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Does commercial insurance cost less than personal car insurance?

I will be trading my Honda Civic in for a van. I plan on getting commercial insurance. What does it cost?

avatar
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The cost of commercial insurance versus a personal
car insurance
policy will depend on several factors, but don’t stress about it too much.
Commercial insurance is rated in the same way personal auto insurance is. Factors include:
  • Type of vehicle
  • Your driving record
  • Where you live
  • Your credit history can all impact your rate.
The type of business you use your vehicle for can also influence the rate an insurance company provides.
You’ll want to request
car insurance quotes
from various companies that offer commercial insurance. Many major companies like
Progressive
and
Travelers
offer commercial insurance, so you should have a wide variety of options.
Requesting quotes is the best way to determine your insurance cost as rates vary from person to person. You can get commercial car insurance quotes online, but the policy will usually need to be issued by an agent.
If you’d rather leave the hard work of gathering quotes to someone else, use
Jerry
. This free app can collect quotes from up to 50 top insurance companies in seconds!”
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