Commercial Auto Insurance
Commercial Auto Insurance Information
Illinois Commercial Auto Insurance
Auto insurance is mandatory for all Illinois drivers, regardless of the shape, size or use of their vehicles. Whether you drive primarily in greater Chicago or in other areas of the state, you need this coverage to back you up in case of unexpected problems.
Coverage is especially necessary for those operating vehicles on behalf of a business, and to get adequate protection, they must enroll in commercial auto insurance. The dedicated team at Alteza Insurance is ready to help every commercial vehicle operator get the coverage that will help them feel most secure behind the wheel.
To get a policy quickly and conveniently, call us today at (630) 830 – 4500. You can request a policy online by filling out a free quote form now. Our agents are ready to help.
Common Commercial Auto Insurance Questions
Why do I Need Commercial Auto Insurance?
All drivers face accident risks and other vehicle liabilities. If a business is the owner or operator of a vehicle, however, then these risks are going to be compounded. When accidents occur, it is the business that stands to lose money as it tries to pick up the pieces of these accidents. It is only commercial auto insurance that will provide the coverage necessary to support the business as it picks up the pieces.
What Does Commercial Auto Insurance Cover?
The average commercial auto insurance policy can offer numerous perks, including:
Hired/Non-Owned Auto Liability Insurance: This liability coverage extends to vehicles not owned by the business but used by them for business purposes. These might include employees’ personal cars or vehicles that you rent or hire to use temporarily.
Collision Insurance: This covers damage to your own vehicle that you sustained in a wreck.
Comprehensive Insurance: This coverage pays for damage from non-accident mishaps, such as weather damage, fires, theft, vandalism or similar accidents.
Medical Payments Coverage/Personal Injury Protection: If you get hurt in an accident, this coverage can pay for your medical bills. Sometimes, it will cover other losses, such as lost income.
Uninsured/underinsured Insurance: This insures you against damage caused by someone else who doesn’t have appropriate liability coverage. If you are the victim of a hit-and-run, for example, then this coverage can pay for your car’s damage.
Additionally, other policies and endorsements might help you expand your benefits, such as:
When is Commercial Auto Insurance Required?
Numerous vehicles might need commercial auto insurance, such as:
Vehicles or fleets owned by businesses.
Business-owned vehicles provided to employees for full-time use.
Employee-owned vehicles driven for business purposes.
Privately owned and operated vehicles that qualify as commercial vehicles.
By law, all Illinois drivers must carry at least the following coverage:
$25,000 Bodily Injury Liability Coverage per person
$50,000 Bodily Injury Liability Coverage per accident
$20,000 Property Damage Liability Coverage
Please note, commercial truckers or those who operate specialty commercial vehicles might face higher coverage requirements. Speak to your agent to learn more.
How Much Does Commercial Auto Insurance Cost?
Numerous risk factors, such as the size of your fleet, the value of your vehicles, your chosen coverage limits and location can influence your commercial auto insurance prices.
Your Alteza Insurance representative is committed to working with you to determine which policy will offer you optimized coverage, but which won’t break the bank. Our partnerships with numerous leading carriers allow us to comprehensively search the market to find you the best of both coverage and price.