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In 2022, the national average monthly cost for commercial auto insurance through Progressive ranged from $215 for contractor autos to $1,125 for for-hire transport trucks.‡‡ Multiple factors affect your rate, including your driving history, coverage needs and profession. In other words, your cost will be unique to you.
Progressive Commercial is the #1 commercial auto insurer in America.* We can help you customize your company’s policy to get the right coverage at a reasonable cost. See how your business type can affect your commercial auto insurance cost.
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How much can you expect to pay for commercial auto insurance?
Multiple factors, such as your vehicle type, play a role in determining your premium. Other factors, such as coverage needs and claims history, can affect the price of insurance. But we’ll help you find ways you can save by identifying potential discounts and exploring different coverage amounts.
Progressive will help you find your best commercial auto insurance rates. Get a quote and protect your business today.
DISCLOSURE: 2022 national average premium per power unit for new 12-month policies with liability and physical damage coverages. Coverages not available in all states or for all vehicles and coverage selections. Progressive Casualty Ins. Co. & affiliates.
Average commercial auto insurance cost by business type
Business Auto
Average monthly rate: $226‡‡
Business auto customers use vehicles like cars, SUVs, small trucks and vans for work. Some professions in this category include cleaning services, restaurants and shops.
The average cost for business auto insurance is typically higher than a personal auto policy because it has higher limits, or more coverage, in case of an accident. Also, a personal auto policy won’t cover you if your vehicle is in a work-related accident.
Business auto insurance is usually the best value for small business owners because it protects you on both commercial and personal errands.
Learn more about commercial auto insurance.
Contractors
Average monthly rate: $215‡‡
Contractors, sub-contractors and independent tradespeople use commercial autos like pickup trucks, cargo vans, SUVs and trailers to transport tools and equipment on the job.
Typical professions with a contractors commercial auto policy include carpenters, electricians, landscapers and painters.
The average rate for commercial auto insurance for contractors is $215 per month. However, your rate depends on vehicle type and coverage needs. For example, a pickup truck with a ladder rack and permanently attached toolbox might cost more to insure than a standard truck without additional features.
Learn more about contractor's insurance cost and coverages.
For-Hire Truck
Average monthly rate: $736-$1,125‡‡
The average monthly commercial truck insurance cost varies by vehicle and load type. Truckers who transport miscellaneous goods or heavy cargo can expect to pay more for insurance than a trucker who specializes in transporting a specific material.
For-hire specialty trucks cost an average of $736 per month to insure. These trucks tend to have a lower premium because they focus on transporting one type of good. Log haulers, gravel haulers and garbage trucks are just a few of the many vehicles that fit this description.
For-hire transport trucks have an average monthly premium of $1,125. These trucks are usually heavy freight trucks, like semis, that haul miscellaneous goods for others. Some examples of for-hire transport customers include general haulers, expeditors and owner-operators.
Learn more about commercial truck insurance cost and rating factors.
Tow Truck
Average monthly rate: $534‡‡
Tow truck businesses offer roadside assistance and transportation for disabled vehicles using wreckers or rollbacks. Towing businesses, auto body shops, mechanics and salvage haulers are some examples of businesses that commonly need this coverage.
The average monthly cost for a new tow truck insurance policy is $534. This premium is based on standard coverages, including bodily injury, property damage and physical damage.
Your location, type of towing and coverage needs will determine your custom rate. For example, adding additional protections, such as Garagekeeper’s Legal Liability and On-Hook Towing, can increase your premium.
Learn more about tow truck insurance cost, coverages, and discounts.
Determining your commercial vehicle insurance rate
The average commercial auto cost isn’t necessarily what you’ll pay. Many customers have a monthly premium closer to the median price because expensive outliers often drive up the average cost.
Your rate depends on specific features of your business, including coverage needs and driving history. Discover the factors that influence your premium and how to get affordable commercial auto coverage.
Commercial Customer | Median Cost | Average Cost |
---|---|---|
Business Auto | $226/month | $175/month |
Contractors | $215/month | $172/month |
For-Hire Specialty Truck | $736/month | $649/month |
For-Hire Transport Truck | $1,125/month | $1,068/month |
Tow | $534/month | $396/month |
The best way to learn your commercial auto insurance cost is to get a quote.
Save on your commercial auto insurance cost
If you’re looking for insurance that’s right for your business, Progressive Commercial has you covered. We’ll help you save on commercial auto insurance and customize a policy for your work vehicles.
We also offer a variety of discounts and other ways to save, including:
- Prior Auto Insurance Discount
- Package Policy Discount
- Paid In Full Discount†
- Business Experience Discount
- Snapshot ProView®
- Smart Haul® Program
Call us or start a quote online to get your commercial auto insurance cost.
More information
- Learn more about commercial auto insurance in your state
- What does commercial auto insurance cover?
- Commercial auto vehicles we insure
- Commercial auto quote checklist
Start a quote to learn your commercial auto insurance cost
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