If you own a pickup truck, then it might be both your work car and your day-to-day set of wheels. However, using your vehicle for both personal and business purposes makes your auto insurance needs a bit of a challenge. Often, you will not be able to use only a standard auto policy on a pickup that you use for work. Usually, you must make the extra investment in commercial auto insurance. Work with your Ramey Insurance agent to discuss the specific needs in your case.
Who Owns The Vehicle?
Whether you need commercial auto insurance might depend on who owns the vehicle. If you own the vehicle in the name of your business, then you will need a commercial auto policy. It doesn’t matter if you will still use this vehicle on your personal time. The fact that your business has a stake in the vehicle means that it could lose out when something happens to it.
If you are a sole proprietor, then this rule might not apply. However, if you ever plan to transport passengers, haul materials or otherwise use your vehicle directly for business, then you still need commercial auto coverage.
Additionally, some types of pickups require commercial auto insurance simply because they are classified as commercial due to their weight, horsepower and other features. In this situation, you might need a commercial auto policy even if you don’t plan to use the car for business.
How Do You Use The Vehicle?
The use of your pickup truck will also determine your need for a commercial auto policy. Here are a few examples:
- If you use your vehicle to get to and from work locations, then you likely don’t need commercial auto insurance. Commuting does not necessitate coverage.
- If you use your vehicle for work-related tasks, then you will need commercial auto insurance. Anytime you drive on behalf of your business, you need this coverage in place.
- IF you own the vehicle, operate as a sole proprietor, and visit just one or two locations each day, you may still benefit from just a personal auto insurance policy.
Tailoring your commercial auto insurance policy will mean choosing the liability, physical damage, uninsured/underinsured and other coverage limits that are best for you. To start, you must carry all the coverage required of you by your state of residence. However, you have a lot of opportunity to increase your coverage to your advantage. Let your Ramey Insurance agent help you find the correct coverage solution.
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