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When you use your trucks for business, commercial truck insurance is a non-negotiable part of the process. The rules vary from state to state, but in general, any truck used to transport goods or people, transport equipment, or perform any transaction requires insurance coverage. Since high-value goods are being transported, the right insurance policy will protect the business, the vehicle, the goods being transported and the driver, not to mention the cost of the truck.
This article compares the five best commercial truck insurance for new drivers, discusses what each covers and their price ranges. But before we get into that, let’s talk about the requirements.
Commercial Insurance Companies For Trucking
Before starting any commercial trucking business, owners or operators must prove that their vehicles have sufficient coverage to cover both the load and the value of the truck.
Commercial Truck Insurance Providers For New Drivers: Compare Quotes
Drivers should also be protected from civil liability claims if an accident is caused by their fault. Insurance providers usually have an unofficial rule that new drivers must have at least two years of commercial driving experience before being approved. Most providers make this a strict rule, but there are companies that offer insurance policies to new drivers regardless of their driving history.
Examples of commercial truck insurance for new drivers include liability insurance and personal injury coverage, which take care of the driver in the event of damage to the truck and other drivers. Specific requirements vary for each provider and type of insurance purchased, so it’s a good idea to compare your options before signing anything.
We’ve rounded up five of the country’s best commercial truck insurance providers to help you decide whether or not they work for you.
InsurA offers customized truck insurance coverage for any commercial trucking situation, including general policies required for all commercial operations, such as liability coverage, comprehensive accident coverage and third party liability. When it comes to policies designed for large equipment, InsurA also offers truck coverage, such as truck general liability coverage, motor truck load coverage, and non-truck liability coverage.
Owner Operator Direct
Old and new owner-operator insurance costs vary, but final prices are affected by factors such as vehicle type, coverage requirements, USDOT authority, operating radius, driving history and inventory. Discuss your needs with a qualified insurance agent to determine what will work best for your type of trucking business. For example, if you use refrigerated trucks, you will need liability coverage on top of regular coverage for your perishables.
State Farm is one of the nation’s largest insurers, offering a wide range of home, life and consumer policies – including commercial trucking. Trucking policies include the same protections as an auto insurance policy, including liability, collision, bodily injury and comprehensive coverage. However, while they have insurance that can cover drivers’ medical bills in the event of an accident, they don’t provide coverage for your cargo.
Progressive Company has been in the insurance business for over 40 years and specializes in providing vehicle coverage to individuals, owner-operators and commercial fleet carriers. It offers a wide range of policies including general liability, rental compensation, freight, non-trucking liability and trailer exchange. If that’s not enough, you can customize your policy to suit your needs from a robust list of commercial trucking products. Assists in the development of state and federal filings.
One of the oldest insurance companies in the nation and has a long list of policies that include commercial truck insurance, medical bills, collision coverage and uninsured/underinsured motorist coverage. It also covers cargo liability. Nationwide insures trucks, vans, utility and agricultural trucks. However, tractor trailers and semi-trucks are not covered. It offers special rates to new drivers and companies and to those who enhance their own vehicles with anti-theft devices. As with most insurance providers, nationwide commercial trucking policies are priced individually.
Commercial Trucking Insurance In Kansas
Hartford began as a fire insurance company in the 1800s, but expanded to include a broad list of home, commercial and auto insurance products. A Fortune 500 company that offers very attractive commercial truck insurance, including CDL insurance, even for new and high-risk drivers. Beneficial coverages for commercial truck owners and operators include motor truck cargo, property in transit, trailer transportation, and livestock transportation. One notable feature Hartford has is its FleetAhead program, which installs special devices in vehicles that report data on driver performance and safety in real time. Prices are adjusted.
Not everything around commercial trucking operations is covered by insurance. Each provider has a list of exclusions, so ask before signing up. Many of these exclusions are similar to the list for business automation policies, including:
Commercial trucking is a high-risk, high-investment business. InsurA has a comprehensive range of products that keep your assets, people and cargo very important. When you contact our team, we will assign you a specialist agent to understand your needs in depth and provide you with the best policy for your investment. Whether you’re hauling products from Napa Valley to Nashville or hauling cars from Detroit to Dallas, your trucking business has a lot riding on it. You need a reliable partner to provide long-term security for you, your livelihood and your family. Well, look no further.
Our knowledge of small fleet and owner operator trucking is second to none, and we are committed to mileage excellence.
Commercial Truckers Insurance — Lancer Insurance
To become one of our valued customers, contact our long-haul trucking department today. Or, give us some information and we’ll get back to you!
If you are a long haul trucking professional and are interested in becoming one of our producers with a current long haul trucking book of business, contact us today.
Lancer cannot protect you like other commercial truck insurance companies. This is because we include enhancements and coverages not found in many industry standard policies. We call it the Lancer Advantage and it’s our way of getting more mileage for your premium dollar.
Even the best – and most well-trained – drivers suffer from accidents. Personal injury and property damage can compensate those injured in an accident involving an insured vehicle or pay for damage to another vehicle.
Commercial Trucking Insurance
We can meet the needs of your trucking business with bodily injury and property damage coverage with a combined single limit (CSL) of up to $2 million.
As a freelance truck driver, your most valuable asset is your truck…and in the event of an accident, getting you back on the road is critical.
Cargo protection provides liability protection for the cargo or goods you carry in the event of damage or loss. Our stock policy includes value-added features, giving you a higher level of protection than many industry standard policies.
Public liability insurance covers other key elements of your trucking business, including facilities, office space, parking lots, outdoor storage areas and vacant lots. We offer a wide range of coverage and coverage options and can help you decide which is best for your operation.
Best Commercial Truck Insurance Companies
From day one, our philosophy has always been to not only meet but also exceed customer expectations. Nowhere is this more evident than in the policyholder benefits we offer to protect you, your rig and your livelihood.
In the event of a claim, the best trucking claims experts in the business are just a phone call away via our 24/7/365 toll-free hotline. Our experienced claims adjustment team will handle your loss quickly, efficiently and fairly and get your truck back on the road and back in business… fast!
Also, through our loss recovery program, our claims specialists can help you recover your expenses and idle costs, including your expenses when others are responsible for your loss.
“”Lancer Insurance Company is one of my most important transportation insurance partners. Providing quality assurance and creative solutions to complex problems in today’s transportation industry. I believe Lancer Insurance Group delivers the goods!””Commercial truck insurance is coverage that protects trucking businesses, businesses that use trucks, or independent truck drivers. This guide covers all the information business owners and contractors need to know when purchasing commercial truck insurance. More specifically, this guide will look at how commercial truck insurance works, how much it costs, different coverage options, business requirements, how to get a truck insurance quote, and the best insurance providers.
Interglobal Insurance Company
Before we get into the details, here’s a preview of our top picks. Rather than provide a list of the top 10 commercial truck insurance companies, we’ve put our research into three top providers for you to choose from:
Commercial truck insurance is an important investment for business owners. Before signing up for a policy, it’s important to understand what coverage your business needs
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