The Montana state law requires that all business vehicles operating in the state must carry commercial auto insurance policy. This type of policy is different from a personal auto insurance coverage since it is designed specifically for business use. After all, you want to protect your business asset – such as the vehicle and the cargo it carries – in the event of damage or accidents.
The minimum liability coverage requirement for property damage in Montana is $20,000 per accident. For bodily injury, the minimum coverage is $25,000 per person (or $50,000 per accident if two or more are injured). When it comes to property damage, there is a minimum coverage requirement of $10,000.
Imagine if you were to spend that amount out of your own pocket. It would mean a loss of revenue for your business and put a serious dent on your finances.
The crash statistics in Montana indicates that commercial trucks and large vehicles are involved in 6% of vehicle collisions in the state. In the past decade or so, the types of commercial vehicles that were involved include trucks and trailer trucks. There is an annual average of 22 crashes involving trucks in Montana.
The short answer is that it is pretty costly. Fatal collisions involving semi trucks and heavy trucks cost an average of $1.42 million in liabilities. Even minor property damage can set you back by thousands of dollars!
It is important to compare various commercial auto insurance policies in Montana. This will protect you from financial loss when you are dealing with injuries, property damage, natural disasters, theft, and vandalism. You cannot afford disruptions to your operations or any additional costs that would be a burden for your business.
2047 Broadwater Ave, Billings, MT 59102
(406) 252-3411
http://willistontruckinginsurance.com/
141 E Santa Clara St, San Jose, CA 95113
(347) 279-5833
https://www.progressivecommercial.com/commercial-auto-insurance/
2540 Kent Ave, West Lafayette, IN 47906
(765) 463-1878
http://www.truck-insure.com/
401 S Orange St c, Missoula, MT 59801
(406) 926-2552
https://www.summitinsurancemt.com/
27 Grand Ave, Billings, MT 59101
(406) 294-0202
https://www.progressive.com/agent/local-agent/montana/billings/commercial-risk-managers-llc/
100 N, FL-7 #106, Margate, FL 33063
(954) 583-7213
http://www.truckinsurancestop.com/
25303 Interstate Hwy 45, Spring, TX 77380
(281) 367-9493
http://www.aaatruckinsurance.com/