Commercial Auto Insurance
Serving commercial drivers in Littleton, Highlands Ranch, Denver, Centennial, and Lakewood, Colorado
What’s the Difference Between Personal and Commercial Auto Insurance?
Driving for work purposes is common if you’re a business owner or are self-employed, but your personal auto insurance policy may not provide adequate coverage. The agents at McDonald Insurance Group are here to help you determine whether you need a commercial auto insurance policy for your business.
What Is Personal Auto Insurance?
Personal auto insurance covers you if you are in an accident while using your own vehicle. This insurance provides coverage if you are driving to and from work and driving for reasons unrelated to your job, but it does not provide coverage for business use. If you get into an accident while driving for work, you will probably not be covered.
Personal auto insurance policies vary, so it’s essential to discuss the extent of your coverage with an agent.
What Is Commercial Auto Insurance?
Generally speaking, commercial auto policies are for vehicles being used for business purposes. You may also need a commercial policy if you lease, finance or own a vehicle that you use for business purposes. In most cases, a commercial auto policy will cover higher claim amounts than personal auto policies.
Examples of business purposes can include but are not limited to the following:
- Transporting goods or equipment
- Driving clients or employees
- Performing a service that you’re paid for
- Charging passengers a fee to ride in your vehicle
- Charging people a fee to transport goods in your vehicle
- Hauling heavy, work-related loads
- Towing a trailer used for business
Contact Us Today
Finding the right insurance coverage for your vehicle is essential. At McDonald Insurance Group, we want to ensure you have the right coverage. Contact your agent today to determine which auto policy is best for your vehicle.
What is the Difference Between Personal Auto Insurance and Commercial Auto Insurance?