Driving poses inherent risks, and these risks are only amplified for trucks due to factors such as wide turns, sluggish stops, and towering semi-trailers, all of which increase the likelihood of accidents. Disturbingly, in 2017, approximately 4,102 individuals lost their lives in collisions with large trucks, with over 3,000 of these incidents involving tractor-trailers.

It’s crucial to prioritize safe driving practices and secure adequate commercial trucking insurance to prepare for unforeseen accidents. By utilizing TruckerCloud’s comprehensive telematics platform, insurers are able to provide the best commercial truck insurance policy and competitive rates for fleet managers and owner operators that encourage both safe driving and dependable coverage.

What Does Trucking Insurance Cover?

Commercial truck insurance offers similar coverage options as personal and commercial auto insurance, which include:

• Liability: provides assistance when a trucker causes bodily injury or property damage to someone else.
• Non-trucking liability: helps when the trucker causes property damage or bodily injury while using the truck outside of work.
• Cargo insurance: compensates for lost or damaged cargo during transportation.
• Non-owned trailer damage and liability: kicks in for attached trailers not owned by the trucker.
• Comprehensive: Similar to personal auto insurance, comprehensive coverage protects against damage caused by accidents not involving a collision, such as fire, falling tree branches, hail, and theft.
• Collision: covers physical damage resulting from a collision with a vehicle or object.
• Bobtail Insurance: specifically covers trucks when they are without a trailer.

Does Commercial Auto Insurance Cover Trucks?

Although commercial auto insurance can provide coverage for trucks, it may not offer comprehensive protection for all trucking-related needs.

Trucking insurance is specifically customized to address trucking requirements within the trucking industry, including bobtail coverage, non-owned trailer coverage, and cargo insurance. Trucking insurance policies are also created specifically with trucking risks in mind.

Waiting until an accident occurs to realize your truck lacks adequate insurance is something you definitely want to avoid.

How Much Does Trucking Insurance Cost?

Trucking insurance prices fluctuate based on the state, your driving record, and various other factors. On average, an owner operator of a trucking business typically pay between $8,500 to $14,000 annually for their insurance coverage.

How Much Trucking Insurance Do I Need?

Trucks generally need a minimum coverage of $750,000 or higher. Specifically in Georgia, intrastate trucking mandates a minimum liability coverage of $100,000 per person and $300,000 per accident.

About TruckerCloud

From accurate risk assessment to improved decision-making, telematics is a game-changer for insurance companies. By leveraging telematics data with TruckerCloud’s comprehensive platform, insurers can enhance the customer experience, improve risk management, and maintain profitability in an increasingly competitive market.

To learn more about trucking insurance and telematics’ role in the trucking industry, check out this blog here.

Want a demo? Schedule a call today.

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