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Below are details of the commercial and personal car insurance laws for each state. Bottom Line Insurance is a deductible expense for tax purposes if yours is a for-profit business except for disability insurance. Hire an accountant to make sure that you’re taking advantage of as many allowances as possible to reduce your tax bill. What happens if I drive outside my state? If you transport people or materials across state lines, your state insurance goes with you.


In most instances, if the state limits where the car is list of kuwait cell phone numbers registered are less than the state limits where you’ll be driving, the insurance carrier will match the limits so you meet the legal requirements. Some states have interstate coverage requirements you must meet if you cross state borders when transporting people or goods. Make sure to stay within coverage territories and note that limits may change once you drive into Mexico or Canada. Did You Know? Commercial auto insurance doesn’t cover medical expenses if an employee gets hurt while driving.


You’ll need workers’ compensation insurance for your employees’ medical expenses. How much does commercial auto insurance cost? The average annual cost of auto insurance is around $1,750. The actual amount you’ll pay will depend on several factors, including your coverage limit, your industry, the level of vehicle use and how many claims you’ve made in the past. Contactors, vehicle hire businesses and tow truck operators should expect to pay substantially more. You can reduce premium costs with a higher commercial auto deductible.