Commercial Auto Insurance Las Vegas Nv - As a business owner, you may have one or more vehicles, such as delivery vehicles, taxis, limousines, or buses. The right commercial auto insurance will cover you for accidents, injuries, and other incidents that put those investments at risk.
The Department of Transportation conducted a 2009 study on the effects of distraction on commercial motor vehicle (CMV) crashes and critical safety incidents. They found that:
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Commercial auto insurance is a broad term that covers most commercial business vehicles, including:
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Commercial auto policies cover personal vehicles used for business, as well as SUVs, light trucks, buses, limousines, taxis, vans and other vehicles used only for business.
Using these vehicles involves a number of risk factors, including how you use them, how often and how many miles you drive each year, and other factors. When insurance companies assess the amount of coverage your business needs, they will consider these risk factors as well as actions your business can take to improve driver safety.
If you're looking for coverage information on large trucks and heavy equipment used for business, see Commercial Truck Insurance.
Commercial insurance is similar to personal auto insurance in basic coverage such as liability, comprehensive, collision and other insurances specific to business vehicle use. A commercial auto policy is designed to protect your business from major losses that could affect your company's financial well-being.
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Commercial auto insurance combines different types of coverage, some required and some optional. A typical policy includes some combination of the following:
Bodily Injury Liability: This section of a commercial auto policy covers damages caused to others in an accident caused by you or an employee. Bodily injury coverage provides compensation for medical expenses, funeral expenses, and legal expenses. The amount of compensation your company receives depends on your personal injury liability limit and your deductible.
Property Damage Liability: This coverage pays for the cost of repairing damage caused by you or an employee. The amount of insurance you get depends on the limits you set and your deductibles. It's a good idea to work closely with an independent agent to assess your risks, as well as the potential costs associated with injury, property damage, and legal fees. For the best protection, consider purchasing a commercial umbrella liability policy.
Collision: As with a personal auto policy, a good commercial auto policy should have adequate collision coverage to pay for vehicle damage if you or your employees cause an accident.
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Comprehensive: Also known as "non-collision coverage," your comprehensive coverage is essential to cover damage or loss of your vehicle due to causes other than a collision. These reasons can include weather, theft and vandalism.
An uninsured and underinsured motorist: If you are involved in an accident caused by another motorist who does not have adequate insurance, this coverage covers damages to your vehicle and the driver up to the limits specified in the insurance policy and helps pay for your injuries. .
Medical Expenses: This coverage pays for medical and/or funeral expenses for you, your driver and passengers after an accident.
Optional Additional Coverage: Depending on the insurance company you work with and the state your business is in, there may be a variety of additional coverage available. For example, you can purchase insurance coverage when your employees drive or operate a vehicle. A truck not owned by your company.
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If your company car is in the shop, you can buy a rental car. You can choose transport and roadside assistance. Some insurance companies offer very specific coverage to loading and unloading companies because of the increased risk of liability.
The right commercial insurance can protect you, your business, and all the drivers of your commercial vehicles, vans, pickups, or limousines from an accident. One of the most important ways to protect your business is to have adequate liability coverage in case you or one of your employees causes an accident that injures another person or damages their property.
Small business owners and entrepreneurs often use their cars for work without thinking. However, it is important to know that your personal insurance does not cover commercial use of your vehicle.
It is common for a small business owner to send an employee to pick up supplies from a local store or pick up a business consultant from the airport.
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If an employee gets behind the wheel of their own vehicle and the business owner does not have commercial auto insurance that covers that employee and their vehicle, injuries or damages resulting from the accident may not be covered.
No matter how much or how little you and your employees use personal vehicles when running a business, getting the right coverage can prevent a financially damaging incident from putting your business at risk.
An independent agent like First Choice Insurance Group can provide all of your commercial insurance through one office. We can sit down with you, get to know your business and learn how you and your employees operate your business vehicles.
We will ask you several questions to not only get an accurate quote, but also to find any discounts that may be available.
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If you're in the market for Las Vegas commercial auto insurance, or you already have insurance but aren't sure if it's comprehensive or competitively priced, we've got you covered and give you an honest appraisal. you can do better.
In Las Vegas, Nevada's most populous city, residents pay more for car insurance than drivers anywhere else in the state.
Minimum coverage in Las Vegas costs an average of $1,440 per year, which is 40% more expensive than the Nevada average of $1,032 per year.
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State Farm has the cheapest rate for minimum coverage in Las Vegas, paying $871 a year — 40% less than the city average of $1,440.
Progressive has the second best price for minimum coverage. At $1,001 per year, $10 more per month than State Farm. USAA ranked third with an average premium of $1,056 per year.
However, USAA is only available to current military, former military, and certain family members, so apply for that offer when they describe you.
Las Vegas drivers who choose a comprehensive coverage policy can get the lowest rates at State Farm. At $2,011 a year, its rate is $2,000 less than full coverage in the city and $425 less than the second-cheapest insurer, Progressive.
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Comprehensive coverage adds comprehensive coverage and collision coverage in addition to the mandatory minimum coverage required by Nevada law. These covers not only protect the other driver's car, but also protect your car.
If you have a blemish on your driving record—like an accident or a ticket—insurers interpret that as a sign of higher risk and may raise your rates to account for it. Las Vegas drivers are no exception. If you've been in an accident or received a ticket, you'll pay higher rates than drivers with a clean record.
After being involved in a Las Vegas driver-at-fault accident, total coverage rates increase an average of 55 percent, from $4,011 per year to $6,235 per year.
However, you can get much cheaper coverage from State Farm. Our annual at-fault driver award was $2,394, nearly $4,000 less than the city average.
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Speeding tickets tell your insurance company that you are willing to engage in dangerous driving behavior. If you speed, your rates can go up. Average Las Vegas auto insurance rates go up 24 percent after a speeding ticket.
State Farm offers the best rates for full coverage after a speeding ticket. At $2,202 a year, State Farm is 56 percent cheaper than the city average of $4,973.
Driving under the influence (DUI) not only puts your life at risk, but also the lives of those around you on the road. This is why insurers tend to increase rates significantly after receiving a DUI citation.
In Las Vegas, rates go up 60% more after a DUI
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