Progressive’s commercial auto insurance offers various options for businesses, with median monthly costs ranging from $207 for contractors to $211 for other business owners in 2023. Average monthly costs were higher, at $257 and $270, respectively. For most businesses, the actual premium will fall closer to the median price.
Progressive Commercial Auto Insurance Costs by Customer Type
The table below outlines the median and average monthly costs for different types of commercial auto insurance customers through Progressive:
| Commercial Customer | Median Cost | Average Cost |
|---|---|---|
| Business Auto (e.g., cleaning services, restaurants, shops) | $211/month | $270/month |
| Contractors (e.g., carpenters, electricians, landscapers, painters) | $207/month | $257/month |
Note: These figures do not include premiums for for-hire truck or tow truck insurance. Progressive offers specific coverage options for these industries with varying rates.
Factors Affecting Commercial Auto Insurance Premiums
Several factors influence your commercial auto insurance premium with Progressive. These include:
- Profession: The type of work your business does impacts risk.
- Coverage Needs: Required coverage levels affect the premium.
- Vehicles: The type and number of vehicles used in your business matter.
- Drivers: Driving records of all employees operating company vehicles are considered.
- Driving History: Past accidents and violations can increase costs.
- Location: Where your business operates plays a role in determining risk.
Businesses requiring higher coverage limits or those with a history of claims should expect to pay more than the average rate.
Utilizing the Progressive Car Insurance Tool
Getting a personalized quote is the most accurate way to determine your commercial auto insurance cost. Progressive offers online tools and resources to help you understand your options and find the best coverage for your business needs. These tools act as a Progressive Car Insurance Tool, allowing you to customize your policy and explore potential discounts.
Benefits of Choosing Progressive Commercial Auto Insurance
Progressive is a leading commercial auto insurer in the United States. Key advantages of choosing Progressive for your commercial auto insurance needs include:
- 24/7 Policy Service: Manage your policy online or by phone anytime.
- Adjustable Coverages: Modify your coverage as your business needs change.
- Flexible Billing and Payment Options: Choose a payment plan that works for you.
- Experienced Claims Adjusters: Dedicated support during the claims process.
- Broad Coverage Area: Unlimited travel radius in most states.
- Potential Discounts: Opportunities to save on your premium.
Progressive Snapshot ProView: A Valuable Tool
Snapshot ProView is a program available to Progressive Commercial customers that can lead to significant savings. By enrolling in this program, you can potentially save up to 20% on your premium based on safe driving habits. This program also provides valuable insights into driver behavior, particularly beneficial for businesses with multiple vehicles.
Exploring Your Options with the Progressive Car Insurance Tool
Progressive’s website and online resources serve as a comprehensive progressive car insurance tool. They empower business owners to research coverage options, understand cost factors, and obtain personalized quotes. Take advantage of these resources to find the right commercial auto insurance solution for your specific business needs.
