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The Best Commercial Truck Insurance

Wondering if your business needs commercial trucking insurance? This guide to commercial truck insurance will answer all your questions and point you toward the best providers.

    Matt Sherman
  • Last updated onUpdated

  • Shelbi Wescott
  • REVIEWED BY

    Shelbi Wescott

    Managing Editor

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

The best commercial trucking insurance provides complete protection for your fleet of commercial trucks and everything you transport in them.

Does your business need commercial truck insurance? If so, how can you find the best provider? Not every insurance provider offers commercial truck insurance, but you have some great options. We found six great providers to help you start your search.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Progressive Commercial Insurance

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  • Available in 50 states + D.C.
  • 24/7 claims
  • Average cost of $736-$1,125/month
  • Available in 50 states + D.C.
  • 24/7 claims
  • Average cost of $736-$1,125/month

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The Hartford Small Business Insurance

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  • Available in 47 states + D.C.
  • Online and telephone claims
  • $2,500+/month
  • Available in 47 states + D.C.
  • Online and telephone claims
  • $2,500+/month

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State Farm

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  • New policies available in 48 states + D.C.
  • 24/7 telephone claims
  • Pricing by personalized quote only
  • New policies available in 48 states + D.C.
  • 24/7 telephone claims
  • Pricing by personalized quote only

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Nationwide Commercial Insurance

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  • Available in 40+ states
  • 24/7 claims
  • Pricing by personalized quote only
  • Available in 40+ states
  • 24/7 claims
  • Pricing by personalized quote only

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Milepost Insurance

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  • Available in 30 states
  • 24/7 claims
  • Quotes in 15 minutes or less
  • Available in 30 states
  • 24/7 claims
  • Quotes in 15 minutes or less

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Show Fewer Options

Read more below to learn why we chose these options.

The 6 Best Commercial Trucking Insurance Providers

The best commercial truck insurance providers offer the protections your trucking business needs, at a price you can afford.

Top Commercial Trucking Insurance Providers Compared

Not Available InOnline Quotes
Progressive Commercial InsuranceAvailable Everywhere
The Hartford Small Business InsuranceAlaska, Hawaii, or Louisiana
State FarmMassachusetts & Rhode Island
Nationwide Commercial InsuranceAlaska, Hawaii, Louisiana, Massachusetts
Milepost Insurance18 states, primarily in the Northeast

Progressive Commercial Insurance: Best Overall Commercial Truck Insurance

Progressive Commercial Insurance


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Pros

  • Available nationwide
  • Range of truck types covered
  • Discounts available

Cons

  • Inconsistent customer reviews

Why We Chose Progressive As Best Overall Trucking Insurance

Rated the number-one truck insurer by S&P Global Intelligence in 2021, Progressive continues to offer a full range of policies aimed at trucking companies. Offering several kinds of discounts on its policies, Progressive offers reliable coverage at an attractive price. You'll also find 24/7 claims assistance with in-house adjusters and a network of pre-approved repair shops that give Progressive customers priority status.

Progressive is rated A+ by A. M. Best, A by the Better Business Bureau, AA with Standard & Poor, and Aa by Moody's Investors Services.

Progressive Commercial Trucking Pricing

Most insurance providers offer custom pricing, and they hesitate to share pricing information outside the personalized quote process. We give Progressive full marks for pricing transparency because this is one provider that shares information online.

Progressive analyzed two groups of new trucking policies sold in 2022: for-hire transport (truckers who haul goods) and for-hire specialty (those specializing in a niche, such as garbage or logging).

On average, Progressive policies for commercial truck insurance cost $736/month for specialty truckers and $1,125/month for transport truckers. The price of your policies will depend on a variety of factors, including your cargo type, operating radius, driving record, and more. You can get a fast personalized quote from Progressive online or by phone.

You can obtain a price discount of up to 15% if you pay your Progressive Insurance bill annually instead of monthly. Discounts are available if you’ve had your CDL for at least two years and have been in business for three or more years.

Progressive Policies For Commercial Trucking

Progressive Insurance offers a full range of small business insurance policies. Here are some truck-specific policies you can get from Progressive:

  • Motor truck cargo
  • Motor truck general liability (available only as an addition to a Progressive commercial auto policy)
  • Non-trucking liability
  • Rental reimbursement with downtime
  • Trailer interchange

Types Of Trucks Progressive Covers

Progressive writes commercial truck insurance policies for owner-operators, for-hire truckers, and private carriers. Insurance is available for the following types of trucks:

  • Tractors
  • Pickup trucks
  • Tow trucks
  • Box trucks
  • Dump trucks
  • Agriculture trucks
  • Bucket trucks
  • Catering trucks
  • Cement mixers
  • Flatbeds
  • Front-loaders
  • Garbage trucks
  • Ice cream trucks
  • Pump trucks
  • Refrigerated trucks
  • Stake body truck
  • Street sweeper
  • Tank trucks

Best For...

  • Trucking companies that want discounts and 24/7 claims service

Get Started With Progressive Commercial Insurance

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The Hartford Small Business Insurance: Best Commercial Truck Insurance For Specialty Trucks

The Hartford Small Business Insurance

Total Rating 4.3
Pricing4.5

Features5.0

Customer Service3.0

User Reviews3.0

Pricing

Varied. Average general liability is $88/month

Types of insurance offered

30+ policy types

Time to receive quote

Usually same-day

Pros

  • Suitable for fleets
  • Aimed at specialty trucks
  • Fast price quotes

Cons

  • Not available in Alaska, Hawaii, or Louisiana
  • May not be suitable for small businesses

Why We Chose The Hartford For Best Commercial Truck Insurance

The Hartford is a top-rated insurer offering comprehensive insurance to businesses of all types and sizes. The Hartford's truck insurance is particularly well suited for small to large specialized truck equipment and trailer operations. Specifically, The Hartford aims to serve manufacturers, installers, and repairers of customized equipment added to a bare chassis to create a specialty vehicle.

The Hartford also courts trailer manufacturers, non-franchised trailer dealers, and auto body shops with tow operations of up to 50% of sales. The company says that its ideal truck insurance customer is one with insurance premiums that add up to $25K or more per month. That means The Hartford's policies are designed for companies seeking insurance for a fleet of trucks rather than for those with a single vehicle or two.

The Hartford Commercial Truck Insurance Pricing

Although The Hartford says its ideal commercial truck insurance customers will spend $25K/month or more to insure a fleet of trucks, premiums for individual trucks start at around $2,500/month with vehicle limits up to and above $1 million.

The Hartford provides personalized price quotes based on your business details and insurance needs. You can start your application online and expect to receive your personalized quote within 16 business hours of the time your request is acknowledged.

The Hartford Policies For Commercial Truckers

You can sign up for the following types of commercial truck coverage with The Hartford:

  • Motor truck cargo
  • Separate limits for named shippers
  • Separate limits for specific trips
  • Inland marine
  • Umbrella
  • Dealer plates
  • Newly acquired property
  • Business income
  • Business income for off-premises utility services coverage
  • Property in transit
  • Accounts receivable
  • Loss of use
  • Multinational

The Hartford specializes in risk-reduction engineering and has a dedicated risk engineering team to perform exposure evaluations and provide recommendations for improving your business security and safety.

Types Of Trucks The Hartford Covers

The Hartford’s commercial truck insurance is aimed at specialized truck businesses. The company lists businesses that install or repair equipment on specialized vehicles like the following:

  • Dry freight trailers
  • Refrigerated trailers
  • Dump trucks
  • Refuse trucks
  • Fire trucks
  • Ambulances

Best For...

  • Trucking companies with varying types of vehicles

Get Started With The Hartford Small Business Insurance

Read our in-depth review

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State Farm: Best Commercial Truck Coverage For Small Operations

State Farm


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Pros

  • New policies available in 48 states
  • Excellent company reputation
  • Local agents

Cons

  • Some truck-specific policies lacking

Why We Chose State Farm For Best Commercial Truck Insurance

Some insurers on this list of the best commercial truck insurance are focused on large fleets, but not State Farm. If you have a smaller business with just one truck or a few, you can take advantage of State Farm's stellar reputation for service and its financial stability.

State Farm has earned an A++ rating from A.M. Best, the highest available from the credit rating agency. It's also rated AA by S&P Global Ratings. State Farm was also recently ranked number one for customer satisfaction in an Investopedia report.

State Farm Pricing For Commercial Truckers

State Farm does not make its pricing public. You’ll need to ask for a personalized price quote.

The cost of your State Farm coverage depends on how many vehicles your business operates, their value, your industry, and how many miles you drive.

State Farm Policies For Commercial Truckers

State Farm takes a slightly different approach to commercial truck insurance, marketing its coverage as distributors insurance. That indicates this insurance is aimed at cargo and delivery operations. State Farm’s distributors insurance package starts with these types of coverage:

  • Property
  • Business liability
  • Loss of income
  • Motor truck cargo
  • Employee dishonesty
  • Computer property
  • Equipment breakdown

State Farm recommends that customers work directly with an agent to discover if additional policies like the following make sense:

  • Commercial auto
  • Workers compensation
  • Commercial liability umbrella

Types Of Trucks State Farm Covers

State Farm covers many different types of vehicles, including trucks, vans, refrigerator trucks, catering trucks, farm vehicles, and more.

Best for...

  • Smaller or independent trucking companies

Get Started With State Farm

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Nationwide Commercial Insurance: Best Commerical Truck Insurance For Public Auto

Nationwide Commercial Insurance

Total Rating 4.4
Pricing4.1

Features5.0

Customer Service4.1

User Reviews4.4

Pricing

By personalized quote only

Types Of Insurance Offered

BOP + specialized coverage

Time To Receive A Quote

Approximately 30 minutes

Pros

  • Specialty coverage available
  • Deductible reductions for claims-free customers
  • Policies available for many types of commercial vehicles

Cons

  • Not available in all states

Why We Chose Nationwide For Best Commercial Truck Insurance

Nationwide offers a full range of commercial trucking insurance policies. In addition to fleet insurance, Nationwide singles out public auto businesses that provide transportation for members of the public, like taxis, limousines, and buses.

If your business auto insurance needs fall within that description, Nationwide could be a good company to start your insurance search with.

Nationwide Commercial Truck Insurance Pricing

Nationwide pricing information is available by custom quote only. You can request your custom quote online or by phone. If you phone in for a quote, you’re likely to receive it within 30 minutes.

Nationwide has two pricing policies commercial truck customers will find beneficial. First, you’ll be able to set and pay a single deductible for combined physical damage and cargo losses, potentially saving you money in the event of a claim. Nationwide also has a “diminishing deductible” policy. That means your deductible will be reduced by a percentage for each claim-free year, starting with your second year of coverage.

Nationwide Policies For Commercial Truckers

Nationwide’s business insurance offerings are second to none, with all the basic coverage types and many specialty policies. Additional types of coverage aimed at commercial truck customers include:

  • Physical damage
  • Cargo
  • Bobtail
  • Earned freight
  • Broadened reefer breakdown
  • Auto liability
  • Downtime expenses/loss of business income
  • Electronic equipment
  • Loan or lease gap
  • Personal effects
  • Towing
  • Windshield

Types Of Trucks Nationwide Covers

You can find Nationwide coverage for all kinds of commercial vehicles, including:

  • Limousines
  • Taxicabs
  • Car services
  • Buses
  • Vanpools
  • Ambulances
  • Nonemergency medical transport
  • Service vehicles
  • Farming vehicles
  • Parade vehicles
  • Residential waste haulers
  • Private haulers
  • Last-mile delivery vehicles
  • For-hire trucks
  • Containerized freight
  • Livestock transportation
  • Non-hazardous liquid and dry tanks
  • Auto haulers
  • Coal haulers
  • Dump trucks
  • Hotshots
  • Hazardous materials haulers
  • Household goods movers
  • Mobile home movers
  • Logging/pulpwood
  • Oilfield equipment
  • Refulse, waste, and scrap haulers
  • Towing
  • Truck driving schools

Best For...

  • Public auto companies

Get Started With Nationwide Commercial Insurance

Read our in-depth review

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Milepost Insurance: Best Commercial Truck Insurance For Tractor-Trailers

Milepost Insurance


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Pros

  • Highly rated and reliable
  • Fast quotes
  • Many truck types covered

Cons

  • Not available nationwide

Why We Chose Milepost For Best Commercial Truck Insurance

Milepost Insurance is a reliable insurer offering a full range of commercial truck insurance. Beyond the basics, Milepost stands out for its focus on trailer insurance. Other insurance companies cover trailers, but we haven't seen one that specializes in trailers the way Milepost does.

Although it's not as familiar a name as some others on this list, you can rest assured that Milepost is a reliable company. Not only has it earned the highest financial stability rating of A++ by A.M. Best, but this insurance company is owned and backed by the multinational conglomerate Berkshire Hathaway Inc. and all its resources

Milepost Trucking Insurance Pricing

Milepost offers pricing information by personal quote only. You can call or apply online. If you call, the company says you’ll have a quote within 15 minutes.

You can also access a certificate of insurance coverage online 24/7. That lets you provide instant proof to freight brokers and shippers.

Milepost offers a friendly feature for trucking companies, offering to handle insurance filings on your behalf. This includes:

  • Federal filings BMC-91 and BMC-91X
  • MCS-90 endorsement
  • State Form E
  • Oversize and overweight (OS-32)
  • Uniform Intermodal Interchange Agreement (UIIA) certificate

Milepost Policies For Commercial Truckers

Milepost offers customized coverage for your business. Policies aimed at trucking businesses include:

  • Auto liability
  • Physical damage
  • Comprehensive and collision
  • Personal injury protection (PIP)
  • Cargo
  • General liability
  • Trailer interchange
  • On-hook/in-tow
  • Garage keeper’s liability

Types Of Trucks Milepost Covers

Milepost covers many operational categories. These are listed on the website:

  • New authorities and new USDOTs
  • New CDL drivers
  • Team driving and slip-seat driving
  • Owner-operators
  • Less-than-truckload (LTL) and truckload (TL)
  • Local and long-haul
  • Over the road truckers (OTR)
  • Interstate and intrastate
  • Contract and common trucking
  • For-hire and not-for-hire

Here’s a list of the types of vehicle trailers Milepost covers:

  • Car carrier trailers
  • Dry van trailers
  • Dump trailers
  • Flatbed trailers
  • Gooseneck trailers
  • Intermodal trailers
  • Log trailers
  • Lowboy trailers
  • Refrigerated trailers

Milepost covers more than trailers, so don’t overlook this company if you operate these types of commercial vehicles:

  • Tractors
  • Dump trucks
  • Box trailers
  • Tow trucks
  • Pickup trucks
  • Cargo vans
  • Buses
  • Passenger vans and sedans
  • Bucket trucks
  • Auto transporters
  • Catering trucks
  • Cement mixers
  • Flatbed trucks
  • Pump trucks
  • Refrigerated trucks
  • Stake body trucks
  • Step vans
  • Roll-on vehicles

Best For...

  • Businesses that want a company that specializes in trucking insurance

Get Started With Milepost Insurance

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Business Insurance Review Methodology

Merchant Maverick has been researching and reviewing business insurance since 2020. Our writers have tested over twenty different major insurance companies. In each review, we evaluate pricing, features, customer service, and user reviews.

Read more about how we rate business insurance providers.

When comparing different business insurance companies, we consider many data points, including relative pricing, the number of standard insurance policies available, and the ability to create custom policies. Our lists of the best business insurance providers include only those we’ve deemed worthwhile from multiple vantage points and often share qualities such as low cost, a variety of niche business insurance policies, multiple ways to file claims, and excellent customer support.

We spend an average of 10-15 hours researching and updating each one of our lists, ensuring that the business insurance companies included meet our internal standards for quality and reputation.

Commercial Trucking Explored

Commercial truck insurance is a type of commercial auto insurance. More specifically, it’s a bundle of insurance policies that offer comprehensive protection for trucking businesses and independent owner-operators. The exact combination of insurance your business needs depends on the specifics of your operation.

Here are some common elements you can include in your commercial truck coverage:

  • Primary Liability Truck Insurance: Just as personal auto insurance is legally required, you may be required to carry commercial auto liability insurance if your business involves trucking. The Federal Motor Carrier Safety Administration (FMCSA), a part of the US Department of Transportation, enforces strict requirements for coverage between $750K and $5 million that vary depending on the types of cargo you carry and where you carry it. Factors include truck weight and size as well as cargo hazards.
  • General Liability Truck Insurance: You can add extra coverage to pay for damages done to someone else’s property. This may also protect you from lawsuits involving slander, libel, and false advertising claims.
  • Physical Damage Coverage: You’ll need an additional policy to cover damage to your truck and equipment in an accident or disaster. This type of coverage is voluntary.
  • Non-Trucking Liability: This type of coverage adds protection when you use your truck for a non-business purpose.
  • Bobtail Insurance: This type of coverage covers you when your truck is being driven without a trailer attached.
  • Motor Truck Cargo Insurance: The value of your cargo could exceed the value of the truck that’s hauling it. If you want to insure it against loss or damage, you’ll need a separate cargo insurance policy. This type of cargo insurance is not available in every state or for every trucking situation. Talk to your insurance agent to see if it’s a good idea for you.
  • Rental Reimbursement With Downtime: This policy kicks in when your vehicle is kept off the road because of an accident. It helps you recover the costs of renting a vehicle, helps you make your truck payments, and covers other bills.
  • Trailer Interchange Coverage: If you routinely use your trucks to haul trailers that you do not own, this type of insurance protects you if the trailer becomes damaged due to a collision, theft, fire, explosion, or vandalism.

Who Needs Commercial Trucking Insurance?

Commercial truck insurance is not the same as commercial auto insurance. Even if you routinely use work vehicles, including trucks, for your business, you may not qualify for commercial truck insurance.

If you and/or your employees haul cargo within the state where you do business, you may need only general liability. Interstate haulers who use large semi-trucks to haul cargo through multiple states may be subject by state or federal authorities to a different set of insurance requirements.

The Federal Motor Carrier Safety Administration (FMCSA) requires certain insurance minimums before you’re allowed to register as a hauler with the FMCSA. If you’re planning to transport interstate cargo, either independently as an owner-operator or through lease agreements with employees, you must acquire FMCSA authority to do so. Once you receive valid Motor Carrier (MC) and Department of Transportation (DOT) numbers, you’ll have 90 days to acquire the appropriate insurance.

Final Verdict

Hopefully you have a better idea of what to expect from a variety of companies when it comes to insuring your trucking business. There are many  companies that can give you a wide range of coverages depending on your various needs but you’ll need to decide if you want to go with one of the larger firms that may have more resources at their disposal, or a more niche insurance company that can give you some customized plans.

Thanks for checking us out and be sure to look at some of our other insurance blogs if you have any additional questions!

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Matt Sherman

Matt Sherman

Lead Staff Writer at Merchant Maverick
Matt has been helping small businesses make decisions since 2017. He has written reviews and articles across many different channels but specializes in the point of sale, payroll, and small business insurance categories and has been quoted in articles for Fox Business, Forbes, and other publications. Prior to joining Merchant Maverick, Matt was a journalist and editor for 14 years for a pair of weekly newspapers. He is a graduate of the University of Oregon and currently resides in Gladstone, Oregon.
Matt Sherman
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