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Top 10 Commercial Truck Insurance Companies
Best Overall Get QuoteGet Quote Get Quote Pros Wide range of coverage options Will insure new ventures and drivers Discount programs for safe and established companies Cons Some states have restricted operating radius to 500 miles Will need to discuss specifics with an agent Coverage Available in all 50 states but some states may have restrictions on operating radius Will cover new companies and new drivers Offers coverage to a wide range of vehicles – from tractor-trailers to pickup trucks and dump trucks In addition to standard commercial auto insurance, additional coverage includes cargo insurance, rental reimbursement with downtime, non-trucking liability, trailer interchange, and motor truck general liability Offer garage keeper's legal liability and on-hook towing insurance for tow trucks Companies can combine coverage with general business insurance like workers’ compensation, health insurance, professional liability, and more Discounts for drivers with 2+ years of CDL experience Businesses that are older than 3 years will receive discounts Paid-in-full discount of up to 15% Savings when bundling with other business or personal insurance Can save an average of $1,106 per year when enrolled in their SmartHaul program, which shares ELD data with the insurer A+ from A.M. Best
Best for Owner Operators Get Quote Get Quote Pros Will cover new ventures and drivers Competitive pricing Specialize in commercial trucking insurance Cons Not rated by AM Best so some brokers and shippers won’t work with carriers using their insurance Must be an OOIDA member Coverage Available in all 50 states Will cover new ventures and new drivers All basic coverage like primary liability, cargo, and physical damage Additional coverage includes bobtail, non-trucking liability, general liability, gap insurance, downtime, rental reimbursement, occupational accident insurance, and trailer interchange Low complaint ratio with NAIC Certificates of insurance aren’t handled digitally and instead are faxed or mailed within 24 hours Additional benefits of OOIDA membership include fuel cards, discounted load board access, and more Known for competitive pricing Online payments Liability insurance is offered through a Risk Retention Group, which typically has lower rates Not rated by A.M. Best so some brokers and shippers may not work with carriers using OOIDA truck insurance
Best for Large Fleets Get Quote Get Quote Pros Extremely flexible coverage options FleetAhead program helps fleet managers improve driver safety Doesn’t insure new ventures or owner operators Cons Slightly above average complaint ratio with NAIC Coverage Available in all 50 states Semi-truck insurance and most other vehicles All basic coverage like primary liability, cargo, and physical damage Additional coverage includes earned freight, trailer interchange, spoilage, and more Flexible coverage with separate limits for specified trips and named shippers Also offers standard business insurance including general liability, workers’ compensation, and more Top 20 commercial auto insurer by premiums written Slightly above complaint ratio with NAIC No online quoting available Will need to work with an agent A- from A.M. Best
Best for Owner Operators Get Quote Get Quote Pros Specialize in owner operators leased onto a motor carrier or running under their own authority Flexible payment terms Low complaint ratio with NAIC Cons Won’t insure drivers with less than 2 years of experience Won’t insure drivers under the age of 25 Coverage Exclusively focuses on small trucking insurance Available in all 50 states All basic coverage like primary liability, cargo, and physical damage Additional coverage includes gap insurance, earned freight, reefer breakdown, debris and pollution, bobtail insurance, and more Customers can access certificates of insurance online 24/7 and view other account information Low complaint ratio with NAIC Easy online quotes Monthly payment options with no finance charges Combined deductibles for tractor, trailer, and cargo losses A- from A.M. Best
Best Coverage for Experienced Companies and Drivers Get Quote Get Quote Pros Great reviews in online forums Specialize in trucking and transportation insurance Flexible and comprehensive coverage Cons Does not operate in all 50 states Does not insure drivers without experience or high-risk drivers Coverage Covers most states but does not cover Alaska, Hawaii, Massachusetts, or New York Requires drivers to be over 23 years of age, have no DUIs in the last 6 years, no license suspensions the last 3 years, and no moving violations in the last 4 years All basic coverage like primary liability, cargo coverage, and physical damage Additional coverage includes general liability, workers’ compensation, non-trucking liability, equipment coverage, personal property, and more Offers hazmat insurance Also insurers freight brokers and freight forwarders Reputation for not being the cheapest but providing the best coverage For every year of loss-free driving, deductibles are reduced by 25% until there is no deductible Easy online quotes and ability to pay bills online A+ from A.M. Best
Great for Owner Operators and Fleets Get Quote Get Quote Pros Specializes in commercial trucking insurance Flexible coverage options for carriers & owner operators Customer service of a smaller company but backed by an industry giant Cons Average complaint ratio with NAIC CoverageCustomer Satisfaction Average complaint ratio with the NAIC Parent company (Travelers) is the second largest commercial auto liability insurer by premiums written Flexible payment terms that are interest-free For single trucks, offers a combined deductible for physical damage claims with cargo Aggregates deductible coverage for fleets Towing is automatically included on their physical damage coverage
Great for Specialty Truckers & Small Businesses Visit Site Get Quote Pros Insurance is exclusively available through insurance brokers and agencies that specialize in trucking Low complaint ratio with NAIC Top 20 commercial auto insurer by premiums written Cons Limited information available online Will need to work with an agent Coverage Available in all 50 states Covers semi-trucks and a wide range of vehicles in construction, healthcare, and more All basic coverage like primary liability, cargo, and physical damage Non-trucking liability available for owner operators Also offer standard business insurance including general liability, workers’ compensation, property, and cyber insurance Low complaint ratio with NAIC Top 20 commercial auto insurer by premiums written Limited information available online A+ from A.M. Best
Great for Small Businesses Not Running Semi-Trucks Visit Site Get Quote Pros Competitive pricing Great customer reviews Easy to receive quotes and purchase online (agents also available) Cons Does not cover semi-trucks Coverage Available in all 50 states Covers vans, pickups, box trucks, food trucks, and most other vehicles except semi-trucks and heavy vehicles like dump trucks Also offers standard business insurance including general liability, workers’ compensation, and more Competitive pricing Online quotes, purchases, and account management Financial StrengthA++ from A.M. Best
Great for Owner Operators & Small Fleets; Best for Short-Term Truck Insurance Get Quote Get Quote Pros Specializes in trucking Flexible coverage options Short-term and temporary truck insurance available Cons Less established than competitors Coverage Covers the lower 48 states (every state minus Alaska & Hawaii) Covers semi-trucks, box trucks, pickup trucks, dump trucks, tow trucks, and more All basic coverage like primary liability, cargo, and physical damage Additional coverage includes bobtail insurance, short-term and temporary insurance, trailer interchange, non-owned trailer, reefer breakdown, on-hook towing, and hazmat Also offers general liability Low complaint ratio with NAIC Low down payments Online quotes Financial StrengthB++ from A.M. Best
Great for Customer Service Visit Site Get Quote Pros Strong industry reputation Also offers general business insurance Cons Does not specialize in trucking but does cover semi-trucks and box trucks Very little information available online High complaint ratio with NAIC Coverage All 50 states All basic coverage like primary liability, cargo, and physical damage Also offers standard business insurance including general liability, workers’ compensation, personal injury protection, and more No online quoting Will need to work directly with an agent Financial StrengthA++ from A.M. Best
Great Online Experience Get Quote Get Quote Pros Easy to receive quotes and purchase online (agents also available) Other business insurance available Cons Not available in all 50 states Doesn't specialize in trucking High complaint ratio with NAIC Coverage Commercial auto insurance policies not available in all 50 states Covers a wide range of vehicles including semi-trucks, tow trucks, dump trucks, pickups, and more Also offers standard business insurance including general liability, workers’ compensation, umbrella, and cyber insurance Great online experience and account management High complaint ratio with NAIC Easy online quotes and purchasing available Monthly payments available with no fees Financial StrengthA++ from A.M. Best |
