Advertiser Disclosure

💳 Save money on credit card processing with one of our top 5 picks for 2024

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.

    Kymberlin Bush
  • UPDATED

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. While commercial trucking companies should consider adding many of the most common types of business insurance, they also need to add some truck-specific insurance policies.

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.

What Is Commercial Truck Insurance?

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.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Progressive Commercial Insurance

Read More

  • 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

Visit Site

Read More

The Hartford Small Business Insurance

Read More

  • 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

Visit Site

Read More

State Farm

Read More

  • Available in all states + D.C.
  • 24/7 telephone claims
  • Pricing by personalized quote only
  • Available in all states + D.C.
  • 24/7 telephone claims
  • Pricing by personalized quote only

Visit Site

Read More

Freeway Insurance

Read More

  • Available in 7 states
  • Not involved in claims
  • Pricing by personalized quote only
  • Available in 7 states
  • Not involved in claims
  • Pricing by personalized quote only

Visit Site

Read More

Nationwide Commercial Insurance

Read More

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

Visit Site

Read More

Show More Options
Milepost Insurance

Read More

  • 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

Visit Site

Read More

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. We think that Progressive, The Hartford, State Farm, Freeway Insurance, Nationwide, and Milepost have the right stuff. Read on to learn what makes these truck insurance providers the best in the business.

Progressive: Best Overall Commercial Truck Insurance

Progressive Commercial Insurance


Visit Site


Pros

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

Cons

  • Inconsistent customer reviews

Why We Chose Progressive For The Best Commercial Truck 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 Policies For Commercial Truckers

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

Progressive Pricing For Commercial Truckers

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.

Get Started With Progressive Commercial Insurance

Jump back to comparison chart

The Hartford: Best Commercial Truck Insurance For Specialty Trucks

The Hartford Small Business Insurance


Visit Site

Pricing

Varied. Average general liability is $88/month

Types of insurance offered

30+

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 The 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 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

The Hartford Pricing For Commercial Truckers

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.

Get Started With The Hartford Small Business Insurance

Read our in-depth review

Jump back to comparison chart

State Farm: Best Commercial Truck Coverage For Small Operations

State Farm


Visit Site


Pros

  • Available around the US
  • Excellent company reputation
  • Local agents

Cons

  • Some truck-specific policies lacking

Why We Chose State Farm For The 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 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.

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.

Get Started With State Farm

Jump back to comparison chart

Freeway Insurance: Best Commercial Truck Insurance For High-Risk Operators

Freeway Insurance


Visit Site


Pros

  • Specializes in insurance for high-risk drivers
  • Broker compares policies, costs from multiple providers
  • Many kinds of commercial vehicles covered

Cons

  • Not available in all states

Why We Chose Freeway Insurance For The Best Commercial Truck Insurance

Let’s start with this understanding: Freeway Insurance is an insurance broker, not an insurance provider. Insurance brokers work with multiple providers on your behalf, looking for the best policies to meet your needs.

While you can find a number of insurance brokers ready to help you find commercial truck coverage, Freeway stands out by catering to high-risk drivers. If you’ve had multiple speeding tickets, an at-fault accident, or a DUI citation and still need truck insurance, Freeway is a standout option.

Although Freeway Insurance is available in all 50 states, its commercial vehicle insurance seems to be available only in Arizona, California, Florida, Illinois, Nevada, New York, and Texas.

Freeway Insurance Policies For Commercial Truckers

You can customize your Freeway commercial truck insurance coverage to suit your vehicles and your business model. As an example, pickup truck insurance includes optional coverage for utility trailers, horse trailers, and medium-duty trailers, while box truck insurance comes with optional motor truck cargo coverage. Seasonal coverage may be available if you use your vehicles only for part of the year.

The following types of protections are typically included in Freeway commercial truck policies:

  • Liability for property damage and bodily injury
  • Collision coverage
  • Comprehensive coverage
  • Medical payment and funeral expenses
  • Uninsured/underinsured motorist
  • Personal injury
  • Non-owned auto coverage
  • Liability for loading/unloading incidents
  • Towing

Types Of Trucks Freeway Covers

Freeway’s commercial truck insurance policies cover the following types of vehicles when they are used for business purposes:

  • Regular cars and SUVs
  • Pickup trucks and vans
  • Snow plows
  • Trucks and semi-trucks
  • Hired auto
  • Box trucks
  • Dump trucks
  • Tow trucks
  • Food trucks
  • Taxis and limousines

Freeway Pricing For Commercial Truckers

Freeway Insurance offers free quotes over the phone or online. If you live near an office, you can stop by to ask for a quote.

Keep in mind that Freeway is an insurance broker, so the company will reach out to its insurance partners for pricing information on your behalf. You can expect to receive multiple price quotes from these partners. That leaves you free to choose the insurer that best meets your needs and budget.

Get Started With Freeway Insurance

Jump back to comparison chart

Nationwide: Best Commercial Truck Insurance For Public Auto

Nationwide Commercial Insurance


Visit Site

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 Insurance For The 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 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

Nationwide Pricing For Commercial Truckers

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.

Get Started With Nationwide Commercial Insurance

Read our in-depth review

Jump back to comparison chart

Milepost Insurance: Best Commercial Truck Insurance For Tractor-Trailers

Milepost Insurance


Visit Site


Pros

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

Cons

  • Not available nationwide

Why We Chose Milepost Insurance For The 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 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

Milepost Pricing For Commercial Truckers

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

Get Started With Milepost Insurance

Jump back to comparison chart

Our Methodology For Choosing The Best Trucking Insurance Providers

Commercial truck insurance is a specialty product and not all insurance companies offer it. To find the best commercial truck insurers, we looked at a dozen providers and chose the companies with the best range of policies and reputations.

We also consider unincentivized reviews from actual customers who post on review sites.

Information was gathered from each company’s website and company records. Information is reviewed by our editorial team for accuracy.

How Much Does Commercial Truck Insurance Cost?

As with all insurance products, the cost of insurance depends on personal factors unique to each business, and price quotes will be personalized for you. When it comes to commercial truck insurance, these factors include the types of trucks, your location, your driving radius, the number of employees, the types of cargo, and so on.

Your driving record and your drivers’ records will also be factors.

According to the National Independent Truckers Insurance Company, the average monthly cost for transport truckers starts at $650 and at $1,000 for specialty truckers. Other factors affect your rates. For example, trucks weighing over 26,000 pounds require additional coverage, and interstate truckers fall under the US Department of Transportation guidelines and may have to carry additional liability protection. Rates vary widely by state, too.

The NITIC offers the following tips to reduce your truck insurance rates:

  • Hire experienced drivers with clean driving records.
  • Avoid risky routes.
  • Revamp old fleet vehicles.
  • Set a high deductible.
  • Avoid unnecessary add-ons.

We recommend gathering quotes from more than one insurance company. Trucking insurance is expensive, and you want to get it right. When you receive your quotes, make sure you’re doing an apples-to-apples comparison by looking not just at the dollar figures but also at deductible amounts, coverage limits, and so on.

Keep in mind, the average cost of an accident involving a truck is about $150K. Take truck insurance seriously and choose wisely.

Other Types Of Insurance A Commercial Trucking Business Needs

When your business involves transportation, it’s easy to focus on truck insurance. But that’s not the only kind of coverage you’ll need to purchase.

Talking with an experienced insurance agent is the best way to make sure you have the policies you need. You’ll be equipped to make the best decisions when you understand the basics of business insurance. Look for these types of coverage to add to your commercial truck insurance package:

  • General liability
  • Commercial property (whether you rent or own your building)
  • Business owners policy (BOP)
  • Professional liability insurance
  • Data breach (also known as cybersecurity)
  • Business interruption insurance
  • Umbrella coverage

The companies included on this list of the best commercial truck policies are all equipped to offer these basic business policies in addition to truck-specific coverage. Talk to your agent to determine what types of coverage are essential for your unique business.

FAQs: Commercial Truck Insurance

How much is commercial truck insurance?

Commercial truck insurance starts at around $650/month for some small businesses. Your costs will depend on what types of vehicles your business uses, what you’re hauling and where, and your drivers’ records. You can get a personalized price quote from a reliable agent or broker to determine your exact costs.

Do gig workers need commercial auto insurance?

If you’re a gig worker delivering food or other items to individuals or businesses, you may need to have a commercial policy for the vehicle you use for work. If you’re an independent operator driving a delivery truck, you may need specialized truck insurance. Check with your insurance agent and the company you drive for to be sure you’ve got the right coverage.

Jump back to comparison chart

Kymberlin Bush

Kymberlin Bush

Staff Writer
Kymberlin started contributing to Merchant Maverick as a freelancer in 2022 and joined the team as the full-time small business health insurance expert in 2023. She earned her Bachelor of Arts in Creative Writing from Pacific University in 2020 and continues to reside in Portland, Oregon.
Kymberlin Bush
View Kymberlin Bush's professional experience on LinkedIn.

Sources