How to Find the Right Commercial Truck Insurance

truck insurance

Whether you are an entrepreneur with one commercial truck or your company uses a fleet of trucks, you need commercial truck insurance tailored to your business and your risks. Perhaps you have drivers who make deliveries, or you have trained and certified commercial truck drivers who drive tractor trailers and deliver freight cross-country. No two businesses are alike in their use of vehicles, their specific risks and the amount and type of coverage needed.

How do you get the help you need to choose the right insurance for your business? Start by contacting a local independent agent in the Trusted Choice® network who specializes in commercial insurance. Not only can a member agent can find the best commercial truck insurance policy for your company at the best rate, but your agent will be able to help you with every aspect of your business coverage, from general liability to property coverage to commercial truck insurance.

Commercial Truck Risks

  • About 130,000 people are injured each year in truck accidents
  • 70% of truck accidents report only property damage
  • 22% of truck accidents result in injuries
  • The average cost of a commercial truck accident is about $59,000

What Does Commercial Truck Insurance Cover?

Like many auto insurance policies, commercial truck insurance comes with several types of coverage, each of which is specifically designed to protect your business and your personal assets from catastrophic loss. The coverage you need may include:

  • Commercial truck liability insurance: Covers your liability risks in the event that you or one of your employed drivers causes an accident. Your commercial truck liability will include bodily injury liability to cover the costs of injuries and medical expenses for the injured party, and property damage liability to cover the costs of property damage in an accident. Your commercial truck liability insurance will typically also cover the costs of legal defense, whether or not your company is found to be at fault in an accident.
  • Physical damage coverage: Covers the costs of damage to your vehicle from an accident or other incident. This coverage includes both collision coverage to pay for damage from a crash as well as comprehensive coverage to pay for damage from theft, vandalism and “other than collision” causes.
  • Uninsured/underinsurance motorists coverage: Covers the costs of injuries and damages if you or one of your employees is in an accident where another driver is at fault, but that driver does not have adequate coverage to pay for your injuries and property damage.
  • Truck cargo coverage: Covers damage or theft of items your truck is hauling.

In addition to these types of coverage, you will have many other options as you structure your policy to cover your specific concerns. For example, if your employees sometimes need to drive their own vehicles in the course of business, you may want a non-owned vehicles policy. This coverage will protect you and your drivers from the costs associated with accidents that occur during business hours when an employee is driving a vehicle that your company does not own.

How to Get Commercial Truck Insurance Quotes

Since commercial truck insurance varies widely depending on the type of truck and the use of the vehicle, it can be very difficult to get a side-by-side comparison of different quotes for the same types and amounts of insurance coverage.

There is so much to consider when insuring your commercial trucks. To get accurate quotes, your agent needs to know things, like:

  • Which employees will be driving your trucks?
  • What kinds of certification or training do your drivers have?
  • Will they be in hard-hat areas or construction sites?
  • Will they be hauling heavy equipment or hazardous materials?
  • How many miles will they be driving your commercial trucks each year?
  • Will they cross state boundaries?

Get Commercial Truck Insurance and More

A local independent agent in the Trusted Choice network can make sure you get the best commercial truck insurance coverage for your needs and budget. Additionally, your agent can help you get all of the coverage needed for your business operation. Many insurance companies will give you discounts if you package all your business coverage with one company, and our agent can find these opportunities for you.

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