Protect your business vehicles with an Arkansas commercial auto policy
Many of Arkansas’s 268,000 small businesses need commercial auto insurance to protect their business from mishaps and accidents that occur from the use of their work vehicles. It’s an important insurance coverage to consider because personal auto insurance usually doesn’t protect vehicles used for business.
Over 750,000 small business owners across the nation trust us to protect their work vehicles and livelihoods. Each gets customized coverage to match their unique needs, whether they own a single food truck in Fayetteville or several landscaping trucks in Conway.
Commercial auto coverage for a variety of business types:
Arkansas commercial auto insurance cost
Several factors affect the cost of your Arkansas commercial auto policy, including your:
Profession
Some industries have more risk than others. A contractor who carries tools and equipment to various job sites every day can expect to pay more than a real estate agent who runs occasional errands.
Vehicle
Your vehicle’s size and use affect your rate. A heavy food truck with a grill and a deep fryer will likely have a higher premium than a small catering van with minimal equipment.
Driving history
Your commercial auto insurance carrier will run a motor vehicle report on all drivers with access to your business vehicles. Drivers with accidents or violations on their driving record will usually cause your rate to increase. You can expect your insurance company to take the past three years of driving history into account.
Location
It’s common to pay more for commercial auto coverage in a large city like Jonesboro than in a smaller city like Pine Bluff. Keep in mind, prices are usually higher in locations that experience more claims or more expensive settlements than other locations. Areas susceptible to weather-related events, such as hurricanes and floods, are also factors.
Travel radius
The distance you routinely travel can influence your commercial auto rate. A vehicle with a local route within Little Rock’s city limits is considered lower risk than a vehicle with a regional route that covers all of Central Arkansas.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Arkansas state minimum limits of 25/50/25 will pay less than a policyholder needing a combined single limit of $1M.
Arkansas commercial auto insurance requirements
Arkansas state law requires all commercial auto policies to have a minimum liability limit of $25,000 per person, $50,000 per accident for bodily injury and $25,000 for property damage (i.e., 25/50/25). Some policies are required to carry higher limits based on the types of vehicles they insure.
Leased or financed vehicles are almost always required by the leasing/finance company to carry collision and comprehensive coverage, often called “first-party” coverage. This protects your vehicle in the event of an accident.
It’s important to consider the risks your business regularly faces when selecting your coverages. Higher limits might be required to adequately protect you and your vehicles – each business is unique. Our insurance experts can help tailor a policy to your business’s needs.
Arkansas commercial auto resources:
Common professions that need commercial auto insurance in AR:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Arkansas
We offer Arkansas commercial auto insurance statewide, including these major cities:
- Little Rock
- Fayetteville
- Jonesboro
- Conway
- Bentonville
- Fort Smith
- Springdale
- Rogers
- North Little Rock
- Pine Bluff
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