The best commercial truck insurance companies are something every serious trucker should know.

Commercial trucking insurance covers the trucking industry i.e. deliveries, short and long hauls, automobile and people transportation, and more.
Best commercial trucking insurance company offers extra coverages like cargo, uninsured motorists and it can help owner operators/truckers reduce their liability and save money if eventuality occurs like accident or damage.

We are comprehensively reviewing the best commercial insurance companies and policies using yardsticks such as company reputation, customer reviews, types of coverage, discounts offered, and extra benefits companies offer.

Give below are rankings of the best trucking insurance companies in the US:-

Company 

Top Feature 

CoverWallet 

The overall best customer service and ease of use.

Progressive 

Best Savings Overall

Three by Berkshire Hathway

Best Simple and Comprehensive Policy

OOIDA insurance 

Best For Small Businesses

State Farm

Besrt Customer Service

The Hartford

Best For Fleets

Sentry

Best For Single Truck Owner Operators

Evolution Insurance Brokers (EIB)

Best For High Risk Hauling

Nationwide Insurance 

The Best Commercial Truck Insurance Company for New Drivers and Companies.

Liberty Mutual Insurance

Best for trucking businesses with mutiple trucks

GEICO Insurance

Best comprehensive insurance coverage for fleets & small truckers

Detailed Review of the best truck Insurance companies in USA:

Best Commerical Insurance Companies

1. CoverWallet

The overall best customer service and ease of use.

Our reviewers found that CoverWallet is one of the easiest and free ways to purchase trucking insurance. CoverWallet is an aggregator, not an individual company.

There are multiple options displayed according to your search filters, you can compare your best list of insurance companies and select a judicious mix of policies for all your trucking insurance needs.

Cover Wallet works with different insurance providers, it helps you to cherry-pick, insurance policies from different top-class providers. It also provides truckers with additional features such as instant quotes, policy comparison tools, and complete online policy management, the option to work with a personal agent 24/7, etc.

Coverwallet works directly with insurance providers, so to know about coverage and policy-related details you need to contact their customer service executives. Pricing and coverage approvals are based on motor vehicle driving records of the driver, amount and type of coverage, the load being transported, truck’s value.

Businesses can buy and manage the insurance buying process online. There are many helpful resources on the CoverWallet site explaining business tips, lingo, and trucking insurance requirements for your business.

Our reviewers found that you can get insurance quotes online or you can talk to a business insurance manager over the phone.

The truckers/ owner-operators like Coverwallet the customer reviews stand as a testament to that. Our insurance experts found out that customers really like the easy-to-use website, tailor-made service, and ability to compare and contrast policies.

Features:

  • Can compare and contrast multiple insurance policies online
  • Buy directly from an insurance company thus get low prices
  • Can select the best mix of truck insurance policies
  • Many coverage options for a wide range of trucks
  • Coverage available for bad credit/bad driving record
  • Very many positive customer reviews
  • Fast and consistently low quotes from multiple insurers
  • Manage claims and documentation online

REASONS TO USE

  • Instant quotes are available online
  • Takes just minutes to buy a policy
  • Compare and contrast policies of different providers
  • Multiple coverage options for truck insurance
  • Drivers with bad credit/bad driving records also get coverage.

REASONS TO AVOID

  • Zero brick-and-mortar locations available
  • No average truck insurance pricing on the site
  • Aggregator platform, not an individual insurance provider
  • Pricing may take longer, in some cases

VERDICT :

CoverWallet is the best option for comparing multiple best-in-class insurance carriers. These carriers include Progressive, Liberty Mutual, Berkshire Hathaway, Chubb, Travelers, and more.

The company becomes the sweetheart of truckers by allowing truckers to see multiple policies for multiple scenarios from multiple insurance companies. Truckers with bad safety and driving records can find good policies from CoverWallet, though the premiums will be on the higher side.

If you are looking for an easy way to quickly compare affordable commercial truck insurance plans, CoverWallet can be right for you. Quotes are offered instantly, policies can be bought online without any hassle. Also, they provide immediate proof of insurance via email.

In eKomi’s CoverWallet has a customer satisfaction rating of 4.9 out of 5 stars with more than 645 reviews. It has an A+ rating and is accredited by Better Business Bureau.

best commercial truck insurance companies
Top 11 Best Commercial Truck Insurance Companies in the USA 12

2. Progressive

Best Savings Overall

Progressive is the largest commercial auto insurer in America providing insurance cover to 12% of the market. Largest in market share among the American carriers, there’s a variety of coverages and many types of discounts available.


Our reviewers found out that Progressive’s policies are available in all 50 states, They cover vehicles like tow trucks. Box trucks, tractor-trailers, dump trucks, cement trucks, delivery vans, garbage trucks, and even ice cream trucks.

Progressive has a wide range of coverage options, which makes it very attractive to truckers. They provide online quotes, flexible coverage, and multiple payment options. It also provides expert support for commercial trucking customers. It provides specialized heavy truck insurance and offers free state and federal insurance filings ( issued within 48 hours)

Our experts found that Progressive’s insurance includes general liability (bodily injury and personal property), uninsured and underinsured motorist, comprehensive, collision, personal injury protection (PIP), and medical payments.

Additional coverages include trailer interchange, rental reimbursements, motor truck cargo, non-trucking liability, fire and theft options.

Features:

  • Top commercial vehicle insurer in the U.S.
  • Available in all 50 states
  • Offers free state and federal insurance filings
  • Variety of discounts
  • Covers a wide range of truck types

REASONS TO USE

  • Customizable truck insurance
  • Pricing averages are given on the website
  • A well-known and reputable insurance company

REASONS TO AVOID

  • It’s a large company so may feel less personal
  • History of consumer complaints and negative reviews
  • Will need to work with an agent
  • Allowable fleet size is limited
  • Travel radius may apply

VERDICT:

Our reviewers found out that Progressive provides discounts for things like (business experience, electronic logging devices (ELDs), drivers with CDL (commercial drivers license) certification, signing up for EFT/autopay, paying in full, bundling coverage with personal vehicle insurance, or building a package.)

We found that online quotes are offered, but you’ll have to work with an insurance agent to buy the right policy for your company. Another special feature is that claims can be filed over the phone anytime, with insurance agents available 24/7.

Progressive provides a lot of features through its policies. Overall, customers with positive reviews say that they are happy with lots of discounts, competitive rates, and innovative use of technology. But, a few customers complain that there’s a lack of proactive customer service and a slow claims process.

Progressive holds an A+ (Superior) financial strength rating from AM Best. They also have an A+ rating from the Better Business Bureau, but Progressive is only BBB-accredited.

best commercial truck insurance companies

3. Three by Berkshire Hathway

Best Simple and Comprehensive Policy

The company name, Three, is the number of pages long the insurance contract is, which is an industry first and much shorter than standard policy paperwork.

Three by Berkshire Hathway offers a simple and also comprehensive truck insurance policy that is easy to read and apply. This insurance has awesome customer support (small business advisor) keen to help you at every stage of the insurance-taking process.

Three usually cover buses, taxis, limos, delivery trucks, couriers, dump trucks, bulk hauling, local and long-distance hauls, and automobile transport.

Features:

  • Supported by an industry leader
  • Simplified insurance process and contract
  • Does a good job of explaining when coverage is needed

REASONS TO USE

  • Simple to read and apply
  • Comprehensive policy
  • No unnecessary and complicated conditions

REASONS TO AVOID

  • Doesn’t specialize in commercial truck insurance

VERDICT:

Our expert understood that Three insurance offers a comprehensive policy for your trucking business. Say no to useless multiple trucking business policies and partial coverage.

One amazing feature is that you can choose from a policy with full coverage for your driver, cargo, uninsured motorist, trailer or equipment, etc.

We like the fact that we can see an online quote, use the chat function on the site, or speak directly with a personal insurance advisor who will help you find the right policy for your business. Pricing and types of custom coverage needs are furnished when you talk to an insurance advisor about your special business insurance needs.

best commercial truck insurance companies

4. OOIDA

Best For Small Businesses

Owner-Operator Independent Drivers Association (OOIDA)  has a lot of pocket-friendly insurance options for small owner operators and small businesses.

Our reviewers found out that OOIDA was founded in 1973 as a trade association for small and professional truckers.

OOIDA has a membership-based system that supports truckers i.e. benefit of being a member is that it provides you access to discounts to more than 90 manufactures and service providers throughout America.

During our review, we found out that commercial truck insurance depends on various variables like type of coverage, vehicle type, load type, driving record, etc. You can apply for the policy over the phone and connect with an agent who will recommend and customize the policy according to your business needs. Your agent will give you more details about the policy and the qualification criteria.

Features:

  • Online presence is lackluster
  • Best for small truckers and owner-operators
  • Affordable insurance rates

REASONS TO USE

  • Competitive insurance rates
  • In-house underwriting
  • Advocacy efforts for small-business truckers

REASONS TO AVOID

  • No online quotes
  • ew negative customer reviews
  • Website isn’t as high-tech as some of the other companies

VERDICT:

Owner Operator Independent Drivers Association (OOIDA) was formed in 1973 as an international trade association for professional truckers. The membership fee for joining OOIDA is $45 per year and they have over 150,000 members.

OOIDA represents the small commercial truckers. Our experts also found out that OOIDA provides small owner-operators with commercial truck insurance and health insurance for truckers and their families.

In our review, we found out that OOIDA provides primary and general liability, passenger accident, and motor truck cargo. physical damage coverage, OOIDA gives coverage for a leased owner operator and owner operators.

We found out during our market research truckers give full marks for customer service, they feel that polices are affordable. Truckers also feel that they are proactively represented by OOIDA.
Some negative reviews arise due to the lack of responsiveness and higher policy prices quoted.

best commercial truck insurance companies

5. State Farm

Best Customer Service

It doesn’t matter you are looking for single commercial insurance or for an entire fleet. Our experts recommend State Farm if you are looking for a good customer experience. It also received below-average customer complaints compared to other commercial insurance providers (Small Commercial Insurance Study.)

Features:

  • Available Pan America
  • Very receptive customer support
  • Coverage for the single truck owner and fleets
  • Multiple offers like (accident-free offer)
  • Quotes tailored to vehicles you use and circumstances you face

REASONS TO USE

  • High consumer satisfaction ratings
  • Coverage for individual or fleet vehicles
  • Available in all 50 states

REASONS TO AVOID

  • Limited information online
  • No online quotes
  • Need to work with an agent

VERDICT:

State Farm tops the customer satisfaction ratings with below-average consumer complaints. State Farm earned the number-two spot for overall customer satisfaction in the 2020 J.D. Power U.S.

Through State Farm, truckers can buy commercial truck insurance whether it be a single truck or fleet. They provide insurance pickup trucks, tractor-trailers, box trucks, and more.

Our experts were satisfied by State Farms offerings that are:- personal injury protection (PIP), liability, collision, comprehensive, uninsured/underinsured motorist coverage, and medical payments.

State Farm provides a mix of strong customer reputation, quality coverage, and financial strength that other insurers can’t match.

best commercial truck insurance companies

6. The Hartford

Best for Fleets

Hartford has multiple special programs and discounts tailored for fleets. This makes Hartford the best commercial truck insurance for fleets. It has been around since 1810, it offers commercial insurance protection in 50 states. Hartford is one of the best fleet insurance companies.

From Hartford, you can purchase general liability, property, workers comp, umbrella, and excess liability coverage for your commercial trucks.

Vehicles covered include Dry freight and refrigerated trailers, snowplow attachments, trailer manufacturers, ambulances, dump trucks, refuse trucks, fire trucks.

The FleetAhead management program of Hartford helps you sync risk management with technology, helping you reduce loss and ensure safety while also improving driver performance.

Features:

  • Best for fleets and big trucking companies
  • Many types of trucking policies umbrella coverage
  • Special Risk Engineering services for fleets

REASONS TO USE

  • Fleet-specific programs, devices, and discounts
  • Available in all 50 states
  • Many complementary coverages
  • Special Risk Engineering services for fleets

REASONS TO AVOID

  • No online quotes
  • Limited options for single-vehicle customers

VERDICT :

Our experts say that single truck owner operators will find it difficult to work with Hartford because their policies and operations are tailored for muti-line accounts. This is Hartford is better suited for fleets with multiple vehicles on road.

Hartford doesn’t provide online quotes, so you’ll have to ring up and chat with an agent to know more info or pricing.

As an owner operator, we found out that you stand to gain with additional free coverages provided by Hartford. The additional coverages include glass repair deductible waiver, coverage for leased and loaned vehicles, one-deductible-for-two coverage, and waiver of subrogation, etc.

best commercial truck insurance companies

7. Sentry

Best For Single Truck Owner Operators

Our review team was delighted to find out that Sentry provides custom-fit insurance policies industry knowledge-based free consultation and personal service, especially to single truck owner-operators.

Sentry is a small commercial trucking insurance company but they offer service through their network of  65 agencies in all the 50 US states.

Policies are available to large fleets, single truck owner-operators, and everyone in-between. Sentry currently insures more than 37,000 truckers, offering a range of liability, comprehensive, physical damage, collision, motor truck cargo, and non-trucking liability (personal use) coverage, etc.

Sentry doesn’t outsource their claims handling, they staff their own claims adjusters who specialize in trucking risks.

Features:

  • Custom policies for small owner-operators
  • Pan American coverage
  • Best in-person service and consultation for small owner operators and truckers

REASONS TO USE

  • Flexible coverage options
  • Available in all 50 states
  • Specializes in coverage for owner-operators and personal use liability

REASONS TO AVOID

  • Limited online information
  • No online quotes are available
  • Need to work with a local agent
  • Smaller company

VERDICT:

Sentry believes in tailor-making insurance consultation, documentation, and buying process for small owner operators. We found that they will provide you with the exact fit policy according to your needs and requirements as a small trucking business.

Sentry also has knowledgeable claims staff who gets trucking nuances (and your challenges or needs as a small trucker). Sentry also offers certified directors of safety with spotless industry experience of 15 to 20 years.

This level of specialization and expertise, that helps non-fleet small trucking business owners, makes Sentry a top contender for the best small trucking business insurance provider.

During our testing, we found that claims can easily be filed over the phone, and after filing policy status can be checked online without hassle.

Sentry boasts an A+ AM Best rating and a below-average number of consumer complaints, according to the NAIC.

best commercial truck insurance companies

8. Evolution Insurance Brokers (EIB)

Best For High Risk Hauling

Evolution Insurance Brokers (EIB) offers policies to high-risk customers and that other company may not insure. It offers specialized high-risk policies for commercial trucking businesses.

Customers may be deemed high risk due to poor driving records, carrying hazardous cargo, short time in business, or previous legal issues.

Polices from EIB include truck liability coverage, motor truck cargo, hired and non-hired vehicles, and even non-owned trailer liability for companies that rent trailers.

Customer support is A class you can fill out an online application, touch base with an agent who will customize your policy according to your needs. The customer support advisor will answer policy-related queries, point out the requirements to fulfill to get a policy, and also let you know about the pricing of your specific policy.

Features:

  • Offers coverage for high-risk customers 
  • Really knows the trucking industry
  • Provides coverage for truck liability, physical damage, hired and non-hired vehicles, motor truck cargo, and even non-owned trailer liability.

REASONS TO USE

  • Specializes in short- and long-haul truck insurance
  • Really knows the trucking industry
  • Has a smartphone app

REASONS TO AVOID

  • Lesser-known company
  • Prices for high-risk policies may be higher

VERDICT:

Our experts say that the unique selling proposition of EIB is that they specialize in policies with difficult risks or those who can’t get insurance any other place due to past legal issues, hazardous cargo, or other situations that make getting insurance difficult.

Our reviewers found that EIB policies are more expensive than other insurances because of the circumstances or risk profile it tries to cover. Those who are rejected by a traditional insurance company can go for a policy with EIB.

Better Business Bureau rates EIB a C+ due to the company not answering its complaints.

best commercial truck insurance companies
Top 11 Best Commercial Truck Insurance Companies in the USA 13

9. Nationwide

The Best Commercial Truck Insurance Company for New Drivers and Companies.

Nationwide is one of the oldest insurance companies in the USA founded in 1926 with 32000 employees and offices in every major city, county, and state. This large presence in all American states makes its offices easy to find also truckers can easily request quotes.

Owner-operators can find the insurance coverage that works for them wherever they are located in the US.

Our experts found out that one of the benefits of Nationwide insurance is its coverage. It provides coverages that are comprehensive, including auto liability, collision, and comprehensive insurance, medical payments, and uninsured and underinsured motorist insurance. To add to that owner-operators can buy additional coverage like motor truck cargo liability insurance

Nationwide policies don’t cover Semi-trucks and tractor-trailers. But their policies cover box trucks, pickup trucks, and utility trucks. They also provide farm truck insurance.

Our experts found that Nationwide has an intuitive and user-friendly insurance quote generator that allows you to enter information about your business and receive an estimate for the cost of a policy. You can also select additional coverages related to your business to address all your insurance needs in one go.

Truckers who bundle or purchase multiple policies from Nationwide get handsomely discounted. There are discounts for truckers who pay an annual balance in full also they provide discounts for truckers who install anti-theft devices. They also provide the best rates for newer drivers and companies

Features:

  • Presence all over the USA
  • Great online quote finding system.
  • A+ rating from both A.M. Best and S&P, along with an A1 rating from Moodys
  • The best rates for newer drivers and companies

REASONS TO USE

  • Box trucks, pickup trucks, and utility trucks are covered
  • Additional specific coverage for farm truck insurance
  • A+ rating from both A.M. Best and S&P, along with an A1 rating from Moodys
  • A convenient online quote system
  • Bundle insurance buying discount

REASONS TO AVOID

  • Semi-trucks and tractor-trailers are not covered
  • Low consumer satisfaction according to JD power 2021 U.S. Insurance Shopping Study,

VERDICT :

Our experts found that J.D. Power’s 2021 U.S. Insurance Shopping Study, Nationwide was rated an 846 out of 1,000 for customer satisfaction, which is the lowest for all the insurance service providers reviewed. In Auto Claims Satisfaction Study (vehicle insurance specific), Nationwide got a significantly above average rating.

Better Business Bureau (BBB) has given an A+ rating for Nationwide, it has also been accredited since 1955. BBB says Nationwide meets the highest standards for fair and ethical business.

Nationwide has a great financial strength rating from major credit rating agencies. Nationwide enjoys an A+ rating from both S&P and A.M. Best, along with an A1 rating from Moodys.

We find out that nationwide provides a variety of benefits and discounts for owner-operators and new trucking companies, While customer satisfaction ratings are sometimes low, 

Solid discounts, low costs for new drivers, and benefits for owner operators and new companies make Nationwide insurance the best Commercial Truck Insurance Company for  New Drivers and Companies.

best commercial truck insurance companies
Liberty Mutual Insurance

10. Liberty Mutual Insurance

Best for trucking businesses with multiple trucks

Liberty Mutual provides policies for both businesses and individuals. It’s the fourth-largest property and casualty insurer. It is 75th on the list of fortune 500 companies. It operates in 30 countries and employs close to 50,000 people. It has customized policies for commercial trucks and tow trucks. It also provides various risk mitigation options and discounts for trucking businesses with multiple drivers.

Liberty Mutual is one of the oldest and fourth-largest insurers in the US. It stands a class apart due to its long history, comprehensive coverage, financial stability, and international reach. 

It has a lot of complaints and a large number of negative reviews by customers. As its a traditional company it does not provide info about policies online, it prefers to deal with clients via meetings conducted by brokers/agents.

Features:

  • Fourth largest insurer in the US
  • International presence
  • Provide comprehensive coverage
  • Financial stable company, good credit ratings.

REASONS TO USE

  • App to upload a photo after an accident or event that may lead to insurance claims.
  • Additional coverage includes towing & labor costs
  • Standard & Poor’s Financial Rating:- A (credit rating)
  • Moody’s Financial Rating:- A2 (credit rating)
  • AM Best Financial Rating;- A (credit rating)

REASONS TO AVOID

  • No comprehensive data on insurance on the internet
  • Collision and Comprehensive insurance not provided
  • Only Cars SUVs, Pickup Truck, Utility Vans, Bucket Trucks covered

Verdict :

We found that Liberty Mutual provides technical options that can help speed the claims process, like mobile and web apps, etc.

Our review team found out that Liberty Mutual provides services that mitigate risks involved in commercial driving, such as safety training for operators, and a tool to monitor driver performance and possible unsafe driving behavior.

We found that the best way to get discounts for new clients and policyholders is to pay the premiums in full. also, the company provides multi-policy and multi-car discounts.

Customer reviews for Liberty Mutual include an A grade in Better Business Bureau (BBB). There are about 1.187 complaints and 238 negative reviews on the BBB site. The National Association of Insurance Commissioners (NAIC), has a lot of complaints about Liberty Mutual. Also, NAIC has 6 filings involving Liberty Mutual’s commercial auto products.

Geico truck insurance 1
Liberty Mutual Insurance

11. GEICO Truck Insurance

Best comprehensive insurance coverage for fleets & small truckers

Geico was founded in 1930 it offers a wide range of products at competitive prices. Geico’s truck insurance covers physical damages, collision coverage, medical payments, and property damage liability.

Geico is available in all 50 states through its field representatives, local agents via phone or website.

We found out that commercial truck insurance issued by GEICO is available for any fleet size and all types of commercial vehicles like Vans, SUVs, Trucks, and more, making it a good fit for any business.

Applying commercial truck insurance is simple and intuitive with GEICO’s online service. GEICO has a very strong financial reputation making it the best choice for small and medium businesses to take trucking insurance from.

We in our research found out that GEICO comes with all of the standard insurance coverage options provided by insurance companies. The company offers policies for trucks, vans, cars, and for all other types of vehicles used by small and medium or large businesses.

Polices come in various styles like combined single limit, medical payment, bodily injury liability, property damage liability, no-fault or personal injury, uninsured motorist coverage, comprehensive physical damage, and collision coverage.

Features:

  • Outstanding service
  • Online Policy Access
  • Competitive Rates

REASONS TO USE

  • Low complaints and above-average customer satisfaction for auto insurance shopping.
  • Robust website and mobile app.
  • Many discounts are available.

REASONS TO AVOID

  • Some coverage types are available only through partners.
  • Many discounts are available.
  • Doesn’t offer gap insurance.

Verdict :

Our reviewers found that GEICO’s commercial truck insurance covers bodily injury or death resulting from an accident, also offers protection when the policyholder accidentally damages another person’s property and also pays the legal fees in most cases. 

They also pay the medical expenses of the passengers or drivers regardless of whose fault it is, also they pay for property damage caused by uninsured or hit and run drivers.

And comprehensive coverage includes damages caused by fire, theft, flood,  vandalism, and other covered perils

GEICO provides handsome discounts on its commercial insurance policies. discounts premiums and deductibles vary according to the state rules, inclusion, amount of coverage, business type, and the number of employees.

We found that GIECO’s clients can ask for a comprehensive quote using its website or a local agent.

With nationwide availability and a raft of discounts, Geico is a popular and often affordable choice for car insurance.

The above is the list of the top 11 best commercial truck insurance companies in the US. We have tried to answer what is the best commercial truck insurance? The cover wallet is the clear winner here due to ease of use, transparency, affordability, and choice.

FAQ Best Commerical Truck Insurance Companies:

What is the cost of commercial insurance?

Our experiences in 50 states indicate that a commercial truck insurance cost range might be $12,000 to $20,000 per truck for 12 months.

What are some of the factors that dictate the price of a commercial truck insurance policy?

Factors that dictate the price of a commercial truck insurance policy are your age, driver history of accidents and moving violations for the past three years, years of CDL experience, the radius of your operation, cargo being hauled If the owner is a driver, state of domicile, coverage limits, years in business, age and value of the equipment.
Plus insurance companies pull up your credit to see risk, and if you are below 25 years old you will be seen as a high-risk candidate.

Do you need CDL experience to get commercial truck insurance from insurance companies?

We found that only a few insurance companies ensure you with less than 2years of CDL experience. Also, your age and credit history plays a huge role in your insurance premium. 

Can a non-driver without a CDL license start a trucking company?

Yes, but not all insurance companies will insure a company whose promoter is without CDL licensed. Plus the insurance premium would be on the higher side for these ventures.

Can you get owner-operator insurance for a new venture?

At MaxTruckers insurance consulting we provide new owner-operators/fleets industry-specific insurance policies. We will help you to get your new venture safely off the ground with the lowest possible insurance premium, which makes you compliant with FMCSA mandates so that you can make money fast.

What is Auto Liability (AL) coverage?

Auto liability (AL) is the insurance coverage paid by the insurer for a combination of bodily injury and property damage to third parties. It’s third-party protection insurance mandated by FMSCA. The minimum coverage of AL for for-hire truckers is $750,000.
Often, however, $1,000,000 in auto liability is required depending on the cargo you haul and vendor requirements

What insurance do I need for my trucking business?

Auto Liability:
The minimum coverage limit is $750,000 but it is more common to carry $1,000,000 in coverage since most brokers/vendors require the higher limit.
Cargo Insurance:

This pays for the damage or loss of cargo you are carrying. Shippers/brokers/customers ask you for cargo insurance, it’s not a legal mandate. A common coverage limit is $100,000 for general freight but can vary based on the type of cargo and vendor/broker requirements.
Physical Damage:
Regardless of whose fault, if you take physical damage insurance you get covered for collison or comprehensive coverage. Collision coverage typically pays for colliding with someone. Whereas comprehensive coverage covers acts of god-like hurricanes, fires. Hail storms etc
The insurance company pays for the damage to your equipment/trailer/tractor.
General liability:
Motor Truck General Liability Insurance provides the following coverages:
Bodily injury and property damage liability
Personal injury and advertising injury liability
Medical payments
Products and completed operations
Damage to premises rented to you

What insurance coverage do I need when I am starting a trucking business?

Physical Damage Coverage
Deductible Non-Owned Trailer Coverage
Motor Truck Cargo
Commercial Auto Liability
We can help you to decide what type of insurance you need as a beginner in commercial trucking. Please leave a message and our MaxTruckers will connect with you and let you know what coverage and insurance types you should take as a new trucking business.

As a newbie trucker, what type of insurance do I need?

You will probably need commercial auto liability, physical damage coverage, motor truck cargo insurance, bobtail insurance, occ/acc insurance, and non-owned trailer coverage.

Is coverage for personal items in my truck available to drivers?

Yes, Many of the insurers have an option to include coverage for these items. It is done through the physical damage coverage

Which type of trucking coverage do you need to repair the damages caused by an accident?

Physical damage insurance protects truck drivers in the event of an accident. This type of insurance is also called collision insurance.

Other urgent requirements for a owner operator

Firstly, there are a few operational adjustments an owner operator should make while he/she is in the nascent stages of operation. Like enlisting a dispatcher to help you get good and well-paid loads.

Secondly, you need to enlist a factor that has competitive rates and above-par service quality to make your business financial bottleneck-free. This will help you to have a good cash flow and working capital.