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Quickly find car insurance providers and car insurance companies to protect your company cars or other business vehicles. Review various auto insurance providers to get the most appropriate automobile insurance for your business needs.

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State Farm

Back your vehicle with a policy from a company you trust. State Farm agents understand the needs of small businesses and can help you protect your business & plan for your future. Find an agent today.

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Car Insurance Key Terms

You need auto insurance for yourself and your employees if they drive company vehicles. Even if you and your drivers are capable and responsible on the road, you never know what distractions or lack of experience is behind the wheel of other vehicles. Understanding these car insurance coverage options will help you decide what coverage is best to protect you and your employees. Also, most states won't allow you to register an automobile without insurance.

Bodily injury liability

Bodily injury liability, or BIL, provides insurance coverage if you are responsible for an accident and the other driver/passengers have injuries. The coverage pays the other party's medical bills and pays for loss of income or pain and suffering. Typical coverage is $50,000 per person with a maximum of $100,000 per occurrence, but can be less or more depending on your preference.
Try: The Car Insurance Guide provides more details regarding bodily injury liability coverage.

Property damage liability

Property damage liability, or PDL, provides coverage if your vehicle causes damage to someone's property, whether it be their vehicle, home, landscaping or even a mailbox. Typical coverage is $50,000 per occurrence and can, of course, be more or less for your policy.
Try: Visit Progressive for more information on PDL, including an example of the coverage in use.

Comprehensive coverage

Comprehensive coverage insures your vehicle and other vehicles you may drive from loss resulting from incidents other than an accident, such as fire, flood, theft, animals or vandalism.
Try: Superpages provides an explanation of comprehensive coverage, and Nationwide Mutual Insurance lists examples of incidents that comprehensive will cover.

UM or UIM

UM stands for uninsured motorist, while UIM stands for underinsured motorist. These two coverages provide funds to you if the other party in an accident is at fault, but his policy can't cover your damages and injuries, he has no policy or the accident is a hit-and-run. This coverage also extends to the passengers in your vehicle.
Try: Insurance not only explains what UM and UIM are, but also details why these coverage are necessary for all auto insurance policyholders.

Medical payments coverage

Medical payments coverage, also known as medpay or MEDPM, provides a flat payment amount to you and your passengers, regardless of who is at fault, for medical expenses. Personal injury protection coverage (PIP or MEDEX), which is only available in some states, is very similar to medpay but covers more, such as funeral expenses.
Try: For more information on medical payments coverage and PIP, visit Esurance.

Gap coverage

If you total your vehicle in an accident, your insurance will pay you what your vehicle is worth, but you still may owe money to a lender for your loan or lease on the vehicle. Gap coverage, also known as GAP insurance or loan/lease payoff, is an optional addition to your auto insurance coverage and helps to offset any amount you may still owe on the car after the insurance payout.
Try: Access Edmunds for more information on Gap insurance. For more car insurance key terms, visit Car Insurance.

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Tips & Advice to help you make your decision on Car Insurance

Having car insurance is a necessity for any driver, but it's just as important to choose the right insurance as to have it. Every individual has both a company and a plan that suits their needs best. Selecting the right services can make the difference both financially and in coverage in every day incidents.

Money saving deals for drivers of all experience levels can be found through various companies. Maximizing these financial benefits can be tempting, but it's also important to be aware of what you will and will not be covered for. Often the cheapest solution is not the best and you want to be sure that in a scenario where your insurance would be needed it will be present and ... more

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