Protect your business vehicles with a Rhode Island commercial auto policy
Many of Rhode Island’s 105,000 small businesses need commercial auto insurance to protect from accidents and mishaps that can happen with the use of their work vehicles. It’s a vital coverage, as personal auto insurance policies usually won’t cover vehicles used for business purposes.
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 small cleaning service in Warwick or a landscaping business in Providence.
Commercial auto coverage for a variety of business types:
Rhode Island commercial auto insurance cost
Several factors affect the cost of your Rhode Island 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 a lawyer who runs occasional errands.
Vehicle
Your vehicle’s size and use affect your rate. A pickup truck with an attached snow plow might have a higher premium than a pickup truck without any attached 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 Warwick than in a smaller city like Coventry. 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 Providence’s city limits is considered lower risk than a vehicle with a regional route that covers the entire state.
Coverage needs
The amount of coverage you need affects your premium. Policyholders with the Rhode Island state minimum limits of 25/50/25 will pay less than a policyholder needing a combined single limit of $1M.
Rhode Island commercial auto insurance requirements
Rhode Island 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.
While these are the minimum limits required by Rhode Island law, you might want to consider additional coverages or higher limits to properly protect your business’s vehicles. A loss that exceeds your policy limits could result in out-of-pocket expenses that might put your business assets at risk.
Rhode Island commercial auto resources:
Common professions that need commercial auto insurance in RI:
Browse more examples of professions we insure.
Commercial auto insurance anywhere in Rhode Island
We offer Rhode Island commercial auto insurance statewide, including these major cities:
- Providence
- Woonsocket
- Cranston
- East Providence
- North Providence
- Warwick
- Coventry
- Pawtucket
- Cumberland
- South Kingstown
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