Difference Between Auto And Commercial Auto Insurance

​The primary differences between auto and commercial auto insurance are the scope and coverage types. Private individuals or entities mainly own auto insurance. In comparison, businesses own commercial auto insurance. 

Below are the other differences between auto and commercial auto insurance, you and many other people, may not know about: 

Personal Auto Insurances Only Have One Nature of Coverage 
Personal auto insurance doesn’t cover business-related accidents. If your business activities impose high risks of accidents, you may want to think twice before getting personal auto insurance. You may want to get commercial auto insurance to maximize coverage benefits. 

Commercial auto insurance includes coverage for accidents that involve hired vehicles. These insurances also cover towed trailers used for business activities. 

Commercial Auto Insurances Cover Trailer Interchange Insurance
This coverage includes non-owned trailers you have based on a trailer interchange agreement. Personal auto insurance only covers trailers you own. 

Commercial Auto Insurances Cover Reimbursement for Rental with Downtime 
Commercial auto insurance covers repair costs if your business vehicle temporarily malfunctions. You have to be extra careful in caring for your vehicle with personal auto insurance coverage. You pay out-of-the-pocket for the costs of repairing it if it malfunctions. 

When it’s already too late, don't regret things by planning and budgeting your finances accordingly. It’s better to ensure you can afford to shoulder these costs before getting personal auto insurance. 

Commercial Auto Insurances Provide Individually-Named Insured Coverage 
You get to be covered while driving a vehicle for business-related purposes, even if you don’t own it. You only get covered for accidents under personal auto insurance if you drive your vehicle. 

Commercial Auto Insurances Cover Non-Owned Vehicle Benefits 
You can’t stop accidents from happening, even if you don’t own the vehicle you’re driving. These insurances provide protection coverage for you and your employees for accidents in vehicles your business doesn’t own. 

You can even list your employees’ names in these insurance policies to ensure their coverage. So, if you can afford to get commercial auto insurance, you should do so instead of personal auto insurance. Business owners are at greater risk of being involved in accidents than non-business owners. 

Conclusion 
As your lifestyle changes, so do your insurance needs. You may need to think things over before getting either auto or commercial auto insurance. 

At CSIS Insurance Services, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 501-2747 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Please contact us today to go over your policy to ensure your needs are met! We are here and happy to help.