McClain Matthews Insurance Blog
If you own a car, you are likely aware of the importance of having auto insurance. But there are various types of car insurance; each has unique coverage depending on its functions.
Commercial and personal auto insurance offers special protection for your car from collisions. The use of auto insurance can be business-related or personal.
Personal Auto Insurance
Personal auto insurance is the standard policy often used by private car owners. Vehicles under a personal auto policy may protect your car from damage, repair costs, and accidents.
Personal car insurance will not cover using a private vehicle without business auto insurance.
Coverage of Personal Auto Insurance
Auto insurance may have additional coverage depending on your premiums. Here are the lists of common policies used by personal car insurance.
Commercial Auto Insurance
Unlike personal auto insurance, a commercial car insurance policy may cover all business-related events, including business trips, deliveries, and meetings.
Commercial auto insurance is much more expensive than standard insurance due to the additional policy.
Coverage of Commercial Auto Insurance
The advantages of personal and commercial auto insurance are more likely the same. On the other hand, commercial auto insurance has a benefit that may pay for business use, extend coverage for personal automobiles used for work, and cover both property damage and employee injuries.
Both policies offer excellent coverage, but choosing the right auto insurance depends on your situation. Commercial auto insurance is ideal if you wish to use your vehicle for business.
At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!