, vehicles, and more, it has to be added. To better insure your assets and get replacement or repair, take a look below.
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.
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.
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 Mobile, AL?
Your Mobile, AL, commercial vehicle insurance premiums vary due to several items. Some you'll have control over and be able to improve for better pricing. Check out the risk factors that carriers use to determine your costs.
- 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 into account your company's insurance score, financial standing, and loss history. Prices are based on outside factors as well, such as weather and local crime. The safer your practices, the less you'll pay in premiums.
Why Work with an Independent Agent in Mobile, AL?
Commercial auto insurance will need to meet state and sometimes federal guidelines. Since coverage is mandatory, a professional can help sort out what's needed in Mobile, AL. If you're tired of going at it alone, consider using a trusted adviser.
An independent insurance agent can help find a commercial vehicle policy for an affordable price. They work with several markets at zero cost to you. Connect with a local expert on TrustedChoice.com and get customized quotes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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