Whether you own a single vehicle or a fleet of commercial vehicles, you need commercial auto insurance in Vermont. It is one of many types of business insurance that you need to get in order to protect your investments. For example, as an owner operator you would not want to go without commercial truck insurance.
But how does commercial auto insurance benefit your business? It provides liability protection in the event that your business vehicle is involved in an accident or cause injury or property damage. Without insurance, you must pay for these liabilities out of your own pocket. This could potentially cause a significant impact on your business finances.
When buying an auto insurance policy for commercial vehicles in Vermont, you will find that there are many insurance companies that can customize the rates based on your needs. You can specify the limitations and extent of the coverage and the cost will vary accordingly.
The minimum coverage for bodily injury liability in Vermont is $25,000 per person. This coverage limit goes up to $50,000 per accident, when there are two or more persons injured. The minimum coverage requirement for property damage is $10,000. For uninsured motorist coverage, it is $50,000 per person or $100,000 per accident.
As is the case with personal auto policies, there are various premium rates that are attached to your commercial auto insurance policy. These factors include vehicle type, number of vehicles, use of vehicles, distance traveled, coverage limits, and auto insurance claims history.
As of 2020, the annual auto insurance rates in Vermont as per state minimum range from $300 to $800. This rate could go up to $2,000 annually for a full coverage.
It is important to evaluate the nature of your business and how much you depend on your vehicles for your business operations. This will help you determine the value of these vehicles and the level of protection you need.
336 Watertower Cir, Colchester, VT 05446
(802) 861-4477
http://www.rigprotect.com/
110 Main St Ste 300, Burlington, VT 05401
(802) 862-1600
http://www.turnbaughinsurance.com/
41 Idx Dr #135, South Burlington, VT 05403
(802) 865-8000
https://www.tspeck.com/
2 Market Pl # 5, Essex Junction, VT 05452
(802) 878-8156
http://www.marketplaceinsurance.com/
11 Chelsea Cir, South Burlington, VT 05403
(802) 764-8358
https://www.progressive.com/agent/local-agent/vermont/south-burlington/
105 Depot St, Stowe, VT 05672
(802) 253-4855
http://stoweinsurance.com/about-us/companies-we-represent/
1967 VT-74, Cornwall, VT 05753
(802) 385-1189
http://www.dewittblake.com/
161 Austin Dr, Burlington, VT 05401
No phone number found
https://www.progressive.com/agent/local-agent/vermont/burlington/