Commercial Truck Insurance

Commercial Truck Insurance |4 Useful Benefit & Top Companies

Commercial Truck Insurance ensures that you get to your footing relatively easily in the event of an accident or damage.Insuring your automobiles and indeed any other possession you have is a truly noble undertaking. It ensures that you guard those items against any dangers or issues that may arise with use.


For this reason, it is befitting for you to gain more insight into the subject. Our discussions here below center on different truck insurance. They endeavor to offer more explanations on this form of insurance and aims to let you know of its significance on the whole.

What Is Commercial Truck Insurance?

what is commercial truck insurance

This is a form of insurance that aims at safeguarding commercial trucks from the common risks that they may potentially confront. Common examples of these are accidents, losses of merchandise, pilferage, and the loss of the entire truck/semi truck on the whole. It is used to reduce the strains that such misfortunes may bring forth.

Understanding Commercial Truck Insurance

Here is how this form of insurance options works : The owner operator of the commercial truck approaches an insurance firm. The firm takes the owner through the prevailing insurance policies and what each portends to the automobile owner. Thereafter, the motor carrier insurance carrier owner selects the plan that is most suitable for his case.

He then agrees to remit some money periodically to the insurance company. The trucking insurance company on the other hand undertakes to refund the firm in the event of any loss or damage that is sustained within a stipulated duration of time. Of course, several other terms and conditions apply in the event of executing this end.

Benefits of Commercial Trucking Insurance

Here below are some of the benefits of commercial trucking insurance:

Safeguard against losses

The main benefit of commercial insurance is to safeguard against losses. These losses could emanate from such factors and causes as fire outbreaks, accidents, confusion, and damages. It does this mainly by guaranteeing the owner of the trucks appropriate workers compensation when the losses arise.

Aids in getting back to financial footing

After the losses have come up, there is usually the need to get back to the firm financial footing that once existed before the loss arose in the first place. Yet again the form of insurance aids the truck owners to get to the financial footing that once existed before the accident or the loss occurred.

Brings forth some added peace of mind

Some peace of mind is definitely needed if the dream of operating seamlessly is to be realized. Insuring the trucks not only anticipate the losses that may arise but also puts in place structures that are designed to lessen their impacts if and when they eventually come up.

Creates and nurtures trust with the clientele

Your clientele needs to be assured that no matter what, they shall recoup their merchandise and operate at a profit by engaging with you. Providing proof of insurance of your trucks against some of the commonly anticipated damages is one sure way of creating and nurturing this level of trust.

Requirements for Trucking Business Owner Operators and Contractors

The business owners and contractors ought, as a matter of necessity, to enroll in the following forms of trucking business insurance policies:

Equipment breakdown insurance

As a business owner, you need to safeguard your premises and the vehicles you have against the risks of equipment breakdown. That is to guarantee your profitability regardless of the kinds of menace that may imperil your equipment and merchandise while in transit.

Commercial auto insurance

Other than the commercial truck insurance policy, each firm should also make appropriate arrangements to ensure the ordinary commercial vehicles. This way, they shall be spared of the common dangers and losses that arise whenever an accident or adverse damage occurs.

Professional Primary liability Coverage

Other than the automobiles insurance coverage, the professionals that man the premises or handle the organizational activities may also exercise some measure of negligence. As such, they too have to be well taken good care of. That is only achievable if the activities of the said professionals are also insured.

Product Primary liability insurance

Those businesses that produce and sell products also ought to have their activities cared for. The product trucking liability insurance endeavors to achieve this end. It safeguards all the products as well as the activities that center on their handling from adverse losses or damages.

Business interruption insurance

Business activities too may suffer some interruptions. They also have to be safeguarded to ensure that they keep operating smoothly. The business interruption insurance endeavors to achieve this very end. It ensures the smooth flow of the business activities from scratch to finish.

Commercial Truck insurance policy

As the name suggests, the truck insurance policy endeavors to safeguard the trucks from the common losses and damages that may arise from time to time. Its cover guards against the damages by third parties, accidents, and the inactions by the truck driver or members of the crew.

Commercial Truck Insurance Requirements

For you to obtain the commercial truck insurance, you have to satisfy the following requirements:

Commercial driving license

Of course, you will first and foremost have to furnish your commercial driving license. This is required more so when you intend to haul over 26,000 pounds of load. It forms the basis upon which the length and the severity of the insurance are gauged.

Specifications of the vehicle

You now have to supply the detailed specifications of your vehicle. These include but not limited to the vehicle identification number, make, model, tare weight, and the year of manufacture of the vehicle, to name but a few! They determine to a large extent the commercial truck insurance cost of the premiums.

Active authority

Lastly, you need to supply an active authority. This simply refers to the certification that is supplied by a relevant state authority or government. They include among others the department of transportation and the transportation safety authority.

Types of Trucks Covered in Commercial Vehicle Insurance

The following kinds of trucks may be covered by the prevailing insurance policies and firms:

  • Semi-trailer truck
  • Extra-duty truck
  • 18-wheeler truck
  • Tanker truck
  • Heavy truck
  • Flatbed truck
  • Garbage truck
  • Dump truck
  • Tail-lift trucks
  • Jumbo trailer trucks
  • Flatbed trucks
  • Straight trucks
  • Refrigerated trucks

Truck Insurance Cost

The exact truck insurance cost depends on the kind of insurance enrolled in, the scope or the extent of the insurance, and the risks against which the truck is insured. When all factors are taken into consideration expect to part with $640 – $982.

What Determines Your Vehicle Insurance Rate?

The following factors determine the rate of the insurance premiums remitted:

Likelihood of risk or damage

Before signing an insurance contract, the firm concerned will assess the likelihood that the risk that is insured against is likely to occur. A higher likelihood translates to a higher cost and vice versa.

Engine capacity

There is a direct correlation between the size or the capacity of the engine and the severity of the anticipated risks. Higher engine capacities tend to suffer greater risks compared to the lower engine capacities. They subsequently tend to attract more in terms of the insurance price.

Past safety records

A truck that has been involved in some accidents or liabilities before is most likely to suffer the same in the future. Also, there is a strong possibility that the equipment may suffer the same feat again in the future. That is why such trucks tend to cost a lot more to insure.

Frequency of use

How often you utilize the trucks also has a say on the price of the insurance premium payable. A truck that is to be used more frequently will definitely cost a lot more to insure compared to the one that is to be used infrequently.

Value of the truck

Lastly, the valuation of the truck also has a role to play insofar as the cost of the insurance is concerned. Needless to say, a truck that costs less to come by also costs less to insure. Likewise, one that costs more to acquire equally costs more to insure.

Non Trucking Liability & Bobtail Insurance

Non-trucking liability is a kind of insurance coverage that comes in when the truck is used for any other purpose than the business for which it was acquired and/or registered. It secures third-party drivers bodily injury and property damages when the truck leased operators is off duty.

Bobtail Insurance on the other hand is somewhat similar to the non-trucking general liability as it also applies to a situation in which the vehicle is not on active duty. Nonetheless, it narrows to the circumstance when the tractor is not attached to the trailer only.

How to get a commercial vehicle insurance quote for your trucking industry business

To obtain a commercial vehicle insurance quote for your business, follow the steps below

  • Find and approach a reputable insurance company
  • Specify to them the specifications of your truck
  • Choose a payment schedule of your liking
  • Receive the quote from the said firm

Commercial truck insurance brokers

Also called insurance agent, these are entities that act as middlemen in between the insurance firms and the potential clients. They provide advisory opinions to the clients, aid them in settling for the most suitable firm and insurance plan and also facilitate the payment of the premiums within the stipulated periods.

Is commercial auto insurance cheaper than personal insurance?

NO! The opposite in fact is true. Personal insurance is cheaper. It costs roughly $456 – $1,152 whereas commercial auto insurance costs an average of $3,000 – $5,000 per annum.

Commercial Truck Insurance in Chicago, IL

#1 Urban Insurance Agency

Address: 800 W Huron St Suite 301, Chicago, IL 60642, United States

Phone: +1 312-664-8088

#2 Gnade Insurance Group Inc

Address: 219 N White St, Frankfort, IL 60423, United States

Phone: +1 815-464-8800

#3 Integrity Insurance and Financial Services – Blue Cross Blue Shield

Address: 18330 Distinctive Dr, Orland Park, IL 60467, United States

Phone: +1 866-451-1979

#4 Handzel & Associates Ltd

Address: 5361 N Harlem Ave, Chicago, IL 60656, United States

Phone: +1 773-725-6767

#5 Illinois Bobtail Insurance

Address: 433 W Harrison St, Chicago, IL 60699, United States

Phone: +1 877-626-6312

Commercial Truck Insurance in Wisconsin

#1 Commercial Truck Insurance Services Inc.

Address: 220 Wisconsin Dells Pkwy S, Wisconsin Dells, WI 53965, United States

Phone: +1 608-478-0102

#2 Sentry Insurance Company

Address: N9495 Adams Rd, East Troy, WI 53120, United States

Phone: +1 262-495-3199

#3 Sparks Insurance, a Vizance Company

Address: 6303 75th St, Kenosha, WI 53142, United States


Phone: +1 262-697-9600

#4 Bronson Insurance Services

Address: 2345 W Ryan Rd Suite H, Oak Creek, WI 53154, United States

Phone: +1 414-885-5000

#5 Midwest Insurance Group

Address: 2574 Sun Valley Dr #205, Delafield, WI 53018, United States

Phone: +1 262-646-5777

Commercial Truck Insurance California

#1 Ace Commercial Trucking Insurance

Address: 14819 Slover Ave, Fontana, CA 92337, United States

Phone: +1 888-300-7888

#2 SoCal Truck Insurance

Address: 8135 Florence Ave #101, Downey, CA 90240, United States

Phone: +1 888-965-3002

#3 Truck Insurance

Address: 1540 River Park Dr # 212, Sacramento, CA 95815, United States

Phone: +1 916-836-1044

#4 Commercial Private Carrier Insurance Agency

Address: 4 Centerpointe Dr #300, La Palma, CA 90623, United States

Phone: +1 800-229-8782

#5 Berrier Insurance – Commercial Truck Specialists

Address: 11768 Atwood Rd #11, Auburn, CA 95603, United States

Phone: +1 800-750-1812

Commercial truck insurance Georgia

#1 Colonial Insurance Services

Address: 3845 Holcomb Bridge Rd #300, Norcross, GA 30092, United States

Phone: +1 678-733-3370

#2 BHHC Truck Insurance

Address: 1202 Abbey Ct, Alpharetta, GA 30004, United States

Phone: +1 855-487-2663

#3 United Truckers Services Inc.

Address: 1385 Iris Dr SE, Conyers, GA 30013, United States

Phone: +1 770-922-6200

#4 Cooper Insurance & Associates Inc.

Address: 300 Racetrack Rd, McDonough, GA 30252, United States

Phone: +1 770-389-0089

#5 Benton & Parker

Address: 703 Medical Park Ln, Gainesville, GA 30501, United States

Phone: +1 800-849-6600

Commercial truck insurance New Jersey

#1 PA Truck Insurance

Address: 590 Sun Haven Dr #1, Clayton, NJ 08312, United States

Phone: +1 888-287-3449

#2 Direct Truck Insurance

Address: 616 W St Georges Ave, Linden, NJ 07036, United States

Phone: +1 908-587-1120

#3 Cover Me Insurance Agency, Inc.

Address: 610 W St Georges Ave, Linden, NJ 07036, United States

Phone: +1 908-587-2619

#4 Truckers Insurance Group

Address: 612 W St Georges Ave, Linden, NJ 07036, United States

Phone: +1 888-869-9540

#5 Commercial Auto Insurance NJ

Address: 491 Bloomfield Avenue, Suite 201 | Montclair NJ 07042

Phone: 973.237.1000

Commercial truck insurance New York

#1 K&N Insurance Brokerage Incorporated

Address: 182-03 Jamaica Ave, Queens, NY 11423, United States

Phone: +1 718-739-9090

#2 Universal Insurance Brokerage Corp

Address: 129-03 Liberty Ave, South Richmond Hill, NY 11419, United States

Phone: +1 718-701-6540

#3 Flood Insurance NYC

Address: 590 Madison Ave Suite 3221A, New York, NY 10022, United States

Phone: +1 646-980-6320

#5 Term Life & Permanent Insurance Brooklyn

Address: 217 Havemeyer St suite 1051A, Brooklyn, NY 11211, United States

Phone: +1 646-980-6312

#5 Commercial Truck Insurance

Address: 17902 Union Tpke Suite 201, Flushing, NY 11366, United States

Phone: +1 917-628-2358

Frequently Asked Questions (FAQ’s)

We now answer some of the questions that are commonly asked with regards to this subject matter:

What is covered by commercial auto insurance?

– Cargo insurance covers collisions, injuries, damages, accidents, and the pilferage of the goods while in transit. The exact motor truck cargo coverage depends on the precise needs of the automobile owner per time.

What type of vehicles are covered by commercial auto insurance?

– These are trucks, trailers, pickups, and trucking company cars, to name but a few!

Who needs commercial auto insurance?

– You may need commercial auto insurance if you :

  • Carry out insurance customer service with your vehicles
  • Require higher limits of liability owing to the nature of your work
  • Carry considerably huge weights of cargo
  • Tow truck a trailer to conduct business in your vehicles
  • In case your vehicle’s weigh is 10,000 pounds or carrying capacity of 2,000 pounds
  • Take care of work-related modifications such as ladder rack

What is meant to FMCSA

– Read details Here.

Wrap Up

Alright! We release you now to implement the commercial truck insurance of your choice using the information we have generously provided above. Take the time to read through the information we have given forth above to make the informed decision you need. All the best in your implementation!


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