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Compare Small Business Insurance Quotes & Providers
Compare small business insurance quotes customized to your needs starting at $6/mo with top companies like The Hartford, NEXT and Simply Business.
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Updated: November 20, 2025
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Compare The Best Cheap Small Business Insurance Companies
In the table below you can compare our top small business insurance companies are, who they are best for, and their average rates across the most commonly needed coverage types. You can click each company name to learn more about each of our picks.
Compare Small Business Insurance Quotes
MoneyGeek can help you compare small business insurance quotes by matching you to your top provider. Just enter your industry and state to get your tailored match and get pricing with your ideal match.
Compare Small Business Insurance Quotes With Your Top Provider
Select your industry and state to compare small business insurance quotes from your top company match.
Industry
State
Compare Small Business Insurance Rates
Overall small business insurance costs can range anywhere from $6 to $1,346 per month depending on your state, industry and coverage type chosen. Below you can compare rates for some of the most commonly needed coverage types.
Coverage Type | Average Monthly Rate | Average Monthly Rate Range |
|---|---|---|
$104 | $10 to $1,360 | |
$74 | $10 to $1,122 | |
$78 | $22 to $223 | |
$147 | $100 to $1,991 | |
$318 | $22 to $2,391 |
Compare Small Business Insurance By Industry
Your industry is the leading factor that changes the small business insurance quotes you receive due to the high variance in claims risks by coverage type. For example, a contractor is going to have more workers' comp risk due to the nature of their work than a accountant that is likely to not be injured on the job. To give you more tailored recommendations for your industry, we made commercial insurance guides for different business areas so you're the most informed when comparing.
Compare Small Business Insurance By State
At the state level, general risks such as weather and traffic patterns along with state regulations all vary small business insurance costs when you get quotes from providers. To make comparison easy, you can use our location specific guides to find out what requirements you may have, average rates, and who the best commercial insurance companies are in your state.
Compare Small Business Insurance Coverage Types
The business insurance coverage you need, are required to have and how much of it you should get varies widely by your industry, state and business details. While this is the case, there are generally eight types most small companies and startups likely will need. You can compare each in terms of what they cover, who needs them, and generally the coverage amounts you'll likely need for your company regardless of if you are a sole proprietorship or bigger company.
Covers third-party bodily injury, property damage, personal injury, and advertising injury claims, including legal defense costs. | All businesses that interact with clients, work on customer property, or face public exposure. | $1 million per occurrence/ $2 million aggregate annual limit | |
Covers medical expenses, lost wages, disability benefits, and rehabilitation costs for employees injured or ill due to work-related incidents. | Businesses with employees in most states (required by law in 49 states, Texas being the exception). | Coverage is preset by your state's government | |
Covers claims of negligence, errors, omissions, or failure to deliver professional services that result in client financial loss. | Service providers, consultants, and professionals who give advice or specialized expertise to clients. | $1 million per occurrence/ $1 million aggregate per year | |
Covers vehicle damage, liability for bodily injury and property damage, medical payments, and theft or vandalism of business vehicles. | Businesses that own, lease, or use vehicles for commercial purposes including transportation of goods or employees. | $1 million combined single limit policies (CSL) | |
Covers physical assets including buildings, equipment, inventory, furniture, and fixtures against fire, theft, vandalism, and certain natural disasters. | Businesses that own or lease commercial space and have valuable equipment, inventory, or property at their location. | Replacement cost is determined by how | |
Covers lost income, ongoing expenses, and relocation costs when business operations are suspended due to covered property damage. | Businesses dependent on physical locations or equipment whose closure would result in significant financial loss. | Coverage equal to the estimated revenue losses for 3-6 months of interrupted operations | |
Covers data breach response costs, legal fees, notification expenses, credit monitoring, regulatory fines, and liability for compromised customer information. | Businesses that store customer data electronically, process online transactions, or rely on computer systems for operations. | $1 million per-occurrence and $1 million aggregate annual limit | |
We also realize that the coverage types above may not represent every one of the coverages you may need. So, below we've provided guides where you can compare small business insurance types and determine whether you need them.
How to Compare Small Business Insurance
Comparing business insurance can be confusing for smaller firms, so we created this step-by-step guide to finding the right choice for your company.
- 1
Decide on your business insurance coverage need
To get the best business insurance coverage you need to have the right coverage amount. According to J.D. Power's 2024 Small Commercial Insurance Study, 36% of small businesses experienced premium increases, with 51% initiated by insurers due to inadequate coverage. So, we recommend comparing coverage types, deciding on a coverage level that matches your business's risk for claims and speaking to an independent agent for advice before buying.
- 2
Research business insurance costs and bundles
Compare business insurance average costs for your industry to benchmark potential savings. The best business insurance companies offer multiple ways to reduce premiums through bundling options, annual payments and strategic deductible selection.
- 3
Compare the best business insurance company reputations
Company reputations vary not just by coverage type and state, but also by your industry. Some providers have better experiences for your business than others, so look into industry studies, complaint indexes, customer reviews and review forums like Reddit for the most informed opinion.
- 4
Compare multiple business insurance quotes
Compare multiple company quotes apples to apples in terms of coverage to get the best deal possible. Also, use many different methods for getting quotes, like independent agents, online comparison sites, direct provider quotes and captive provider agents, since pricing varies widely.
- 5
Repeat this process annually
The best business insurance for you today may not be the right one for you in the future, so repeat this small business insurance comparison process to confirm whether you're with the right company. Get quotes and switch providers 30 to 90 days before your policy ends to avoid a lapse in coverage.
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.
sources
- The Hartford. "Business Insurance." Accessed June 27, 2025.
- Trustpilot. "Nextinsurance.com Reviews." Accessed June 27, 2025.
- J.D. Power. "Small Commercial Insurance Customer Retention Hinges on Trust in Rising Rate Environment, J.D. Power Finds." Accessed August 21, 2025.
- J.D. Power. " J.D. Power U.S. Small Commercial Insurance Study." Accessed August 21, 2025.