Auto Insurance for Limousines (2023)
Limousine auto insurance requirements call for commercial insurance. Most major insurers offer commercial policies, with Allstate, Geico, Progressive, State Farm, and Travelers being the best. You can reduce the cost of auto insurance for limousines by 20% by comparing quotes from different companies.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- You want to make sure your passengers, employees, and limousines are taken care of if there is an accident
- There are companies that specialize in limousine insurance; therefore, they will be well-qualified to provide excellent coverage for your limousine
- Be sure to shop around and compare car insurance quotes from many different companies before buying a limo insurance policy
- It might be helpful to write down all aspects of your company and analyze the type of insurance coverage that you need.
All individuals are required to have auto insurance in case they are involved in an accident; however; it is critical to have proper insurance coverage if you drive a limousine.
You want to make sure your passengers, employees, and limousines are taken care of if there is an accident. Therefore, there are several things that you need to know about auto insurance for limousines.
Check out this guide to finding the cheapest auto insurance for limousines and then be sure to enter your ZIP code in our free online quote tool for free quotes!
Types of Auto Insurance for Limousines
What kind of insurance do you need for a limo? Limousine auto insurance falls under commercial auto insurance. Most major insurers offer commercial policies, so they would be able to provide you with commercial auto insurance for limousines.
Here are some of the different types of limo auto insurance coverage:
- Collision Auto Insurance and Comprehensive Auto Insurance: Collision coverage covers the cost if there is an accident. Comprehensive coverage will cover damage that occurs as a result of theft, fire, vandalism, and several other types of damages.
- Underinsured Motorist (UIM)/Uninsured Motorist (UM) Coverage: This provides coverage if you are involved in an accident in which the other driver was at fault, and they did not have adequate coverage to pay the cost. There are many states that require this type of coverage of limousines.
- Personal Injury Protection (PIP) Insurance: This type of insurance covers the cost if there is an accident and injuries occur. This will cover part of funeral expenses, medical costs, rehabilitation bills, and lost wages at work. If a pedestrian is injured, this type of coverage will pay their expenses, and it does not matter whose fault the accident was.
- Employment Practices Liability: If a limousine company is accused of things such as sexual harassment, wrongful termination, or discrimination, this type of insurance will protect the business.
- Bodily Injury Liability (BIL) Auto Insurance and Property Damage Liability (PDL) Auto Insurance: These types of insurance are usually not required; however, it is a good idea for limousine drivers to purchase it. They will cover victims if property damage or injuries occur if the limousine driver is at fault. This will cover legal fees if the limousine company is sued.
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Finding Limousine Coverage
There are companies that specialize in limousine insurance; therefore, they will be well-qualified to provide excellent coverage for your limousine.
You should enter your ZIP code into the free quote tool on this page to compare free limo insurance quotes and then also do research at places like the National Limo Association to see which limousine insurance company will offer you the best auto insurance for limousines.
The top auto insurance companies that provide the best commercial car insurance policies include Allstate, Geico, Progressive, and Travelers, which writes the second-most limousine and commercial auto insurance policies in the U.S.Tracey L. Wells Licensed Insurance Agent & Agency Owner
There are many agencies that will provide free quotes, so you will know exactly what you are paying for insurance.
However, you want to research a company before you ask for their services, as you want to make sure that the company has a good reputation with no complaints.
Read more: Where can I find unbiased reviews of auto insurance companies?
How to Save Money on Limousine Insurance
Is limo insurance expensive? Yes, limo insurance cost is expensive compared to standard auto insurance. It can typically range from $416-$833 a month for each limousine.
How much does automobile insurance cost? Standard personal auto insurance averages $52 a month for minimum coverage and $167 a month for full coverage.
There are several ways that you can find the cheapest auto insurance for limousines:
- Check your credit score: Your credit can affect your insurance premiums, so you need to order a copy of your credit report to clear up any inaccuracies. Learn more in our article, How Credit Scores Affect Auto Insurance Rates.
- Hire qualified employees: If you hire drivers who have been through adequate training and have a good driving record, you can get cheaper limousine insurance.
- Ask for discounts: There are some companies that offer discounts on services, so you need to ask about available auto insurance discounts for your limousine company. You might receive a discount for having airbags, anti-lock brakes, and other safety features.
You need to keep in mind that some insurance companies will not insure older vehicles or vehicles that are not certified.
Be sure to shop around and compare car insurance quotes from many different companies before buying a limo insurance policy.
Know Your Needs on Auto Insurance for Limousines
Before you can begin to search online and compare limo insurance quotes, you should know exactly what your business needs and what type of coverage you should obtain.
It might be helpful to write down all aspects of your company and analyze the type of insurance coverage that you need.
If you are the sole proprietor of the limousine, then your coverage needs could be different than the ones with many limousines.
Sole proprietors are in charge of everything, including maintenance, so you need to have complete coverage in order to not be stuck with huge bills.
Comprehensive coverage is also a good idea, as limousines are often the victims of theft or vandalism.
If your company includes many drivers, you should make sure you have adequate coverage and meet the limo insurance requirements of your state. Your employees should have proper training, and their records need to be clean. See our article, How Auto Insurance Companies Check Driving Records for details.
The age and vehicle model should also be taken into consideration when choosing the proper coverage.
If you own a garage, you should make sure your policy covers the cost if there is a fire. An experienced insurance agent can help you know which the best policy is for you.
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Auto Insurance for Limousines: The Bottom Line
Having proper limousine insurance coverage is crucial, as it can save your company from financial disaster.
It does cost a little more than car insurance; however, it is worth it to prevent you a lot of problems in the future. Therefore, research your options, so that you can find the best deal for your company.
Enter your ZIP code now for free limousine auto insurance quotes online.
Frequently Asked Questions
Can I add additional coverage to my limousine insurance policy?
Yes, depending on your needs, you can often add additional coverage options to your limousine insurance policy. Examples include comprehensive coverage for theft or vandalism, roadside assistance, and rental reimbursement. Discuss your requirements with the insurance provider to explore available options.
Why is having proper limousine insurance coverage important?
Having proper limousine insurance coverage is crucial to protect your company from financial disaster. Adequate insurance coverage ensures that your passengers, employees, and vehicles are protected in case of accidents or incidents. It provides peace of mind and safeguards your business from potential liabilities and costly legal claims.
How can I save money on limousine insurance?
To find cheaper limousine insurance, you can consider the following steps:
- Check your credit score and clear up any inaccuracies that may affect your premiums.
- Hire qualified employees with good driving records and proper training.
- Inquire about available discounts for your limousine company, such as discounts for safety features like airbags and anti-lock brakes.
- Shop around and compare quotes from multiple insurance companies before purchasing a policy.
Are there any age restrictions for limousine drivers?
Age restrictions for limousine drivers may vary by state and insurance company. Some insurers may have minimum age requirements for drivers due to the increased responsibility of driving a larger vehicle. It’s important to check with your insurance provider for any specific age restrictions.
Can I add additional drivers to my limousine insurance policy?
Yes, you can usually add additional drivers to your limousine insurance policy. However, insurance companies may have certain criteria and requirements for additional drivers, such as minimum age, driving record, and licensing. Discuss with your insurance provider to ensure compliance with their guidelines.
Is there a difference in insurance rates based on the type of limousine?
Yes, insurance rates can vary based on the type of limousine you own. Factors such as the vehicle’s value, passenger capacity, weight, and safety features can influence insurance premiums. It’s important to provide accurate information about your specific limousine when obtaining insurance quotes.
How much is limo insurance in New Jersey?
The average rate for auto insurance for limousines in New Jersey is $450 a month.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.