What Sets Commercial Auto Insurance Apart From Personal Auto Insurance?

​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.

1. Bodily Liability
   If you are to blame for an accident and someone gets hurt, your insurance may help to cover your financial expenses.
   
   
2. Property Damage Liability
   Your insurance may cover the repair of your car and the victim's vehicle only if you are proven to be at fault in an accident.
   
   
3. Injury Protection
   Medical fees are commonly included when you purchase auto insurance. The insurance company may also provide adequate coverage for wounded victims in the collision.

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.

Conclusion
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!