Protect your business vehicles with a Hawaii commercial auto policy
Many of Hawaii’s 135,000 small businesses need commercial auto insurance to protect them from accidents that arise from the use of their business vehicles. Vehicles that are used for work typically need to be listed on a commercial policy because they’re usually exposed to more risk than personal autos.
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 food truck in Hilo or a cleaning service in Honolulu.
Commercial auto coverage for a variety of business types:
Hawaii commercial auto insurance cost
Several factors affect the cost of your Hawaii commercial auto policy, including your:
Profession
Some industries have more risk than others. An electrician who carries tools and equipment to various job sites every day can expect to pay more than a attorney who runs occasional errands.
Vehicle
Your vehicle’s size and use affect your rate. A large carpet cleaning van with an attached vacuum system will likely have a higher premium than a small delivery 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 Honolulu than in a smaller city like Lahaina. 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 earthquakes and hurricanes, are also factors.
Travel radius
The distance you routinely travel can influence your commercial auto rate. A vehicle with a local route within Hilo’s city limits is considered lower risk than a vehicle with a route that covers the entire Big Island of Hawaii.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Hawaii state minimum limits of 20/40/10 will pay less than a policyholder needing a combined single limit of $1M.
Hawaii commercial auto insurance requirements
Hawaii state law requires all commercial auto policies to have a minimum liability limit of $20,000 per person, $40,000 per accident for bodily injury and $10,000 for property damage (i.e., 20/40/10). Some policies are required to carry higher limits based on the types of vehicles they insure.
The state also requires you carry personal injury protection (PIP) to pay for the medical expenses and lost wages of your drivers and passengers, regardless of who is at fault for an accident.
It’s best practice to select limits that are right for your business, in addition to what’s required by Hawaii state law. An unexpected accident can lead to financial and legal costs that might be difficult to afford without the right amount of insurance for your business vehicles.
Hawaii commercial auto resources:
Common professions that need commercial auto insurance in HI:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Hawaii
We offer Hawaii commercial auto insurance statewide, including these major cities:
- Honolulu
- Hilo
- Kahului
- Kapolei
- Waianae
- Pearl City
- Kailua
- Kihei
- Ewa Beach
- Lahaina
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