How Much Does Truck Insurance Cost?
If you're in trucking, insurance isn’t optional—it’s a big part of your bottom line. The cost of commercial truck insurance can vary widely depending on how you run your business. We’re here to break it down in plain language so you know what to expect—and what you can do to control it.
Factors
What affects the price?
Insurance companies look at a lot of factors, including:
Tip: safety performance and clean records are key to keeping costs low long-term.
Cost ranges
General Liability
Covers business activities outside
of the truck itself.
Commercial Auto Liability (Primary)
Required to operate. Covers damage you may cause to others.
Motor Truck Cargo
Protects the load in case of damage, theft, or spoilage.
Dry Van
Reefer
Flatbed / Oversize
Car Haulers
Physical Damage (Truck + Trailer)
Based on replacement value (not purchase price).
Example:
$200,000 truck
~$6,000/year at 3% rate
Lower-value units may be rated higher (e.g., 8% for older trucks).
Higher-value equipment often gets better rate percentages.
Trailer Interchange
Covers non-owned trailers under interchange agreements.
Occupational Accident Insurance
Protects owner-operators not under workers' comp.
Workers’ Compensation
For employee drivers; often required by law.
Higher than most industries
