Cheapest Small Business Insurance

Our study found these are the 5 cheapest small business insurers in the country:

1. ERGO NEXT: $99/mo or $1,182/yr on average. Cheapest business insurance for most small businesses, particularly those with 0 to 4 employees and companies in the contracting/construction, food and beverage, cleaning and pet care industries.
2. Thimble: $105/mo or $1,260/yr on average. Thimble often has the most affordable business insurance for smaller manufacturing companies and select specialty contractors like carpenters and tree surgeons.
3. The Hartford: $109/mo or $1,302/yr on average. Consulting, tech, healthcare and financial service companies and larger companies with more than 5 employees will find the lowest small business insurance rates with The Hartford.
4. biBERK: $110/mo or $1,319/yr on average. Those in the fitness, beauty and marking industries will find the most affordable business insurance rates with biBERK.
5. Nationwide: $112/mo or $1,345/yr on average. Education and nonprofit-related companies will find the most ideal small business insurance rates with Nationwide.

Our list is based on aggregated rates from the six most common types of small business insurance across 400+ industries, all states (including D.C.), employee counts from 0 to 49 and 16 vehicle types (for commercial auto pricing). Your small business insurance costs with providers will vary widely based on your company profile. So, make sure to compare small business insurance quotes from multiple companies to get the best deal.

At the coverage type level, the cheapest small business insurers vary widely. The Hartford, Thimble and ERGO NEXT dominate traditional commercial coverages like general liability, professional liability, commercial property and workers' comp. However, providers that are not included on our overall cheapest small business insurers list like Chubb and Progressive are first in affordability for cyber insurance and commercial auto insurance respectively.

Learn more about the cheapest business insurers by coverage type below in our dedicated guides.

When examining our main 25 industry categories in our study, ERGO NEXT wins 14 out of them as the clear proportional winner for the cheapest small business insurance. In order, The Hartford (4 wins), biBERK (3 wins), Nationwide (2 wins), Thimble and Progressive (1 wins for both) round out our list.

Learn more about cheapest business insurers for your specific industry below.

At the state level, ERGO NEXT is completely dominant overall as the cheapest small business insurance company. Thimble and biBERK are the next runners-up at the location level at 2nd and 3rd place for affordability respectively.

For more state level cheapest small business insurance guides, explore our pages below.

At the company size level, specializations in scale are much clearer. The Hartford while 3rd overall for affordability is the cheapest small business insurance provider for companies with five or more employee while NEXT is the winner when employees are 4 and under.

Based on MoneyGeek's 2026 nationwide analysis, the most affordable business insurance providers are ERGO NEXT, Thimble, The Hartford, biBERk and Nationwide. 

The cheapest for your business depends on the number of employees, preferred coverage, industry, location and other business characteristics. To get the best cheap business insurance for you, compare plenty of quotes and companies, bundle policies, and coverage options.

We recommend that your next steps involve comparing top small business insurance providers rather than isolating who is the price leader. This makes sure that not only you are getting a good rate, but you are getting the coverage and customer support you need along with it. Our team also recommends that you re-verify how much business insurance coverage you need before you start comparing quotes.

We've also broken down some advice that will depend on where you are at in your decision making process.

If you're ready to buy, MoneyGeek can help match you to your cheapest small business insurance provider based on your state and industry area with the tool below.