Popular Questions About Michigan Commercial Auto Insurance

Business auto insurance is the equivalent of your personal auto insurance policy, but it protects vehicles and drivers associated with your business. If your business owns vehicles, this policy will insure your business for costs associated with collisions or other vehicle damage. It also provides liability coverage for your business if one of your drivers is at fault for an accident.

Your commercial auto policy can cover: 

  • Vehicles that your business owns
  • Vehicles that your business owns, hires, or leases
  • All vehicles that are used for business purposes, including those that the business does not own, hire, or lease (e.g., when you or your employees drive your own personal vehicles for business purposes) 

Whether you provide cars for your salespeople or own semi trucks for transporting goods across the country, one traffic accident can be a serious hit to your financial stability. Whether it is a fender-bender or a serious accident with fatalities, your business will be held responsible if one of your drivers causes an accident. 

Your company will need to pay for the damage to other cars and for the medical expenses of any injured drivers or passengers. You may also be sued for additional damages.

Michigan commercial auto insurance protects your business from the costs of car accidents and other roadway threats.

Michigan commercial auto insurance pays for a variety of expenses when one of your business-owned vehicles is involved in an accident. It also helps you pay for damages if your car is stolen or vandalized, or if your car is damaged by some other unexpected event, such as hail or a falling tree. 

Fix your car

  • We call this “comprehensive & collision coverage.”

Fix someone else's car 

  • We call this “property damage liability.”

Pay for someone else's medical bills

  • We call this “bodily injury liability.”

Pays you if an uninsured driver causes an accident

  • We call this “uninsured motorist coverage.”

Commercial auto insurance is designed for businesses that typically have several drivers and multiple vehicles. For this reason, there are several differences between commercial auto coverage and personal auto coverage. 

  • Commercial auto insurance typically has higher liability limits to protect the business from the much greater potential for liability claims. 
  • Commercial auto insurance typically costs more than personal auto insurance, because there are far more variables and risks to consider. The insurance company looks at what the vehicle is used for, the size and weight of the vehicle, the number of miles the vehicle is expected to travel each year, and even the items that are being transported. 
  • Commercial auto insurance rates are also higher because there are multiple drivers being insured.

Commercial vehicle insurance premiums vary from business to business. A restaurant owner with two cars for takeout deliveries will not pay the same as a construction company with a fleet of heavy trucks. 

Commercial auto insurance rates are based on the number of vehicles your company owns and the types of coverage you need (you may not need the same coverage for every vehicle). 

Here are some ranges for commercial auto insurance premiums across the U.S.:

  • Commercial car insurance cost: $1,200 - $2,400 per year
  • Commercial truck insurance cost: $800 - $2,000 per year
  • Commercial bus insurance cost: $35,000 per year
  • Commercial taxi insurance cost: $5,000 - $10,000 per year
  • Commercial tractor trailer insurance cost: $2,500 or more per year

Your Michigan commercial auto insurance rates will vary depending on:

  • The driving history of the drivers listed on your policy
  • The number of vehicles on your policy, as well as the age, make, and model of each
  • The number of drivers on your policy
  • The location of your business and vehicles (i.e., are they more likely to be stolen or involved in an accident in your city) 
  • Your company’s history of auto claims

An independent insurance agent in Michigan can find the best commercial auto insurance policy for your company’s needs and budget. Independent agents can work with multiple insurance companies, so you’ll be able to review multiple quotes and choose the coverage that is best for your unique risks. 

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs. 

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Find Commercial Auto Insurance in your City

How does your city measure up to the national average?

Commercial car insurance cost: $1,200 - $2,400 per year

Commercial truck insurance cost: $800 - $2,000 per year


Commercial bus insurance cost: $35,000 per year

CityAuto theft rate per 1,000Insurance Cost (Yearly)
Cambridge1.19$127
Worcester2.16$166
Springfield4.11$112
Lowell1.81$144
Boston2.31$141
Acton0.21$101
Auburn0.97$131
Bridgewater2.39$119
Burlington0.77$114
Belmont0.2$123
New Bedford2.9$113
Brockton2.74$107
Quincy0.66$165
Lynn2.53$148
Fall River2.68$155
Plymouth0.32$122
Peabody0.86$143
Pittsfield0.74$173
Attleboro1.02$141
Arlington0.4$109
Salem1.21$139
Westfield0.62$126
Methuen1.27$125
Fitchburg1.56$167
Beverly0.41$114
Amherst0.28$116
Braintree1.25$113
Chicopee1.81$171
Framingham0.76$117
Medford0.84$115
Needham0.03$106
Newton0.2$109
Hyannis0.45$148
Waltham0.69$122
Taunton1.59$146
North Andover0.23$104
Danvers0.72$113
Norwell0.27$106
Woburn0.51$118
Norwood0.93$116
Brookline2.31$172
Barnstable0.45$148
Gloucester0.54$111
Chelsea3.18$151
Dartmouth0.89$136
Weymouth0.68$117
Dorchester2.31$159
Mansfield0.68$118
Billerica0.16$108