Commercial Truck insurance cost
National average monthly cost for commercial for-hire truck insurance ranged from $640 for specialty truckers to $982 for other transportation truckers. These numbers only include new policies with clean driving records for all drivers and both primary liability and physical damage coverages present.
Your rate will depend on various factors, including:
- USDOT authority
- Coverage requirements
- Vehicle type
- Operating Radius
- Driving history
The people covered under a commercial truck insurance policy can vary and are specified in the policy. Any employees that drive your trucks (in addition to yourself) are known as “permissive users,” and must be listed on your policy.
It depends. Coverage for the “personal use” of a commercial truck depends on whether the driver is operating under their own authority, or they’re leased to a motor carrier. If they’re operating under their own authority, they’re covered for all personal use under their policy. If they’re leased to a motor carrier, they’re usually covered for business use only, but they could get Non-Trucking Liability insurance to cover their personal use.
Bobtail truck insurance is a coverage that protects your truck when it’s being driven without a trailer for a business purpose, like a trucker returning to their depot after dropping off a trailer.