In South Carolina, there is an average of 140,000 accidents involving all kinds of vehicles per year. For every 26 accidents, 1 of them involves commercial vehicles, particularly trailers and commercial trucks. Due to the size of these vehicles, they pose more danger on the road and can cause extensive damage to property and other vehicles.
Electing not to cover your vehicles with commercial auto insurance can be costly – literally speaking. The annual cost of auto insurance claims in South Carolina can be worth millions of dollars. It is important to comply with the federal and legal requirements within the state to operate your commercial vehicles legally.
When shopping for commercial auto insurance in South Carolina, it is important to note that there are several vehicle types and each one can entail different rates. For example, the cost of insuring cargo vans cost differently from heavy trucks. The purpose of the vehicle for your business operations can also be an integral factor in determining the insurance rate.
The longer the miles driven and the more time spent on the road, the higher the risks involved. You can customize the inclusions on your policy based on the risks; this is the best way to protect your business and its assets.
The average cost of insurance for passenger commercial vehicles is at a minimum of $1.5 million for single-limit liability coverage. For vehicles that can accommodate more than 16 passengers, this limit goes up to $5 million. For property carriers, the minimum coverage is $500,000 for non-hazardous freight of 10,000 lbs. or less.
When it comes to minimum liability coverage set by the state law for liabilities, it is $25,000 per person or $50,000 per accident for bodily injury. When involved with uninsured motorist, the insurance coverage should be no less than $25,000 per person.
572 John Ross Pkwy, Rock Hill, SC 29730
(980) 475-8075
http://www.statecoinsurance.com/
2736 TV Rd, Florence, SC 29501
(843) 678-3669
http://www.insforless.com/
4612 O'Hear Ave, North Charleston, SC 29405
(843) 849-4929
https://ins.jdwinsured.com/south-carolina/
84 Villa Rd Suite 200, Greenville, SC 29615
(864) 240-7387
https://www.scinsbrokers.com/
4064 W Beltline Blvd, Columbia, SC 29204
(803) 256-8983
http://www.saulsinsurance.com/
800 S Pleasantburg Dr, Greenville, SC 29607
(864) 233-1671
https://bentonandparker.com/
1122 Pinopolis Rd, Moncks Corner, SC 29461
(843) 761-3999
http://www.swampfoxagency.com/
2100 Poinsett Hwy Ste J1, Greenville, SC 29609
(864) 271-7230
https://autoinsurancespecialistsc.com/