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    Georgia Commercial Auto Insurance

    Georgia is one of the best places to live in the South thanks to its vibrant cities and quaint towns, gorgeous scenery connecting mountain vistas with white-sand beaches, and a temperate climate with all four seasons.

    You may discover top-notch entertainment, competitive and recreational sports, and restaurants serving food from throughout the globe all over the state. Come explore and delight in Georgian life.

    1.1 million small companies in Georgia require commercial auto insurance to be protected from accidents caused by the usage of company vehicles. Due to their greater risk exposure than personal automobiles, corporate vehicles are frequently not covered by personal auto policies.

    Company Vehicle Accident

    Nationwide, we have the trust of over 750,000 small company owners to safeguard their livelihoods and work cars. Regardless of whether they operate a single freight van in Macon or a fleet of food trucks in Atlanta, each receives specialized coverage to meet their particular needs.

    Requirements For Georgia Commercial Auto Insurance 

    A minimum liability limit of $25,000 per person, $50,000 per accident for physical injury, and $25,000 for property damage (i.e., 25/50/25) is required by Georgia state law for all commercial auto plans. Based on the kinds of vehicles they cover, some plans are required to have greater limits.

    In addition to the restrictions mandated by Georgia state law, it's crucial to choose those that are optimal for your company. If you don't have enough insurance, you can end up with expensive debts that are challenging to pay off on your own.

    What Does Georgia Commercial Auto Insurance Cover?

    Bodily Injury

    Whether used for personal or professional purposes, all cars in the state of Georgia must have a minimum level of auto liability insurance coverage. The insurance requirements in Georgia are:

    • Bodily injury liability of $25,000 per person
    • $50,000 in responsibility for each accident's injuries
    • Property damage liability per accident is $25,000
    • Based on the kinds of vehicles you possess and how you use them, your insurance company can advise purchasing larger liability coverage levels.

    Other Insurance Types

    Knowing the different types of auto insurance and their coverages is important in getting the right policy for you if you want to cover your bases and get your commercial vehicles insured. Here are some of the most common types of car insurance, how they work, and what they cover:

    Quick Statistics On Commercial Auto Insurance In Georgia

    Legal fees and other costs are covered by commercial auto insurance if a company vehicle is involved in an accident. In Georgia, it is necessary for all commercial vehicles. 

    However, people in Georgia continue to suffer injuries at work while not having adequate insurance from their employers without proper business insurance or commercial car insurance coverage.

    Here are recent figures on vehicle accidents and commercial auto insurance in Georgia:

    • Georgia's average annual cost for full coverage auto insurance, one of the top 10 most expensive states, is $1,638.
    • Car insurance rate increases often require approval from the state insurance commissioner, but not in Georgia.
    • The state-required minimum insurance in Georgia costs the typical driver $977 annually or $81.42 monthly.
    • Georgia auto insurance rates rose by 16.8% from 2015 to 2020, however they dropped by 7.7% from 2020 to 2021.
    • The most frequent car accidents in each state are head-on, side-impact, single-vehicle, and multiple-vehicle.

    Statistics On Vehicular Accidents In Georgia

    • The fatality rate from auto accidents was 11.2 per 100,000 persons and 1.13 per 100 million miles driven.
    • According to GDOT's statistics on auto accidents, there were 331,796 crashes overall in 2020.
    • Georgia witnessed 911 motor vehicle fatalities in the first half of 2021 alone, according to data from the National Safety Council, a 29 % increase over the same period in the previous year.
    • 95% of all people who visited emergency rooms in 2019 were passengers in cars.

    Frequently Asked Questions About Georgia Commercial Auto Insurance

    Here are some questions people ask about commercial auto insurance in Georgia:

    1. Do you need business auto insurance in Georgia?

    A minimum liability limit of $25,000 per person, $50,000 per accident for physical injury, and $25,000 for property damage (i.e., 25/50/25) is required by Georgia state law for all commercial auto plans.

    2. A commercial auto policy contains how many limits?

    Six limits are specified in a standard business insurance policy's declaration. These are the general aggregate limit, the products-completed operations aggregate limit, the personal and advertising injury limit, the limit for causing damage to real estate that has been rented to you, and the limit of the medical cost.

    3. Can you have two commercial insurances?

    Yes, individuals can have coverage under two different health insurance plans. When two health insurance plan providers work together to pay the claims of one person, it's called coordination of benefits.

    Reliable commercial or business auto insurance remains competitive in small and large enterprises. However, finding the right commercial auto policy can make a big difference in your business's future.

    To learn more about commercial auto insurance policies for your business in Georgia, read through our blogs at Assured Standard and grasp what smart long-term business solutions could look like.

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    Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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