Commercial Truck Insurance
When it comes to commercial truck insurance, finding the highest quality coverage at the cheapest price is key. You need an expert with access to dozens of insurance companies who understands trucking. Of course, you can call the insurance agent down the street, but do they speak truck? At Trucking Insurance Services, we insure thousands of truck drivers in more than 40 states.
Our customers have access to top-notch insurance carriers and monthly payment options with no finance fees. You’ll receive a dedicated team to issue certificates of insurance within minutes to ensure your truck wheels are turning. Not only that, you gain business partners to help you see around the corner. Our agents are ready to offer tailored insurance coverage depending on your operation.
Who Needs Commercial Truck Insurance?
To put it simply, if you own a trucking company or transport for a fee, you need commercial truck insurance. Your personal auto insurance won’t cut it. Commercial truck insurance includes filings for state and federal government regulators. In addition, you may need to purchase cargo insurance and general liability insurance which is essential for your business.
We write truck insurance for a wide range of trucks, including:
- Semi Trucks
- Box Trucks
- Straight Trucks
- Dump Trucks
- Tow Trucks and Car Carriers
- Hotshot Trucks/Dually Trucks
- Refrigerated Box Trucks
- Logging Trucks
- Cement Mixer Trucks
- And more!
What Truck Insurance Coverage Do I Need?
Your truck insurance coverage will depend on your truck operation. At a minimum, your commercial truck insurance policy will include auto liability coverage. At Trucking Insurance Services, we simply your coverage options to help you understand what you need.
Truck Insurance Coverage Options:
- Auto Liability Insurance: Commercial Auto Liability is a critical component of your commercial truck insurance policy. This coverage protects your business by covering costs associated with damage to other vehicles and property, medical costs arising from the accident, and legal defense if your company is sued. In fact, every commercial truck insurance policy includes Auto Liability insurance because it’s mandatory for semi trucks. Trucking companies must carry at least $750,000 in Auto Liability coverage to operate interstate in the United States. Most trucking companies carry $1,000,000 in Auto Liability to meet broker requirements.
- Motor Truck Cargo Insurance: Cargo insurance provides coverage for damages to freight by collision and other perils. Motor truck cargo can include coverage for refrigeration breakdown, earned freight, and constructive total loss and diminished value. Cargo includes various limits and deductible options.
- Bobtail Insurance/Non Trucking Liability: You still need protection when your truck is not under load. Bobtail insurance and Non Trucking Liability provide coverage for your truck when it’s not under load or when you’re using it for non-business purposes. Your agent will ask whether you’re under permanent lease to a motor carrier or operating under your own authority.
- Physical Damage Insurance: If your truck is in an accident or collision, you need the right commercial insurance policy protecting your financial interest. Collision insurance and comprehensive insurance cover your truck or trailer when it is involved in a collision or other-than-collision situations such as theft, fire, vandalism, storm damage, flood, and other perils.
- Truckers General Liability Insurance: General liability provides coverage for claims of bodily injury or other physical injury, personal injury (libel or slander), advertising injury and property damage as a result of your products, premises or operations, and can be offered as a package policy with commercial truck insurance policy.
How Much Does Truck Insurance Cost?
Commercial truck insurance cost varies from state to state. In addition, the type of equipment you use, the cargo commodities you haul, your driving record, and other variables determine your insurance rate. The average cost of truck insurance is between $10,000 to $18,000. Certain truck operations such as auto hauling, logging, dump truck for a fee, and intermodal trucking may have higher average insurance cost.
State And Federal Filings For Commercial Truck Insurance
For hire trucking companies require proof of auto liability insurance to operate. Insurance filings are essential for many commercial drivers, including truckers. Our experienced insurance agents will help you navigate filings.
What Are Truck Insurance Filings?
Insurance filings are documentation that prove a trucking company has auto liability insurance and financial responsibility. Insurance filings can also prove motor truck cargo insurance. They are proof you meet at least the required minimum limits.
Who Needs Insurance Filings?
We recommend reading the FMCSA’s guidelines on filings. However, most trucking companies that haul freight for-hire need a filing.
How Do I Get A Filing?
An insurance agent at Trucking Insurance Services will provide a commercial truck insurance quote that includes filings. Most insurance companies complete filings within 48 hours. Sometimes they’re issued before you hang up with your insurance agent!
Federal And State Filings:
Whether you need federal or state insurance filings depends on your trucking business and your state. Transportation companies that operate across state lines for-hire are required to have federal filings under FMCSA regulations. These filings activate your motor carrier number.
Many states require their own filings for for-hire intrastate operations. Don’t worry, our experienced truck insurance agents will simplify this process and guide you on your state’s requirements.
Types Of Filings:
- BMC-91 or BMC-91X
- MCS-90
- Form E
- Form H
- OS-32
- SR22
- Texas Form T
- OK Form WA
Confusing? We get it. However, our agents are knowledgeable in state and federal filings and are ready to help.
Discover the Trucking Insurance Services Advantage
When you purchase a commercial insurance policy with Trucking Insurance Services, you are getting more than an experienced truck insurance agent, you are getting a business partner that will help you see around the corner. We are a family-owned business with decades in trucking. We aren’t in the insurance industry, we are in trucking.
Certificates At The Speed of Light
We know how important it is to send certificates of insurance to your brokers in a timely manner. Our team of dedicated certificate processing agents will have your certificate of insurance out the door within minutes. Need special verbiage or additional coverage? An agent will quickly update your policy and issue your certificate.
We Know Filings
We get it. Filings are complex. And knowing who needs what filing can make your head spin. Don’t worry, our team of truck insurance experts will arrange to have your filings issued. Are you a new venture trying to activate your ICC/MC number? A member of our team will walk you through the process of obtaining a DOT and MC number.
Covering Truckers All Across The United States
Our licensed agents can cover your friends all across the United States. Learn more about Trucking Insurance Services.
Tell Us More About Your Trucking Company
Fill out a quick form to tell us more about your trucking company and your business operations for an insurance agent to reach out with a quote. All quotes are free. Tell us more about your company.