As of 2019, there are almost 874,000 businesses operating within Michigan. Each of these businesses requires the use of vehicles for the transport of goods and people. Whether your use of the vehicle is directly or indirectly involved with the business operation, the state law requires that you insure your vehicle.
Commercial auto insurance in Michigan is designed to protect your business from any liabilities in the event of road accidents resulting in injuries or property damage.
In order to determine the cost of obtaining commercial auto insurance in Michigan, there are several factors that must be evaluated. First off, the type of vehicle and the size is the primary factor to be considered. A large dump truck involves more risk when it hits the road. Therefore, it has a higher premium compared to smaller trucks or vans that transport basic goods and cargo.
The location of your business and the travel route of your business vehicles can also impact the cost of commercial auto insurance. Large cities like Detroit will have higher insurance than those vehicles operating in smaller cities like Grand Rapids. The claims history and frequency of vehicle crashes in the area being served can also impact the cost of premium.
Finally, the travel radius of the vehicle is one of those factors that can largely influence the cost of commercial auto insurance. The longer the driving route of your trucks and commercial fleets are, the more costly it is to insure.
When buying insurance policy for your commercial vehicles, it pays to know the coverage limits set by the state.
In Michigan, the minimum coverage for commercial auto insurance is $20,000 per person for bodily injury (or $40,000 per accident if more than one person is injured). The minimum coverage for property damage is at $10,000 per accident.
For othere states, make sure to check the requirements by state.
529 Baldwin St, Jenison, MI 49428
(616) 457-7100
https://www.navigatortruckinsurance.com/
8258 Allen Rd, Allen Park, MI 48101
(313) 278-3800
http://www.curminc.com/
39200 Hayes Rd, Clinton Twp, MI 48038
(586) 350-0828
http://www.globaloneinsagency.com/
115 E Maumee St Suite 110, Adrian, MI 49221
(517) 481-2215
https://www.ctiagencymi.com/
19855 W Outer Dr suite 104-e, Dearborn, MI 48124
(313) 278-3800
No website found
888 W Big Beaver Rd #750, Troy, MI 48084
(248) 362-1313
http://eandyagency.com/
45136 Cass Ave, Utica, MI 48317
(586) 710-7600
http://www.miafs.com/
7581 St John St, Shelby Charter Twp, MI 48317
(586) 286-3727
http://ra-insurance.com/
