Commercial auto insurance represents a crucial contract between businesses and insurers, providing financial protection against losses from vehicle accidents or theft. This coverage extends to property damage, liability for injuries or property damage, and medical expenses.
According to LendingTree, commercial policies are specifically tailored to cover vehicles used for business purposes, including those involved in transporting goods or providing services.
Understanding the coverage options and market leaders remains essential for businesses seeking to choose among the best commercial auto insurance companies available.
The following are the best commercial auto insurance companies in the US, based on market share data taken from our IB+ Data Hub platform. You can see this data for yourself, and much more, in this data resource with options to filter by state, year, and other lines of business.
Market share: 11.9%
Direct premiums written: $10.8 billion
Progressive Insurance experienced a robust 2024, reporting a significant increase in net income to $8.5 billion, a substantial improvement from $3.9 billion in 2023. This growth was largely propelled by stronger underwriting and investment incomes, with total net premiums climbing 21 percent to $74.4 billion.
The company achieved its best underwriting performance among large auto insurers, marked by an 88.2 percent net combined ratio. Progressive also saw an 18 percent increase in policies in force, reaching nearly 35 million across all lines, establishing itself among the country's best commercial auto insurance companies.
Progressive offers a broad range of auto insurance coverages, including liability protection for bodily injury and property damage, comprehensive car insurance, and collision coverage. The company also provides uninsured and underinsured motorist coverage, medical payments, and personal injury protection, where available.
Additional options include loan or lease payoff, rental car reimbursement, roadside assistance, and coverage for custom parts and equipment. Rideshare coverage, pet injury protection, and the Deductible Savings Bank feature are also available.
Market share: 5.85%
Direct premiums written: $3.86 billion
Travelers Group demonstrated strong financial performance in 2024, reporting record core income of $5 billion, or $21.58 per diluted share. This signifies a 64 percent increase from the prior year. The rise was driven by record net written premiums of $43.4 billion, an 8 percent jump, and excellent underwriting margins.
Underlying underwriting income reached a record $4.5 billion after-tax, despite facing record catastrophe losses. Net investment income also saw a significant increase of over 21 percent to $3 billion after-tax, cementing Travelers’ position among the best commercial auto insurance companies in the US.
Travelers offers comprehensive auto insurance with standard coverages like liability, collision, and comprehensive protection. Optional add-ons include uninsured/underinsured motorist, medical payments, and personal injury protection, depending on state requirements. Notable features include premier new car replacement, loan/lease gap insurance, roadside assistance, and rental reimbursement.
Market share: 5.34%
Direct premiums written: $2.95 billion
Old Republic International (ORI) reported strong results for 2024, with full year consolidated pretax operating income reaching nearly $1 billion. This was a 6.5 percent increase from 2023. Net operating income per diluted share rose 15.2 percent to $3.03. The specialty insurance business achieved a record pretax income of $848 million.
ORI also consistently returned capital to shareholders, including a special dividend, marking 84 consecutive years of regular cash dividends. This makes it one of the best commercial auto insurance companies for specialized coverage.
Old Republic International primarily offers specialty and title insurance, and its auto-related coverages are found within its Old Republic Insured Automotive Services (ORIAS) division. The unit focuses on extended protection plans for new and pre-owned vehicles, including mechanical breakdown coverage with various levels like Total, MVP, and Evolve.
These plans may include benefits such as roadside assistance, rental car reimbursement, tire protection, and trip interruption coverage, rather than traditional liability or collision policies.
Market share: 4.09%
Direct premiums written: $2.29 billion
Zurich delivered record performance in 2024, with its business operating profit (BOP) increasing 5 percent to $7.8 billion. Net income attributable to shareholders also surged 34 percent to $5.8 billion. This strong showing was driven by growth across all core businesses, including property & casualty and life, both achieving their “best-ever” results.
Zurich also maintained a strong capital position, with a Swiss Solvency Test ratio of 252 percent. This positions it among the top commercial auto insurance companies globally.
Zurich’s auto insurance coverage varies by region, but generally includes core protections. In many markets, it offers comprehensive coverage against accidents, theft, fire, and natural disasters, as well as third-party liability for bodily injury or property damage to others. Additional options can include personal accident cover for the owner/driver, cashless claims at network garages, and “No Claim Bonus” discounts for claim-free years. Some specialized offerings, like vehicle protection products, focus on extended warranties and other benefits.
Market share: 3.63%
Direct premiums written: $2.10 billion
Auto-Owners Insurance faced challenges in 2024, experiencing an unprofitable year due to persistent inflationary pressures and escalated weather-related losses. Despite these headwinds, the company maintained a strong financial position with nearly $14.3 billion in policyholder surplus.
The company also saw significant premium increases, growing by over $1.8 billion. Its in-force policy count rose by more than 353,000, reaching 5.95 million. This allowed it to maintain its position among the country's best commercial auto insurance companies.
Auto-Owners offers a wide range of auto insurance coverages, including liability, collision, and comprehensive protection. Optional features include uninsured/underinsured motorist coverage, medical payments, personal injury protection, road trouble service, and loan or lease gap coverage. Notable benefits include at-fault accident coverage and a common loss deductible.
Market share: 3.2%
Direct premiums written: $2.01 billion
State Farm significantly improved its financial results in 2024, swinging to a net income of $5.3 billion compared to a net loss of $6.3 billion in 2023. This turnaround was largely attributed to a decrease in underwriting losses, especially in the auto insurance segment, which saw a $7 billion improvement.
The insurance giant’s total revenue increased by 18 percent to $123 billion, with earned premiums rising to $103 billion. This signifies strong growth across its businesses, reinforcing its status among the top commercial auto insurance companies in the US.
State Farm provides a full range of auto insurance options, including liability car insurance, collision, and comprehensive coverage. Optional add-ons include medical payments, uninsured/underinsured motorist, emergency road service, rental reimbursement, travel expenses, and rideshare coverage. At-fault accident coverage may also help eligible drivers keep preferred rates.
Market share: 2.74%
Direct premiums written: $1.03 billion
Erie Insurance reported mixed performance in 2024, experiencing an underwriting loss for the year despite a strong finish in the fourth quarter. The insurer’s total operating revenue increased by 15.3 percent to $10.1 billion, driven by growth in direct written premiums.
Net income, however, saw a decrease to $130 million from $643 million in the prior year. The drop is primarily due to higher catastrophe losses and an unfavorable underwriting result. Despite challenges, Erie remains competitive among the country's best commercial auto insurance companies.
Erie Insurance provides extensive auto coverage, starting with standard liability (bodily injury and property damage), collision, and comprehensive. It offers unique features like the “Erie Auto Plus” endorsement, which includes diminishing deductibles and a waiving of the deductible for a covered comprehensive loss if it results in total loss. Other available coverages include uninsured/underinsured motorist, rental car expense, roadside assistance, and mechanical breakdown coverage.
Market share: 2.65%
Direct premiums written: $2.79 billion
Liberty Mutual Insurance achieved a remarkable turnaround in 2024, reporting a net income of $4.38 billion, a substantial increase from $213 million in 2023. This significant improvement was largely driven by a 17 percent reduction in catastrophe losses to $3.89 billion and strong underwriting discipline, resulting in a combined ratio of 95.9 percent.
Total revenue also saw a 1.6 percent increase, reaching $50.2 billion. The company is actively pursuing profitable growth after focusing on improving its profitability, securing its place among the best commercial auto insurance companies.
Liberty Mutual’s auto insurance offers a comprehensive range of coverages. Key offerings include liability (bodily injury and property damage), collision, and comprehensive coverage. It also provides medical payments, personal injury protection, and uninsured/underinsured motorist coverage.
Additional features can include new car replacement for totaled new cars, gap coverage for outstanding loan balances, 24-hour roadside assistance, and rental car reimbursement. Original parts replacement is also available.
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Market share: 2.45%
Direct premiums written: $2.64 billion
Berkshire Hathaway’s 2024 performance was robust, with operating earnings surging 27 percent to $47.44 billion. This was primarily fueled by strong insurance underwriting and investment income. The insurance segment’s underwriting profits grew to $9.02 billion.
The Warren Buffett-owned conglomerate ended 2024 with a record $334.2 billion in cash reserves, reflecting disciplined capital management. Berkshire Hathaway’s “float,” derived from its insurance businesses, also grew to approximately $171 billion. This establishes it as one of the top commercial auto insurance companies in terms of financial strength.
Berkshire Hathaway’s auto insurance offerings are primarily channeled through its subsidiaries, most notably GEICO, which specializes in private passenger auto insurance across the US. Additionally, Berkshire Hathaway GUARD Insurance Companies and Berkshire Hathaway Homestate Companies offer commercial auto insurance. These policies generally include liability, collision, comprehensive coverage, and can be customized with features like uninsured/underinsured motorist coverage and medical payments.
Market share: 2.17%
Direct premiums written: $
Acuity Insurance reported strong performance in 2024, achieving record results with a 13.9 percent increase in policyholders’ surplus, reaching $3.8 billion. The company saw robust premium growth, increasing its top line by 10.1 percent to $2.8 billion. It earned an exceptional combined ratio of 98.1 percent.
Acuity also celebrated its 99th consecutive year of growth in surplus, making it one of the consistently performing best commercial auto insurance companies in the US.
Acuity provides comprehensive auto insurance coverage designed for various needs. Its policies include standard liability (bodily injury and property damage), collision, and comprehensive.
Additional options like uninsured/underinsured motorist, medical payments, and rental car reimbursement coverage are available. Acuity also offers specialized features such as new car replacement and loan/lease gap coverage. It emphasizes personalized service through independent agents.
Auto insurance is a legal requirement in most US states and an essential safeguard for drivers. With many providers and policies available, knowing what makes the best commercial auto insurance companies stand out is critical. The best coverage not only meets state requirements but also protects drivers, passengers, and vehicles from financial loss in various scenarios. Below are key features that define robust policies, according to the National Association of Insurance Commissioners.
The best commercial auto insurance companies include comprehensive protection in their policies. Collision coverage handles repairs from accidents involving other vehicles or objects. Comprehensive coverage protects against theft, vandalism, fire, falling objects, and animal damage. Medical payment coverage (MPC) covers medical or funeral expenses for injured occupants or pedestrians.
Strong policies from the best commercial auto insurance companies offer bodily injury liability, which pays for injuries to others when you are at fault, and property damage liability, which covers damage to another’s property. Uninsured motorist coverage ensures financial protection if the at-fault driver lacks insurance.
For residents in no-fault states, the commercial auto insurance companies offer personal injury protection (PIP). This covers medical costs and lost wages regardless of who is at fault. Residual bodily injury liability allows lawsuits under certain thresholds, like serious injury or death.
Helpful add-ons
Most commercial auto insurers offer rental reimbursement, towing and roadside assistance, and flexible deductible options that balance affordability with out-of-pocket costs.
Good commercial auto insurance policies reflect accurate driver history, credit scores, and may offer discounts for secure parking or membership programs, ensuring tailored and cost-effective protection.
Policies may also differ depending on current market trends. The following video explores five key factors contributing to the surge in auto insurance costs in the US.
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