Idaho Commercial Vehicle Insurance
Get a full analysis of Idaho 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 Idaho
The state of Idaho is home to one of the fastest-growing economies in the nation. From a large computer component sector to a quickly growing population, Idaho has become primed and ready for business. Commercial auto insurance is a crucial policy that can protect Idaho business assets from the costs of liability claims and more. Find out below how to get quotes and coverage for your Idaho business.
An independent insurance agent can help you get set up with the right Idaho commercial vehicle insurance. They'll get you matched to the right policy fast. First, though, here's a deep dive into commercial auto insurance in Idaho.
Best Commercial Vehicle Insurance Companies in Idaho
Start by looking into the best commercial auto insurance companies in Idaho when you're ready to get coverage. Here are just a few of our top recommendations.
- Progressive: Progressive sells commercial auto insurance and many other personal and business coverages. The insurer has excellent financial strength ratings and provides 24/7/365 customer service.
- EMC Insurance Companies: EMC Insurance sells commercial vehicle insurance and many other types of business insurance. The insurer has outstanding ratings from AM Best and the Better Business Bureau (BBB), affordable policies, and 24/7 customer service.
- Liberty Mutual: Liberty Mutual sells commercial auto insurance and many other business and personal insurance products. The insurer is a Fortune 500 company with great AM Best and BBB ratings and provides 24/7 claims reporting.
- Nationwide: Nationwide sells commercial auto insurance and many other personal and business insurance products. The insurer has excellent ratings from AM Best and the BBB and provides 24/7 claims reporting.
An Idaho independent insurance agent can easily help you find the right commercial auto policy for your business.
What Commercial Vehicle Insurance in Idaho Can Cover
Idaho commercial vehicle insurance aims to protect company vehicles from a number of different angles. You can expect to find some or all of the following in a commercial auto policy in Idaho:
- Collision insurance: Covers costs related to any damage to your business vehicles from a collision with another driver, regardless of fault.
- Comprehensive insurance: Covers costs for damage to your business vehicles due to a non-collision event such as a flood or theft.
- Uninsured/underinsured motorists insurance: Covers any costs related to accidents involving other drivers who don't carry enough or any car insurance of their own to pay for their portion of the expenses.
- Medical payments insurance: Covers any costs related to medical treatments if a company driver or their passengers get injured in an accident while using a company vehicle for business purposes.
- Liability insurance: Covers the costs of property damage or bodily injury your business causes a third party with a company vehicle.
A commercial auto policy is required to complete Idaho commercial vehicle registration. An independent insurance agent in Idaho can help your business get the coverage it needs.
How Much Commercial Vehicle Insurance Is Required in Idaho?
Idaho commercial vehicle regulations must be common knowledge for business owners in the state. A commercial auto insurance policy in Idaho must have at least the following types and amounts of coverage by state law:
- Bodily injury liability insurance: Coverage of at least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required for businesses with company vehicles in Idaho.
- Property damage liability insurance: Coverage of at least $15,000 per incident of property damage liability coverage is required for businesses with company vehicles in Idaho.
This breaks down to basic commercial auto insurance requirements of 25/50/15 in Idaho. Further, Idaho commercial vehicle enforcement exists to ensure that your business complies with state requirements for coverage. Otherwise, your business could be hit with state penalties like fines or worse.
What Commercial Vehicle Insurance in Idaho Will Not Cover
Commercial vehicle insurance in Idaho comes with various coverage exclusions. Look out for these possible exclusions and others in your business's policy:
- Environmental pollution damage to company vehicles
- Damage to other business property that can be covered by commercial property insurance
- Injuries to employees that can be covered by a workers' compensation policy
- Any intentional damage or injuries caused by employees using company vehicles
- Commercial vehicle accidents caused by employees who were intoxicated
Your Idaho independent insurance agent can help you find the exclusions listed in your business's commercial auto policy.
Find Commercial Auto Insurance
Our independent agents shop around to find you the best coverage.
Average Cost of Commercial Vehicle Insurance in Idaho
The average cost of commercial auto insurance in Idaho is around $147 per month. The cost of coverage can vary depending on multiple factors, however, like:
- The type and amount of company vehicles that need insurance
- How frequently and where all company vehicles are used
- The driving history of all employees who operate company vehicles
- Your business's size, annual revenue, and location
- Your company's claims history
- The kind of coverage in your policy
An independent insurance agent in Idaho can help you better understand the factors that can influence your commercial vehicle insurance premiums.
Popular Questions about Idaho Commercial Vehicle Insurance
You'll likely need commercial auto insurance if your Idaho business uses company vehicles. If these vehicles are used for business purposes such as deliveries, a policy is required for your business.
Idaho state law requires businesses that use company vehicles for business operations to have commercial auto insurance. Businesses must at least be equipped with liability coverage provided by a commercial auto policy.
In Idaho, commercial auto insurance must at least include bodily injury liability and property damage liability coverage. But your company's policy can be customized to better meet your needs and extra coverages can be added, such as uninsured motorist.
In Idaho, a commercial auto insurance policy must at least include $25,000 in bodily injury liability per person and $50,000 per accident, as well as $15,000 of property damage liability coverage. You can add more coverage to your business's policy if you choose.
Your business can claim commercial vehicle insurance premiums as a business expense on its taxes. The total annual cost of your business's policy can be deducted from its total taxable income.
In Idaho, commercial auto insurance covers at least bodily injury liability and property damage liability. But your business's policy will cover whatever is dictated by each type of coverage chosen by you and your independent insurance agent.
The average cost of a commercial auto insurance policy in Idaho is about $147 monthly. The exact location of your business, the amount of company vehicles you must insure, and other factors can all impact the cost of your specific policy, however.
Idaho independent insurance agents can pull quotes and shop and compare policies from multiple commercial vehicle insurance carriers in your area. They'll ultimately get you matched to a policy that offers the best blend of coverage and cost. Better yet, your agent can help your business file claims down the road and update your coverage as necessary.
https://www.insureon.com/small-business-insurance/commercial-auto/idaho