We analyzed commercial limo insurance rates from five major providers in all 50 states for $1 million CSL liability. NEXT Insurance offers the cheapest coverage for small limo businesses, saving $50 to $100 monthly. The Hartford costs more but includes agent support. Nationwide specializes in high-mileage operations.
Best Cheap Commercial Limo Insurance For Small Business
Cheap commercial limo insurance for small businesses costs $828–$1,403 monthly. NEXT Insurance ($828), The Hartford ($901) and Nationwide ($918) offer the lowest rates.
Compare limousine insurance quotes and save up to $575 monthly.
Select your industry
Select state
Updated: November 11, 2025
Advertising & Editorial Disclosure
Cheap Commercial Limo Insurance for Small Business: Key Takeaways
NEXT Insurance ($828/month), The Hartford ($901), and Nationwide ($918) specialize differently: NEXT offers the lowest rates through digital-only service, The Hartford excels in customer service, and Nationwide specializes in high-mileage operations.
Insurance costs depend on your state. For example, Vermont operators pay $581 per month, while New York businesses pay $1,403 for the same $1 million CSL coverage.
Using dash cams can lower your premiums by 15 to 25 percent. Increasing your deductible from $500 to $1,000 can save another 10 to 20 percent, reducing annual costs by $2,000 to $6,000.
Best Cheap Commercial Limo Insurance Companies for Small Businesses
| NEXT Insurance (Progressive Commercial) | 4.71 | 4.27 | 5.00 | 4.64 | 1 |
| The Hartford | 4.35 | 4.60 | 4.97 | 4.55 | 2 |
| Nationwide | 4.31 | 4.40 | 4.41 | 4.36 | 3 |
| biBERK | 4.21 | 4.32 | 4.79 | 4.36 | 3 |
| GEICO | 4.20 | 4.06 | 4.21 | 4.16 | 5 |
Get Your Commercial Limo Insurance Quote
Compare rates from top providers for your limo business. Enter your fleet size and location to see customized quotes in minutes.
Industry
State
NEXT
Cheapest Commercial Limo Insurance
MoneyGeek Rating
4.6/ 5
4.7/5Affordability
4.3/5Customer Experience
5/5Coverage Points
Average Cost
$828/monthlyOur Survey: Claims Process
4.5/5Our Survey: Likely to Recommend
4.5/5
The Hartford
Best Customer Service
MoneyGeek Rating
4.5/ 5
4.4/5Affordability
4.6/5Customer Experience
5/5Coverage Points
Average Cost
$901/monthlyOur Survey: Claims Process
4.5/5Our Survey: Likely to Recommend
4.5/5
How We Evaluated Commercial Limo Insurance Companies
We requested quotes from three companies across all 50 states. NEXT Insurance came out cheapest at $828 monthly with a perfect 5.0 coverage score, ranking #1 for affordability in 34 states. The Hartford runs $901 monthly, but that extra cost buys you superior service (4.60/5) and faster claims. Nationwide sits at $918 monthly and focuses on high-mileage businesses, with competitive rates in Iowa and Nebraska.
Commercial Limo Insurance Cost: What Small Businesses Pay in 2025
Commercial limo insurance for small businesses costs $828–$1,403 monthly for $1 million CSL coverage, with a national average of $904 monthly ($10,847 annually). Costs vary based on location, fleet size, driving records and coverage choices.
Cost by Fleet Size
1 Vehicle | $581–$1,403 | $6,977–$16,832 | $581–$1,403 | Bundle with general liability (8–15% savings) |
2–3 Vehicles | $1,083–$3,333 | $13,000–$40,000 | $542–$1,111 | Multi-vehicle discount (5–10%) |
4–5 Vehicles | $1,917–$5,417 | $23,000–$65,000 | $479–$1,083 | Fleet discount (10–15%) |
Four Factors That Determine Your Rate
Your State
Rates vary by 141% between states. Vermont has the lowest rates ($581/month) while New York has the highest ($1,403/month) for $1M CSL coverage.
Your Fleet Size
Smaller operators with one to three vehicles typically qualify for better rates than larger fleets due to reduced exposure.
Your Coverage Choices
Higher liability limits ($2M vs $1M) typically add 15–30% to premiums, while raising deductibles from $500 to $1,000 typically reduces costs 10–15%.
Your Driving Records
Keep all your drivers' records clean. It's the single biggest factor you control when it comes to cost. A speeding ticket can bump rates 20%, while a DUI might increase them 80% or more.
Best Commercial Limo Insurance Cost by State
State regulations and litigation climates create dramatic cost variations. Vermont offers the cheapest rates while New York operators pay 141% more for identical coverage.
| Vermont | $581 | $6,977 | $3,870 | 36% |
| Maine | $602 | $7,229 | $3,618 | 33% |
| New Hampshire | $611 | $7,332 | $3,516 | 32% |
| Idaho | $626 | $7,510 | $3,337 | 31% |
| North Dakota | $656 | $7,867 | $2,980 | 27% |
| Iowa | $680 | $8,157 | $2,690 | 25% |
| Hawaii | $710 | $8,518 | $2,329 | 21% |
| Nebraska | $719 | $8,624 | $2,223 | 20% |
| Utah | $732 | $8,781 | $2,066 | 19% |
| Alabama | $740 | $8,876 | $1,971 | 18% |
| Wyoming | $742 | $8,906 | $1,941 | 18% |
| Montana | $754 | $9,046 | $1,801 | 17% |
| North Carolina | $768 | $9,219 | $1,629 | 15% |
| Oklahoma | $786 | $9,435 | $1,412 | 13% |
| Wisconsin | $800 | $9,599 | $1,248 | 12% |
| Arkansas | $801 | $9,617 | $1,231 | 11% |
| Mississippi | $819 | $9,824 | $1,023 | 9% |
| West Virginia | $827 | $9,927 | $920 | 8% |
| Indiana | $828 | $9,936 | $911 | 8% |
| Ohio | $834 | $10,005 | $842 | 8% |
| Alaska | $838 | $10,057 | $790 | 7% |
| Kentucky | $841 | $10,088 | $759 | 7% |
| New Mexico | $847 | $10,161 | $686 | 6% |
| Virginia | $856 | $10,267 | $581 | 5% |
| Georgia | $872 | $10,466 | $381 | 4% |
| Oregon | $889 | $10,668 | $179 | 2% |
| Delaware | $891 | $10,696 | $151 | 1% |
| South Carolina | $895 | $10,737 | $110 | 1% |
| Tennessee | $912 | $10,943 | -$96 | -1% |
| Minnesota | $923 | $11,081 | -$233 | -2% |
| Nevada | $937 | $11,240 | -$393 | -4% |
| Arizona | $943 | $11,319 | -$472 | -4% |
| South Dakota | $951 | $11,414 | -$567 | -5% |
| Pennsylvania | $954 | $11,451 | -$604 | -6% |
| Missouri | $969 | $11,627 | -$779 | -7% |
| Colorado | $1,004 | $12,043 | -$1,196 | -11% |
| Connecticut | $1,020 | $12,240 | -$1,393 | -13% |
| Texas | $1,032 | $12,385 | -$1,537 | -14% |
| Illinois | $1,033 | $12,392 | -$1,545 | -14% |
| Washington | $1,038 | $12,461 | -$1,614 | -15% |
| Massachusetts | $1,058 | $12,696 | -$1,849 | -17% |
| Maryland | $1,067 | $12,805 | -$1,958 | -18% |
| Rhode Island | $1,073 | $12,880 | -$2,033 | -19% |
| California | $1,084 | $13,009 | -$2,162 | -20% |
| New Jersey | $1,125 | $13,496 | -$2,648 | -24% |
| Michigan | $1,158 | $13,892 | -$3,045 | -28% |
| Florida | $1,229 | $14,751 | -$3,903 | -36% |
| Louisiana | $1,342 | $16,103 | -$5,256 | -48% |
| New York | $1,403 | $16,832 | -$5,985 | -55% |
Most Expensive States for Commercial Limo Insurance
High litigation rates and strict regulatory requirements drive up costs in these states:
- New York: $1,403/month
- Louisiana: $1,342/month
- Florida: $1,229/month
- Michigan: $1,158/month
- New Jersey: $1,125/month
Cheapest States for Commercial Limo Insurance
Lower claim frequencies and business-friendly regulations keep rates affordable:
- Vermont: $581/month
- Maine: $602/month
- New Hampshire: $611/month
- Idaho: $626/month
- North Dakota: $656/month
Average Cost by Limo Service Type
Your business model directly affects your insurance costs. We analyzed rates across five common limo service types and found costs vary by up to 50% based on how you operate.
Airport shuttle services
$550–$850 monthly ($6,600–$10,200 annually). You're driving predictable routes during daytime hours with business travelers who rarely file claims. Insurers reward this consistency.
Part-time and weekend operators
$450–$750 monthly ($5,400–$9,000 annually) due to limited annual mileage. If you only drive Friday and Saturday nights, you're on the road far less than full-time services, which reduces your risk exposure.
Wedding and event services
$650–$1,000 monthly ($7,800–$12,000 annually). You're operating during peak accident times (nights and weekends), passengers often consume alcohol, and special events create additional liability concerns. The seasonal nature of the business doesn't reduce costs since insurers price for peak-period risk.
Corporate and executive services
$750–$1,200 monthly ($9,000–$14,400 annually). Higher-value vehicles like luxury sedans and executive vans drive these costs up, and executive clients expect premium service with corresponding liability coverage.
Rideshare luxury services (Uber Black or Lyft Lux)
$800–$1,350 monthly ($9,600–$16,200 annually). You're accepting unknown passengers multiple times daily, increasing both frequency and severity of potential claims. The commercial nature and high-mileage operation push these to the highest rate tier.
COST-SAVING TIP
Many small limo businesses combine service types (weddings on weekends, corporate contracts on weekdays). When getting quotes, specify all your operations so insurers can assess your actual risk profile. You might qualify for lower rates than single-service operators.
How to Get Cheap Commercial Limo Insurance
You can cut your commercial limo insurance costs 30–50% through smart decisions. These proven strategies deliver the biggest savings without sacrificing the protection your business needs.
Install Dash Cams & GPS Tracking (Save 15–25%)
Video evidence protects you from false claims and speeds up legitimate ones. Entry-level dash cams cost $150–$300 per vehicle, and the insurance savings typically pay for the equipment within six to 12 months. GPS tracking also helps recover stolen vehicles and proves your drivers follow safe routes.
Increase Your Deductible (Save 10–20%)
Raising your deductible from $500 to $1,000 cuts premiums 10–15%, while jumping to $2,500 saves another 5–10%. The key: maintain an emergency fund equal to your deductible so you're not caught short when filing a claim. This strategy works best for operators with strong cash reserves.
Bundle Multiple Coverages (Save 8–15%)
Combine your commercial auto insurance with general liability and umbrella coverage through one insurer. You'll save 8–12% on each policy, with total savings reaching 15–25% when all coverages are bundled. Plus, you'll simplify billing and have one point of contact for all claims.
Maintain Clean Driving Records (Save 10–20% Over Time)
Your rates improve with each claim-free year. Good driver discounts increase gradually, reaching 15–20% after three consecutive years without violations or at-fault accidents. This is your most sustainable long-term savings strategy since it compounds annually.
Pay Annually Instead of Monthly (Save 5–10%)
Monthly payment plans include $3–$10 installment fees per payment. On a $10,000 annual policy, those fees add $360–$1,200 over the year. Paying upfront eliminates these charges completely. If cash flow is tight, consider a six-month payment plan as a middle ground.
Implement Formal Safety Programs (Save 5–10%)
Create written safety policies, conduct regular vehicle inspections and hold monthly driver safety meetings. Most insurers provide free program templates, making this one of the easiest discounts to qualify for. Document everything—insurers verify your program during audits, and good records prove your commitment.
Shop and Compare Quotes Annually (Save $500–$1,200)
Insurance rates change every year based on claims experience and market conditions. Get quotes from at least three providers before your renewal date. Verify each insurer has an A- or better A.M. Best rating to ensure they'll be there when you file a claim.
Best Cheap Commercial Limo Insurance: Bottom Line
NEXT Insurance offers the lowest rates at $828 monthly, though The Hartford and Nationwide are worth checking too. You can slash your premiums 25–45% right away by installing dash cams and bumping up your deductible. Shop all three providers every year since rates shift and your business evolves.
Cheap Commercial Limo Insurance: FAQ
We've answered the most common questions small limo business owners ask about finding affordable commercial coverage:
How much does commercial limo insurance cost for small businesses?
You'll pay $828–$1,403 monthly for $1 million CSL coverage, with a national average of $904 monthly. Your actual cost depends on your state, driving records and how many vehicles you operate. Vermont starts at $581 while New York reaches $1,403.
Where can I find cheap commercial limo insurance?
NEXT Insurance leads at $828 monthly nationally, with Maine starting at $602. The Hartford works well for small fleets, with rates varying by state. Your best bet is comparing quotes from all three providers in your specific state.
What's the cheapest limo insurance for new businesses?
Expect to pay 10–20% more as a new business, typically $900–$1,200 monthly. NEXT Insurance specializes in startups with no minimum premiums. You can cut costs right away by choosing $1,000 deductibles. Installing dash cams also helps prove safe driving and may reduce premiums.
What types of business insurance do I need for my limo company?
Beyond commercial auto insurance, limo businesses should consider general liability insurance for passenger injuries on your property, commercial umbrella insurance for catastrophic claims and business property insurance to protect your office and equipment. Many small business insurance packages bundle these coverages at a discount.
How do I get business insurance for my limo service?
Getting business insurance starts with assessing your coverage needs based on fleet size and services offered. Request quotes from at least three providers, compare types of business insurance required for your operation, and verify each insurer's financial ratings before purchasing.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.