Last updated: November 25th, 2022
Reviewed by
Rebecca Thrift
Licensed Insurance Agent
The policies are designed to cover everything and everyone involved in trucking operations.
Table of Contents
Commercial trucking insurance can range anywhere from around $9,000 to $30,000 per vehicle per year for owner-operators of semi-trucks. This depends on a variety of factors, but a key one is the types of coverage needed for a specific business, vehicle, and driver.
The primary types of commercial truck insurance include commercial truck liability, physical damage coverage, and uninsured motorists coverage. Some insurance plans may or may not cover your trailer. Non-trucking liability (NTL) insurance covers truck drivers when using their trucks for personal (nonbusiness) reasons.
Here are some examples of pricing ranges for the most common types of commercial trucking coverage:
Many factors contribute to the exact costs of a commercial trucking policy and range from the specific vehicle type to what’s required by federal law.
More specifically, costs can depend on:
Yes. For instance, freight drivers carrying customer cargo need commercial auto liability and cargo insurance to cover potential loss or damage to another’s property.
Additionally, some types of trucks are not necessarily covered by typical public liability insurance and therefore require a more specific type of liability policy.
Generally, the types of trucks commercial insurance covers include semi tractor-trailers, 18-wheelers, box trucks, car hauler trailers, dry vans, dump trucks, flatbed trucks, intermodal, pickup trucks, tank trucks, tow trucks, and tractors.
However, truck types from various industries that may need more specific policies include:
Yes. Truck insurance can be combined with other types of business insurance that include:
For any commercial truck driver, a primary goal in choosing coverage should be to obtain affordable coverage for every area of your business, taking coverage costs into consideration alongside the value of your vehicles and equipment. With so many factors at play such as the size of your business and number of vehicles to insure, regulations, driver histories, and even your industry niche, we know obtaining the right amount of coverage can feel like a daunting task. A licensed agent can help guide you through the process of shopping for and purchasing policies to ensure your policy includes all the coverage you need.
Brian is the founder and CEO of Insurist and carries Life, Health, and Property & Casualty licenses in all 50 U.S. states. Since 2013, Brian has been a member of Million Dollar Round Table, a designation for the top 1% of financial advisors worldwide. Brian has been featured in Yahoo! Finance, Money.com, Entrepreneur.com, Life Happens, Forbes, MSN, and Good Financial Cents. Brian’s goal is to show customers the best products, the quickest answers to their questions, and provide expert advice.
I've worked for Safeco and Liberty Mutual as a sales agent and claims adjuster for the last five years. My claims experience is primarily auto insurance, but I am licensed to sell auto and property insurance (homeowners, condo, renters, long-term renter, etc) currently.
