Commercial Auto Insurance-The Risks

A recent Insurance Journal article was noted the top 10 areas for automobile theft in the U.S. as reported by the National Insurance Crime Bureau’s (NICB) latest Hot Spots report.

For 2014, the 10 Metropolitan Statistical Areas (MSAs) with the highest vehicle theft rates according to NICB were:

2014 Ranking

2013 Ranking

1. San Francisco/Oakland/Hayward, Calif. (29,093) 4. (29,326)
2. Bakersfield, Calif. (5,211) 1. (6,267)
3. Stockton-Lodi, Calif. (4,245) 5. (4,245)
4. Odessa, Texas (886) 12. (764)
5. Modesto, Calif. (3,047) 3. (3,565)
6. Spokane-Spokane Valley, Wash. (3,032) 7. (3,205)
7. Vallejo-Fairfield, Calif. (2,414) 8. (2,540)
8. Seattle-Tacoma-Bellevue, Wash. (20,268) 13. (18,128)
9. Fresno, Calif. (5,260) 2. (6,750)
10. San Jose-Sunnyvale-Santa Clara, Calif. (10,531) 9. (10,925)

Theft is a small but significant risk to consider when analyzing automobile insurance coverage.  For a business evaluating commercial auto insurance, the risks obviously include bodily injury liability, property damage liability, medical expenses to others, underinsured & uninsured motorists coverage as well as, physical damage to your vehicle(s).   Remember, the likelihood of an auto accident is much greater than the theft of an automobile.  Whether you need personal or commercial automobile insurance, make sure you have a knowledgeable insurance broker evaluating all of your potential exposures.

Let the Armstrong Company Insurance Consultants help you with your Commercial or Personal Auto Insurance.  Contact us at 1-866-990-9286.  We are here to work for you!

The Armstrong Company Insurance Consultants (License #0440075)

Posted on: July 22nd, 2015 at 10:59am by Armstrong. Filed under: Auto insurance, Commercial Insurance
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