Protect your business vehicles with a Maryland business auto insurance policy
Many of Maryland’s 639,000 small businesses need commercial auto insurance to safeguard their livelihood from the accidents and mishaps involving their business vehicles. Commercial vehicles are typically exposed to more risk than personal autos and often require specific coverages and limits that aren’t usually supported by a personal auto policy.
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 run a technology company in Rockville or a manufacturing business in Baltimore.
Commercial auto coverage for a variety of business types:
Maryland commercial auto insurance cost
Several factors affect the cost of your Maryland commercial auto policy, including your:
Profession
Some industries have more risk than others. A painter who carries tools and equipment to various job sites every day can expect to pay more than an accountant 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 bakery 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 Baltimore than in a smaller city like Gaithersburg. 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 Baltimore’s city limits is considered lower risk than a vehicle with a regional route that covers all of Central Maryland.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Maryland state minimum limits of 30/60/15 will pay less than a policyholder needing a combined single limit of $1M.
Maryland commercial auto insurance requirements
Maryland state law requires all commercial auto policies to have a minimum liability limit of $30,000 per person, $60,000 per accident for bodily injury and $15,000 for property damage (i.e., 30/60/15). Some policies are required to carry higher limits based on the types of vehicles they insure.
It's required that all commercial vehicles have uninsured motorist coverage (UM). In Maryland, this coverage helps pay for the medical expenses that result from injuries caused by both uninsured and underinsured drivers and hit-and-run situations.
It’s important to select limits that are best for your business in addition to what’s required by Maryland state law. Lacking the right amount of protection for your unique risk could leave you responsible for financial debts that might be difficult to handle on your own.
Maryland commercial auto resources:
Common professions that need commercial auto insurance in MD:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Maryland
We offer Maryland commercial auto insurance statewide, including these major cities:
- Baltimore
- Germantown
- Waldorf
- Glen Burnie
- Gaithersburg
- Columbia
- Silver Spring
- Ellicott City
- Frederick
- Rockville
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