Commercial vehicles are involved in one out of every 26 crashes in South Carolina. These crashes totaled 5,292 in the last few years. The state also sees around 140,000 vehicle accidents annually. This is why purchasing commercial auto insurance in South Carolina is so important.

Commercial auto insurance is designed to provide coverage for businesses that own, lease, or rent vehicles and have employees driving them for business purposes. It provides liability and property damage protection for vehicles involved in accidents. Commercial auto insurance can also cover medical payments if an employee is injured while driving a company vehicle.

South Carolina Commercial Auto Insurance Costs

The cost of commercial auto insurance in South Carolina will vary depending on the type of business and its vehicles. Generally, larger businesses with more expensive and newer vehicles will have higher premiums than smaller businesses with older or less expensive vehicles. The range of coverage types and limits will also affect the cost of commercial auto insurance.

The risk profile of the business and drivers can play a role in determining rates as well. For example, businesses with a higher frequency of claims or accidents may have higher premiums than those with fewer claims and accidents. Other factors that affect the cost of commercial auto insurance in South Carolina include the type of vehicle being insured, its age, how much it is used for business purposes, the driving records of employees, and other risks associated with the business.

On average, each vehicle's premium can cost around $700 to $1,200 per year. However, this cost can vary depending on the business’s risk profile and other factors. It is important for businesses to shop around and compare rates from multiple providers in order to get the best deal on commercial auto insurance in South Carolina.

We Have the Best Commercial Auto Insurance Policies In South Carolina

When it comes to finding the best commercial auto insurance in South Carolina, Southern Insurance Group is the way to go. Our team of experienced agents and underwriters have years of expertise in the commercial auto industry, and they know how to get you the coverage you need without breaking your budget. We offer competitive rates on all our commercial auto policies, and our knowledgeable staff is there to help you every step of the way.

We understand that each business’s needs are unique, so we take the time to analyze your risk profile in order to find a commercial auto policy that meets your specific requirements.

Contact us today to learn more about our commercial auto insurance policies and find the right coverage for your business.

What Does Commercial Auto Insurance in South Carolina Cover?

Commercial auto insurance in South Carolina generally covers damage and liability for vehicles that are used for business purposes. This includes coverage for theft, vandalism, collisions, and other types of accidents. It may also cover medical expenses related to an accident as well as personal injury protection benefits for drivers and passengers of the insured vehicle.

In addition, some commercial auto insurance policies may provide rental car reimbursement and towing coverage if the vehicle is damaged or inoperable due to an accident or other covered event.

The levels of coverage include:

Liability coverage
Comprehensive coverage
Collision coverage
Uninsured/underinsured motorist protection
Medical payments coverage
Personal injury protection
GAP insurance
Rental car reimbursement

Liability Coverage

South Carolina law requires that all businesses have liability protection for bodily injury and property damage caused by their vehicles. This includes $25,000 per person in bodily injury liability and $50,000 per accident in bodily injury liability as well as $25,000 for property damage per accident.

Some commercial vehicles such as trucks, buses, and delivery vans may require additional coverage depending on how they’re used.

Liability insurance takes care of:

Bodily injury or death of another person caused by a covered driver
Property damage caused by a covered driver
Legal defense costs and court judgments if you are sued for an accident

This is the least expensive coverage, so it’s important to make sure you have enough protection for your business.

Comprehensive Coverage and Collision Coverage

Comprehensive coverage protects vehicles from damage caused by non-accident events such as theft, vandalism, fire, hail, windstorms, or floods. Collision coverage pays for damages to the insured vehicle resulting from an accident with another vehicle or object. The amount of coverage you get depends on the type and value of your vehicle.

Uninsured/Underinsured Motorist Protection

Uninsured motorist protection provides coverage if you are in an accident with a driver who does not have adequate liability insurance or is uninsured altogether. This coverage pays for medical expenses and other damages caused by the uninsured driver. It also covers damages to your vehicle if it is damaged beyond repair in an accident with an uninsured or underinsured motorist.

Medical Payments Coverage

Medical payments coverage helps pay for medical expenses related to injuries sustained by a covered driver even if they are at fault in an accident. This coverage usually has lower limits than liability coverage but can help cover medical expenses that may not be covered by health insurance or other benefits.

Personal Injury Protection

Personal injury protection (PIP) is a type of no-fault auto insurance that covers medical expenses and lost wages for you and your passengers if injured in an accident. It can also provide funeral and survivor benefits in case of death resulting from an accident. PIP may also cover rehabilitation, psychological counseling, and other medical expenses related to the injury.

GAP Insurance

Gap insurance is a type of coverage designed to help you if your vehicle is totaled in an accident and the payout from your primary auto policy isn’t enough to cover the cost of a replacement vehicle. It helps you pay off the balance owed on your auto loan or lease in cases where the value of your vehicle is less than what you owe.

Rental Car Reimbursement

Rental car reimbursement coverage pays for rental car expenses if your vehicle needs repairs or is inoperable due to an accident or other covered event. This coverage usually pays for a rental car of similar size and class as the insured vehicle and can help keep your business running during repairs.

Other Coverages Available for South Carolina Commercial Vehicles

Other coverages that may be available include towing and labor costs, trailer coverage, custom parts and equipment coverage, non-owned auto liability coverage, and more. These additional coverages help protect businesses from financial losses related to specific types of accidents or other events such as theft. Be sure to talk with your provider about which additional coverages may be right for your business.

Common Exclusions for South Carolina Commercial Vehicle Insurance

Most policies have exclusions that limit or exclude certain types of coverage. It’s important to understand exactly what your policy does and does not cover before you purchase it. Common exclusions include intentional acts, nuclear risks, war and military-related activities, and wear and tear. Check with your insurer for a full list of exclusions.

Commercial Auto Insurance Discounts in South Carolina

Most insurers offer discounts for South Carolina commercial auto insurance. These discounts can help you save money and get the coverage your business needs. Some of the most common commercial auto insurance discounts in South Carolina include:

Multi-car discount: You may qualify for a discount if you have more than one vehicle insured under your policy.
Safe driver discount: If all drivers on the policy have clean driving records, you may be eligible for a discount.
Usage-based discount: If you use telematics technology to monitor your drivers' behavior, you could be eligible for a usage-based discount.
Low mileage discount: If your vehicles don't drive very far each year, you may qualify for this type of discount.
Defensive driving discount: Taking a defensive driving course can help you qualify for this discount.
Pay in full discount: Many insurers offer discounts if you pay your entire premium upfront.
Good credit discount: If you have good credit, you may qualify for a discounted rate.
Multi-policy discount: You may be eligible for a discount if you have multiple policies, such as commercial property insurance and general liability insurance with the same insurer.

Be sure to ask your insurance provider about any discounts that may be available to you and make sure to shop around to compare rates before making a decision. With the right coverage and discounts, you can save money on commercial auto insurance in South Carolina.

Compare South Carolina Commercial Auto Insurance Quotes

When looking for commercial auto insurance in South Carolina, it’s important to compare quotes from multiple insurance providers.

At Southern Insurance Group, we are committed to helping businesses find the right coverage at the best rate possible. We offer free online quote comparison tools and our knowledgeable agents can help you get the coverage your business needs.