Protect your business vehicles with a North Dakota commercial auto policy
Many of North Dakota’s 74,000 small businesses rely on commercial auto insurance to protect their business vehicles. Commercial insurance is important because most personal auto policies won’t protect vehicles used for business.
Hundreds of thousands of 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 residential cleaning service in Fargo or a construction business in Williston.
Commercial auto coverage for a variety of business types:
North Dakota commercial auto insurance cost
Several factors affect the cost of your North Dakota commercial auto policy, including your:
Profession
Some industries have more risk than others. A home inspector who carries tools and equipment to various job sites every day can expect to pay more than an event planner 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 Fargo than in a smaller city like Mandan. 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 floods, are also factors.
Travel radius
The distance you routinely travel can influence your commercial auto rate. A vehicle with a local route within Grand Forks city limits is considered lower risk than a vehicle with a regional route that covers all of the Greater Grand Forks area.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the North Dakota state minimum limits of 25/50/25 will pay less than a policyholder needing a combined single limit of $1M.
North Dakota commercial auto insurance requirements
North Dakota 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.
North Dakota law also requires that all auto policies include uninsured motorist insurance (UM) and underinsured motorist insurance (UIM). These coverages protect you if an at-fault driver doesn’t have insurance or adequate coverage to pay for you and your passengers’ injuries.
It’s important to make sure you have enough coverage in addition to what’s required by law to ensure your business is adequately protected in case of an accident.
North Dakota commercial auto resources:
Common professions that need commercial auto insurance in ND:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in North Dakota
We offer North Dakota commercial auto insurance statewide, including these major cities:
- Fargo
- Williston
- Grand Forks
- West Fargo
- Jamestown
- Bismarck
- Dickinson
- Minot
- Mandan
- Wahpeton
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