When it comes to insuring your business vehicles, Progressive stands out for several reasons. Here’s why many entrepreneurs trust Progressive with their commercial auto insurance needs:
1. Wide Range of Coverage Options
Progressive offers customizable policies tailored to various industries, including:
- Delivery services
- Construction businesses
- Landscaping companies
- Food trucks and catering services
- Contractors and tradespeople
No matter your industry, Progressive can adapt its offerings to suit your specific risks and requirements.
2. Competitive Pricing
Progressive is known for its affordable rates, especially for businesses with clean driving records. Additionally, they offer discounts for bundling policies, installing safety equipment, and maintaining a claims-free history.
3. User-Friendly Tools
Progressive’s website and mobile app make it easy to manage your policy, file claims, and access resources like roadside assistance. Their Snapshot® program—a usage-based insurance tool—can help safe drivers save even more.
4. 24/7 Claims Support
Accidents don’t follow a 9-to-5 schedule, and neither does Progressive’s claims team. With round-the-clock support, you can report incidents and get help whenever needed.
What Does Progressive Commercial Auto Insurance Cover?
Progressive’s commercial auto insurance policies are designed to protect your business from financial losses related to vehicle accidents, theft, and other unforeseen events. Here’s a breakdown of the key coverages:
1. Liability Coverage
This is the foundation of any commercial auto policy. It covers damages and injuries you or your employees cause while operating company vehicles. For example, liability coverage will pay for repairs and medical expenses if your delivery driver accidentally hits another car.
2. Collision Coverage
Collision coverage pays for repairs if your vehicle collides with another object (e.g., another car, a tree, or a guardrail). This is particularly important for businesses that rely on their cars daily.
3. Comprehensive Coverage
This protects against non-collision-related incidents, such as:
- Theft
- Vandalism
- Natural disasters (e.g., hailstorms or floods)
- Falling objects
For instance, comprehensive coverage will handle the repairs if a tree branch falls on your work truck during a storm.
4. Medical Payments Coverage
Also known as MedPay, this optional add-on covers medical expenses for anyone injured in an accident involving your commercial vehicle, regardless of fault.
5. Uninsured/Underinsured Motorist Coverage
If an uninsured or underinsured driver causes an accident, this coverage ensures your business isn’t paying the bill for damages or injuries.
6. Non-Owned and Hired Auto Coverage
If your employees use personal vehicles or rented cars for work, this coverage extends protection beyond your owned fleet. It’s ideal for businesses without dedicated company vehicles.
How Much Does Progressive Commercial Auto Insurance Cost?
Progressive commercial auto insurance costs vary based on several factors, but businesses can expect to pay between $1,500 and $3,000 annually per vehicle. However, your actual premium will depend on:
Key Factors Influencing Premiums:
- Type of Business: High-risk industries (e.g., construction) typically face higher rates.
- Vehicle Usage Vehicles for long-distance deliveries or hazardous tasks may require additional coverage.
- Driver History: Clean driving records result in lower premiums.
- Location Urban areas with heavy traffic and higher crime rates often have increased costs.
- Fleet Size:L Large fleets may qualify for bulk discounts but could also incur higher overall expenses.
Provide detailed information about your business, vehicles, and drivers for accurate quotes.
How to Get a Progressive Commercial Auto Insurance Quote
Whether you prefer online tools or speaking with an agent, obtaining a quote from Progressive is straightforward. Follow these steps:
Step 1: Visit Progressive’s Website
Head to Progressive’s commercial auto insurance page and click “Get a Quote.” You’ll be prompted to enter basic information about your business and vehicles.
Step 2: Provide Vehicle Details
Include specifics like:
- Make, model, and year of each vehicle
- Vehicle identification numbers (VINs)
- Primary use (e.g., delivery, service calls)
Step 3: Share Driver Information
List all employees who will operate the vehicles, including their driving histories and license statuses.
Step 4: Customize Your Policy
Choose the types and levels of coverage that best suit your needs. Progressive allows you to adjust deductibles and add optional protections.
Step 5: Review Discounts
Progressive offers numerous discounts, including:
- Multi-Policy Discount: Save by bundling with other business insurance products.
- Paid-in-Full Discount: Pay your entire premium upfront for savings.
- Continuous Coverage Discount: Reward for maintaining uninterrupted insurance.
- Safety Equipment Discount: install anti-theft devices or dashcams to reduce rates.
Step 6: Compare Quotes
Once you receive your quote, compare it with offers from other providers to ensure you’re getting the best deal.
Real-Life Example: Saving with Progressive
Let’s consider a hypothetical scenario:
John owns a landscaping business with three trucks. Initially, he paid $2,800 annually per vehicle through another insurer. After switching to Progressive, he took advantage of:
- A multi-policy discount (bundling with general liability insurance)
- A safety equipment discount (installing GPS trackers in his trucks)
- A claims-free discount
His new rate dropped to $2,200 per vehicle, saving him $1,800 annually across his fleet.
Pros and Cons of Progressive Commercial Auto Insurance
Before committing to Progressive, weigh the pros and cons to determine if it’s it fits your business correctly:
- Competitive pricing and frequent discounts
- Customizable policies for diverse industries
- User-friendly digital tools and 24/7 claims support
- Strong reputation for customer satisfaction
Cons:
- Rates may be higher for high-risk businesses or drivers with poor records
- Some customers report longer-than-average claim processing times
- Limited availability of specialized endorsements compared to niche insurers
Expert Insights: Is Progressive Right for Your Business?
We spoke with Lisa Martinez, a licensed insurance broker specializing in commercial policies, to gain further perspective. “Progressive is a great choice for small to mid-sized businesses looking for flexibility and affordability,” she says. “Their Snapshot program is particularly appealing for businesses with safe drivers. However, larger fleets or highly specialized operations might benefit from working with a niche provider.”
Lisa also advises reviewing Progressive’s terms carefully. “While their base rates are attractive, always check for hidden fees or exclusions that could impact your coverage.”
Frequently Asked Questions (FAQ)
Does Progressive offer commercial auto insurance for food trucks?
Yes, Progressive provides tailored coverage for food trucks, including liability, property damage, and equipment breakdown protection.
Can I bundle commercial auto insurance with other business policies?
Absolutely! Progressive encourages bundling to save money. Combine commercial auto with general liability, workers’ compensation, or umbrella insurance for added value.
What happens if my employee causes an accident?
Your commercial auto policy’s liability coverage will handle damages and injuries caused by your employee, provided they acted within the scope of their job duties.
Does Progressive insure leased or rented vehicles?
Yes, Progressive extends coverage to leased and rented vehicles for business purposes. Confirm with your agent to ensure proper protection.
How do I file a claim with Progressive?
You can file a claim online, via the mobile app, or by calling Progressive’s 24/7 claims hotline. They’ll guide you through the process and assign an adjuster to assess damages.
Final Thoughts: Protect Your Business with Progressive
Choosing the right commercial auto insurance provider is critical for any business owner. Progressive’s competitive pricing, customizable coverage, and user-friendly tools make it a top contender in the market. By leveraging their discounts and understanding your unique needs, you can secure a policy that safeguards your assets without breaking the bank.
Whether you’re just starting or managing an established enterprise, Progressive offers the flexibility and reliability to keep your business moving forward. Take the first step today by requesting a quote—and drive confidently, knowing you’re protected.
What are your thoughts on Progressive commercial auto insurance? Have you had experience with them? Share your insights or questions in the comments below—we’d love to hear from you!
