Commercial Auto Insurance in Oregon

If your business in Oregon relies on vehicles for work, having the right commercial auto insurance is essential. Whether you're running a food truck in Portland, transporting equipment across Eugene, or providing delivery services to local businesses, commercial auto insurance helps protect your business from unforeseen risks.

GEICO offers affordable, flexible commercial auto insurance tailored to meet the needs of Oregon’s business owners. With a variety of coverage options and a quick claims process, GEICO ensures that your business stays protected no matter where the road takes you.

What is Commercial Auto Insurance in Oregon?

Commercial auto insurance in Oregon covers vehicles that are used for business purposes. This type of insurance is different from personal auto insurance because it is designed to protect your business assets. It helps cover the costs associated with accidents and damage that occur while your vehicles are being used for business.

If your vehicle is used for deliveries, hauling materials, or providing services, commercial auto insurance helps ensure that your business is covered in case something goes wrong. This type of coverage includes protection for your vehicle, your drivers, and any damages or injuries caused by your business activities. FMCSA and USDOT compliance are also critical for businesses operating large trucks or in interstate commerce.

GEICO’s Commercial Auto policy also allows for personal use of your business vehicle without needing a separate policy, which makes it convenient and cost-effective for businesses with occasional personal use of their vehicles.

Who Needs Commercial Auto Insurance in Oregon?

If you use a vehicle for any business-related activities, you likely need commercial auto insurance in Oregon. This type of insurance protects you from risks associated with using vehicles to support your business. Here are some of the common businesses and professionals in Oregon that need commercial auto insurance.

  • Electricians, plumbers, and HVAC workers: Carry expensive tools and need protection in case of accidents or theft.
  • Contractors like carpenters and painters: Travel often and haul materials, requiring coverage for their tools and any damage they might cause.
  • Landscapers and snow plow services: Trucks and trailers carry heavy gear, which needs special protection.
  • Food Trucks and Catering Services: Food trucks, catering vans, and other delivery vehicles need coverage for their operations. 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.
  • Long-haul truckers: Drive far and carry valuable cargo, so they need strong insurance that meets all legal requirements.
  • Other business types: Even using your personal car for work errands or meetings can be risky. Your regular car insurance may not cover business use, so commercial insurance is often required.

It’s 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 Oregon Commercial Auto Insurance Requirements

In Oregon, businesses are required to meet certain insurance requirements to legally operate on the road. These minimum requirements include the following.

Coverage Type Minimum Requirement in Oregon
Bodily Injury Liability $25,000 per person / $50,000 per accident
Property Damage Liability $20,000 per accident
Personal Injury Protection (PIP) $15,000 per person, per vehicle
Uninsured Motorist (UM) Required
Underinsured Motorist (UIM) Required

PIP is mandatory in Oregon, which means that if you're involved in an accident, each driver’s insurance will pay for their own medical expenses, no matter who was at fault. The size of a settlement generally doesn’t impact insurance costs, but other factors, like at-fault vs. not-at-fault accidents, do. This is different from typical medical payments (MedPay) coverage, which only covers the medical expenses for you and your passengers after an accident. PIP can also cover additional costs like lost wages and child care in the event of an accident.

Optional Commercial Auto Coverages & Add-Ons in Oregon

While Oregon’s minimum coverage provides essential protection, many businesses opt for additional coverage options to enhance their policy and better protect their assets. GEICO offers several optional add-ons to provide more comprehensive coverage.

Standard Commercial Auto Insurance Coverages in Oregon

Oregon-Specific Commercial Auto Coverage Requirements

Oregon requires Personal Injury Protection (PIP), which is an important addition to your commercial auto insurance policy. PIP covers medical expenses, lost wages, and other necessary costs if you or your passengers are injured in an accident, regardless of who is at fault. Unlike MedPay, which only covers medical bills, PIP offers more protection, ensuring you have financial help after an accident.

Types of Vehicles Covered in Oregon

GEICO’s commercial auto insurance can cover a variety of business vehicles. Here are some of the vehicles that can be included in your policy.

  • Business Vehicles: Cars, trucks, or SUVs used for errands, meetings, or other business purposes.
  • Contractor Vehicles: Vans or trucks used to carry tools, equipment, and materials to job sites.
  • Delivery Vehicles: Vans, trucks, or other vehicles used for delivering goods, food, or services to customers.
  • Food Trucks & Catering Vehicles: Vehicles used for food preparation and delivery, protected from damage during transit.
  • Heavy Trucks: Includes tractor-trailers, Dump trucks, Box Trucks, flatbeds, and Cargo & Freight.
  • Owner-Operator Trucks: Vehicles operated by independent drivers who own their trucks.
  • Specialty Vehicles: Refrigerated trucks, buses, or other unique vehicles used for business purposes.
  • Non-Trucking Liability: Coverage for trucks when not hauling cargo or under dispatch.

These factors contribute to the overall cost of your commercial auto insurance policy.

Factors Affecting the Cost of Oregon Commercial Auto Insurance

Reducing your commercial auto insurance premium in Oregon is possible with GEICO’s available discounts. In Oregon, the cost of commercial auto insurance is generally in line with the national average, influenced by the state’s similar insurance requirements and claims history. However, your specific rate will be determined by several unique factors, and your premium may vary significantly based on your business's needs and risks.

Insurance providers typically take into account the following when calculating your rate:

  • Your Job or Industry: Some jobs, like construction or delivery, typically experience higher rates.
  • Type of Vehicle: Bigger vehicles or ones used to carry goods often cost more to insure.
  • Driving History: Drivers with no accidents or tickets usually pay less.
  • How Much Coverage You Want: Choosing higher coverage limits will cost more, but may give better protection.

These factors all contribute to determining how much you’ll pay for commercial auto insurance in Oregon.

Why Choose GEICO for Oregon Commercial Auto Insurance?

GEICO is the preferred choice for many Oregon businesses due to its reputation for offering reliable, cost-effective coverage. GEICO provides flexible policies for businesses of all sizes. Our claims process is quick and efficient, minimizing downtime and helping you get back to work faster. GEICO also offers personalized service and the ability to manage your policy online.

How to Get an Oregon Commercial Auto Insurance Quote from GEICO

Getting a commercial auto insurance quote from GEICO is quick and easy. You can receive a quote online or by speaking directly with a representative. Here’s what you’ll need to get started:

  • Business Information: Type of business, number of vehicles, and coverage preferences.
  • Driver Information: Details of the drivers who will be using the vehicles.
  • Coverage Preferences: What level of coverage and limits your business requires.

Get started with your free quote today and secure the protection your business needs.

Oregon Commercial Auto Insurance FAQs

  • How quickly can I get coverage for a new business vehicle in Oregon?

    Once you’ve provided the necessary details, GEICO can often add coverage for your new business vehicle immediately. You can typically get coverage the same day by updating your policy onlineor by speaking with a GEICO representative. Be sure to have your vehicle information ready to ensure a smooth process.

  • What is required to add or remove a vehicle from my commercial auto policy?

    To add or remove a vehicle from your commercial auto policy in Oregon, you’ll need to provide some basic information, including:

    • Vehicle Details: Make, model, year, VIN (Vehicle Identification Number), and usage.
    • Driver Information: The drivers who will be using the vehicle.
    • Coverage Preferences: Any updates to your coverage limits or additional coverage options.

    Once this information is provided, GEICO can quickly make adjustments to your policy. Adding or removing vehicles is an easy process that can often be done online or with the help of a GEICO representative.

  • Does my policy cover equipment or inventory stored in my business vehicles?

    Standard commercial auto insurance typically covers damage to the vehicle itself, but may not cover the tools, equipment, or inventory stored inside. However, GEICO offers options to add coverage for items stored in your vehicle, so be sure to discuss these options with a GEICO representative to ensure your business vehicles and their contents are properly protected.