Auto Hauler Insurance: What You Need to Know

Auto hauler insurance is a type of commercial auto insurance designed for businesses that transport vehicles, such as car carriers and tow trucks. In this article, we’ll provide an overview of auto hauler insurance, what it covers, and how to get the coverage you need.

What Does Auto Hauler Insurance Cover?

Auto hauler insurance typically includes liability coverage, physical damage coverage, and cargo coverage. Liability coverage protects against damage or injury you may cause to others while operating your vehicle. Physical damage coverage, also known as collision coverage, covers damage to your vehicle in the event of an accident or other covered event. Cargo coverage protects against damage to the vehicles you’re transporting.

Liability Coverage

Liability coverage is a crucial part of any auto hauler insurance policy. It provides financial protection in the event that you cause damage or injury to others while operating your vehicle. Liability coverage typically includes bodily injury liability, property damage liability, and personal injury protection.

Bodily injury liability covers medical expenses, lost wages, and other damages for people injured in an accident caused by your vehicle. Property damage liability covers damage to other people’s property, such as their vehicles or buildings. Personal injury protection, also known as no-fault coverage, provides coverage for medical expenses and lost wages for you and your passengers in the event of an accident.

Physical Damage Coverage

Physical damage coverage, also known as collision coverage, covers damage to your vehicle in the event of an accident or other covered event. This type of coverage is important for auto haulers, as the vehicles they transport are often worth a significant amount of money. Physical damage coverage typically includes collision coverage, which covers damage caused by a collision with another vehicle or object, and comprehensive coverage, which covers damage caused by other events, such as theft, vandalism, or weather-related damage.

Cargo Coverage

Cargo coverage protects against damage to the vehicles you’re transporting. This type of coverage is particularly important for auto haulers, as the vehicles they transport are often worth a significant amount of money. Cargo coverage typically includes collision coverage, which covers damage caused by a collision with another vehicle or object, and comprehensive coverage, which covers damage caused by other events, such as theft, vandalism, or weather-related damage.

How Much Does Auto Hauler Insurance Cost?

The cost of auto hauler insurance varies depending on a number of factors, including the type of vehicle you’re insuring, the coverage limits you choose, your driving history, and the location where you operate your business. Generally speaking, auto hauler insurance is more expensive than standard commercial auto insurance due to the high value of the vehicles being transported. However, the cost of insurance is a small price to pay compared to the potential losses that could result from an accident or other covered event.

How Do I Get Auto Hauler Insurance?

To get auto hauler insurance, you’ll need to contact an insurance company that specializes in commercial auto insurance. Many insurance companies have agents who can help you find the right coverage for your business. When shopping for auto hauler insurance, it’s important to compare quotes from multiple insurers to ensure you’re getting the best coverage at the best price.

Frequently Asked Questions

We hope this article has provided an overview of auto hauler insurance and what you need to know to get the coverage you need. If you have any further questions about auto hauler insurance or would like to get a quote for coverage, contact your local insurance agent today.