Best Commercial Truck Insurance Companies
Commercial truck insurance is essential for tractor-trailer operators to protect against financial losses due to accidents, cargo theft, and lawsuits. Our analysis evaluated 12 large business insurers based on commercial auto complaint records and over 71,000 consumer sentiments.
Top Commercial Truck Insurance Providers
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The Hartford: 5.0 rating
- Pros: Offers risk engineering services to mitigate common trucking problems
- Cons: Does not offer online commercial truck insurance quotes
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Acuity: 4.6 rating
- Pros: Provides online commercial truck insurance quotes and claims filing
- Cons: Commercial auto complaints were slightly higher than its top competitor
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Travelers: 4.3 rating
- Pros: Offers “Deluxe Coverage” with additional features like rental reimbursement
- Cons: Customers have negative views on claims process and customer service
What Is Commercial Truck Insurance and How Does It Work?
Commercial truck insurance covers risks such as accidental bodily injuries, property damage, cargo theft, and cargo damage. Policies can be tailored to fit specific business needs, including coverage for refrigeration breakdowns.
Who Needs Commercial Truck Insurance?
- Independent owner-operators
- Fleet managers
- Various types of haulers (agricultural, auto, coal, etc.)
Each state has minimum insurance requirements, which vary based on the type of freight being transported.
Common Commercial Trucking Risks
- Motor Vehicle Crashes: Large trucks are involved in about 8% of motor vehicle crashes in the U.S.
- Cargo Theft: There were 3,625 reported cases in 2024, marking a 27% increase from the previous year.
What Does Commercial Truck Insurance Cover?
- Commercial truck liability insurance
- Non-trucking liability insurance
- Physical damage coverage
- Trucker cargo insurance
- Workers’ compensation insurance
- Specialized coverages like cyber insurance and trailer interchange insurance
How Much Does Commercial Truck Insurance Cost?
Costs range from $650 to $1,000 per month, depending on factors like truck value, cargo type, driver history, and coverage chosen.
Tips to Save on Commercial Truck Insurance
- Hire safe drivers with clean records.
- Utilize driving data and electronic logging devices for potential discounts.
- Consider fleet insurance for multiple vehicles.
Methodology
Our evaluation considered complaint levels (95% of score) and consumer sentiment index (5% of score) to determine the best commercial truck insurance companies.
