Commercial Auto Insurance

Texas businesses must purchase a minimum amount of commercial auto insurance to fulfill the state’s requirements. Contact the commercial vehicle insurance experts at M A R Financial Group today to build your tailored policy.  

How Much Commercial Auto Insurance Do I Need In Texas? 

Texas companies must carry minimum amounts of liability coverage. This insurance helps provide financial protection for the insured business.  

• Bodily injury liability coverage helps pay for a third party’s medical care after an at-fault accident.

• Property damage liability coverage helps pay to repair or replace a third party’s property after an at-fault accident.

• Personal injury protection (PIP) coverage is included with auto insurance in Texas unless you sign a waiver. This policy helps cover various medical expenses if passengers in your company’s vehicle are hurt in a collision.

Texas requires certain commercial vehicles, including semi trucks, to carry higher minimum liability limits. 

Commercial Auto Insurance Vs. Personal Auto Insurance 

Whether the vehicle is used for business or personal use, minimum liability insurance requirements apply in Texas. If you use a vehicle for business purposes, it’s crucial to have commercial auto insurance. 

If you are in an accident, your personal auto policy may not cover a claim if the incident occurred while you were using the vehicle in the course of everyday business activities. Your agent may recommend hired and non-owned auto insurance for appropriate coverage.  

What Does Commercial Auto Insurance Cover? 

In addition to liability and PIP coverage, you may choose to purchase business auto insurance policies that provide additional financial protection, including:  

• Collision insurance helps pay to repair or replace your company’s vehicle after an accident, regardless of who is at fault.

• Comprehensive insurance helps pay to repair or replace your company’s vehicle after non-collision-related damage such as fire, vandalism or theft.

• Uninsured/underinsured motorist coverage helps pay for damage to a covered vehicle and injury-related medical costs if the driver who caused the accident doesn’t have adequate insurance coverage.

• Hired and non-owned auto (HNOA) insurance helps cover leased, personal and rented vehicles used by your company.

• Umbrella insurance helps extend liability coverage if a claim exceeds the limits of your company’s other liability policies.

If your company leases or finances vehicles, your lienholder requires full coverage auto insurance, which includes liability, collision and comprehensive coverage. Talk with your agent to make sure your commercial car insurance meets your lienholder’s requirements.  

How To Get Commercial Auto Insurance 

Contact M A R Financial Group in San Antonio, Texas, today to get the commercial auto insurance policies you need to remain in compliance with Texas laws and get a personalized quote.