Commercial auto insurance covers the vehicles owned by a business. The cost depends on the number of vehicles, their value, and their business use, among other factors. What is the average cost of commercial auto insurance? For a policy limit of $1 million, the median cost of commercial auto insurance is $142 per month or $1,704 per year.Is commercial auto insurance cheaper than personal?
A commercial car insurance policy does cost more than a personal car insurance policy; however, it is still a good value because it covers multiple vehicles, multiple drivers per vehicle and the increased liability that a business can face.