Louisiana Commercial Vehicle Insurance

Find the Best Commercial Vehicle Insurance Rates & Companies in Louisiana

Most car owners understand their need for personal auto insurance. However, business owners whose company owns and manages a vehicle or a fleet of vehicles also need to meet specific insurance requirements with a commercial vehicle insurance policy. In a state such as Louisiana, where the roads are filled with commercial vehicles of all types, it's necessary to evaluate your insurance needs and get adequate coverage. Whether your business uses cars, trucks, vans, or even buses to transport people or goods, you will need to cover them with Louisiana commercial vehicle insurance. The type of policy you need will depend on the type of vehicles you or your employees operate.

A Louisiana independent insurance agent can help your business get equipped with all the commercial vehicle insurance it needs to satisfy state requirements. Your agent will ensure your business has adequate coverage to properly protect your company vehicles against all kinds of threats. But first, here's a deeper breakdown of Louisiana commercial auto insurance requirements and more.

Best Commercial Vehicle Insurance Companies in Louisiana

Louisiana commercial vehicle insurance is sold by many different companies in the state. But when you're ready to get your business set up with the proper coverage, you want to start by looking into only the best commercial auto insurance companies in Louisiana. That's why we've put together a list of a few top-rated carriers of commercial auto insurance in Louisiana for your convenience. 

1. Progressive: Progressive is a top-rated insurance company offering commercial auto insurance and many other types of business and personal coverage. The carrier has an excellent financial strength rating from AM Best and offers 24/7/365 customer service.
2. Travelers: Travelers is a longstanding, top-rated insurance company that offers a wide variety of coverages for businesses and individuals, including commercial vehicle insurance. The carrier holds outstanding AM Best and Better Business Bureau (BBB) ratings, has excellent customer feedback, and offers many discounts.
3. EMC Insurance Companies: EMC Insurance offers many types of business insurance, including commercial auto coverage. The carrier has outstanding ratings from AM Best and the BBB, offers 24/7 claims reporting, and is known for its affordable coverage rates.
4. Liberty Mutual: Liberty Mutual is a longstanding carrier that offers many types of personal and business coverage, including commercial auto insurance. The carrier is a Fortune 500 company with great ratings from AM Best and the BBB and offers 24/7 claims reporting.

A Louisiana independent insurance agent can help you get the coverage your business needs to protect its company vehicles from one of these outstanding carriers.

What Commercial Vehicle Insurance in Louisiana Can Cover

Louisiana requires commercial auto liability insurance coverage because it protects vehicle owners and other parties involved in accidents. Your commercial auto policy helps mitigate your business's financial liability in the event of an accident involving a company vehicle. 

Additionally, since your vehicles may be used to transport people or valuable goods, the added protection a required insurance policy offers can prove well worth the cost of a policy. Here are the main coverage components found in a commercial auto insurance policy in Louisiana:

• Liability insurance: This covers costs associated with causing bodily injury or personal property damage to third parties with a company vehicle.
• Collision insurance: Pays for damage to your car from a collision with another driver, regardless of fault. 
• Comprehensive insurance: Pays for damage to your car due to a non-collision event such as a flood or theft. 
• Medical payments insurance: This covers medical expenses necessary to treat the drivers and passengers of company vehicles if they're injured in an accident, regardless of fault.
• Uninsured/underinsured motorists insurance: This covers costs associated with accidents and other incidents involving another driver who doesn't carry any or adequate auto insurance of their own to cover the expenses they're responsible for — or in case of hit-and-run accidents.

Getting the proper insurance coverage is a necessary part of Louisiana commercial vehicle registration. An independent insurance agent in Louisiana can help you assemble the right commercial auto policy for your unique business.

How Much Commercial Vehicle Insurance Is Required in Louisiana?

As a business owner, it's helpful for you to understand Louisiana commercial vehicle regulations. All company vehicles must be equipped with the following types and amounts of coverage by state law:

• Bodily injury liability insurance: Coverage of at least $15,000 per person and $30,000 per accident of bodily injury liability insurance is required for businesses in Louisiana.
• Property damage liability insurance: Coverage of at least $25,000 per incident of property damage liability coverage is required for businesses in Louisiana.

This breaks down to commercial auto coverage requirements of 15/30/25 for businesses in Louisiana. Louisiana commercial vehicle enforcement ensures that your company is equipped with at least the state's mandated minimum coverage amounts. If your business fails to secure at least this much coverage for its company vehicles, it could face fines or other harsh penalties, even including a forced suspension of operations.

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What Commercial Vehicle Insurance in Louisiana Will Not Cover

Commercial vehicle insurance in Louisiana covers a lot of critical risks, but it doesn't cover just anything. There are various coverage exclusions that you should be aware of, including:

• Intentional damage caused by company drivers
• Injuries covered by a workers' compensation policy
• Damage to vehicles from pollutants
• Accidents caused by a company driver who was intoxicated

The coverage exclusions listed on your commercial vehicle insurance policy may vary. Be sure to work with your Louisiana independent insurance agent to review your business's specific policy to understand its coverage exclusions. 

Average Cost of Commercial Vehicle Insurance in Louisiana

In Louisiana, commercial auto insurance costs an average of $147 per month. However, the cost of your business's policy depends on a number of different factors, including:

• The type and amount of coverage chosen
• The policy's deductible amount
• The driving history of employees who use company vehicles
• Your business's location, size, and annual revenue

Other factors can also impact your business's commercial auto insurance costs in Louisiana. A Louisiana independent insurance agent can help your business get equipped with the most affordable commercial vehicle policy available. 

Popular Questions about Louisiana Commercial Vehicle Insurance