Michigan Commercial Vehicle Insurance

Find the right commercial vehicle insurance policy for you.


There are thousands of small businesses based in Michigan. While they may offer the opportunity for wealth and income, these businesses often have inherent financial risks. These risks increase significantly when company-owned vehicles are part of the equation. A Michigan commercial vehicle insurance policy can prevent a serious accident from impacting your company financials.

An independent insurance agent in our network to help you get the right commercial vehicle insurance policy for your company's needs. These agents can ensure that you are purchasing enough coverage and that you are getting it at a reasonable rate. Find a member agent near your home or business today to get more information and to start comparing competitively-priced Michigan commercial auto insurance quotes.

business vehicle

Find Commercial Auto Insurance

Our independent agents shop around to find you the best coverage.

MI Motor Vehicle Accident Statistics

  • There were a total of 273,891 vehicular accidents in the state
  • These accidents involved a total of 459,030 vehicles
    • Number of cars and station wagons: 354,758
    • Number of vans and motorhomes: 21,254
    • Number of pick-up trucks: 7,873
    • Number of commercial trucks: 9,720

What Is Michigan Commercial Auto Insurance?

Commercial auto insurance is a specialized form of insurance that covers company-owned cars, vans, trucks and other vehicles, such as limousines. Unlike personal auto insurance, these policies often carry higher insurance coverage amounts. Even if you are a small business owner, you will most likely need commercial vehicle coverage if you use your personal vehicle for work-related purposes.

If your company’s employees use their own vehicles for work, as is often the case with pizza delivery drivers, you will want to cover their vehicles with a hired or non-owned commercial auto insurance policy while they are on the clock. Even though these vehicles are privately owned and insured, if they are in an accident while performing work duties, your business may be held liable in a lawsuit. For company-owned cars and trucks, it's essential that you purchase a Michigan commercial vehicle insurance policy.

How Much Coverage Do I Need?

Motor vehicle accidents can be extremely expensive. Make certain that your commercial vehicles have enough insurance coverage to prevent your company from suffering extreme financial losses. If your company has a lot of assets, it has a lot to lose in a lawsuit. Commercial vehicles can range from cars to 18-wheel trucks to construction vehicles like dump trucks. 

The state of Michigan mandates different insurance requirements for different types of vehicles. For example, those used to transport passengers or hazardous materials will often have higher liability requirements. In addition, semi-trucks that are used for interstate travel will need to meet both Michigan and the Federal Motor Carrier Safety Administration (FMCSA) mandated requirements for insurance coverage. An agent in our network can provide you with more information about the coverage requirements specific to your vehicle or fleet of vehicles and can ensure that you are compliant with all of Michigan’s requirements for commercial vehicle insurance coverage.

business vehicle

Find Commercial Auto Insurance

Our independent agents shop around to find you the best coverage.

The National Safety Council’s Estimates of Crash Costs

  • Average cost of an accident resulting in a fatality: $1,420,000
  • Average cost of an accident resulting in disabling injuries: $78,700
  • Average cost of an accident resulting in incapacitating injuries: $70,500
  • Average cost of an accident resulting in non-incapacitating injuries: $22,700
  • Average cost of an accident resulting in property damage only: $9,100

What Does Michigan Commercial Auto Insurance Cover?

A commercial vehicle policy will have a variety of coverage options. These include:

  • Bodily injury liability insurance: This will cover any injuries that are sustained by third-parties after an accident caused by the driver of one of your company-owned vehicles. This coverage includes any associated court costs and legal fees.
  • Property damage liability insurance: This will cover any property damage that his sustained by others as the result of an accident caused by the driver of one of your company-owned vehicles. This coverage also includes any associated court costs and legal fees.
  • Combined single limit liability insurance (CLS): Bodily injury and property damage insurance coverage usually have separate coverage limits. A CLS policy will provide you with a single amount of liability coverage that can be used for either bodily injury or property damage or both in the event of an accident.
  • Collision insurance: This will cover any damages your vehicle sustains in a collision, regardless of fault. This covers both collisions with other vehicles and collisions with objects and animals.
  • Comprehensive insurance: This provides coverage for loss or damage to your vehicle resulting from causes other than collisions. These include fire, severe weather, falling objects, floods, theft, and vandalism.
  • Medical payments or personal injury insurance: This will cover the medical costs associated with injuries to your drivers and their passengers in they are involved in an accident, regardless of fault.
  • Uninsured/underinsured motorist insurance: If one of your drivers is involved in an accident where the other driver was at fault but does not have sufficient coverage, this insurance will provide the necessary compensation for your injuries and damages. This insurance coverage also covers damages sustained by hit-and-run drivers.
  • Loading and unloading insurance: This provides compensation if goods are damaged while being loaded onto or off of a company vehicle.
  • Towing and labor insurance: This coverage provides roadside assistance if your company vehicles should become disabled on the road.

Is Michigan Commercial Auto Insurance Expensive?

Commercial vehicle insurance policies can vary greatly from one company to the next. Policy rates are affected by many different factors including:

  • The number of vehicles you are insuring
  • The type or types of vehicles you are insuring
  • How and where the vehicles are used
  • The number of drivers that will be using the vehicles
  • The amount of coverage you purchase
  • The insurance provider you select

You can often get reduced rates by taking advantage of discounts that are offered by many insurance companies. For example, you may be able to get a discount for combining commercial vehicle insurance with your business insurance policy. Some companies will also offer discounts on commercial truck insurance policies if your drivers all have commercial licenses (CDLs). Be sure to ask about discounts when comparing insurance rates.

Compare Michigan Commercial Auto Insurance Quotes

All Michigan companies are unique, and so too are their commercial vehicle insurance needs. There is therefore no such thing as a one-size-fits-all policy when it comes to commercial auto or commercial truck insurance. When you purchase a policy, you will want to be sure that you are getting all the coverage you need. An independent agent in our network can make comparison shopping easy for you. Your local member agent can assess your company’s needs and help you compare policies that meet those needs. 

Find an agent in your neighborhood today to learn more about Michigan commercial auto insurance.

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