Find the Best Commercial Vehicle Insurance Rates & Companies in Massachusetts

If your business uses company-owned vehicles to make deliveries, run a mobile studio, or for any other work-related purpose, it needs the right protection. Only the coverage provided by a commercial auto insurance policy can reimburse your business for accidents, lawsuits, and other disasters involving company vehicles. Without this coverage, your business could have to pay for any of these expenses and others out of its own pocket. On top of that, it may also be subject to state-enforced fines and other penalties.

Fortunately, an independent insurance agent in Massachusetts can help you find the right business auto insurance for your company. They'll get your business equipped with the best available policy. But up first, here's a deep dive into Massachusetts commercial auto insurance requirements and more.

Best Commercial Vehicle Insurance Companies in Massachusetts

There are many carriers that sell commercial auto insurance in Massachusetts, but you know your business deserves the best coverage available. Save yourself time by shopping for coverage provided by only the best commercial vehicle insurance companies in Massachusetts. We've included a few of our top recommendations for you.

  1. Nationwide: This carrier offers commercial auto insurance and several other kinds of business and personal insurance. Nationwide also has outstanding ratings from AM Best and the Better Business Bureau (BBB) and offers 24/7 claims reporting services.
  2. EMC Insurance Companies: This carrier offers commercial vehicle policies and many other types of business insurance. EMC Insurance also has excellent ratings from both AM Best and the BBB, competitive coverage rates, and 24/7 customer service.
  3. Liberty Mutual: This carrier offers commercial vehicle insurance and many other types of business and personal insurance. Liberty Mutual is a Fortune 500 company that also has outstanding ratings from both AM Best and the BBB and offers 24/7 claims reporting services.

A local independent insurance agent can help your business comply with commercial vehicle regulations in Massachusetts and more. They can pull quotes and shop and compare coverage for your business from these carriers and others in your area.

What Commercial Vehicle Insurance in Massachusetts Can Cover

Many different types of coverage typically go into one commercial vehicle insurance policy. In Massachusetts, you'll have the following options to choose from:

  • Personal injury protection: This includes medical payments coverage with the added benefits of lost wage replacement and certain other expense coverage. 
  • Liability insurance: This covers the costs of property damage or bodily injury your business causes to a third party with a company vehicle.  
  • Collision insurance: This covers the costs of damage to your business vehicles from a collision with another driver, regardless of fault. 
  • Comprehensive insurance: This covers the costs of damage to your business vehicles due to a non-collision event such as a flood or theft. 
  • Medical payments insurance: This covers the costs of medical treatments if company drivers or their passengers get injured in an accident while operating company vehicles for business purposes. 
  • Uninsured/underinsured motorists insurance: This covers expenses related to accidents with drivers who don't carry enough car insurance to cover their share of the damages.

Remember that Massachusetts commercial vehicle registration requirements cannot be completed until your business has all the required commercial vehicle insurance. A Massachusetts independent insurance agent can help you find the right types and amounts of business auto insurance.

How Much Commercial Vehicle Insurance Is Required in Massachusetts?

Your business must have a certain amount of commercial auto insurance in Massachusetts according to state law. Make sure your business has at least the following:

  • Bodily injury liability insurance: Coverage of at least $20,000 per person and $40,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Massachusetts.
  • Property damage liability insurance: Coverage of at least $5,000 per incident of property damage liability insurance is required for businesses with company vehicles in Massachusetts.
  • Personal injury protection insurance: Coverage of at least $8,000 in personal injury protection insurance is required for businesses with company vehicles in Massachusetts.
  • Uninsured/underinsured motorist insurance: Coverage of at least $20,000 per person and $40,000 per accident of uninsured/underinsured motorist insurance is required for businesses with company vehicles in Massachusetts.

Business owners must also be aware that Massachusetts commercial vehicle enforcement can lead to a temporary suspension of business operations, fines, or other penalties for any company that fails to secure the mandated amount of commercial auto coverage.

What Commercial Vehicle Insurance in Massachusetts Will Not Cover

Be aware that your commercial auto insurance doesn't cover all parts of your business. You'll need to make sure your Massachusetts business insurance policy also includes commercial property insurance to protect your business's buildings, equipment, and inventory against losses related to theft, fire damage, and more. If you have employees, be sure to also get set up with the right amount of workers' compensation, which covers incidents of employee injuries or illnesses caused by the job or work environment. Further, commercial auto insurance in Massachusetts will not cover any of the following:

  • Temporary business closures due to covered perils, which fall under business interruption insurance
  • Incidents of intentional harm or property damage to third parties by company drivers or other employees
  • Accidents and other incidents caused by company drivers who were intoxicated
  • Environmental pollutant damage or destruction to company-owned vehicles

An independent insurance agent in Massachusetts can review your business's commercial auto policy with you so you can be aware of your specific coverage exclusions.

Average Cost of Commercial Vehicle Insurance in Massachusetts

Massachusetts commercial auto insurance costs an average of just under $150 per month. However, the rates for your specific business can vary based on a number of different factors, including:

  • The number of company vehicles you have
  • How much coverage you need
  • Your business's claims history
  • The size and location of your business
  • Where and how often company vehicles are operated

A Massachusetts independent insurance agent can help you compare quotes for the most affordable coverage in your town.

Popular Questions about Massachusetts Commercial Vehicle Insurance

If your business relies on company-owned vehicles in Massachusetts, it must have commercial auto insurance. This coverage is mandatory by law.

Massachusetts requires commercial auto insurance by law. However, for businesses without company-owned vehicles, this coverage isn't required or necessary.

In Massachusetts, commercial auto insurance must at least include liability, personal injury protection, and uninsured motorist coverage. You can customize your business's policy to include additional protections, though.

Businesses in Massachusetts must have at least the following types and amounts of commercial auto insurance by state law:

  • Bodily injury liability insurance: Coverage of at least $20,000 per person and $40,000 per accident of bodily injury liability insurance is required.
  • Property damage liability insurance: Coverage of at least $5,000 per incident of property damage liability insurance is required.
  • Personal injury protection insurance: Coverage of at least $8,000 in personal injury protection insurance is required.
  • Uninsured/underinsured motorist insurance: Coverage of at least $20,000 per person and $40,000 per accident of uninsured/underinsured motorist insurance is required.

Businesses in Massachusetts are allowed to claim the cost of commercial vehicle insurance as a legitimate business expense. The total cost of your coverage premiums can be deducted from your business's annual revenue.

In Massachusetts, commercial auto insurance covers whatever you select to go into your policy. Work together with a Massachusetts independent insurance agent to ensure your business gets set up with all the required coverage.

In Massachusetts, commercial auto insurance costs just below $150 per month, on average. But the cost of your business's coverage can vary based on the total number of company vehicles you need to insure and other factors.

Massachusetts independent insurance agents can shop and compare policies from multiple commercial vehicle insurance carriers for you. Ultimately, they'll get your business set up with a policy offering the best overall blend of coverage and cost. Additionally, your agent can help your business file commercial auto insurance claims and update its coverage as necessary.

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