Top Commercial Auto Insurance Companies in Texas

Below is a list of the top commercial auto insurance companies in Texas, based on written insurance premium.

This doesn’t necessarily mean they are the top rated as far as customer service or even profitability, rather the list shows who brought in how much money and what their loss ratio was for 2009, which is expressed as earned premium divided by the amount of money paid out for insurance claims.

What is commercial auto insurance?

A commercial auto policy, sometimes called business auto insurance, is very similar to your personal auto policy, except it is designed for vehicles that are used for business purposes. Commercial vehicles might include a fleet of company cars, delivery trucks, tow trucks, work vans, or food trucks.

A commercial policy will contain liability insurance (bodily injury liability coverage and property damage liability coverage) just like a personal auto insurance policy. It might also include medical payments coverage or personal injury protection (coverage for the driver’s medical costs), as well as collision and comprehensive coverage (physical damage protection).

A business auto policy is designed to protect the business owner from potential liability lawsuits related to an auto accident or other incident involving an employee using their motor vehicle for business purposes.

Additional coverage options like uninsured/underinsured motorist coverage are also available from most commercial auto insurance providers.

Some companies offer a type of coverage that will insure any tools or equipment you keep in your company vehicles, but these materials might also be covered by your standard business insurance policy.

What are the top commercial auto insurance companies in Texas?

As you can see from the chart below, AIG was the top commercial

l auto insurance carrier in Texas in 2009 (the most recent data available), according to a report from the Independent Insurance Agents of Texas (For more information, read our “Auto Insurance Checklist: What to Ask Your Agent“)..

The company grabbed 8.7% market share with $169.6 million in written premium, followed by Progressive, which came in with an 8.1% market share totaling $158.3 million in written premium.

Travelers grabbed the third spot with 6.6% market share and $129.7 million in written premium, followed closely by Zurich, with 6.5% market share and $127.8 million in written premium.

Coming in at number five and grabbing almost identical market share to Zurich was Liberty Mutual, with 6.5% market share and $127.3 million in written premium.

A couple of the other major players in the top 20 include Nationwide, Old Republic, Hartford, CNA, and Home State.

Texas continues to come in at a much higher overall commercial auto insurance loss ratio than the rest of country according to the IIAT Special Report.

The IIAT pointed out that “the 2009 loss ratio of 59% follows the 61.4% in 2008,” and the “national loss ratio is significantly lower at 53.2%.”

If you’re looking for commercial car insurance, you would likely be in good hands with any insurance provider on the list above. Keep in mind that commercial insurance is available from most of the other major auto insurers as well, such as Geico Insurance Agency, State Farm, and Farmers Insurance.

Contact a local independent insurance agent if you are in the market for a commercial auto insurance policy or if you want to see if a more competitive rate is available to you.

Read More:

• Car Insurance Liability Limits
• Car Insurance Policy Terms: 6-Month vs. 12-Month
• Medical Payments to Others (CGL, Coverage C)
• Commercial Auto vs. Personal Auto vs. Business Auto
• Texas to Increase Mandatory Minimum Auto Insurance Limits
• Top Commercial Insurance Companies in Texas
• Top Ten Insurance Companies in the United States