Louisiana commercial auto insurance is designed to protect your business from financial loss from an accident. Like most states in the US, Louisiana state law requires auto insurance on all commercial vehicles operating within the state. If you use vehicles for business or commercial purposes, whether transporting goods or people, then you definitely should get one.
According to the Louisiana Department of Insurance, insurance claims are on the rise in the state. This is due to the growing number of traffic crashes in major cities like Baton Rouge, New Orleans, and Shreveport. The frequency of traffic collision in the state is higher than the national average. The same goes with fatal crashes. This has resulted to an average of $50,000 worth of lawsuits per year in the state, which is way above the next closest state, Maryland, at $15,000.
When obtaining commercial auto insurance policy in Louisiana, there are minimum liability coverage requirements that must be met. For bodily injury, the minimum liability limit is $15,000 per person or $30,000 per accident. Meanwhile, the minimum coverage for property damage is $25,000.
These limits are set in place for traditional vehicles but you can expect higher coverage limits for larger vehicles or certain vehicle types. Semi trucks and large vehicles are required to obtain a commercial auto insurance policy with a combined single limit of $750,000. This is a must for large vehicles that travel for interstate commerce.
The minimum coverage limit indicated above applies to all vehicles. However, insurance companies will provide each vehicle with a different quote based on a number of factors.
One of them is the location of your business and the traditional route for the vehicle. For example, the cost of insurance for commercial vehicles in New Orleans will cost more than those in smaller cities such as Houma. The area’s susceptibility to natural-related risks (such as floods or hurricanes) can also impact the cost of insurance policy.
37410 Ascension Parish Rd b, Prairieville, LA 70769
(225) 490-5678
http://www.louisianatruckinsurance.com/
69142 LA-59 UNIT A, Mandeville, LA 70471
(985) 871-0006
http://www.americantruckinsurance.com/
4606 Bluebonnet Blvd, Baton Rouge, LA 70809
(225) 293-0450
http://www.lainsurance.net/
1010 N Lake Arthur Ave, Jennings, LA 70546
(337) 824-4455
No website found
107 Regency Pl A, West Monroe, LA 71291
(318) 388-5992
http://www.aaccelerated.com/
1006 W Morris Ave A, Hammond, LA 70403
(985) 340-2158
http://www.ais-la.com/
4670 I-49 Frontage Rd, Opelousas, LA 70570
(337) 948-8186
https://dcgagency.com/
201 Energy Pkwy #402, Lafayette, LA 70508
(337) 706-9080
http://www.haikinsurance.com/