Virginia Commercial Vehicle Insurance
Get a full analysis of Virginia commercial vehicle insurance costs, coverages & companies.
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Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Find the Best Commercial Vehicle Insurance Rates & Companies in Virginia
Whether your Virginia business uses its commercial vehicles to deliver pizza, attend meetings across town, or haul goods across state lines, a commercial auto insurance policy is necessary to protect your company vehicles. Big or small, most commercial vehicles actually require specialized insurance protection by state law.
An independent insurance agent in Virginia can equip your business with all the commercial vehicle coverage it needs. They'll get you matched to the best available coverage right away. But first, here's a deep dive into Virginia commercial vehicle insurance requirements and more.
Best Commercial Vehicle Insurance Companies in Virginia
The best commercial auto insurance companies in Virginia are easy to find when you know where to look. We're hoping to help by offering a few of our picks for the best commercial auto insurance in Virginia. Start here when it's time to get your business equipped with the right commercial vehicle insurance.
- Travelers: Travelers sells commercial auto insurance and many other kinds of personal and business insurance. The insurer has excellent ratings from AM Best, the Better Business Bureau (BBB), and customers.
- Encova: Encova sells commercial auto insurance and many other kinds of business and personal insurance. The insurer has excellent ratings from both AM Best and the BBB and offers 24/7 claims reporting.
- Liberty Mutual: Liberty Mutual sells commercial auto insurance and many other kinds of business and personal insurance. The insurer is a Fortune 500 company with outstanding ratings from AM Best and the BBB and offers 24/7 claims reporting.
An independent insurance agent can help your business satisfy Virginia commercial vehicle regulations when it comes to business auto coverage.
What Commercial Vehicle Insurance in Virginia Can Cover
You can select several types of coverage to complete your business's commercial vehicle insurance policy. Often, you'll be able to choose from these types of commercial auto insurance:
- Collision insurance: This covers the costs of damage to your business vehicles from a collision with another driver, regardless of fault.
- Liability insurance: This covers the costs of property damage or bodily injury your business causes a third party with a company vehicle.
- Comprehensive insurance: This covers the costs of damage to your business vehicles due to a non-collision event such as a flood or theft.
- Medical payments insurance: This covers 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 the costs of accidents with other drivers who don't carry enough car insurance to cover their portion of expenses.
- Personal injury protection: This covers costs like medical payments, lost wage replacement, and certain other expenses.
Virginia commercial vehicle registration is not complete until a business gets all the required commercial auto coverage. An independent insurance agent in Virginia can help you satisfy state requirements for coverage for your business.
How Much Commercial Vehicle Insurance Is Required in Virginia?
Virginia requires all businesses with company vehicles to carry at least certain amounts and forms of commercial auto insurance. Your business must at least carry the following commercial auto coverage:
- Bodily injury liability insurance: Coverage of at least $30,000 per person and $60,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Virginia.
- Property damage liability insurance: Coverage of at least $20,000 per incident of property damage liability coverage is required for businesses with company vehicles in Virginia.
Virginia commercial vehicle enforcement exists to ensure your company has the appropriate amount of coverage. Failure to satisfy these requirements can lead to penalties like fines or worse for your business.
What Commercial Vehicle Insurance in Virginia Will Not Cover
Take some time to review your business's commercial auto insurance policy to be aware of its exact coverage exclusions. Knowing these exclusions can help you avoid filing claims for your business that are bound to get denied and ensure that your company is set up with all the business insurance it really needs.
Commercial vehicle insurance in Virginia often will not cover:
- Pollutant damage or destruction to company vehicles
- Theft, destruction, or damage to business equipment and inventory that's covered under commercial property insurance
- Malicious or intentional acts against third parties or their property by company drivers
- Employee workplace injuries and illnesses that are covered under workers compensation
- Incidents with company vehicles caused by drivers while they were intoxicated
A Virginia independent insurance agent can review your business's exact commercial vehicle insurance policy with you so you can determine all of its listed coverage exclusions.
Find Commercial Auto Insurance
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Average Cost of Commercial Vehicle Insurance in Virginia
It costs about $147 per month to insure a Virginia business with commercial auto insurance. However, the size, location, annual revenue, and other factors pertaining to your business can impact its coverage rates.
Other factors that can influence commercial auto insurance premiums might be your business's prior claims history, driving records of company vehicle operators, the types and amounts of coverage your business needs, and how many company vehicles need coverage. An independent insurance agent in Virginia can help your business get set up with the most affordable commercial auto coverage available.
Popular Questions about Virginia Commercial Vehicle Insurance
If your Virginia business uses company vehicles, it probably needs commercial auto insurance. This coverage is mandatory by state law.
Yes, Virginia state law requires commercial auto insurance. If a business uses company vehicles for deliveries or other work purposes, it must have this coverage.
A Virginia commercial auto insurance plan will cover whatever the policy outlines. A commercial auto insurance policy in Virginia must at least include bodily injury liability and property damage liability, but it may include other types of protection as well.
The following types and amounts of business auto coverage are mandatory in Virginia:
- Bodily injury liability insurance: Coverage of at least $30,000 per person and $60,000 per accident of bodily injury liability insurance is required.
- Property damage liability insurance: Coverage of at least $20,000 per incident of property damage liability coverage is required.
Yes, commercial vehicle insurance is tax-deductible in Virginia. Companies in the state are allowed to claim the cost of commercial auto insurance as a business expense.
In Virginia, commercial auto insurance must cover, at a minimum, bodily injury liability and property damage liability. However, policies can be customized to include other types of coverage, such as collision or comprehensive.
A commercial auto insurance policy in Virginia costs an average of $147 per month. The cost of your company's policy might vary, however, based on a few different factors, like the number of vehicles you need to insure.
Virginia 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/virginia