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<\/figure>\n\n\n\nTable of contents<\/h2>- How Does Commercial Truck Insurance Work?<\/a><\/li>
- How Does the Coverage Works?<\/a>
- What To Expect<\/a><\/li><\/ul><\/li>
- What Are The Requirements For Business Owners and Contractors?<\/a>
- Other Requirements<\/a><\/li><\/ul><\/li>
- What Does Commercial Truck Insurance Cover?<\/a>
- Who Is Covered Under a Policy?<\/a><\/li>
- Types of Coverage<\/a><\/li>
- Trailer Interchange<\/a><\/li><\/ul><\/li>
- What Doesn\u2019t Commercial Truck Insurance Cover?<\/a>
- Damages Intentionally Caused<\/a><\/li>
- Property of Others<\/a><\/li>
- Exceeding Policy Limits in Damages<\/a><\/li>
- Certain Types of Cargo<\/a><\/li><\/ul><\/li>
- How Much Does Commercial Truck Insurance Cost?<\/a><\/li>
- What Are Those Factors That Affect the Cost of Commercial Truck Insurance Policies?<\/a>
- Vehicles that are Covered<\/a><\/li>
- Location and Operating Radius<\/a><\/li>
- Vehicle Storage<\/a><\/li>
- Cargo<\/a><\/li>
- Driving History<\/a><\/li>
- Amount of Coverage and Deductible<\/a><\/li><\/ul><\/li>
- How Do You Find Cheap Commercial Truck Insurance?<\/a>
- Multiple Price Quotes<\/a><\/li>
- Discounts<\/a><\/li>
- Higher Deductibles<\/a><\/li>
- Lower Limits of Coverage<\/a><\/li>
- Less Coverage<\/a><\/li><\/ul><\/li>
- What Are Types of Trucks Covered?<\/a>
- Pickup Trucks<\/a><\/li>
- Cement Mixers<\/a><\/li>
- Tow Trucks<\/a><\/li>
- Box Trucks<\/a><\/li>
- Dump Trucks<\/a><\/li>
- Semi-trucks & Tractors<\/a><\/li>
- Other Vehicles<\/a><\/li><\/ul><\/li>
- Review On Some Of The Best Commercial Truck Insurance For 2023<\/a>
- Progressive<\/a><\/li>
- Sentry<\/a><\/li>
- The Hartford<\/a><\/li>
- CoverWallet<\/a><\/li>
- State Farm Insurance<\/a><\/li>
- How Does State Farm Work?<\/a><\/li><\/ul><\/li>
- Conclusion<\/a><\/li>
- References<\/a><\/li>
- We Also Recommend<\/a><\/li><\/ul><\/div>\n\n\n\n
What Is Commercial Truck Insurance?<\/strong><\/h2>\n\n\n\nTrucking companies, companies that use trucks, and individual truck drivers all require commercial truck insurance, which is a collection of auto insurance plans. <\/p>\n\n\n\n
This insurance protects you financially and legally against bodily injury and property damage, as well as provides coverage for specific cargo and trucking equipment.<\/p>\n\n\n\n
Commercial trucking insurance, unlike commercial auto insurance, covers huge vehicles (such as semi-trucks) that are commonly used for construction, transportation of commodities, or agriculture. <\/p>\n\n\n\n
Commercial truck insurance considers the cargo or commodities being transported, as well as the vehicle’s size and kind. Tow trucks, cement mixers, pickup trucks, and tractors are among the commercial trucks for which they provide policies.<\/p>\n\n\n\n
You Should Also Check Out\u00a0How to Get Cheap Car Insurance in 2023<\/a><\/strong><\/p>\n\n\n\nHow Does Commercial Truck Insurance Work?<\/strong><\/span><\/h2>\n\n\n\nThey include commercial truck insurance in the commercial auto insurance category. Truck drivers and firms that use trucks use commercial trucking insurance.
<\/p>\n\n\n\n
They gain truck insurance to protect individual vehicles, and the owner of such trucks is most commonly the one who purchases them. <\/p>\n\n\n\n
The insurance also only applies when the car is being used for business by the people mentioned in the policy. <\/p>\n\n\n\n
The cost of the policy is also determined by the individuals mentioned on the policy, as their driving record is a major factor in setting monthly rates.
<\/p>\n\n\n\n
Businesses and individuals who buy typically fall into one of the following categories:
<\/p>\n\n\n\n
\n- For-hire trucking companies that own a fleet of vehicles are referred to as motor carriers. They are in charge of their fleet’s insurance.
<\/li>\n\n\n\n - They know individuals who own and operate their own trucking company as owner-operators. Individuals are most typically referred to by this expression, and they are the ones who own their automobiles. When an “owner” leases a vehicle from a motor carrier who owns it, the owner normally insures the vehicle.
<\/li>\n\n\n\n - They know they know individuals who use their personal automobiles to transport things on behalf of their employer carriers. People who frequently transport goods for their company in their own vehicle may be asked to purchase their own insurance or may be reimbursed for insurance expenses by their employer.
<\/li>\n\n\n\n - Any of these companies can purchase commercial truck insurance. It is possible to insure a single box truck or an entire fleet of semi-trucks. The owner must cooperate with an insurance firm to establish these elements when buying a policy.<\/li>\n<\/ul>\n\n\n\n
Check Also:\u00a0How to Get Car Insurance without a License in 2023 |<\/a><\/strong><\/p>\n\n\n\nHow Does the Coverage Works?<\/strong><\/h2>\n\n\n\nCoverage \u2014 specifies which damages, occurrences, and costs are covered.<\/p>\n\n\n\n
Monthly Premium – the amount of money the policyholder must pay each month in order to keep the insurance active.<\/p>\n\n\n\n
They know the amount an insured company must pay toward a claim before coverage begins as the deductible.<\/p>\n\n\n\n
Policy Limit – the maximum amount that the insurer must pay for claims made under the policy.<\/p>\n\n\n\n
For the coverage stated in the policy agreement, the policyholder pays a monthly premium. The insurance company will pay for damages, repairs, and medical or legal expenses related to a covered accident under the terms of the contract. <\/p>\n\n\n\n
Typically, an incident is covered only if they list the vehicle on the policy. They list the driver on the policy, and the incident occurs when the company is open for business.<\/p>\n\n\n\n
In the event of an accident, the policyholder must “register a claim” with the insurance company, which normally takes a few days. If the policy covers the incident, the policyholder handles all costs up to and including the deductible. The insurer will cover any expenses not covered by the deductible.<\/p>\n\n\n\n
The way insurance companies manage expenses after an accident varies. Many insurance companies have a network of pre-approved repair shops that policyholders must employ to assess damages and repair their trucks. <\/p>\n\n\n\n
The insurance company would then pay the shop in full and they would bill you for your amount based on your deductible. <\/p>\n\n\n\n
Other insurance companies may urge you to search around for pricing quotes from several auto repair shops, or they may even send a representative to estimate the cost of repair. <\/p>\n\n\n\n
What To Expect<\/strong><\/h3>\n\n\n\nKeep in mind that some insurers may use a reimbursement model, in which the policyholder pays all repair costs up front and the insurance company reimburses the policyholder for expenditures that exceed the deductible.<\/p>\n\n\n\n
The optimum policy for you will be determined by the level of risk associated with an occurrence, the type of policy limit you require, and the cash flow of your company.<\/p>\n\n\n\n
See Review of Allstate vs State Farm: Which Should You Use?<\/a><\/strong><\/p>\n\n\n\nWhat Are The Requirements For Business Owners and Contractors?<\/strong><\/span><\/h2>\n\n\n\nBusinesses that transport commercial trucks between states must comply with federal insurance regulations. Commercial truck drivers must have a minimum amount of insurance coverage with an accident, according to the Federal Motor Carrier Safety Administration (FMCSA). <\/p>\n\n\n\n
The amount of coverage required for a commercial truck driver is determined by the truck’s weight and cargo, according to Title 49, Section 387 of the United States Code of Federal Regulations. The higher the insurance requirements, the bigger the truck and the more dangerous the load.<\/p>\n\n\n\n
The following is a list of the federal minimum liability requirements for trucks, broken down by the different categories of goods being transported:<\/p>\n\n\n\n
\n- Non-hazardous freight (in vehicles under 10,001 lbs.) minimum liability coverage is at $300,00; <\/li>\n\n\n\n
- Non-hazardous freight (in vehicles over 10,001 lbs.) minimum liability coverage is at $750,000;<\/li>\n\n\n\n
- Oil (transported by for-hire and private carriers) minimum liability coverage is at $1,000,000;<\/li>\n\n\n\n
- Hazardous material or explosives (transported by for-hire and private carriers) minimum liability coverage is at $5,000,000;<\/li>\n\n\n\n
- Cargo insurance of $5,000 per vehicle and $10,000 per event is required for motor carriers transporting household products. <\/li>\n<\/ul>\n\n\n\n
Furthermore, in order to receive a motor carrier (MC) number, business owners must submit proof of insurance to the FMCSA. This number allows them to transport cargo between states.<\/p>\n\n\n\n
Other Requirements<\/strong><\/h3>\n\n\n\nCommercial trucks that move freight between states, such as semi-trucks, are subject to federal coverage minimums, while those that stay inside state boundaries are subject to state coverage minimums. <\/p>\n\n\n\n
The amount of liability coverage required by states, like federal rules, is usually determined by the size of the vehicle and the sort of cargo it transports.<\/p>\n\n\n\n
The liability coverage minimums for intrastate commercial vehicles in New York and California are based on the cargo (general freight, home products, or hazardous material) and a vehicle weight larger than 10,000 pounds, and are the same as the federal rules. <\/p>\n\n\n\n
Household goods carriers are required to carry more cargo insurance in California, with a minimum of $20,000 per vehicle and $20,000 per occurrence. Some states, such as Texas, have a lower intrastate general freight coverage requirement ($500,000 instead of $750,000).
<\/p>\n\n\n\n
In addition, many states have their own insurance files. They normally need commercial vehicles, for example, in California, to get a Motor Carrier Permit and file an MCP-65 form. <\/p>\n\n\n\n
To show that they have the proper liability insurance. Household goods movers must additionally file a TL676 form to ensure that they have enough liability and cargo insurance.<\/p>\n\n\n\n
Similarly, tow truck operators in Texas must submit a Form T to show that they have adequate liability insurance. <\/p>\n\n\n\n
Commercial truck drivers convicted of a DUI in Florida must file a FR 44 form, which must be kept for at least three years and confirm higher insurance limits.<\/p>\n\n\n\n
What Does Commercial Truck Insurance Cover?<\/strong><\/span><\/h2>\n\n\n\nThe term “covered incident” is used in this handbook. So, what is a “covered incident” in commercial truck insurance? <\/p>\n\n\n\n
The number of persons covered by the policy, the number of people engaged in an incident, the type of truck, and the nature of the incident are all factors to consider.<\/p>\n\n\n\n
Who Is Covered Under a Policy?<\/strong><\/span><\/h3>\n\n\n\nThe business owner gains commercial truck insurance. It covers expenses for specified drivers, passengers, and anybody injured in a trucking accident. <\/p>\n\n\n\n
Here’s a breakdown of who is covered by the various coverage found in commercial truck insurance.<\/p>\n\n\n\n
Types of Coverage<\/strong><\/span><\/h3>\n\n\n\nDifferent trucks and their uses cause different insurance. As a result, they frequently design policies to combine a variety of different coverage options into a single policy that provides all the protection a business or individual requires. <\/p>\n\n\n\n
The various coverage options are:
<\/p>\n\n\n\n
Primary Liability<\/strong><\/span><\/h4>\n\n\n\nThe combined single limit (CSL) is a type of primary liability policy that covers both bodily injury and property damage. <\/p>\n\n\n\n
Let’s say a policyholder is involved in an accident. If the driver causes damage to another person’s vehicle or causes an injury, the insurance will cover the cost of the affected party’s repairs and their medical expenditures. <\/p>\n\n\n\n
The driver and the truck that caused the accident are not covered. Therefore, motor carriers choose to include medical costs and physical damage coverage in their policies.
<\/p>\n\n\n\n
Physical Damage <\/strong><\/span><\/h4>\n\n\n\nPhysical damage coverage pays for the costs of damage to the policyholder’s own cars involved in an accident, while primary liability covers the costs of injuries or damages to third parties. <\/p>\n\n\n\n
Collision coverage (damage caused by a collision) and comprehensive coverage (damage caused by an accident) are both included in physical damage coverage (non-collision losses or damage, such as theft or vandalism).
<\/p>\n\n\n\n
Uninsured\/Underinsured Motorists <\/strong><\/span><\/h4>\n\n\n\nTrucks used for commercial purposes are frequently the largest vehicles on the road. <\/p>\n\n\n\n
If one of your trucks is involved in an accident caused by another vehicle, the at-fault driver may not have enough insurance to cover your injuries and property damage. <\/p>\n\n\n\n
Instead, the charges will be covered by uninsured\/underinsured driver policy.
<\/p>\n\n\n\n
Medical Payments<\/strong><\/span><\/h4>\n\n\n\nBecause private liability insurance only covers bodily injuries to other people in an accident when your truck is at fault, it’s a good idea to get medical payments coverage, which will cover medical expenses for you and any passengers who may have been wounded as well.
<\/p>\n\n\n\n
Cargo Coverage for Trucks<\/strong><\/span><\/h4>\n\n\n\nIn the event of an incident such as a fire or collision, motor truck cargo coverage guarantees the freight that a for-hire trucker moves from one location to another. <\/p>\n\n\n\n
Truckers must legally insure their goods while it is in transit until they sign it for its final destination.<\/p>\n\n\n\n
Motor truck cargo coverage is only available to for-hire truckers that operate semis, dump trucks, tractors, trailers, box trucks, cement mixers, cargo vans, dual pickups, flatbeds, and car haulers. <\/p>\n\n\n\n
Garbage trucks, passenger trucks, and ice cream trucks are among the other trucking vehicles that are not qualified. <\/p>\n\n\n\n
Furthermore, not many cargoes are covered by insurance. Art, jewelry, medications, tobacco, alcohol, live animals, and explosives are among the items that would cause separate coverage.
<\/p>\n\n\n\n
General Liability Insurance<\/strong><\/span><\/h4>\n\n\n\nWhile primary liability insurance covers injuries or damage sustained while driving the truck, motor truck general liability insurance covers injuries or property damage caused by a for-hire trucker or motor carrier that is not related to driving. <\/p>\n\n\n\n
General liability insurance for trucks specifically covers:<\/p>\n\n\n\n
Bodily Injury and Property Damage Liability<\/strong><\/span><\/h4>\n\n\n\nWhen a covered incident results in physical injuries to an individual or property, such as when a customer is wounded in a slip-and-fall at the truck depot, the policy provides liability protection.<\/p>\n\n\n\n
Liability over the Advertising Injury and Personal Injury.<\/strong><\/span><\/h4>\n\n\n\nMedical Payments – pays for medical expenses incurred because of a covered incident that resulted in physical injury or death to an individual.
<\/p>\n\n\n\n
Completed Operations or Products – covers bodily injury or property damage caused by delivering another person’s goods incorrectly.<\/p>\n\n\n\n
Damage to Premises Rented to You\u2013temporarily covers damage to premises rented to you for seven or fewer consecutive days by the motor carrier.<\/p>\n\n\n\n
This coverage restricts drivers to a 500-mile radius. It’s only available in combination with primary liability insurance. Motor truck does not cover individuals who conduct a company’s general liability. <\/p>\n\n\n\n
The following vehicles are also not covered by general liability insurance for motor trucks:
<\/p>\n\n\n\n
\n- Garbage trucks<\/li>\n\n\n\n
- Cement trucks<\/li>\n\n\n\n
- Limos<\/li>\n\n\n\n
- Hearses<\/li>\n\n\n\n
- Buses<\/li>\n\n\n\n
- Passenger vans<\/li>\n\n\n\n
- Ice cream trucks
<\/li>\n<\/ul>\n\n\n\nNon-Trucking Liability<\/strong><\/span><\/h4>\n\n\n\nOwner-operators who have a long-term lease with a motor carrier should have non-trucking liability (NTL) coverage. This will ensure that they are covered if they use the truck for non-business purposes. <\/p>\n\n\n\n
NTL coverage, for example, would cover medical and property damage costs incurred when driving a truck for personal reasons, such as grocery shopping.<\/p>\n\n\n\n
NTL does not cover any operations that might be considered “business use,” such as moving freight, filling the gas tank, driving for maintenance, and cleaning. The motor carrier’s primary liability coverage would cover these actions.
<\/p>\n\n\n\n
Rental Reimbursement with Downtime<\/strong><\/span><\/h4>\n\n\n\nIf they cannot use a commercial truck for business reasons following an accident, business owners who gain rental reimbursement with downtime coverage are eligible to use a rental truck or receive financial compensation. <\/p>\n\n\n\n
This is especially critical to ensure that the trucking company maintains a consistent revenue stream even if a truck is temporarily out of service.
<\/p>\n\n\n\n
The policy limit you set when selecting rental reimbursement with downtime coverage dictates how much money the insurer will pay per day if the truck is damaged. The insured will be reimbursed for the cost of a rental truck for a maximum of 30 days. <\/p>\n\n\n\n
Some insurers, such as Progressive, can even help you discover a suitable rental truck to serve as a temporary replacement.<\/p>\n\n\n\n
While many insurers combine rental reimbursement and downtime insurance as a single coverage option, others offer the two as separate coverage options. <\/p>\n\n\n\n
Rental reimbursement pays for the cost of a rental truck when it is supplied separately, whereas downtime coverage pays for lost income if a rental truck is unavailable.<\/p>\n\n\n\n
Rental reimbursement with downtime coverage is not available to all commercial trucks. The following vehicle types are the only ones that are covered:<\/p>\n\n\n\n
\n- Dually Pickups<\/li>\n\n\n\n
- Flatbed Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Refrigerated Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Stake Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Tank Trucks carrying over 1,400 gallons<\/li>\n\n\n\n
- Dump Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Front Loaders weighing over 45,000 pounds<\/li>\n\n\n\n
- Roll On Vehicles weighing over 45,000 pounds<\/li>\n\n\n\n
- Straight Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Tractors<\/li>\n<\/ul>\n\n\n\n
Trailer Interchange<\/strong><\/h3>\n\n\n\nUnder the terms of a “trailer interchange agreement,” motor carriers may transport trailers that belong to other enterprises.<\/p>\n\n\n\n
A trailer interchange agreement is a contract that specifies how a trailer will be transferred from one trucker to another to complete transport. <\/p>\n\n\n\n
Typically, the trucker in possession of the trailer is accountable for any damages that occur while the trailer is in his or her control. Because the motor carrier’s own physical damage insurance does not cover rented trailers. <\/p>\n\n\n\n
They require extra trailer interchange coverage to cover any physical damage caused by events. Which could be collisions, fires, theft, explosions, or vandalism.<\/p>\n\n\n\n
This policy is only available for tractors\/semi-trucks and pickups, and all motor carriers must also carry primary liability coverage. In Virginia, however, trailer interchange is not available.<\/p>\n\n\n\n
Check out: How Much Does Car Insurance Cost In California<\/a><\/p>\n\n\n\nWhat Doesn\u2019t Commercial Truck Insurance Cover?<\/strong><\/span><\/h2>\n\n\n\nCommercial truck insurance coverage will also specify exclusions besides what is covered. <\/p>\n\n\n\n
They could relate exclusions to specific sorts of occurrences or cargo. <\/p>\n\n\n\n
Many business truck insurance exclusions are identical to those found in commercial auto plans. These are some of them:
<\/p>\n\n\n\n
Damages Intentionally Caused<\/strong><\/span><\/h3>\n\n\n\nInsurance carriers do not cover damages or injuries caused by willful harm to another person or property. <\/p>\n\n\n\n
Also, insurance fraud is defined as causing intentional harm intending to deceive the insurance company into paying for damages. Insurance fraud can cause both financial and criminal penalties.
<\/p>\n\n\n\n
Property of Others<\/strong><\/span><\/h3>\n\n\n\nEven if the person in charge of the property or automobile is protected under the policy, many commercial truck insurance policies do not cover damages to other people’s property, personal belongings, or automobiles. <\/p>\n\n\n\n
There are extra coverage options available if your company carries other people’s property or autos regularly.
<\/p>\n\n\n\n
Exceeding Policy Limits in Damages<\/strong><\/span><\/h3>\n\n\n\nEvery policy will specify a maximum amount that the insurance company will payout in the event of a claim. Any damages over the coverage limit will not be covered. <\/p>\n\n\n\n
To increase coverage limits, business owners may want to add an excess liability (or umbrella) policy.
<\/p>\n\n\n\n
Certain Types of Cargo<\/strong><\/span><\/h3>\n\n\n\nFurthermore, commercial truck insurance policies exclude some types of cargo. These include assets like money and jewelry, as well as substances like alcohol, cigarettes, and medications, as well as contraband, live animals, property in the custody of another carrier, and explosive materials. <\/p>\n\n\n\n
Additional coverage options for various sorts of cargo, such as Hazmat Insurance and Livestock Cargo Insurance, may be offered in some situations.<\/p>\n\n\n\n
Read also: 10 Best Car Insurance in California in 2023<\/a>
\u00a0<\/p>\n\n\n\nHow Much Does Commercial Truck Insurance Cost?<\/strong><\/span><\/h2>\n\n\n\nCommercial truck insurance costs between $2,000 to $18,000 per vehicle per year, which now depends on the truck and if owner-operators are going to be under a lease or their own authority.
<\/p>\n\n\n\n
The average commercial truck insurance policy, according to Progressive, costs $642 per month for specialist truckers and up to $982 per month for transport truckers (about $7,500\u2013$12,000 per year). <\/p>\n\n\n\n
However, for owner-operators who have a long-term lease with a motor carrier, the carrier normally pays the primary insurance, reducing the amount of money the owner-operator has to pay out of pocket. <\/p>\n\n\n\n
Owner-operators are liable for all of their vehicle and driver insurance under their own authority, which raises prices. <\/p>\n\n\n\n
The cost of supplementary coverage might range from $2,000 to $18,000 or more, depending on how much or how little is required.<\/p>\n\n\n\n
You should also check out: 10 Best Cheap Car Insurance In Florida 2023<\/a><\/p>\n\n\n\nWhat Are Those Factors That Affect the Cost of Commercial Truck Insurance Policies?<\/strong><\/span><\/h2>\n\n\n\nThe cost of commercial truck insurance is determined by several factors. <\/p>\n\n\n\n
Also, the business owner can alter some to lower the quantity of coverage required, while others are an unavoidable feature of doing business. <\/p>\n\n\n\n
The following are some of the most important factors that influence coverage:
<\/p>\n\n\n\n
Vehicles that are Covered<\/strong><\/span><\/h3>\n\n\n\nBecause of the increased danger of causing severe damage in an accident, heavier vehicles have higher insurance premiums. <\/p>\n\n\n\n
Furthermore, newer vehicles cost more to insure because they are more expensive to fix or replace in the event of an accident. The more vehicles in the fleet, the more expensive the coverage will be.
<\/p>\n\n\n\n
Location and Operating Radius<\/strong><\/span><\/h3>\n\n\n\nThe cost of insurance is likely to be higher if drivers travel long distances (such as across a region or between states) rather than locally. <\/p>\n\n\n\n
Because there may be fewer stops along a route or the route may be unfamiliar, truckers with a greater operating radius are more likely to be involved in an accident. <\/p>\n\n\n\n
Furthermore, because commercial truck insurance rates vary by state, drivers in some states will probably pay more.
<\/p>\n\n\n\n
Vehicle Storage<\/strong><\/span><\/h3>\n\n\n\nWhen your trucks aren’t in use, where you park them can impact your insurance rates. The lower the cost of insurance, the safer the location. <\/p>\n\n\n\n
Commercial trucks parked in a garage or closed yard, for example, will pay cheaper rates than trucks parked in public areas or open spaces.
<\/p>\n\n\n\n
Cargo<\/strong><\/span><\/h3>\n\n\n\nRisk levels vary depending on the type of cargo. Because heavier or more risky cargo is more likely to cause more damage in an accident than lighter cargo, the insurance policy price will reflect this risk. <\/p>\n\n\n\n
Commercial truck insurance policies cover little cargo, such as explosives, drugs, and livestock, causing supplementary coverage.
<\/p>\n\n\n\n
Driving History<\/strong><\/span><\/h3>\n\n\n\nDriving history has a substantial impact on how much a business owner pays in commercial truck insurance premiums, just as it does with personal auto insurance. <\/p>\n\n\n\n
Because the risks are higher with larger vehicles, a motorist with a history of violations or accidents will see their insurance prices rise even more dramatically. <\/p>\n\n\n\n
Maintaining a clean driving record free of accidents and violations is one of the best methods to save money on insurance. <\/p>\n\n\n\n
- What To Expect<\/a><\/li><\/ul><\/li>
- What Are The Requirements For Business Owners and Contractors?<\/a>
- Other Requirements<\/a><\/li><\/ul><\/li>
- What Does Commercial Truck Insurance Cover?<\/a>
- Who Is Covered Under a Policy?<\/a><\/li>
- Types of Coverage<\/a><\/li>
- Trailer Interchange<\/a><\/li><\/ul><\/li>
- What Doesn\u2019t Commercial Truck Insurance Cover?<\/a>
- Damages Intentionally Caused<\/a><\/li>
- Property of Others<\/a><\/li>
- Exceeding Policy Limits in Damages<\/a><\/li>
- Certain Types of Cargo<\/a><\/li><\/ul><\/li>
- How Much Does Commercial Truck Insurance Cost?<\/a><\/li>
- What Are Those Factors That Affect the Cost of Commercial Truck Insurance Policies?<\/a>
- Vehicles that are Covered<\/a><\/li>
- Location and Operating Radius<\/a><\/li>
- Vehicle Storage<\/a><\/li>
- Cargo<\/a><\/li>
- Driving History<\/a><\/li>
- Amount of Coverage and Deductible<\/a><\/li><\/ul><\/li>
- How Do You Find Cheap Commercial Truck Insurance?<\/a>
- Multiple Price Quotes<\/a><\/li>
- Discounts<\/a><\/li>
- Higher Deductibles<\/a><\/li>
- Lower Limits of Coverage<\/a><\/li>
- Less Coverage<\/a><\/li><\/ul><\/li>
- What Are Types of Trucks Covered?<\/a>
- Pickup Trucks<\/a><\/li>
- Cement Mixers<\/a><\/li>
- Tow Trucks<\/a><\/li>
- Box Trucks<\/a><\/li>
- Dump Trucks<\/a><\/li>
- Semi-trucks & Tractors<\/a><\/li>
- Other Vehicles<\/a><\/li><\/ul><\/li>
- Review On Some Of The Best Commercial Truck Insurance For 2023<\/a>
- Progressive<\/a><\/li>
- Sentry<\/a><\/li>
- The Hartford<\/a><\/li>
- CoverWallet<\/a><\/li>
- State Farm Insurance<\/a><\/li>
- How Does State Farm Work?<\/a><\/li><\/ul><\/li>
- Conclusion<\/a><\/li>
- References<\/a><\/li>
- We Also Recommend<\/a><\/li><\/ul><\/div>\n\n\n\n
What Is Commercial Truck Insurance?<\/strong><\/h2>\n\n\n\n
Trucking companies, companies that use trucks, and individual truck drivers all require commercial truck insurance, which is a collection of auto insurance plans. <\/p>\n\n\n\n
This insurance protects you financially and legally against bodily injury and property damage, as well as provides coverage for specific cargo and trucking equipment.<\/p>\n\n\n\n
Commercial trucking insurance, unlike commercial auto insurance, covers huge vehicles (such as semi-trucks) that are commonly used for construction, transportation of commodities, or agriculture. <\/p>\n\n\n\n
Commercial truck insurance considers the cargo or commodities being transported, as well as the vehicle’s size and kind. Tow trucks, cement mixers, pickup trucks, and tractors are among the commercial trucks for which they provide policies.<\/p>\n\n\n\n
You Should Also Check Out\u00a0How to Get Cheap Car Insurance in 2023<\/a><\/strong><\/p>\n\n\n\n
How Does Commercial Truck Insurance Work?<\/strong><\/span><\/h2>\n\n\n\n
They include commercial truck insurance in the commercial auto insurance category. Truck drivers and firms that use trucks use commercial trucking insurance.
<\/p>\n\n\n\nThey gain truck insurance to protect individual vehicles, and the owner of such trucks is most commonly the one who purchases them. <\/p>\n\n\n\n
The insurance also only applies when the car is being used for business by the people mentioned in the policy. <\/p>\n\n\n\n
The cost of the policy is also determined by the individuals mentioned on the policy, as their driving record is a major factor in setting monthly rates.
<\/p>\n\n\n\nBusinesses and individuals who buy typically fall into one of the following categories:
<\/p>\n\n\n\n- \n
- For-hire trucking companies that own a fleet of vehicles are referred to as motor carriers. They are in charge of their fleet’s insurance.
<\/li>\n\n\n\n - They know individuals who own and operate their own trucking company as owner-operators. Individuals are most typically referred to by this expression, and they are the ones who own their automobiles. When an “owner” leases a vehicle from a motor carrier who owns it, the owner normally insures the vehicle.
<\/li>\n\n\n\n - They know they know individuals who use their personal automobiles to transport things on behalf of their employer carriers. People who frequently transport goods for their company in their own vehicle may be asked to purchase their own insurance or may be reimbursed for insurance expenses by their employer.
<\/li>\n\n\n\n - Any of these companies can purchase commercial truck insurance. It is possible to insure a single box truck or an entire fleet of semi-trucks. The owner must cooperate with an insurance firm to establish these elements when buying a policy.<\/li>\n<\/ul>\n\n\n\n
Check Also:\u00a0How to Get Car Insurance without a License in 2023 |<\/a><\/strong><\/p>\n\n\n\n
How Does the Coverage Works?<\/strong><\/h2>\n\n\n\n
Coverage \u2014 specifies which damages, occurrences, and costs are covered.<\/p>\n\n\n\n
Monthly Premium – the amount of money the policyholder must pay each month in order to keep the insurance active.<\/p>\n\n\n\n
They know the amount an insured company must pay toward a claim before coverage begins as the deductible.<\/p>\n\n\n\n
Policy Limit – the maximum amount that the insurer must pay for claims made under the policy.<\/p>\n\n\n\n
For the coverage stated in the policy agreement, the policyholder pays a monthly premium. The insurance company will pay for damages, repairs, and medical or legal expenses related to a covered accident under the terms of the contract. <\/p>\n\n\n\n
Typically, an incident is covered only if they list the vehicle on the policy. They list the driver on the policy, and the incident occurs when the company is open for business.<\/p>\n\n\n\n
In the event of an accident, the policyholder must “register a claim” with the insurance company, which normally takes a few days. If the policy covers the incident, the policyholder handles all costs up to and including the deductible. The insurer will cover any expenses not covered by the deductible.<\/p>\n\n\n\n
The way insurance companies manage expenses after an accident varies. Many insurance companies have a network of pre-approved repair shops that policyholders must employ to assess damages and repair their trucks. <\/p>\n\n\n\n
The insurance company would then pay the shop in full and they would bill you for your amount based on your deductible. <\/p>\n\n\n\n
Other insurance companies may urge you to search around for pricing quotes from several auto repair shops, or they may even send a representative to estimate the cost of repair. <\/p>\n\n\n\n
What To Expect<\/strong><\/h3>\n\n\n\n
Keep in mind that some insurers may use a reimbursement model, in which the policyholder pays all repair costs up front and the insurance company reimburses the policyholder for expenditures that exceed the deductible.<\/p>\n\n\n\n
The optimum policy for you will be determined by the level of risk associated with an occurrence, the type of policy limit you require, and the cash flow of your company.<\/p>\n\n\n\n
See Review of Allstate vs State Farm: Which Should You Use?<\/a><\/strong><\/p>\n\n\n\n
What Are The Requirements For Business Owners and Contractors?<\/strong><\/span><\/h2>\n\n\n\n
Businesses that transport commercial trucks between states must comply with federal insurance regulations. Commercial truck drivers must have a minimum amount of insurance coverage with an accident, according to the Federal Motor Carrier Safety Administration (FMCSA). <\/p>\n\n\n\n
The amount of coverage required for a commercial truck driver is determined by the truck’s weight and cargo, according to Title 49, Section 387 of the United States Code of Federal Regulations. The higher the insurance requirements, the bigger the truck and the more dangerous the load.<\/p>\n\n\n\n
The following is a list of the federal minimum liability requirements for trucks, broken down by the different categories of goods being transported:<\/p>\n\n\n\n
- \n
- Non-hazardous freight (in vehicles under 10,001 lbs.) minimum liability coverage is at $300,00; <\/li>\n\n\n\n
- Non-hazardous freight (in vehicles over 10,001 lbs.) minimum liability coverage is at $750,000;<\/li>\n\n\n\n
- Oil (transported by for-hire and private carriers) minimum liability coverage is at $1,000,000;<\/li>\n\n\n\n
- Hazardous material or explosives (transported by for-hire and private carriers) minimum liability coverage is at $5,000,000;<\/li>\n\n\n\n
- Cargo insurance of $5,000 per vehicle and $10,000 per event is required for motor carriers transporting household products. <\/li>\n<\/ul>\n\n\n\n
Furthermore, in order to receive a motor carrier (MC) number, business owners must submit proof of insurance to the FMCSA. This number allows them to transport cargo between states.<\/p>\n\n\n\n
Other Requirements<\/strong><\/h3>\n\n\n\n
Commercial trucks that move freight between states, such as semi-trucks, are subject to federal coverage minimums, while those that stay inside state boundaries are subject to state coverage minimums. <\/p>\n\n\n\n
The amount of liability coverage required by states, like federal rules, is usually determined by the size of the vehicle and the sort of cargo it transports.<\/p>\n\n\n\n
The liability coverage minimums for intrastate commercial vehicles in New York and California are based on the cargo (general freight, home products, or hazardous material) and a vehicle weight larger than 10,000 pounds, and are the same as the federal rules. <\/p>\n\n\n\n
Household goods carriers are required to carry more cargo insurance in California, with a minimum of $20,000 per vehicle and $20,000 per occurrence. Some states, such as Texas, have a lower intrastate general freight coverage requirement ($500,000 instead of $750,000).
<\/p>\n\n\n\nIn addition, many states have their own insurance files. They normally need commercial vehicles, for example, in California, to get a Motor Carrier Permit and file an MCP-65 form. <\/p>\n\n\n\n
To show that they have the proper liability insurance. Household goods movers must additionally file a TL676 form to ensure that they have enough liability and cargo insurance.<\/p>\n\n\n\n
Similarly, tow truck operators in Texas must submit a Form T to show that they have adequate liability insurance. <\/p>\n\n\n\n
Commercial truck drivers convicted of a DUI in Florida must file a FR 44 form, which must be kept for at least three years and confirm higher insurance limits.<\/p>\n\n\n\n
What Does Commercial Truck Insurance Cover?<\/strong><\/span><\/h2>\n\n\n\n
The term “covered incident” is used in this handbook. So, what is a “covered incident” in commercial truck insurance? <\/p>\n\n\n\n
The number of persons covered by the policy, the number of people engaged in an incident, the type of truck, and the nature of the incident are all factors to consider.<\/p>\n\n\n\n
Who Is Covered Under a Policy?<\/strong><\/span><\/h3>\n\n\n\n
The business owner gains commercial truck insurance. It covers expenses for specified drivers, passengers, and anybody injured in a trucking accident. <\/p>\n\n\n\n
Here’s a breakdown of who is covered by the various coverage found in commercial truck insurance.<\/p>\n\n\n\n
Types of Coverage<\/strong><\/span><\/h3>\n\n\n\n
Different trucks and their uses cause different insurance. As a result, they frequently design policies to combine a variety of different coverage options into a single policy that provides all the protection a business or individual requires. <\/p>\n\n\n\n
The various coverage options are:
<\/p>\n\n\n\nPrimary Liability<\/strong><\/span><\/h4>\n\n\n\n
The combined single limit (CSL) is a type of primary liability policy that covers both bodily injury and property damage. <\/p>\n\n\n\n
Let’s say a policyholder is involved in an accident. If the driver causes damage to another person’s vehicle or causes an injury, the insurance will cover the cost of the affected party’s repairs and their medical expenditures. <\/p>\n\n\n\n
The driver and the truck that caused the accident are not covered. Therefore, motor carriers choose to include medical costs and physical damage coverage in their policies.
<\/p>\n\n\n\nPhysical Damage <\/strong><\/span><\/h4>\n\n\n\n
Physical damage coverage pays for the costs of damage to the policyholder’s own cars involved in an accident, while primary liability covers the costs of injuries or damages to third parties. <\/p>\n\n\n\n
Collision coverage (damage caused by a collision) and comprehensive coverage (damage caused by an accident) are both included in physical damage coverage (non-collision losses or damage, such as theft or vandalism).
<\/p>\n\n\n\nUninsured\/Underinsured Motorists <\/strong><\/span><\/h4>\n\n\n\n
Trucks used for commercial purposes are frequently the largest vehicles on the road. <\/p>\n\n\n\n
If one of your trucks is involved in an accident caused by another vehicle, the at-fault driver may not have enough insurance to cover your injuries and property damage. <\/p>\n\n\n\n
Instead, the charges will be covered by uninsured\/underinsured driver policy.
<\/p>\n\n\n\nMedical Payments<\/strong><\/span><\/h4>\n\n\n\n
Because private liability insurance only covers bodily injuries to other people in an accident when your truck is at fault, it’s a good idea to get medical payments coverage, which will cover medical expenses for you and any passengers who may have been wounded as well.
<\/p>\n\n\n\nCargo Coverage for Trucks<\/strong><\/span><\/h4>\n\n\n\n
In the event of an incident such as a fire or collision, motor truck cargo coverage guarantees the freight that a for-hire trucker moves from one location to another. <\/p>\n\n\n\n
Truckers must legally insure their goods while it is in transit until they sign it for its final destination.<\/p>\n\n\n\n
Motor truck cargo coverage is only available to for-hire truckers that operate semis, dump trucks, tractors, trailers, box trucks, cement mixers, cargo vans, dual pickups, flatbeds, and car haulers. <\/p>\n\n\n\n
Garbage trucks, passenger trucks, and ice cream trucks are among the other trucking vehicles that are not qualified. <\/p>\n\n\n\n
Furthermore, not many cargoes are covered by insurance. Art, jewelry, medications, tobacco, alcohol, live animals, and explosives are among the items that would cause separate coverage.
<\/p>\n\n\n\nGeneral Liability Insurance<\/strong><\/span><\/h4>\n\n\n\n
While primary liability insurance covers injuries or damage sustained while driving the truck, motor truck general liability insurance covers injuries or property damage caused by a for-hire trucker or motor carrier that is not related to driving. <\/p>\n\n\n\n
General liability insurance for trucks specifically covers:<\/p>\n\n\n\n
Bodily Injury and Property Damage Liability<\/strong><\/span><\/h4>\n\n\n\n
When a covered incident results in physical injuries to an individual or property, such as when a customer is wounded in a slip-and-fall at the truck depot, the policy provides liability protection.<\/p>\n\n\n\n
Liability over the Advertising Injury and Personal Injury.<\/strong><\/span><\/h4>\n\n\n\n
Medical Payments – pays for medical expenses incurred because of a covered incident that resulted in physical injury or death to an individual.
<\/p>\n\n\n\nCompleted Operations or Products – covers bodily injury or property damage caused by delivering another person’s goods incorrectly.<\/p>\n\n\n\n
Damage to Premises Rented to You\u2013temporarily covers damage to premises rented to you for seven or fewer consecutive days by the motor carrier.<\/p>\n\n\n\n
This coverage restricts drivers to a 500-mile radius. It’s only available in combination with primary liability insurance. Motor truck does not cover individuals who conduct a company’s general liability. <\/p>\n\n\n\n
The following vehicles are also not covered by general liability insurance for motor trucks:
<\/p>\n\n\n\n- \n
- Garbage trucks<\/li>\n\n\n\n
- Cement trucks<\/li>\n\n\n\n
- Limos<\/li>\n\n\n\n
- Hearses<\/li>\n\n\n\n
- Buses<\/li>\n\n\n\n
- Passenger vans<\/li>\n\n\n\n
- Ice cream trucks
<\/li>\n<\/ul>\n\n\n\nNon-Trucking Liability<\/strong><\/span><\/h4>\n\n\n\n
Owner-operators who have a long-term lease with a motor carrier should have non-trucking liability (NTL) coverage. This will ensure that they are covered if they use the truck for non-business purposes. <\/p>\n\n\n\n
NTL coverage, for example, would cover medical and property damage costs incurred when driving a truck for personal reasons, such as grocery shopping.<\/p>\n\n\n\n
NTL does not cover any operations that might be considered “business use,” such as moving freight, filling the gas tank, driving for maintenance, and cleaning. The motor carrier’s primary liability coverage would cover these actions.
<\/p>\n\n\n\nRental Reimbursement with Downtime<\/strong><\/span><\/h4>\n\n\n\n
If they cannot use a commercial truck for business reasons following an accident, business owners who gain rental reimbursement with downtime coverage are eligible to use a rental truck or receive financial compensation. <\/p>\n\n\n\n
This is especially critical to ensure that the trucking company maintains a consistent revenue stream even if a truck is temporarily out of service.
<\/p>\n\n\n\nThe policy limit you set when selecting rental reimbursement with downtime coverage dictates how much money the insurer will pay per day if the truck is damaged. The insured will be reimbursed for the cost of a rental truck for a maximum of 30 days. <\/p>\n\n\n\n
Some insurers, such as Progressive, can even help you discover a suitable rental truck to serve as a temporary replacement.<\/p>\n\n\n\n
While many insurers combine rental reimbursement and downtime insurance as a single coverage option, others offer the two as separate coverage options. <\/p>\n\n\n\n
Rental reimbursement pays for the cost of a rental truck when it is supplied separately, whereas downtime coverage pays for lost income if a rental truck is unavailable.<\/p>\n\n\n\n
Rental reimbursement with downtime coverage is not available to all commercial trucks. The following vehicle types are the only ones that are covered:<\/p>\n\n\n\n
- \n
- Dually Pickups<\/li>\n\n\n\n
- Flatbed Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Refrigerated Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Stake Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Tank Trucks carrying over 1,400 gallons<\/li>\n\n\n\n
- Dump Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Front Loaders weighing over 45,000 pounds<\/li>\n\n\n\n
- Roll On Vehicles weighing over 45,000 pounds<\/li>\n\n\n\n
- Straight Trucks weighing over 16,000 pounds<\/li>\n\n\n\n
- Tractors<\/li>\n<\/ul>\n\n\n\n
Trailer Interchange<\/strong><\/h3>\n\n\n\n
Under the terms of a “trailer interchange agreement,” motor carriers may transport trailers that belong to other enterprises.<\/p>\n\n\n\n
A trailer interchange agreement is a contract that specifies how a trailer will be transferred from one trucker to another to complete transport. <\/p>\n\n\n\n
Typically, the trucker in possession of the trailer is accountable for any damages that occur while the trailer is in his or her control. Because the motor carrier’s own physical damage insurance does not cover rented trailers. <\/p>\n\n\n\n
They require extra trailer interchange coverage to cover any physical damage caused by events. Which could be collisions, fires, theft, explosions, or vandalism.<\/p>\n\n\n\n
This policy is only available for tractors\/semi-trucks and pickups, and all motor carriers must also carry primary liability coverage. In Virginia, however, trailer interchange is not available.<\/p>\n\n\n\n
Check out: How Much Does Car Insurance Cost In California<\/a><\/p>\n\n\n\n
What Doesn\u2019t Commercial Truck Insurance Cover?<\/strong><\/span><\/h2>\n\n\n\n
Commercial truck insurance coverage will also specify exclusions besides what is covered. <\/p>\n\n\n\n
They could relate exclusions to specific sorts of occurrences or cargo. <\/p>\n\n\n\n
Many business truck insurance exclusions are identical to those found in commercial auto plans. These are some of them:
<\/p>\n\n\n\nDamages Intentionally Caused<\/strong><\/span><\/h3>\n\n\n\n
Insurance carriers do not cover damages or injuries caused by willful harm to another person or property. <\/p>\n\n\n\n
Also, insurance fraud is defined as causing intentional harm intending to deceive the insurance company into paying for damages. Insurance fraud can cause both financial and criminal penalties.
<\/p>\n\n\n\nProperty of Others<\/strong><\/span><\/h3>\n\n\n\n
Even if the person in charge of the property or automobile is protected under the policy, many commercial truck insurance policies do not cover damages to other people’s property, personal belongings, or automobiles. <\/p>\n\n\n\n
There are extra coverage options available if your company carries other people’s property or autos regularly.
<\/p>\n\n\n\nExceeding Policy Limits in Damages<\/strong><\/span><\/h3>\n\n\n\n
Every policy will specify a maximum amount that the insurance company will payout in the event of a claim. Any damages over the coverage limit will not be covered. <\/p>\n\n\n\n
To increase coverage limits, business owners may want to add an excess liability (or umbrella) policy.
<\/p>\n\n\n\nCertain Types of Cargo<\/strong><\/span><\/h3>\n\n\n\n
Furthermore, commercial truck insurance policies exclude some types of cargo. These include assets like money and jewelry, as well as substances like alcohol, cigarettes, and medications, as well as contraband, live animals, property in the custody of another carrier, and explosive materials. <\/p>\n\n\n\n
Additional coverage options for various sorts of cargo, such as Hazmat Insurance and Livestock Cargo Insurance, may be offered in some situations.<\/p>\n\n\n\n
Read also: 10 Best Car Insurance in California in 2023<\/a>
\u00a0<\/p>\n\n\n\nHow Much Does Commercial Truck Insurance Cost?<\/strong><\/span><\/h2>\n\n\n\n
Commercial truck insurance costs between $2,000 to $18,000 per vehicle per year, which now depends on the truck and if owner-operators are going to be under a lease or their own authority.
<\/p>\n\n\n\nThe average commercial truck insurance policy, according to Progressive, costs $642 per month for specialist truckers and up to $982 per month for transport truckers (about $7,500\u2013$12,000 per year). <\/p>\n\n\n\n
However, for owner-operators who have a long-term lease with a motor carrier, the carrier normally pays the primary insurance, reducing the amount of money the owner-operator has to pay out of pocket. <\/p>\n\n\n\n
Owner-operators are liable for all of their vehicle and driver insurance under their own authority, which raises prices. <\/p>\n\n\n\n
The cost of supplementary coverage might range from $2,000 to $18,000 or more, depending on how much or how little is required.<\/p>\n\n\n\n
You should also check out: 10 Best Cheap Car Insurance In Florida 2023<\/a><\/p>\n\n\n\n
What Are Those Factors That Affect the Cost of Commercial Truck Insurance Policies?<\/strong><\/span><\/h2>\n\n\n\n
The cost of commercial truck insurance is determined by several factors. <\/p>\n\n\n\n
Also, the business owner can alter some to lower the quantity of coverage required, while others are an unavoidable feature of doing business. <\/p>\n\n\n\n
The following are some of the most important factors that influence coverage:
<\/p>\n\n\n\nVehicles that are Covered<\/strong><\/span><\/h3>\n\n\n\n
Because of the increased danger of causing severe damage in an accident, heavier vehicles have higher insurance premiums. <\/p>\n\n\n\n
Furthermore, newer vehicles cost more to insure because they are more expensive to fix or replace in the event of an accident. The more vehicles in the fleet, the more expensive the coverage will be.
<\/p>\n\n\n\nLocation and Operating Radius<\/strong><\/span><\/h3>\n\n\n\n
The cost of insurance is likely to be higher if drivers travel long distances (such as across a region or between states) rather than locally. <\/p>\n\n\n\n
Because there may be fewer stops along a route or the route may be unfamiliar, truckers with a greater operating radius are more likely to be involved in an accident. <\/p>\n\n\n\n
Furthermore, because commercial truck insurance rates vary by state, drivers in some states will probably pay more.
<\/p>\n\n\n\nVehicle Storage<\/strong><\/span><\/h3>\n\n\n\n
When your trucks aren’t in use, where you park them can impact your insurance rates. The lower the cost of insurance, the safer the location. <\/p>\n\n\n\n
Commercial trucks parked in a garage or closed yard, for example, will pay cheaper rates than trucks parked in public areas or open spaces.
<\/p>\n\n\n\nCargo<\/strong><\/span><\/h3>\n\n\n\n
Risk levels vary depending on the type of cargo. Because heavier or more risky cargo is more likely to cause more damage in an accident than lighter cargo, the insurance policy price will reflect this risk. <\/p>\n\n\n\n
Commercial truck insurance policies cover little cargo, such as explosives, drugs, and livestock, causing supplementary coverage.
<\/p>\n\n\n\nDriving History<\/strong><\/span><\/h3>\n\n\n\n
Driving history has a substantial impact on how much a business owner pays in commercial truck insurance premiums, just as it does with personal auto insurance. <\/p>\n\n\n\n
Because the risks are higher with larger vehicles, a motorist with a history of violations or accidents will see their insurance prices rise even more dramatically. <\/p>\n\n\n\n
Maintaining a clean driving record free of accidents and violations is one of the best methods to save money on insurance. <\/p>\n\n\n\n
- Sentry<\/a><\/li>
- Cement Mixers<\/a><\/li>
- Discounts<\/a><\/li>
- Location and Operating Radius<\/a><\/li>
- Property of Others<\/a><\/li>
- Types of Coverage<\/a><\/li>
- What Does Commercial Truck Insurance Cover?<\/a>
- What Are The Requirements For Business Owners and Contractors?<\/a>