If you are the one who is on the hunt for cheap car insurance Oxford MS, this writing will guide you. It’s always stressful to determine the right and best auto insurance companies Oxford MS. But before buying the insurance plan, it is vital to set your priorities and select a budget-friendly company with good service. But there are specific rules that you must consider while choosing the best car insurance companies Oxford MS.
- First, know your driving history, habits, and environment like roads, highways, city, etc.
- After finding the affordable car insurance quotes, Oxford MS doesn’t forget to compare companies with each other. It is the best and ultimate way to find deals that offer perks.
- On the other hand, set aside your budget for the insurance. For instance, there are two insurance plans, “Basic liability” and “Platinum,” so find a middle ground between both.
In the end, don’t forget to search for the reliability and efficiency of the insurance company. Thus, in this way, it will be easier to file and process your insurance claims. However, if you select a company with bad service, you will wait forever to process your claims.
The Best Car Insurance Companies In Oxford MS
Car insurance rates vary according to driving history and many other factors. However, if you hunt for the best insurance companies Oxford MS, then go behind the best offers with perks. But by comparing companies, you will be able to grab great deals and quotes. The bonuses and recommendations are based on the driving records and roads you are aiming to drive. So, here are some best auto insurance companies in Oxford, MS, that offer cheap auto insurance Oxford MS:
|2||Mississippi Farm Bureau||$965|
All these companies offer complete coverage insurance plans. But the price will be higher if the driver is indulged in accidents or traffic-related violations. Thus, due to this, the price may change. So, before finalizing the company study about the discounted plans, financial strength score, and customer service. However, by comparing companies, you will find good and discounted deals with the best terms.
Requirements Of Oxford Auto Insurance
Before heading further, it is vital to get information about requirements to get cheap car insurance in Oxford, MS. If you are Oxford’s citizen, you should carry a document to prove that the vehicle is insured. Later, you will get compensation with the following ratio:
|Insurance plan||Minimum coverage amount|
|Liability coverage for bodily injury/death/accident caused by owner||$25,000|
|Liability coverage for complete bodily injury/death in an accident||$50,000|
|Liability coverage for property damage caused by the owner||$25,000|
Note: The liability coverage insurance is liable to pay medical bills, property damages, and other costs caused by accidents. But the coverage amount depends upon the damage that other person faced. If the damage is more significant, your personal property will be at stake. So, it’s always preferred to go with the higher insurance limits, as it protects personal assets.
Cost Of Cheap Car Insurance Oxford MS
After getting a glimpse of Oxford MS’s cheap car insurance, let’s come towards the average price. So, the average cost of car insurance is lower in Oxford, MS, than in other states. Thus, it’s great news if you are in Oxford, MS, and looking for affordable car insurance quotes Oxford MS. However, the average price is around:
$1,880 per year – For Auto Insurance
Note: But it is vital to remember that the average price may vary, and it is based on different factors. The factors include things like marital status, credit score, age and driving record, etc. So, here are the average rates of the best car insurance companies in Oxford, MS, in different conditions.
Cheap Auto Insurance Oxford MS For Married Couples
The limit of the insurance premium is higher for the married couples in Oxford, MS. So, here is the average rate list of the best companies available in Oxford, MS.
|Company||Married couple rates|
|Mississippi Farm Bureau||$1,784|
|State Farm Insurance Company||$2,475|
The above rates of the best auto insurance companies in Oxford, MS, are two car policies. Apart from this, the married couple could include any teen driver in the policy.
Oxford MS Cheap Car Insurance Quotes For Young Drivers
If the driver is young, then the insurance premium will be higher. The rates are higher in the early age limit, but things get normal when drivers spend more years on the road. So, here are some best car insurance companies in Oxford, MS, to grab a good deal.
|Mississippi Farm Bureau||$2,265|
Still, if young drivers want to save premium, then stay attached to the parent’s policy. In this way, you can ask for promotional prices. Apart from this, there are other discounts like a good student, etc., to lower the cost.
Oxford Car Insurance For Drivers With An Excellent Record
If you are one of those drivers who always avoid speeding tickets and accidents, you can get good deals. Apart from this, avoid the police cases, or stay away from getting DUI. If the insurer thinks that you are a low-risk driver, then the company will not feel harm in giving discounted deals.
|Insurance Company||Full Coverage|
It means the high driving score surely helps to get deals from the best car insurance companies Oxford MS. Apart from this, you have the option of asking for a forgiveness discount in case of minor traffic violations. Moreover, in full coverage insurance, you can add roadside assistance, ride-share, replacement cost, etc.
Cheap Car Insurance Oxford MS For Good Young Drivers
It is like a good combination that enables you to get a discount on insurance premiums. So, if you are a young but good driver, then be ready to enjoy the discount on insurance premiums. Thus, here are the best car insurance companies Oxford MS.
|Mississippi Farm Bureau||$1,189|
Apart from this, young people can avail of other discounts like GOOD STUDENT or for the people who have taken the defensive driving course. On the other hand, there is a discount policy for people who own multi-policy insurance, parent’s policy, etc. So, there are plenty of ways for young drivers to save money.
The Best Coverage For Multiple Cars In Oxford MS
You can find affordable car insurance quotes in Oxford, MS, by comparing the rates of all available companies. So, you are eligible for discounts if you choose to get multiple insurance plans from one company. However, here are the average prices of the best auto insurance companies in Oxford, MS.
|Number of Cars||Insurance Cost|
Note: It’s always better to compare the rates before finalizing the deal. But these average rates could vary, and that depends upon the individual factors and conditions.
Cheap Car Insurance Quotes In Oxford MS By Age
It is no secret anymore that insurance plans for teenagers are the most expensive ones. It means that mid-age drivers pay less compared to teenagers. Still, there are some best cheap car insurance companies in Oxford, MS, with reasonable rates.
|Age of Driver||Insurance Cost|
But when the teenager hits the 20s, then the insurance premium plan significantly drops. Young drivers under 25 years indulge more in accidents. So, in this case, getting collision and comprehensive insurance plans could be less expensive.
Cheap Car Insurance In Oxford MS After The Accident
If you are the one who gets into more accidents, then you will have to pay more in the account of the premiums. The accident results in an immediate surge in insurance rates. Still, it is vital to compare the rates because there are chances to grab comparatively good deals.
|Mississippi Farm Bureau||$1,862|
If you are getting cheap car insurance Oxford MS, then after the accident, you must pay more. So, after accidents, it is recommended to switch the company to avoid a surge in premiums. But always compare the prices before finalizing the deal.
Cheap Auto Insurance In Oxford MS After Speeding Ticket
If you are going above the speed limit, then you can get a speeding ticket. Apart from this, if the driver is not following the minimum speed limit, then you are also liable for a ticket. So, after getting the ticket, there will be a surge in insurance premiums. So, with the speeding ticket, there are good companies to find affordable car insurance quotes in Oxford, MS.
But if you have more violations like DUI, accidents, and speeding tickets, it will lead towards a higher premium. So, if the driving record gets dirty, then change the insurance company. But don’t forget to compare the rates to find the best deals.
Best Car Insurance Companies In Oxford MS For Drivers With Bad Credit Scores
Credit score plays a vital role in finding the discounted insurance deals. But if your credit score is terrible, then you must pay more amount as a premium. However, if we look at the average rates with a good score, it is around $1,149/year. On the other hand, drivers with low credit scores get $1,375/year as insurance premiums. Typically, the credit score comes in a range. For instance, if the score is lower than 667, then drivers will have to adopt other ways to lower the premium. Here is the average rate list of cheap car insurance Oxford MS:
|Mississippi Farm Bureau||$1,865|
But if you want lower insurance premiums, then you must adopt specific tips for this. It takes time to improve the bad credit score. Still, if you have a higher credit score, many other factors can increase the insurance premium.
Cheap Auto Insurance Quotes In Oxford MS For Minimum Coverage
The minimum coverage insurance doesn’t cover everything in case of accidents and damages. For instance, if the driver gets into an accident, insurance will not cover all bills and expenses. Still, if you want to go for the minimum coverage, then here is the list of best car insurance companies Oxford MS:
|Mississippi Farm Bureau||$682|
If you get FF, then it is preferred to compare rates of different companies. But many other factors combine and decide the amount that you will pay.
Cheap Car Insurance Oxford MS For Seniors
Senior citizens are those people who are 60 years or above in age. So, in this age group, you can garb good deals due to your driving record. Generally, senior citizens pay more compared to adult citizens. Apart from this, if the senior citizen has taken driving classes, there are chances to get more discounts. Here is the average rate list in Oxford Ms, for senior citizens:
|Mississippi Farm Bureau||$1,075|
But it’s preferred to go for detailed checkups to know your limitations and capabilities on the road. So, if the physical condition is exemplary and the senior citizen has taken a driver safety course, there are chances of discount.
Affordable Auto Insurance Quotes In Oxford MS After DUI
The complete form of the DUI is DRIVING UNDER INFLUENCE. For instance, if the driver is under the influence of alcohol more than the amount legally allowed, it is known as DUI. If the driving record is clean without any DUI, speeding ticket, or at-fault accident, then you will get cheaper options. Apart from this, you can ask for a CLEAN DRIVING DISCOUNT in case of a spotless record. But if the history is filled with faults and DUI, then there will be more rates. Here is the average rate of best car insurance companies Oxford MS:
If your record is filled with DUI, then the insurer can deny giving you vehicle’s insurance. So, in this case, you can get help from state-sponsored insurance programs. The primary purpose of these companies is to adjust high-risk drivers by shifting the burden between different companies.
Tips For Finding Cheap Car Insurance quotes In Oxford MS
Auto Insurance is a need, and if you don’t ask for discounts, it could be way expensive. So, before finalizing the deal, it is preferred to gather proper knowledge. Here are some tips that you can use to get affordable car insurance quotes Oxford MS:
- The first thing is to visit the best auto insurance companies in Oxford MS, and compare the prices. After doing this practice, you will get knowledge of how insurance works and discounted deals. Later, you can grab the best deal that goes best with your requirements.
- Apart from this, don’t forget to ask for affiliation discounts. Few insurance providers give discounts if you are associated with a specific organization. For instance, the organization could be military, firefighting, lawmaking, medicine, etc.
- Moreover, you can get discounts by availing of the bundling facility. In bundling, you get multiple services from the same provider. For instance, the services could include home, car, or life insurance from the same organization.
Note: Before selecting the company, don’t forget to ask whether the company is providing these types of discounts.
What Are The Different Types Of Oxford’s MS Auto Insurance Coverage?
Earlier, while discussing cheap car insurance in Oxford, MS, we mentioned complete and minimum coverage plans. But it’s like a giant sea that comes with different other categories and types. So, it’s vital to know if you are struggling to find cheap auto insurance Oxford MS.
Underinsured motorist insurance:
Underinsured motorist insurance is a bit technical but not hard to understand. In this type, your plan covers the cost if you get into an accident where the faulty driver doesn’t have liability insurance. Apart from this, an Underinsured motorist covers the price if the driver at fault has too low or limited liability. In this case, the driver can’t cover damage, so your insurance company comes to the rescue. It works as an extra layer and protects if the next person can’t even cover medical expenses.
Original parts replacement:
Generally, the original part replacement is the best idea for people who have luxurious cars. For instance, if you have BMW or Audi and get into an accident. So, if any original part gets damaged, the insurance provider is liable to replace that in this condition. But here is the requirement that an insurer can’t get the parts from a third party. It means the new parts should be from the original car’s manufacturer. If the company doesn’t produce those parts, it’s the insurer’s responsibility to arrange reconditioned parts.
Collision insurance helps if the car gets totaled in a crash. So, if the vehicle gets damaged or destroyed in an accident, then the insurance company provides compensation for the damage. Here are the following fields that are covered by collision insurance:
- If the car gets damaged or totaled by another vehicle.
- A crash happens with an object like a tree or fence etc.
- If an accident happens due to rolling or fall over.
But collision insurance doesn’t cover the cost if damage happens other than driving fault like hail or theft. Apart from this, this type of insurance doesn’t cover medical bills or other non-related expenses.
Towing and labor insurance:
Towing insurance is an optional coverage that depends if you want to have it or not. However, it is a perfect plan that helps to avoid extra costs and hassles associated with roadside incidents. For instance, if you are on the highway and face roadside incidents like dead batteries, flat tires, or lockout. So, in this situation, if you got towing and labor insurance, then the company will bear this cost. But if the company doesn’t provide services at that time, you must pay the amount from your pocket at that time. Later, the insurance company will reimburse the whole amount that you paid for towing or repairing the vehicle.
If you hunt for cheap car insurance in Oxford, MS, gap insurance is also a good option. It’s also an optional type that helps pay off the loan if the car gets totaled or gets damaged. Apart from this, if the vehicle gets stolen, the company will be responsible for the depreciated value. For instance, if the car’s value is $4,000 and its depreciated value is up to $2500 after the accident. However, in this case, the insurance company will pay the difference between the car’s current value and depreciated value. The gap insurance is beneficial in the first couple of years of ownership. The new vehicle depreciates at a fast pace, so it is helpful to get this optional plan.
Rental reimbursement insurance:
It is another fantastic insurance type that you can quickly get while living in Oxford, MS. In this type, many best car insurance companies in Oxford, MS, offer rental reimbursement plans. Suppose if your car gets stolen or damaged, then the company will pay the rent until you buy the next vehicle. The rental amount pays the amount for local transportation, or you want to rent out a car. But if the car is in the garage for repair or routine maintenance, your insurer will not cover rental expenses. It’s only applicable if you can’t drive a car after an accident.
Cheap Auto Insurance Oxford MS Liability Coverage
Generally, liability coverage is a legal requirement in most states of the USA. You can’t drive a car without having liability coverage. The main aim of the liability coverage is to help in damages like injuries and property losses. The liability coverage covers the legally required expenses if you are the reason behind the loss of the next person. Moreover, it is vital to mention here there are two types of liability coverage:
It means you are covered if anything happens, like bodily injury or property damage. So, in this case, the insurer will pay the damage cost.
Uninsured motorist insurance:
Uninsured motorist, as the name, shows that this type of vehicle is without a motorist insurance plan. Thus, the program covers you if you get into an accident where the accused driver doesn’t have any insurance plan. So, if the insured driver is hurt or faces bodily or property damage, then uninsured motorist insurance will cover the cost. But there is a limitation the plan will only cover up to the amount you are paying in the policy.
Medical payment coverage:
Medical payment is the best, and cheap car insurance Oxford MS covers medical bills and funeral costs after an accident. However, it’s an optional plan that you can get to protect the policyholder, its family, and any passengers on board. The insurer will provide the amount in the medical expenses account no matter if it’s your fault or not.
Major parts replacement coverage:
Major part replacement is suitable for people who own luxurious and expensive cars. This type of insurance company determines the value of damaged parts. However, you can fix the damaged parts of the vehicle, and the insurer even pays the repairing bill. But here is a slight problem that primary part replacement doesn’t cover everything. There are the following types of parts that the company covers in this plan:
- OEM (Original equipment manufacturer) parts
- Aftermarket parts
- Used parts
So, it means you are covered to replace significant parts like tires, brakes, batteries, etc. So, if these things get apart during an accident, then you are safe with this plan.
Roadside assistance coverage:
The roadside assistance is a bit like the towing and labor coverage insurance. The central concept of roadside assistance means when a professional technician comes to your rescue if the car breaks down or anything else happens. In this plan, you sign-up to cover the damages that are associated with the roadside incidents. For instance, the insurance company will cover all these expenses if you require services like towing, jumpstart, flat tire, or lockout.
If your vehicle damage other than collision, then it comes under comprehensive insurance. So, there are plenty of the best cheap car insurance companies Oxford MS, that help you replace the car. However, in comprehensive insurance, you are protected if the vehicle gets stolen or damage on the road. In simple words, these types of plans provide an extra layer for protection. Apart from this, comprehensive insurance pays the amount if the damage happens due to weather conditions, animals, or specific events.
Classic car insurance:
It is another excellent and unique type of cheap car insurance Oxford MS designed to meet individual needs. But the classic car insurance is confined to classic or vintage cars. The definition of the classic car varies, but generally, the car is between 15-25 years terms as a classic or vintage car. However, here are the following areas that are covered by classic car insurance:
But remember that the premium of classic car insurance is higher than regular vehicle insurance. Sometimes, the company needs to replace the parts, wheels, and engine components. Thus, it is vital to do the homework and compare the rates to lock the best deal.
New car replacement insurance:
New car replacement is an extension of the collision and liability insurance. But again, it is optional if you want to include it in the package or not. In this type of cheap auto insurance Oxford MS, the company is responsible for replacing the vehicle if it gets damaged or totaled. The insurance company gives the money according to the model and making of the previous car. But in this package, the deductible cost is of utmost importance. A deductible is what you pay to the insurance company while buying the plan.
So, if the vehicle’s value is $40,000 and before getting damaged it depreciated up to $36,000, the company will pay you the replacement value of the new car. But in this amount, the deductible you were paying will not include. For instance, the deductible is $500; the company will pay you $39,500 instead of $40,000. But keep in mind not to use the combination of gap and new car replacement insurance.
Personal injury protection insurance:
Personal injury protection insurance (PIP) covers all health-related expenses. For instance, if you have injuries while driving, it’s insurance companies’ responsibility to pay medical bills. But the company covers health-related and other related expenses up to 80%. However, in another term, we may call it no-fault insurance. Here are the following areas that the PIP covers:
- Medical bills
- Funeral cost
- Lost wages
- Bodily injury expenses
- And all other related expenses.
It is notable that the insurance company covers these costs whether the accident happened due to your fault or not. But the requirement for PIP varies as per the state laws where you are living.
Great Ways To Reduce Rates In Oxford MS Car Insurance Cheap auto Insurance Oxford MS
After knowing everything about cheap car insurance in Oxford, MS, the next step is to find the best ways. The best deal is the one that comes with enough ways to save money. So, whichever plan you choose, there are specific tips that help save extra money. Thus, let’s start with the first one:
Increase the deductibles:
Earlier, we talked about the importance of deductibles in new car replacement insurance. The deductible is the amount that you pay before buying the insurance plan. Typically, the deductible ranges between $250-$1,000. But in the start, if you decide to pay a low deductible, you will pay a higher amount as a premium and vice versa. Later, the amount you pay as deductibles over the year helps you in case of theft, accident, or car damage. So, it is recommended to pay a higher amount to save hundreds of dollars in insurance premiums. But if you are considering thinking about it, ask your provider which condition suits you the most.
Try to reduce annual mileage:
The insurance premium directly relates to the fact that how much time you are spending on roads. For instance, if your profession demands you to stay on the road most of the time, the premium will be higher. In simple words, if you are on the road for long, then there are more chances to get into an accident or crash. So, to lower the premium, it is vital to reduce the time behind car steering.
Go with the vehicle that is cheaper to insure:
The car’s model, condition, and type play a vital role in finding cheap car insurance Oxford MS. For instance, if you own the latest model, there will be a high premium and vice versa. If you have a luxurious car, the company will have to pay more due to thefts or accidents. Apart from this, the rate will be more in the case of vintage or limited-edition vehicles. So, if you don’t want to pay more as a premium, buy a cheaper car to insure.
Don’t hesitate to ask for discounts:
The best auto insurance companies Oxford MS, provide plenty of discounts on premiums. So, you only need to ask about the concession in price. However, due to this, it is vital to do the homework before finalizing the deal. Here are the following types of discounts that you can enjoy:
- You are eligible for the discount if any of your family members are already using the same provider. For instance, if any of your blood relations or spouse uses the same service, you can ask for a discount.
- Apart from this, if your multiple cars are insured with the same insurance provider, you can get a discount.
- Discount for the clean driving record and history.
- If you are using the same insurance service for multiple other policies like home or life insurance etc.
- Moreover, there could be a concession in price if you pay a premium all at once (Annually or bi-annually)
- Suppose you have a vehicle that comes with built-in features that ensure safety. For instance, the safety features save the car from theft or other damages.
Apart from this, if you are associated with any professional organization or affiliate groups of insurance companies, you are also eligible for discounts. But don’t forget to compare the rates to find affordable car insurance quotes in Oxford, MS.
Maintain a good driving record:
A good driving record is critical if you want to enjoy great discounts on insurance premiums. If you are an adult and have a good driving record, then there are chances you will get reasonable and discounted packages. Apart from this, if you are a senior citizen, you can get training in secure driving. Furthermore, here are the following other areas that you can improve for better ratings.
- Avoid speeding ticket
- Follow traffic laws
- Limit the vehicle’s mileage
- Avoid accidents
- Protect yourself from injury
- Enroll in driving courses
- Back your record with physical fitness reports
- Save your car from crashing
If you are involved in any of the above activities, the insurance company will consider you a significant liability. So, if you are greater liability, you will have to pay more as an insurance premium.
Switch between cheap insurance provides:
If you are using insurance services, then it doesn’t mean you can’t switch between services. For instance, if you get into an accident, then your company will increase the premium ratio. So, if you face anything like this, it is better to switch to the insurance provider. Apart from this, if the renewal date is near, visit the best car insurance companies Oxford MS, to find the best deals. So, before finalizing the plan, see different companies and try to find the best deal.
Choose less car insurance coverage:
Finally, if you are availing less coverage, then it is undoubtedly cheap car insurance Oxford MS. But it is a bit tricky, and every other driver can’t use this option, so be cautious. For instance, if you get into any road trouble and your plan isn’t covering much, you could be in a challenging situation. As a result, you must pay all the expenses out of your pocket. Thus, with this scenario, you can go with a combination of liability and uninsured motorist insurance. So, by using this tip, you can save a lot every year and at the end of each plan.
Frequently Asked Questions (FAQ):
After reading all the above information, there could be many potential questions popping up in the minds. So, here are the answers to few frequent questions.
Does auto insurance cover medical bills?
The answer to this question is YES. If you get into an accident or bodily injury while driving, the insurance coverage begins with medical bills. The company covers the medical bills of drivers or passengers whether it’s your fault or not. Usually, the company pays up to 80% of the expenses. So, it’s recommended to buy a plan with a high medical coverage limit.
What is the concept of GAP INSURANCE?
The complete form of the gap insurance is guaranteed auto asset protection. However, the concept is to cover the difference between the current and actual value of the vehicle. In this plan, the company pays the price if the car gets stolen, totaled, or damaged during an accident, and you can’t repair it. Here is a little example that will explain the concept in detail:
“Price insurance company will pay = Current value of the vehicle – Actual value”
$10,000 = $30,000 – $40,000
It’s always recommended to get the GAP INSURANCE. You can avail this option from the automobile or insurance company. But if you choose to use an insurance company then comparatively most suitable choice.
Does Oxford MS car insurance cover auto theft?
The shortest answer to this question is NO because auto theft coverage doesn’t come in the basic plan. But fortunately, the theft cases have declined in Oxford, MS. According to the stats, Oxford MS registered only 15 auto theft cases in the previous year. Still, if you want extra protection, then you can go with the comprehensive insurance plan. The comprehensive insurance covers the losses that are other than collision or accident. For instance, if the failure happens due to extreme weather, theft, or other natural hazards, you are covered by a comprehensive plan. But don’t forget to ask for prices from various providers. In this way, you will be aware of the possible price before adding it to the list.
What is average car insurance in Oxford, Mississippi?
The rate could vary according to the company from which you are getting services. Apart from this, the price also depends on the customizations you are making in the current plan. However, irrespective of customizations and the company, the average cost is around $1,880. But you can bring it down by asking for discounts, improving your driving record, or adopting safety measures.
What is the minimum coverage requirement in Oxford, MS?
We discussed earlier that the insurance laws and coverage plans vary according to the state in which you live. So, in Oxford MS, here is the following ratio for minimum coverage requirement:
- At least $25,000/person coverage for injuries.
- $50,000 coverage in case of an accident.
- And $25,000 coverage in case of property damages.
Note: All of these are average prices. So, before finalizing anything, don’t forget to compare prices by visiting the best auto insurance companies in Oxford, MS.
What is typical insurance for two vehicles in Oxford, MS?
If you register two vehicles with one insurance provider, then you are indeed eligible for discounts. But the average rate in Oxford, MS, is around $2,611. However, it may vary if you opt for liability or full coverage insurance.
How much car insurance coverage do you need?
Many factors help to decide which car insurance is best suited for your vehicle. But here are some main factors that you shouldn’t overlook while choosing:
- Whether the car is on lease or not.
- Know-how about state laws.
- The value of the car that you are going to insure.
In Oxford, MS, it is mandatory by law to have liability insurance. Moreover, don’t get the plan in which you have to pay more than the value of your vehicle.
Can you drive a car without buying insurance in Oxford, MS?
It purely depends on the state and federal laws. For instance, in almost all states, liability coverage is essential to cover your fault behind the damage. But in states like MS, New Hampshire, and Virginia, you can also get the facility of cash bonds instead of car insurance.
Why do you need commercial auto insurance?
Commercial and personal auto insurance plans are two different things, and you need to understand the difference. It is required by law that an individual plan will not cover the damages during business use. For instance, in commercial use, you stay behind the steering for long hours. In this case, you are exposing yourself and your vehicle in front of risk. So, if you are planning to use a personal vehicle more than three times for business use, then get commercial auto insurance.
On the other hand, the insurance plan doesn’t cover the repairing cost due to the usual depreciation and wear & tear. For instance, if you need repair due to weather conditions, the company will not cover the damage. So, if you are at fault, then, in this case, only collision coverage will help you.