Commercial Auto Insurance in Oklahoma

Operating a business in Oklahoma often means your vehicles are vital to your day-to-day operations. If you're driving a delivery truck, hauling equipment, or transporting materials throughout the state, commercial auto insurance is essential to protect your business from unexpected accidents and expenses. In Oklahoma, where winter weather and road conditions can be unpredictable, having the right coverage is essential to ensure your business runs smoothly, even during adverse conditions.

With GEICO’s affordable and flexible commercial auto insurance, you can get the coverage your Oklahoma business needs. Commercial auto insurance safeguards your vehicles for business purposes and also includes coverage for personal use, all within a single policy. GEICO ensures that your business vehicles are protected, no matter where the road takes you.

What is Commercial Auto Insurance in Oklahoma?

Commercial auto insurance is specifically designed for vehicles that are used for business purposes. Unlike personal auto insurance, commercial auto policies cover a wider range of risks associated with running a business.

If you use a vehicle for tasks like transporting goods, meeting clients, or providing services, commercial auto insurance helps protect you from claims from accidents, vehicle damage, and more. This insurance covers not only the vehicle but also any injuries or property damage caused by your business vehicle.

Who Needs Commercial Auto Insurance in Oklahoma?

The answer is simple: any business that uses vehicles as part of its operations in Oklahoma needs commercial auto insurance. Here are some common professions that may need to rely on commercial auto policies:

  • Contractors and Tradespeople: Electricians, plumbers, and HVAC technicians who carry expensive tools and equipment.
  • Carpenters, Painters, and Contractors: These workers move equipment and supplies between job locations.
  • Landscapers and Snow Plow Services: Vehicles used to transport heavy landscaping equipment.
  • Caterers and Food Vendors: These businesses use vehicles to bring food and supplies to events.
  • Delivery Services: Businesses that transport products, goods, or materials need to cover any potential accidents.
  • Real Estate Agents and Salespeople: Professionals who use their vehicles to meet clients and attend property showings.
  • Long-haul trucking: Long-distance drivers carry valuable cargo and must follow strict safety rules.

If your business uses vehicles to perform tasks for clients or to transport goods, you may likely need commercial auto insurance. Because coverage can vary between insurers, check with your provider to confirm which business-related tasks are covered under your personal auto policy before using your vehicle for work purposes. It’s also important to note that all drivers need to be listed on the commercial auto insurance policy to ensure that coverage applies when they operate the vehicle for business purposes.

Minimum Oklahoma Commercial Auto Insurance Requirements

Oklahoma’s commercial auto insurance requirements ensure that businesses are covered in case of accidents, injuries, or property damage. The minimum required coverage includes:

Coverage Type Minimum Requirement in Oklahoma
Bodily Injury Liability $25,000 per person/$50,000 per accident
Property Damage Liability $25,000 per accident
Uninsured Motorist (UM)/Underinsured Motorist (UIM) $25,000 per person/$50,000 per accident

To see how accidents and coverage types influence your policy, it’s important to look at what each component actually covers and how insurers assess risk. The size of a settlement generally doesn’t impact insurance costs, but other factors, like at-fault vs. not-at-fault accidents, do. Medical payments (MedPay) coverage, for example, is designed to pay for the medical expenses of you and your passengers after a collision, regardless of fault.

Optional Commercial Auto Coverages & Add-Ons in Oklahoma

While Oklahoma’s required minimums provide business owners with a solid starting point, they don’t cover every situation you might face. That’s why GEICO offers a variety of optional add-ons to provide extra coverage for both your vehicles and your employees.

Common additional coverages include:

Federal Compliance for Business Vehicles in Oklahoma

Businesses in Oklahoma that operate larger or commercial vehicles may need to comply with federal safety and registration requirements in addition to maintaining the state’s minimum insurance. The Federal Motor Carrier Safety Administration (FMCSA) and the U.S. Department of Transportation (USDOT) require many companies to obtain a USDOT number if they operate vehicles with a gross vehicle weight of 10,001 pounds or more.

FMCSA regulations for Oklahoma-based carriers typically include regular vehicle inspections, maintaining driver qualification files, and following hours-of-service rules to ensure drivers remain alert and safe on the roads. Depending on your business type, you may also need to keep detailed maintenance records, implement drug and alcohol testing programs for drivers, and comply with other federal regulations.

Types of Vehicles Covered in Oklahoma

Oklahoma businesses can cover a wide variety of vehicles under their commercial auto insurance policies. Below are examples of vehicles that can be covered under a commercial auto insurance policy:

  • Business Vehicles: Company cars, SUVs, and pickups used for business errands or deliveries.
  • Contractor Vehicles: Work vans and trucks for transporting tools and equipment.
  • Delivery & Service Vehicles: Vans or trucks for deliveries, repairs, or client visits.
  • Food Trucks and Catering Services: Food trucks and catering vans that need protection while on the road. It’s important to note that food spoilage, food-borne illness, allergic reactions, product liability (hot beverages), and equipment breakdowns are not covered under commercial auto insurance, so businesses should consider additional coverage like General Liability (GL) instead of a Business Owners Policy (BOP) for these situations. You can also add business personal property protection to the GL to cover additional business items, such as cooking equipment or inventory stored in the vehicle.
  • Heavy Trucks: Includes tractor-trailers, dump trucks, box trucks, flatbeds, and cargo & freight trucks.
  • Owner-Operator Trucks: Independently operated trucks or vans, including those leased to a company.
  • Non-Trucking Liability: Coverage for trucks when not hauling cargo or under dispatch.
  • Specialty Vehicles: Refrigerated trucks, buses, or other unique vehicles as needed.

Factors Affecting the Cost of Oklahoma Commercial Auto Insurance

In Oklahoma, several factors influence the cost of commercial auto insurance. While premiums tend to align with national averages, personal factors such as the type of work you do, the vehicles you drive, and the coverage you choose will have the biggest impact on the premium you actually pay.

Some factors that may affect your premium include:

  • Job or Industry: Jobs like construction or delivery typically have higher premiums.
  • Type of Vehicle: Larger vehicles or those used to transport goods often cost more to insure.
  • Driving History: Drivers with a clean history usually pay lower rates.
  • How Far You Drive: If your vehicle travels long distances or goes through busy areas, your costs may increase.
  • Coverage Amount: Choosing higher limits or additional coverage will increase the premium.

If you’re worried about premium costs, GEICO offers commercial auto insurance payment plans to help Oklahoma businesses get the protection they need.

Why Choose GEICO for Oklahoma Commercial Auto Insurance?

GEICO is a trusted name in commercial auto insurance. We offer reliable, cost-effective solutions for Oklahoma business owners, providing personalized policies tailored to your unique needs. With coverage for a wide variety of vehicle types, our quick claims process ensures that your business experiences minimal downtime in the event of a claim.

With flexible payment options, personalized coverage, and experienced agents, GEICO is here to support your business, no matter how big or small.

How to Get an Oklahoma Commercial Auto Insurance Quote from GEICO

Protecting your business vehicles in Oklahoma is simple with GEICO. You can get a free commercial auto insurance quote online or speak with a licensed agent, whichever works best for your business. The process involves providing details about your business, your drivers, and your coverage preferences. Start your quote today and gain the peace of mind that comes from knowing your Oklahoma commercial vehicles are properly insured.

Oklahoma Commercial Auto Insurance FAQs

  • What are the penalties for lack of coverage on commercial vehicles in Oklahoma?

    Operating a commercial vehicle without the required insurance in Oklahoma can result in fines, license suspension, vehicle impoundment, and potential civil responsibility if an accident occurs. Businesses may also face higher penalties if their uninsured vehicle causes injury or property damage.

  • Can I add employees as drivers on my commercial auto insurance policy?

    Yes. Employees who drive company-owned vehicles can be added as covered drivers under a commercial auto insurance policy. This ensures that liability and other coverages extend to employees operating vehicles for business purposes, provided they are authorized and properly listed on the policy.

  • Are personal vehicles used for business covered under commercial auto insurance?

    Not automatically. Personal vehicles used for business purposes may require a separate commercial auto policy or a business-use endorsement on a personal auto policy. It’s important to disclose business use to ensure proper coverage and avoid denied claims.