If your business in Maryland relies on vehicles—whether it’s a single delivery van or a fleet of trucks—understanding the cost and coverage options for commercial auto insurance in Maryland is essential. This blog breaks down everything business owners need to know: how much commercial auto insurance costs, the factors that influence premiums, common types of coverage, and how to find the best policy for your Maryland-based business.

Why Commercial Auto Insurance Matters in Maryland?

For many businesses, vehicles are essential to daily operations. Whether you’re making deliveries, transporting clients, or hauling tools, your vehicles need protection. Maryland law requires minimum liability insurance for any vehicle used for business purposes:

• $30,000 bodily injury per person
• $60,000 bodily injury per accident
• $15,000 property damage

While these minimums meet state law, they are often inadequate for commercial risks. If an accident occurs involving a business vehicle, costs can quickly exceed minimum coverage, leading to significant out-of-pocket expenses or lawsuits. That’s why higher liability limits and additional coverages are often necessary for Maryland businesses.

Average Cost of Commercial Auto Insurance in Maryland

The average cost of commercial auto insurance in Maryland ranges from $1,500 to $3,500 per vehicle per year. Premiums vary based on several key factors, which we’ll explore below. What Affects the Cost of Commercial Auto Insurance in Maryland?

1. Business Location: Urban areas such as Baltimore, Silver Spring, and Rockville tend to have higher premiums due to traffic congestion and a higher frequency of claims. Businesses in rural counties like Garrett or Kent may enjoy lower rates.
2. Type of Vehicle: Larger or specialized vehicles like tow trucks, box trucks, or refrigerated vans cost more to insure than standard sedans or cargo vans.
3. Vehicle Usage: Vehicles used for local travel typically cost less to insure than those used for long-distance or interstate hauling.
4. Driver History: Insurance companies evaluate the driving records of all employees operating commercial vehicles. Clean records result in lower premiums.
5. Type and Amount of Coverage: Your base policy might include liability insurance, but many businesses add:

• Comprehensive and collision
• Uninsured/underinsured motorist
• Hired and non-owned auto insurance
• Cargo and equipment coverage

6. Claims History: Businesses with a history of frequent or high-cost claims often pay more in premiums.
7. Fleet Size: While insuring more vehicles increases total cost, fleet policies can offer bulk discounts and centralized risk management.

Common Industries That Need Commercial Auto Insurance in Maryland

• Construction and contracting
• Landscaping and lawn care
• Medical transportation
• Real estate services
• Delivery and courier companies
• Food trucks and mobile kitchens

Average Premiums by Industry in Maryland

 

Industry	Average Annual Premium (Per Vehicle)
Contractors	$2,000 – $3,200
Delivery Services	$2,500 – $4,000
Landscaping	$1,800 – $2,900
Real Estate Professionals	$1,500 – $2,200
Medical Transport	$2,200 – $3,800

 

Available Discounts for Maryland Business Owners

• Multi-policy bundles (combine commercial auto with general liability or property insurance)
• Safe driver discounts Paid-in-full savings
• Fleet management discounts
• Usage-based insurance programs

Legal Considerations in Maryland

Your policy must comply with Maryland Department of Transportation (MDOT) regulations. If your vehicles operate across state lines, you may also need:

• USDOT Number
• MC Number
• MCS-90 Endorsements
• Form E and H Filings

Work with an insurer experienced in commercial auto insurance in Maryland to ensure all legal filings are handled properly.

Choosing the Right Policy in Maryland

Choosing the best commercial auto insurance in Maryland requires evaluating:

• Your business’s specific risks
• Daily vehicle usage
• Types of goods or passengers transported
• Required limits based on client contracts

At InsuranceIsland, we work with over 25 top-rated insurance carriers to ensure Maryland business owners receive coverage that matches their operations and budget.

Why Choose InsuranceIsland?

• 40+ years of experience in commercial insurance
• Licensed Maryland insurance professionals
• Custom coverage plans to fit your business
• Quick, competitive quotes from leading carriers

📞 Call: 703-957-9541 

📱Text: 1-833-259-5066

📧 Email: sales@insuranceisland.com

Final Thoughts

Whether you’re a general contractor in Montgomery County or run a catering business in Prince George’s, having the right commercial auto insurance in Maryland protects your assets, your employees, and your peace of mind. Let the experts at InsuranceIsland guide you through the process and help you get the coverage your business deserves.