Find the Best Commercial Vehicle Insurance Rates & Companies in Utah

No matter what type of business you run, if it relies on company vehicles, it must be protected by the right kind of commercial vehicle insurance. This coverage can help reimburse your business for expenses related to lawsuits, accidents, and other disasters involving company-owned vehicles. Without commercial auto insurance, your business could even face fines and other state-enforced penalties. 

Fortunately, an independent insurance agent in Utah can help your business get equipped with all the coverage it needs. They'll get you matched to the right business auto policy for your industry. But first, here's more about Utah commercial auto insurance requirements.

Best Commercial Vehicle Insurance Companies in Utah

When it's time to find commercial vehicle insurance in Utah, you want to skip ahead to only the best options. That's why we've included a list of a few of our top picks for the best commercial auto insurance companies in Utah. You can find quality coverage and great rates from any of these carriers.

  1. EMC Insurance Companies: This insurance company offers commercial vehicle policies and many other types of business insurance. The carrier has great ratings from AM Best and the Better Business Bureau (BBB), affordable rates, and 24/7 customer service.
  2. Travelers: This insurance company offers commercial auto insurance and several other kinds of business and personal insurance. The carrier also has high AM Best and BBB ratings and offers many discount options.
  3. Nationwide: This insurance company offers commercial auto insurance and several other kinds of personal and business insurance. The carrier has excellent ratings from AM Best and the BBB and provides 24/7 claims reporting.

An independent insurance agent can help your business satisfy Utah's commercial vehicle regulations with the right commercial auto coverage.

What Commercial Vehicle Insurance in Utah Can Cover

Your company's commercial auto policy will likely include several types of coverage. In Utah, you can browse and select from the following options:

  • Comprehensive insurance: This covers the costs of damage to your business vehicles due to a non-collision event such as a flood or theft. 
  • Liability insurance: This covers the costs of property damage or bodily injury your business causes 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. 
  • Personal injury protection: This includes medical payments coverage with the added benefits of lost wage replacement and certain other expense coverage. 
  • 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.

Utah's commercial vehicle registration requirements are not fulfilled until a business is equipped with all the mandated commercial vehicle insurance. A Utah independent insurance agent can help you get all the business auto coverage you need for your company.

How Much Commercial Vehicle Insurance Is Required in Utah?

State law in Utah requires a certain amount of business auto insurance for all applicable companies. In Utah, your business must have at least the following:

  • Bodily injury liability insurance: Coverage of at least $25,000 per person and $65,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Utah.
  • Property damage liability insurance: Coverage of at least $15,000 per incident of property damage liability coverage is required for businesses with company vehicles in Utah.
  • Personal injury protection insurance: Coverage of at least $3,000 per person of personal injury protection insurance is required for businesses with company vehicles in Utah.

Any business owner should understand that Utah commercial vehicle enforcement can result in fines or other state-enforced penalties, such as the temporary suspension of business operations, if your company fails to secure the required commercial vehicle coverage.

What Commercial Vehicle Insurance in Utah Will Not Cover

Utah's commercial vehicle insurance won't cover business equipment, inventory, or buildings because those fall under commercial property insurance. It also won't cover expenses related to employee injuries or illnesses caused by the work environment or job tasks because those fall under workers' compensation. Other common Utah commercial auto insurance coverage exclusions are:

  • Temporary business closures due to various incidents, which are covered by business interruption insurance
  • Destruction or damage to company vehicles caused by environmental pollutants
  • Intentional harm or property damage to third parties committed by company drivers
  • Accidents and other incidents caused by company drivers who were intoxicated

An independent insurance agent in Utah can help you review your specific commercial auto policy so you can be aware of its exact exclusions.

Average Cost of Commercial Vehicle Insurance in Utah

In Utah, it costs an average of just under $150 per month to insure a business with commercial vehicle insurance. However, these rates can vary widely depending on a business's prior claims history, amount of coverage needed, and other factors. The number of company vehicles a business has, and the driving records of all company drivers can impact these rates as well. A Utah independent insurance agent can help your business find the most affordable coverage that's available near you without compromising on quality.

Popular Questions about Utah Commercial Vehicle Insurance

Many businesses need commercial auto insurance in Utah. If your business relies on company vehicles for work purposes, it likely needs this coverage.

Utah law requires commercial auto insurance for many businesses in the state. Businesses that make deliveries, operate mobile studios, or otherwise rely on company vehicles must be insured by business auto coverage.

In Utah, commercial auto insurance plans include at least liability protection in two forms and personal injury protection coverage. A business can add more types of coverage to its policy if it chooses.

Utah requires businesses with company-owned vehicles to have the following types and amounts of coverage:

  • Bodily injury liability insurance: Coverage of at least $25,000 per person and $65,000 per accident of bodily injury liability insurance is required.
  • Property damage liability insurance: Coverage of at least $15,000 per incident of property damage liability coverage is required.
  • Personal injury protection insurance: Coverage of at least $3,000 per person of personal injury protection insurance is required.

Commercial vehicle insurance premiums are considered a legitimate business expense in the state of Utah. So, a business can deduct the cost of its commercial auto insurance from its total annual revenue.

In Utah, commercial auto insurance must include a couple different types of protection at a minimum. These include personal injury protection and liability insurance.

In Utah, commercial auto insurance costs an average of just under $150 per month. The cost of a business's specific policy can vary, however, based on many different factors, such as the total amount of coverage needed.

Utah 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.

https://www.insureon.com/small-business-insurance/commercial-auto/utah