Last updated: July 19th, 2022
Reviewed by
Grant Desselle
Licensed Insurance Agent
If you’re a business owner in Arizona, you know that having the right commercial auto insurance is essential. But with so many different options available, it can be difficult to know which policy is right for your business.
In this article, we’ll explore the different types of commercial auto insurance available in Arizona, and how to get the best rates. By the end, you’ll have a better understanding of commercial auto insurance in Arizona and be able to make a more informed decision about your policy.
Table of Contents
As a business owner, you know that protecting your assets is important. But did you know that your personal auto insurance policy may not cover damages if you’re using your vehicle for business purposes?
That’s why having commercial auto insurance is so important. Here are three reasons why you should have a policy in place:
In Arizona, a commercial vehicle is any vehicle used for business purposes. This includes cars, trucks, vans, and SUVs.
If you’re using a personal vehicle for business purposes, you’ll need to make sure that it’s properly insured. Otherwise, you could be at risk of paying for damages out of pocket.
The minimum requirements for commercial auto insurance in Arizona are the same as personal auto insurance. You must have liability insurance to cover damages to other people and property if you’re at fault in an accident.
The minimum liability limits in Arizona are:
However, it’s important to note that these minimum limits may not be enough to cover the cost of an accident. If you’re at fault in a serious accident, you could be sued for damages that exceed your policy limits. You may want to consider increasing your liability limits to protect your business.
There are other types of coverage that you may want to consider adding to your commercial auto insurance policy. This includes:
Commercial auto insurance in Arizona works similarly to personal auto insurance, but there are some important differences to be aware of.
For instance, most personal auto insurance policies have limits on how much coverage is available. But with commercial auto insurance, there is usually no limit to the amount of coverage you can purchase.
Additionally, commercial auto insurance typically covers more than just the vehicle itself. It can also provide coverage for things like equipment, tools, and other property that’s stored in or on the vehicle.
And finally, commercial auto insurance can provide coverage for injuries that occur as a result of an accident. This includes medical expenses, lost wages, and pain and suffering.
How much would Arizona commercial insurance cost? The cost of commercial auto insurance in Arizona will vary depending on a number of factors, such as the type of business you have and the amount of coverage you need. However, the cost of commercial auto insurance in Arizona is around $1,200 per year.
Other factors that can affect the premium fees associated with commercial car insurance are:
To get the best possible rate on commercial auto insurance in Arizona, it’s important to compare quotes from multiple insurers. In addition, be sure to ask about discounts that may be available, such as a safe driver discount or a multi-policy discount.
Some of the top commercial auto insurance providers in Arizona include :
Compare quotes from these and other leading commercial auto insurance providers in Arizona to find the best rates and coverage for your vehicle.
Looking for commercial auto insurance in Arizona? Insurancy makes it easy for you to determine which providers offer the best coverage that meet your needs and budget. We’re an independent insurance comparison service that allows you to compare quotes from multiple insurers in one place.
Brian is the founder and CEO of Insurist and carries Life, Health, and Property & Casualty licenses in all 50 U.S. states. Since 2013, Brian has been a member of Million Dollar Round Table, a designation for the top 1% of financial advisors worldwide. Brian has been featured in Yahoo! Finance, Money.com, Entrepreneur.com, Life Happens, Forbes, MSN, and Good Financial Cents. Brian’s goal is to show customers the best products, the quickest answers to their questions, and provide expert advice.
Grant's past experience includes work as a licensed sales agent for Hagerty Insurance. He has reviewed thousands of existing auto policies across the nation and issued hundreds of new ones on everything ranging from classic cars undergoing restoration to modern exotics and motorcycles.
