Nebraska Commercial Vehicle Insurance
Get a full analysis of Nebraska commercial vehicle costs, coverage, and companies.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Find the Best Commercial Vehicle Insurance Options in Nebraska
If you own a commercial vehicle in Nebraska, you’ll want to protect your company with the right commercial vehicle insurance policy. Otherwise, crashes and other incidents can leave your assets at risk for large claims and lawsuits.
A local independent insurance agent can help you find an affordable policy that protects your assets and complies with all state and federal regulations. Independent agents aren’t tied down to a single carrier. They can obtain quotes from multiple insurance companies, so you can be sure to find the customized commercial vehicle coverage that properly protects your unique business.
Best Commercial Vehicle Insurance Companies in Nebraska
How can you make the best choice for commercial vehicle insurance in Nebraska?
We selected the following carriers as some of the best commercial vehicle insurance companies in Nebraska. They are highly rated for their combination of valuable coverage offerings and competitive pricing.
- Progressive: Progressive is based in Ohio and offers commercial vehicle insurance across all 50 states. Nebraska business owners can look to Progressive for most of their business insurance needs.
- Liberty Mutual: Liberty Mutual is headquartered in Boston, MA, and has been offering business insurance since 1912. Today, the company offers a flexible, multi-line range of coverages, including commercial vehicle insurance, designed to meet the needs of any business, regardless of size or industry.
- Travelers: Travelers offers highly-rated commercial vehicle insurance in Nebraska. The company provides a variety of other business insurance options, including inland marine, workers' compensation, and general liability.
- EMC Insurance Companies: EMC is in the top 60 business insurance companies in the United States. The company specializes in designing well-rounded insurance programs to protect the financial assets of many types of businesses and organizations.
- Nationwide: Nationwide provides commercial auto insurance and other popular types of business insurance coverage in Nebraska. The company is headquartered in Columbus, OH, and is represented by independent insurance agents in 50 states.
An independent insurance agent in your area can help you learn more about these and other Nebraska commercial vehicle insurance companies. A local agent can help you get competitive quotes for the coverage that fits your needs.
Nebraska Commercial Vehicle Insurance Requirements
Commercial auto insurance requirements are determined by either state or federal law, depending on:
- The type of vehicle
- The vehicle’s weight
- The number of passengers
- What the vehicle carries (e.g., innocuous goods or hazardous materials)
- Whether it is engaged in interstate commerce
Most small business owners don’t have to worry about federal regulations for their business-owned sedans, vans, or pickup trucks. In these cases, Nebraska's commercial auto insurance requirements are the same as those for personal vehicles. You must have the following coverage, at a minimum, for each vehicle listed on the policy:
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident
- Property damage liability coverage: $25,000 per accident
- Uninsured motorist coverage: $25,000 per person and $50,000 per accident for bodily injury
Passenger carriers, certain freight carriers, trucks over 10,000 pounds, carriers that travel across state lines, and vehicles that carry hazardous substances must follow federal regulations for liability insurance coverage. For-hire taxis and tow-truck drivers might also need to comply with additional liability insurance requirements.
Your independent insurance agent can help you learn more about the requirements for commercial vehicle insurance in Nebraska.
What Commercial Vehicle Insurance Covers in Nebraska
Commercial 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 and other vehicle damage. It also provides liability coverage for your business if one of your drivers is at fault for an accident.
All commercial vehicle insurance policies in Nebraska will include at least the state-mandated coverage for each vehicle on the policy:
- Bodily injury liability coverage: Helps pay for other drivers’ and passengers’ injuries when the policyholder is at fault in an accident.
- Property damage liability coverage: Pays for damage to someone else’s property when the policyholder is at fault for that damage (i.e., another party’s vehicle, a fence, etc.).
- Uninsured/underinsured motorist coverage: Covers your driver’s medical expenses following an accident caused by an uninsured or underinsured driver.
In addition, a Nebraska commercial auto policy may include the following types of optional coverage:
- Collision coverage: Covers damage to your vehicle sustained in a collision, regardless of who was at fault.
- Comprehensive coverage: Covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.
- Medical payments coverage: Helps pay for medical, dental, and funeral expenses for you or your passengers, regardless of who is at fault for an accident.
- Towing and roadside assistance: Covers the cost of a service call if your company vehicle becomes disabled while on the road.
- Non-owned or hired auto liability insurance: Provides liability coverage for non-owned vehicles used for business purposes, such as when you rent or lease a vehicle or when you or an employee use a personal vehicle for business purposes.
Your local independent insurance agent can help you determine which coverage types may benefit your unique needs.
Find Commercial Auto Insurance
Our independent agents shop around to find you the best coverage.
Average Cost of Commercial Vehicle Insurance in Nebraska
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.
The amount of coverage you need also affects what you pay for commercial auto insurance in Nebraska. Keep in mind that you may not need the same coverage for every vehicle.
Costs for Nebraska commercial auto insurance vary from business to business. A company with a fleet of trucks will pay more than a small business with a few cars used for sales calls or deliveries.
Some other factors that come into play include:
- The driving history of the drivers listed on your policy
- The age, make, and model of each vehicle listed on your policy
- The location of your business and vehicles
- Your company’s auto claims history
Because each insurance company has its own proprietary formula for calculating commercial auto insurance premiums, you can save a lot of money by shopping around for the most competitive price. And comparison shopping is easy when you work with an independent insurance agent who isn’t tied to one carrier.
How to Find the Best Commercial Vehicle Insurance Quote in Nebraska
Commercial vehicle insurance can cover everything from small cars to large buses, so Nebraska businesses have varying coverage requirements and needs. Seeking the advice of a local independent insurance agent is the best way to get your questions answered and find affordable coverage.
An independent insurance agent in Nebraska can help you obtain and compare a selection of customized quotes for your unique coverage needs.
Nebraska Commercial Vehicle Insurance FAQs
If your commercial vehicle is involved in an accident that results in serious injuries or fatalities, you can be faced with a very expensive lawsuit. And even minor fender-benders can result in property damage costs and loss of income for your business.
Any Nebraska business that owns vehicles needs commercial auto insurance to protect itself from the large financial losses that can result from a crash.
Yes, commercial vehicle insurance is required by law in Nebraska. Most commercial vehicles will be subject to the state’s minimum liability insurance requirements.
Vehicles over a certain weight or used for certain purposes may be subject to additional federal liability insurance laws.
Nebraska commercial auto insurance helps your business tackle expenses that are related to accidents and other mishaps with your commercial vehicles. It pays for physical damage to vehicles, medical bills for injured parties, and even repairing and replacing stolen or vandalized vehicles.
In addition to the coverage required by the state (bodily injury liability coverage, property damage liability coverage, and uninsured/underinsured motorist coverage), here are some typical coverage options for a commercial auto policy in Nebraska:
- Collision coverage: Covers damage to your vehicle sustained in a collision, regardless of who was at fault.
- Comprehensive coverage: Covers the cost to repair damage to your vehicle due to non-collision events such as fires and property crimes.
- Medical payments coverage: Helps pay for medical, dental, and funeral expenses for you or your passengers, regardless of who is at fault for an accident.
- Towing and roadside assistance: Covers the cost of a service call if your company vehicle becomes disabled while on the road.
- Non-owned or hired auto liability insurance: Provides liability coverage for non-owned vehicles being used for business purposes, such as when you rent or lease a vehicle or when you or an employee use a personal vehicle for business purposes.
You must have the following coverage, at a minimum, for each vehicle listed on your Nebraska commercial vehicle policy:
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident
- Property damage liability coverage: $25,000 per accident
- Uninsured motorist coverage: $25,000 per person and $50,000 per accident for bodily injury
Passenger carriers, certain freight carriers, trucks over 10,000 pounds, carriers that travel across state lines, and vehicles that carry hazardous substances must follow federal regulations for liability insurance coverage. For-hire taxis and tow-truck drivers might also need to comply with additional liability insurance requirements.
Business owners in Nebraska can deduct from their taxes the ordinary and necessary cost of any business insurance policy as a business expense. This includes any insurance policy that is common, helpful, and appropriate for your industry.
What’s more, most businesses are required to carry some types of business insurance — including commercial auto insurance — because of state laws, industry regulations, or contracts. Premiums for these policies are tax-deductible.
In addition, self-employed people who use their cars for business-related purposes can deduct many of the expenses associated with that vehicle, including car insurance premiums. If you use your car strictly for work-related purposes, you can write off all costs associated with operating and maintaining it. If your car use is mixed between business and personal reasons, you can only deduct costs that are related to the business usage of the vehicle.
Your insurance company will consider the number of vehicles and drivers, the makes and models of the vehicles, the amount of coverage each vehicle needs, and more to determine the cost of your commercial auto insurance in Nebraska.
Remember that a company with a fleet of trucks will pay more than a small business with a few cars used for sales calls or deliveries.
You can minimize your risk of collisions and control costs by hiring experienced drivers with good driving records and by ensuring that your company’s vehicles are well-maintained. Limiting the number of hours your employees spend on the road each day is also a good idea to prevent problems with driver fatigue.
These activities not only promote safety and help avoid accidents, but also many insurance companies offer discounts to policyholders who provide their drivers with safety education materials and training.
Liberty Mutual, Nationwide, Travelers, Progressive, and EMC are some of the best commercial vehicle insurance companies in Nebraska. They are highly rated for offering broad coverage, top-notch customer service, and a variety of affordable options for business owners.
There is no such thing as a one-size-fits-all policy when it comes to commercial auto insurance. A business that relies on a few cars for making local deliveries will have vastly different needs than one that uses heavy trucks for interstate commerce.
A local independent insurance agent can help you find a competitively priced policy that meets your state’s coverage requirements. Contact an independent agent in Nebraska to begin comparing customized commercial vehicle insurance quotes.
https://www.thezebra.com/auto-insurance/nebraska-car-insurance/
https://www.iii.org/automobile-financial-responsibility-laws-by-state