What is the average truck insurance

Semi-truck insurance costs vary because of the number of axles and weight. The larger the truck, the more expensive the cargo. The operating radius changes how much commercial trucking insurance costs.

If a trucking company is traveling out of state, there will be a higher premium to cover any interstate fees. Driving history can affect the cost of truck driver insurance. A driver with a high history of accidents is a higher liability than one without accidents.

If the driver has a very short driving history, they are more liable than veteran drivers. Different histories may potentially drive the cost of the premium up.

Legal factors may also play a role in the semi-truck insurance cost. Any truck driver needs authorization through the DOT to operate a truck. When looking for insurance for truck drivers and how much semi-truck insurance can cost, you need the right plan.

Each plan for your business will affect the commercial truck insurance average cost. The insurance plan you choose for your business will have a number of provisions covered. As trucking continues to be a growing industry , professional truck drivers keep driving more and more. The right insurance for your company will mostly depend on the type of trucks you own and how they are used.

For example, a tractor-trailer has higher minimum liability insurance requirements compared to a truck used for local deliveries only. Here are a few main types of truck driver coverages you can choose from:.

The cost for insurance can depend on a range of factors, other than the owner-operator status too. Here are the factors that can influence your search for cheap truck insurance the most:. Every truck insurance company rates each of these factors differently, offering different truck insurance quotes and packages.

Once you understand what type of insurance you need and what coverages it includes, it helps to compare prices from different policy plans and then make your decision. Average truck insurance costs can vary quite a bit. Since all businesses require it by law, motor carriers cover this liability. However, under your own authority as an owner-operator, you have to make sure you purchase this coverage in your plan.

Bobtail insurance, i. In addition to the above-recommended insurance coverages, here are some other liabilities you may want to consider for your business:. As we mentioned before, trucking insurance companies offer quotes that depend on many different factors.

Be careful, though, because a higher deductible now could lead to you paying even more down the road. Our goal is to make it easy for you to get a free quote, compare, and get the best policy for truck. Your Name required. Your Email required. Share this. Share 0. Tweet 0. Loved this? Spread the word. Pin 0. About the Author. Related posts.