How Much Is Insurane For Auto Repair Shop

Mechanic & Auto Repair Store Insurance

In a earth where automobiles dominate transportation, mechanics and machine repair shops are some of the backbones of the economy. From diesel fuel mechanics who piece of work on our buses and public transportation to small-scale self-employed mechanics, mechanic store insurance is a must-accept for such businesses .

Whether you're looking for self-employed mechanic insurance or you run a larger store and need a more comprehensive mechanic store insurance policy, nosotros've got you covered. Below, we'll explain what mechanic liability insurance covers and explain some of the common types of mechanic insurance that you may need to consider. Then, nosotros'll requite y'all a quick breakdown of the boilerplate mechanic insurance price for diverse types of coverage options.

Lastly, we'll provide y'all with a cursory review of two of the all-time mechanic and auto repair shop insurance companies.

It's fourth dimension to take a look under the hood of this business concern insurance type!

What Does Mechanic Liability Insurance Comprehend?

Mechanic liability insurance is a type of automobile mechanic insurance that is designed to preclude you and your business from being financially liable for certain accidents or harm that may come to the cars y'all're working on or storing in your auto repair garage.

Given the high cost of cars these days, it's more important than ever to make certain that your car repair business is adequately insured. Otherwise, you could cease upward on the claw for tens of thousands of dollars due to a minor accident on your or your employees' office.

Compare Mechanic & Automobile Repair Store Insurance Quotes

Get all the all-time quotes from leading providers in a click of a push!

mechanic insurance

Now that you know 1 of the reasons why mechanic insurance is so of import allow'south take a few minutes to discuss some of the common types of mechanic businesses that need insurance and what type of insurance coverage is most important for those businesses.

Auto Repair Shop Insurance

Auto repair business concern insurance or car repair store insurance is probable going to be the most involved. Almost likely, you'll have several employees working for you in the shop, so in addition to having a good liability insurance policy, you lot'll as well need to purchase a workers' bounty insurance policy. This will cover any claims coming from employees who get injured while working on a vehicle in your shop. If you own the shop itself, y'all'll likewise want to proceed a holding insurance policy to protect the shop and the equipment within from theft, severe weather impairment, or devastation.

Liability Insurance for Auto Repair Shop

Liability insurance is one of the well-nigh important policies to purchase for your garage . As mentioned in a higher place, your liability policy is mainly designed to protect you from claims coming from customers saying that you damaged their vehicle. Still, a general liability policy tin also cover y'all in the event that a client is injured while on your business premises.

Mobile Car Repair Business Insurance

Mobile mechanic business insurance is what you'll need to purchase if you operate a mobile machine repair business. Generally speaking, mobile mechanics won't have to pay as much in premiums equally a large store volition. Since they don't accept employees and don't need to insure a big shop, they'll only demand mechanic liability insurance.

Mobile Mechanic Liability Insurance

Liability insurance for mobile mechanics will protect you while you're working on a client's auto at their residence or office. Since mobile mechanics typically aren't using hydraulic jacks or other heavy machinery, liability insurance costs for pocket-sized mechanics are usually quite affordable.

Many mobile mechanics as well specialize in diesel mechanic work. Diesel trucks tin often be more complex to piece of work on and cost more than money, so your liability policy may be slightly more expensive for a diesel fuel mechanic insurance policy than a standard car mechanic policy.

Cycle Mechanic Liability Insurance

Although information technology's a completely different topic, nosotros've often received questions most how much bike mechanic liability insurance costs. While some bikes can cost a pretty penny, they are relatively elementary, easy-to-repair machines. As such, the boilerplate bike mechanic liability insurance policy only costs nigh $35 per month .

Mechanic Garage Insurance

Some garage-keeping businesses too offer mechanic services to their clients while the motorcar is being stored. The average garage keepers insurance cost is $96 per month for liability coverage . Typically, the blazon of repair service provided is simple in nature and doesn't involve in-depth repairs. However, there is however a slightly college take a chance, which tin drive the cost of insurance upward to $138 per calendar month for liability coverage only .

Rank and Review Insurance Companies

Help others make better decisions

Mechanic Insurance Cost

So, only how much does mechanic insurance toll? Depending on the type of mechanic work your business provides, it could cost as little every bit $fifty per month or upwards of $200 per calendar month. Below, we'll provide yous with some of the average rates charged by some of the top insurance providers on the market, based on the type of repair work.

-Mobile Mechanic Insurance

Mobile mechanics have a relatively low risk compared to a full-diddled motorcar repair shop or machine dealership. Typically, most mobile mechanics do fine with a general liability insurance policy, although some also purchase a separate insurance policy for their tools and equipment.

Another common insurance policy that some mobile mechanics buy is a commercial motorcar insurance policy. If yous use a vehicle to transport your tools to and from your domicile to your customer's home, then you tin can register information technology equally a commercial vehicle and get additional coverage that your personal car insurance policy won't necessarily provide.

Mobile Mechanic Insurance Cost

On average mobile mechanic liability insurance costs betwixt $49 and $79 per month for a $one,000,000/$2,000,000 aggregate policy. Here are some of the average rates offered by top insurers.

Insurance Provider	Average Monthly Rate	Boilerplate Annual Charge per unit
Geico	$67	$804
State Farm	$59	$708
Allstate	$76	$912
Farmers	$63	$756
USAA	$52	$624

Auto Repair Store Insurance Cost

If you operate a larger motorcar repair shop, then your insurance costs are going to be a practiced bit more expensive. This is due to several factors, such equally the fact that you'll accept employees working for you, a public lobby where customers walk into, more than garage space, and the added risk of keeping your client'south vehicles overnight.

On average, auto repair shop owners pay betwixt $107 and $156 per month for a $1,000,000/$ii,000,000 amass policy. This is for a pocket-sized to mid-sized auto repair shop. If you own a big dealership or an extra-big machine repair shop, and so your price could hands double.

Mechanic Shop Insurance Price

To give y'all a good idea of how much money to set bated for your insurance budget, nosotros've put together a simple tabular array outlining the average toll of insuring a mechanic store. This information was obtained from consumer surveys and is just an average. Keep in heed that your ain rates could be a little bit cheaper or costlier.

Insurance Provider	Boilerplate Monthly Rate	Average Annual Rate
Geico	$136	$1,632
State Farm	$148	$1,776
Allstate	$153	$1,836
Farmers	$118	$1,416
USAA	$109	$i,308

Mechanic & Auto Repair Shop Insurance Quotes Comparison

The all-time way to bang-up a groovy deal and find an affordable auto mechanic and machine repair shop insurance policy is to compare quotes from different insurance companies. By comparing quotes, you'll be able to await at the all-time insurers side-by-side, see which companies offer the best rates and the best coverage.

To showtime comparing right at present, only click 'Get Quotes' below, enter some basic info on your business, a contact email, and you'll receive cheap, competitive rates from peak insurers online!

Compare Mechanic & Auto Repair Shop Insurance Quotes

Get all the best quotes from leading providers in a click of a push!

Best Mechanic Insurance Companies

If you're looking for a great mechanic insurance policy, then you tin can't go wrong with either Geico or Country Subcontract. Both companies offer excellent, comprehensive insurance policies for self-employed mechanics and full-fledged car repair shops as well. Here's a brief overview of each to help you brand the most informed conclusion.

Geico Mechanic Insurance

Geico has you lot covered whether you lot need automobile mechanic store insurance or a simple mechanic trade insurance policy! Not simply is Geico the second-largest insurance provider in the nation, but they also offer some of the most competitive rates for small business insurance policies on the market place. Geico makes handling claims a breeze with offices across the country, agents bachelor for claims 24/7, and a quick and efficient online web and smartphone app.

Pros:

Brand claims 24/7.
Like shooting fish in a barrel-to-utilize online platform and smartphone app to handle your policy.
Smashing rates on minor business organization insurance policies.

Cons:

Due to the large size of the business organization, call look times may be a chip longer than boilerplate.

All-time For: Small to mid-sized machine mechanic shops.

Average Toll: $1,632 per year

Insuranks Rating: 4/5

State Farm Motor Mechanic Insurance

If you need business organisation insurance for an auto repair shop, then Land Farm is an splendid choice. They've received incredible ratings for client service and offer very off-white pricing as far as small car repair shop insurance goes. They too happen to be the biggest insurance provider in the United States, significant that you'll be able to make it affect with agents and representatives in person or over the phone, no thing what time of solar day it is.

Pros:

Best customer service ratings on the market place.
Competitive pricing when comparing quotes.
Commercial insurance policies for small mechanics and large auto repair shops akin.

Cons:

Treatment claims may take longer than average.

Best For: Cocky-employed mechanics, minor machine repair shops.

Boilerplate Cost: $1,776 per year.

Insuranks Rating: 5/v

Recent Reviews

1 / five

This company gives you lot a price that was in place for a year and when you have to use it there is fine print were they tin can go back and charge you more. Would not recommend them to any i. Crooks

1 / 5

Had general liability and workers comp with amguard. Paid high premiums and all the same nevertheless got audited every year and had to pay more. Was able to show less risk the commencement ii audits and disputed price downward but none the less had to pay more just and so I could renew coverage. Third time the audit ( based on what I paid my premium on ) was ridiculous and tried to testify that in that location was no increase in risk from what I paid for my premium. However they would non believe information technology and required I paid full inspect amount in social club to have redline removed. Basically you do what they say and pay whatever outlandish bill they come with or they will brand certain you can't run your business concern anymore. ????

i / 5

Avert these SCAM ARTISTS! They don't pay claims!!! Save yourself the trouble and money!

one / five

They are the worst, my truck was hit in Jan 23 and the merits adjuster has not been out to this very twenty-four hours! They take every alibi in the volume as to why. They have not been to the collision shop. Please AVOID THESE SCAM ARTIST!

four.8 / 5

Excellent platform for business insurance quote comparison online