Commercial Auto Insurance in Illinois

If you drive a vehicle for business reasons, a personal auto insurance policy likely will not cover you. Instead, you need a commercial auto insurance policy.

Insurance Navy is your source for affordable commercial auto insurance in Illinois. We make finding the right coverage simple with free online quotes and expert customer service.

Whether you are a small business owner in Peoria looking to insure all work vehicles or a contractor in Naperville needing a single commercial auto policy, we’ll match you with the best coverage for your needs.

Who Needs Commercial Auto Insurance in Illinois?

Personal auto insurance only covers driving for personal reasons. You need commercial auto insurance if you drive a vehicle for business purposes.

Vehicles that generally need commercial coverage are listed below.

Business-owned vehicles, such as food trucks
Vehicles used to transport others, such as taxis and delivery services
Vehicles used to transport goods, such as work vans or utility trucks
Vehicles used solely for work-related errands
Vehicles used to visit client sites, customers’ homes, or for any other business purposes

The person or party that owns a commercial vehicle should purchase commercial auto insurance for it. If you are a business owner with a fleet of company vehicles, you need coverage for each one. Meanwhile, if you are a contractor using a vehicle for work purposes, you need a commercial auto policy.

Personal auto policies don’t cover business-related accidents. If your insurance company finds out you were using a personal policy for business driving, it won’t cover the accident. It may also accuse you of insurance fraud.

Instead, it’s best to have a separate business insurance policy. This policy offers several benefits, such as protecting your company against liability and financial losses and keeping you compliant.

Whether you need auto insurance for a dump truck or a tow truck, our licensed insurance agents will recommend the right commercial auto coverage for you.

Why Is Commercial Auto Insurance Necessary?

Commercial vehicle insurance in Illinois gives several significant benefits for your company. The business insurance benefits are listed below.

Protection against liability: If you or one of your employees is at fault in a car accident with a company vehicle, commercial auto liability coverage protects your small business against liability. You can pay out the claim through the liability insurance policy rather than from your business’s revenue.
Coverage for collision and comprehensive risks: Often, commercial auto insurance covers collisions with other vehicles and physical damage from natural disasters, vandalism, and more. This type of insurance policy offers significant protection to minimize business costs in an accident.
Compliance with state regulations: A Business auto liability policy isn’t just a good idea. It’s a legal necessity in Illinois. Without it, you won’t have liability coverage that extends to business activities, violating the state’s minimum liability insurance requirements.

Types of Commercial Vehicle Insurance in Illinois

Several types of business insurance coverage can make up a commercial auto policy. Consider including all of the following types of coverage in your commercial vehicle insurance policy to fully cover business vehicles.

Liability Coverage

All commercial auto policies include liability coverage. The state of Illinois requires that drivers maintain the following commercial minimum liability coverage:

$25,000 per person for bodily injury liability coverage
$50,000 per accident for bodily injury liability coverage
$20,000 per accident for property damage liability coverage

Liability policies cover the costs other drivers incur in an accident when you (or your workers and partners) are at-fault. These costs can include reimbursements for property damage or medical bills. While these minimum auto liability limits are required in Illinois, consider increasing your liability limits to further reduce the burden of an at-fault accident on your business’s revenue.

Collision Coverage

Collision coverage helps pay to repair or replace your work vehicle after an accident. If your vehicle plays an essential role in business operations, you likely will not want to go long without it. Repairing or replacing it out of pocket can be expensive, but the cost of collision coverage is much lower.

Comprehensive Coverage

Comprehensive insurance covers damage to your work vehicle that is not caused by a collision. It can pay to repair or replace a vehicle after:

Theft
Vandalism
Natural disasters
Weather events
Animal damage

Uninsured/Underinsured Motorist Coverage

Uninsured motorist coverage helps pay for the damage to your vehicle after accidents involving uninsured motorists. Underinsured motorist coverage does the same, but for instances where the at-fault driver does not have enough coverage to pay for all your expenses.

Rental Car Coverage

If a serious accident ever leaves you without a business vehicle for an extended time, rental car coverage can pay for you to rent a car in the meantime.

What Does Commercial Auto Insurance Not Cover?

While you can seek comprehensive coverage through a commercial auto insurance policy in Illinois, the policy likely will not cover the following:

Accidents in which an employee drives a personal vehicle for business purposes
The items or belongings inside a business vehicle
Medical expenses unrelated to the accident

Illinois Commercial Auto Insurance Cost

At Insurance Navy, we specialize in providing affordable business vehicle insurance to small business owners like you. We will quote you with several of the top commercial auto insurance companies in Illinois to find the best prices and coverage.

Insurance companies consider all of the following factors to determine premiums:

Types of vehicles insured
Driving history and safety driving records
Industry and profession
Geographic location
Specific coverage requirements
Claims history

After acquiring a few commercial auto insurance quotes, we will help you choose the right policy for your needs and thoroughly explain every aspect of your coverage.

Commercial vehicle insurance costs, on average, between $100 and $200 per month per vehicle. We can help you explore discounts that may lower the costs, such as bundling your commercial and personal policies or paying the policy in full rather than monthly.

Gain Peace of Mind With Commercial Auto Insurance From Insurance Navy

Protect your small business from liabilities and your employee’s interests with affordable Illinois commercial auto insurance. Our licensed, professional insurance agents would be happy to explain this coverage and match you with the right policy. Whether you’re in Chicago, Joliet, Aurora, or anywhere else in Illinois, we have you covered!

Contact an Insurance Navy insurance agent today to request a free quote. We have over 25 Illinois locations, or we can complete the process entirely online.

Frequently Asked Questions

What are the requirements for commercial insurance in Illinois?

The requirements for commercial insurance in Illinois include having minimum liability coverage on commercial auto policies. You also cannot rely solely on personal car insurance if you use your vehicle for business purposes. You need separate business auto coverage.

Who has the best commercial vehicle insurance?

The best commercial vehicle insurance depends on your business type, vehicle type, vehicle usage, and many other factors. We will review all of your criteria and match you with a commercial policy that checks your boxes.

What is the difference between commercial and business auto insurance?

Commercial auto insurance and business auto insurance are often used interchangeably, but some insurers distinguish between these terms. In certain cases, business auto insurance policies cover vehicles driven on the road for business purposes. Commercial auto insurance covers vehicles used specifically for business purposes, such as food trucks or construction vehicles.

Is commercial auto insurance cheaper?

Commercial auto insurance in Illinois typically isn’t cheaper than personal vehicle insurance. Business policies often have higher premiums because commercial vehicles tend to cause more expensive accidents that have larger implications than personal ones. Still, our insurance agents can help you find the best rates available.