With over 50 truckers insurance companies in America, choosing one that fits your specific coverage needs can be a bit difficult. However, this should not discourage you from insuring your vehicle.
If anything, the variety should increase your options so you have no excuse to settle for less. Choosing a good plan is a duty you owe yourself if you truly care about protecting your assets.
Luckily, many insurance companies offer services that go beyond selling policies. They also provide support for trucking business and help you deal with problems from accidents.
To gain access to these pillars of support, you will need a guide. This article recommends the top truckers insurance providers in the United States of America. It also aims to answer some frequently asked questions.
Who needs the services of truckers insurance companies?
Just as we need healthcare providers to access healthcare, truckers require the assistance of policy providers when shopping for truckers insurance. Owners of trucking businesses, large vehicles, and cargo trucks also need the services these companies render for the same reason.
Above all, truckers insurance companies help you with suitable plans at great rates. It does not matter how much knowledge you have, these companies are ready to direct you on the proper steps to take.
What is the average cost of commercial truckers insurance?
As you study different insurance company quotes, you will notice that there is never a fixed price for any plan. In other words, prices vary depending on coverage plans, company, and drivers. You can only conclude on the average cost after comparing quotes from multiple truckers insurance companies.
Insurance premiums are more expensive for cargo transporters because their vehicles are larger and more likely to cause damage. For instance, motor carriers’ premiums may range from $10,000-$30000 a year, while it may cost owner-operators under another authority about $3,000-$5000 per year.
Best truckers insurance companies in the U.S.A.
We will point you in the direction of companies with the highest ratings and most suitable coverage options. From this list, you can choose what works for you and your special needs.
Having said this, here are the top truckers insurance companies in America:
OOIDA has affordable coverage preferable for small businesses seeking commercial truck insurance. With their policies all underwritten in-house, their insurance process is easy and saves time.
Also, the company has an excellent rating from the Better Business Bureau with quality reviews that testify to their good customer service. OOIDA has no provision for online quotes so you can visit their locations in any of the 50 states.
- Gap insurance
- Primary liability
- Occupational accident insurance
CoverWallet is a great option for truckers who are after the best value. While it is an aggregator service it helps customers compare plans with their fast online quote and coverage match tools.
More so, customers can afford CoverWallet truckers policies through their several discount options. The company helps high-risk drivers or truckers with bad credit scores get plans for their level.
- Long-haul trucking
- Owner operator insurance
- General liability for truckers
- Trailer interchange
- Commercial trailer
Lancers is a leading truckers insurance company with the best customer service. Apart from a 24/7 call center and claims reporting services, the brand offers truckers a comprehensive maintenance option.
Their client base including reputable trucking companies and long-haul truckers enjoy policies that cover physical damage, cargo, injury, and accident protection. Lancer Insurance has an A+ rating for financial strength.
Sentry caters to specialty truckers and small businesses. They are one of the truckers insurance companies that don’t allow a direct purchase. This means you can access their insurance only through agencies or insurance brokers.
This company has very little online presence but they have branches in all 50 states. Sentry provides basic coverage for a wide range of large vehicles and standard insurance for works.
- General liability
- Motor carrier insurance
- Cargo insurance
- Non-trucking liability
As a new driver, the coverage products available at State farm may be expensive for you. However, you can reduce the price of premiums by buying policies in bundles.
For old drivers, there are discounts open to drivers with good records and owners of decent businesses. You can also afford their quality plans with the discounts you earn by joining their steer clear driver program. They offer basic insurance options, so it may not be the best choice if you’re hauling cargo.
National independent truckers
Founded in 2001, National Independent Truckers is a small company with solid industry backing. They specialize in commercial trucking insurance and offer tailored plans for owner-operators and small fleets.
Furthermore, their coverage plans are standard yet affordable. A.M. Best values its services at a B++ rating.
- Short-term insurance
- Motor truck cargo
- Primary liability
Finding a good insurance provider is just as important as buying a plan. To avoid getting carried away by the sea of companies available, truckers must compare options before choosing. Finally, don’t judge a book by its cover, look beyond the big names and assess the quality of insurance a company offers.