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How much does commercial truck insurance cost?

The commercial truck insurance It has different costs according to each insurance company among other factors, however there is an average from which you can get an idea by comparing the following prices with your truck.

Average insurance prices for commercial trucks in the United States

The average of the commercial truck insurance It is between 3 and 5 thousand dollars a year, but these prices can be updated reaching between 12 and 16 thousand dollars also sal year.

Commercial Truck Insurance Cost Factors

To calculate the cost of the commercial truck insuranceYou must take into account several factors such as the type of truck you have, the distance it travels, the value of the truck, the age of the person who drives it, the experience of the driver and their credit history.

All these factors mean that the rate may be higher or lower and also each insurance company handles the rates in a different way from each other.

The type of truck insurance coverage

The type of coverage of the truck should be chosen according to the type of work you do with the truck and what type of truck you drive.

Keep in mind that carriers require their owner operators to purchase NTL or Bobtail insurance in order to cover primary liability. On the other hand, self-governing truckers bear all primary responsibility and the cost of coverage varies.

How to Lower the Cost of Commercial Truck Insurance

First of all, you should think that insurance companies want to be hired by drivers that will not cost them a lot of money. In this sense, as an incentive, they offer cheaper premiums to operations with clean driving records and vehicles that are safe.

Also, you can save if you pay the insurance annually, because if as a truck driver you pay the cost of the insurance for the whole year as a lump sum, you will realize that the premium will be reduced by more than 10 or 20%

Consider the highest deductibles or the lowest limits, as your deductibles and limits are tied to the premium. For example, higher responsibilities on your part translate into lower premiums.

Compare insurance rates across multiple companies, as the easiest way to get the best price is to compare offers from many different sources.

But you should always keep in mind that the cost of the premium will be affected by many factors including the type of vehicle your company owns and the risks involved.

When it comes to low priced online quotes, they may not accurately reflect the coverage you need to cover liability that has to do with business incidents, for example they may offer you a commercial truck insurance cost between 800 and 2000 Dollars.

Driving record

Insurance companies generally have very specific underwriting requirements and particularly for those who drive heavy trucks. Even drivers with multiple driving violations can cost very high premiums or prevent you from getting the insurance you need.

For this reason, you should hire qualified, claim-free drivers so that you can reduce fees and risks.

The value of the truck and insurance

You can find out the average rates by contacting an agent. Therefore, it is best to evaluate the cost of the insurance before buying the truck and it will make a big difference in the cost of the annual insurance.

The structure of the policy

If you buy policies separately, you will pay more than if you insure your commercial trucks all together in one insurance company, since you can reduce the cost of premiums by bundling them together and get a discount, since insurance companies usually offer discounts based on size of the fleet.

How much does truck insurance cost in Texas

In Texas, the premium costs also have to do with many factors such as the type of truck, the risk of the merchandise and the distance it travels, but the average price of the cost is between $ 800 and $ 2000 a year.

How much does commercial truck insurance cost in Florida

In Florida, keep in mind that credit scores will influence the value of the premium, if you increase the score you can save money on insurance, but the experience you have will also influence the conditions of the truck.

Keep in mind that owner operators under a lease only need one Bobtail, as the most important factor in calculating the cost of insurance is the value of the truck.

If you drive an old truck, the average cost can be between $ 1,500 and $ 2,000 per year.

For authoritative owner operators, truck insurance is not cheap, as the average cost varies depending on whether you have your own authority, as you can pay $ 8,000 a year for your insurance.

Owner operator insurance requirements

Authoritative owner operators

All truckers on their own authority are required to have primary liability insurance with a minimum limit of $ 750,000.

But certain operations, such as hazardous materials haulers, require $ 5 million as liability coverage.

Leased Owner Operators.

If you are in the leased owner-operator sector, known as O // O, under a permanent lease, your trucking company must have primary liability insurance.

You need Bobtail insurance to cover your truck and physical damage. You can buy these coverage in an insurance program or package.


Much of what will affect the price of insurance premiums will be the coverage you choose, because the more coverage, the higher the price.

Although you will be tempted to choose less coverage for your truck, it is necessary that you think about the type of coverage you would like to have in case you need your insurance for theft or accident with the truck.

There are generally two basic types of coverage: collision coverage and comprehensive insurance.

Collision insurance

Collision insurance, if it is your fault the insurance company will not be responsible and you will have to pay for the repair with your own funds.

Comprehensive coverage

Comprehensive coverage is a type of comprehensive coverage, which although it is more expensive, if you are involved in an accident it will cover the costs of repairing your truck and the other vehicle if it is your fault.

Although it is expensive coverage, if you have a new truck or do not have much money saved, it is the best coverage because it ensures that you will be able to work with that commercial truck again, since the insurance company will pay for the repairs up to a specific amount.

How much does truck tractor insurance cost?

Tractor insurance depends mainly on the liability limits you choose, the type of insured truck, the driver’s reports, but in the event that you have a clean driving record, the average cost per truck tractor is among the $ 750 and $ 1,200 per year.