Missouri Commercial Vehicle Insurance
Get a complete analysis of Missouri commercial vehicle insurance costs, coverages & companies.
Written by
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 Missouri
Many firms in Missouri rely on commercial auto insurance to cover company-owned vehicles. Businesses in the construction and manufacturing industries often have a fleet of vehicles ranging from large utilitarian trucks to company cars used by sales personnel. Smaller, privately owned businesses, such as florists and cleaning services, also rely on vehicles for daily operations. Regardless of your business's size or industry, if you have at least one company-owned vehicle in Missouri, you need commercial auto insurance.
A Missouri independent insurance agent can help you find the right commercial vehicle insurance for your business. Your agent can ensure you get matched to the appropriate amount of coverage for your unique company. But first, here's a closer look at Missouri commercial auto insurance and what it covers.
Best Commercial Vehicle Insurance Companies in Missouri
When you're searching for the best commercial auto insurance in Missouri, it's helpful to know where to start looking. That's why we've included some of our top picks for the best commercial vehicle insurance companies in Missouri for your convenience. Start by comparing rates and policies from these outstanding carriers:
- EMC Insurance Companies: EMC Insurance sells commercial vehicle insurance and many other types of business insurance. The carrier has outstanding ratings from both AM Best and the Better Business Bureau (BBB), affordable premiums, and 24/7 customer service.
- Liberty Mutual: Liberty Mutual sells commercial auto insurance and many other types of business and personal insurance. The carrier is a Fortune 500 company that offers 24/7 claims reporting and has excellent ratings from both AM Best and the BBB.
- Nationwide: Nationwide sells commercial auto insurance and many other types of business and personal insurance. The carrier has excellent ratings from AM Best and the BBB and offers 24/7 claims reporting.
An independent insurance agent can help your company complete Missouri commercial vehicle regulations by equipping it with the right commercial auto insurance policy. They can provide quotes from these carriers and others.
What Commercial Vehicle Insurance in Missouri Can Cover
In Missouri, a commercial auto insurance policy is likely to include many different types of coverage to fully protect your business. Consider the following coverage options when building your policy:
- Uninsured/underinsured motorists insurance: This covers the costs of accidents with other drivers who don't carry enough car insurance to cover their responsibility for the damages.
- 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.
- 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.
- Collision insurance: This covers the costs of damage to your business vehicles from a collision with another driver, regardless of fault.
Remember, Missouri commercial vehicle registration requirements mandate that any businesses with company-owned vehicles must have at least the minimum amount of commercial auto insurance. A Missouri independent insurance agent can help ensure your business meets these requirements.
How Much Commercial Vehicle Insurance Is Required in Missouri?
It's critical to be aware of just how much commercial vehicle insurance your business is required to have. The state of Missouri mandates the following types and amounts of business auto insurance:
- 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 Missouri.
- Property damage liability insurance: Coverage of at least $25,000 per incident of property damage liability coverage is required for businesses with company vehicles in Missouri.
Missouri's commercial vehicle enforcement can mean strict penalties, such as hefty fines for businesses that fail to secure the mandated amount of commercial auto insurance.
Find Commercial Auto Insurance
Our independent agents shop around to find you the best coverage.
What Commercial Vehicle Insurance in Missouri Will Not Cover
Missouri commercial vehicle insurance doesn't cover all the perils that could befall your business. Know that the following incidents are likely to be excluded by Missouri commercial auto insurance:
- Employee injuries or illnesses caused by the job, which fall under your workers compensation policy
- Any destruction or damage to company vehicles that results from environmental pollutants
- Any intentional damage or bodily harm to others caused by company drivers
- Any accidents or other incidents caused by intoxicated company drivers
- Other company property theft, damage, or destruction that falls under your commercial property insurance policy
An independent insurance agent in Missouri can help you find any other types of business insurance coverage your company may still need.
Average Cost of Commercial Vehicle Insurance in Missouri
It costs an average of just below $150 per month to cover your business with commercial vehicle insurance in Missouri. However, note that these rates can vary greatly depending on the specifics of your unique business, such as its size, location, and annual revenue.
The number of company vehicles you have, and the amount of total coverage you need can also impact your premium rates. An independent insurance agent in Missouri can help you get set up with the right commercial auto policy at the best available rate.
Popular Questions about Missouri Commercial Vehicle Insurance
You might need commercial auto insurance for your Missouri business if your company uses vehicles for work purposes. If your business has company-owned vehicles, you'll need commercial auto insurance.
Missouri state law requires businesses with company-owned vehicles to have business auto coverage. If you run a business that makes deliveries or otherwise relies on company vehicles, it's required by law that you obtain this coverage.
In Missouri, commercial auto insurance plans cover liability at a minimum. However, other types of coverage, such as collision or comprehensive, can be added to your policy for extra protection.
In Missouri, you need to have at least the following types and amounts of business auto insurance:
- Bodily injury liability insurance: Coverage of at least $25,000 per person and $50,000 per accident of bodily injury liability insurance is required.
- Property damage liability insurance: Coverage of at least $25,000 per incident of property damage liability coverage is required.
Your business can deduct its premiums for business auto insurance. Commercial vehicle insurance costs are considered a business expense and are tax-deductible in Missouri.
Missouri's commercial auto insurance must include the minimum types and amounts of mandated coverage, which are bodily injury liability and property damage liability. But your business might choose to add uninsured motorist coverage or other types of business auto insurance to its policy as well.
In Missouri, it costs about $150 monthly to insure your business with commercial auto coverage. However, the cost of your business's policy can vary depending on your company's size, annual revenue, total number of company vehicles, and other factors.
Missouri 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/missouri