10 Factors to Consider to Choose the Best Commercial Truck Insurance

10 Essential Factors to Consider in Truck Insurance

Strong Tie Insurance July 5, 2023 Our Blog

Whether you’re a seasoned fleet manager or a first-time owner-operator, selecting the right commercial truck insurance is a pivotal decision. It’s not just about ticking a legal box—it’s about safeguarding your livelihood, your investment, and your peace of mind. Here are ten essential factors to consider when choosing commercial truck insurance.

Before diving into the factors to consider when choosing the best commercial truck insurance, it’s essential to gain a clear understanding of commercial truck insurance: what it is, what it entails, and why it’s important.

What Is Commercial Truck Insurance? An In-Depth Guide

Commercial truck insurance, at its most basic level, is a type of insurance policy that provides coverage for risks associated with the operation of commercial trucks. It’s a critical asset for anyone in the trucking industry, from owner-operators to large fleet managers, and is as much about protecting your trucking company as it is about compliance with legal requirements.

But let’s dig deeper and truly dissect what commercial truck insurance is all about.

  • Primary Liability Insurance: At the core of any commercial truck insurance policy is primary liability insurance. This type of coverage is mandated by federal and state laws and provides protection against the costs of medical payments due to bodily injury or property damage to others in the event of an accident where the truck driver is at fault.
  • Physical Damage Coverage: Physical damage insurance provides coverage for damages to the truck itself, whether from a collision or other events like fire, theft, or vandalism. It’s not legally required but is often crucial to protect your investment in the truck.
  • Motor Truck Cargo Insurance: Motor truck cargo insurance protects against losses arising from damaged or lost cargo from motor carriers. Considering the value of cargo that trucks often transport, this can be a critical form of comprehensive coverage.
  • Non-Trucking Liability Insurance: Commercial truck insurance isn’t only about covering business-related risks. Non-trucking liability insurance provides coverage for when the truck is being used for non-business purposes, such as when a driver is running personal errands.

Essential Factors to Consider When Choosing Commercial Truck Insurance

With so many commercial truck insurance companies offering a wide range of policies, how do you choose the best? The first step in choosing commercial auto insurance is by assessing your needs by combing through these essential factors.

1. Types of Coverage Needed

First and foremost, it’s vital to understand the different types of coverage available and which ones you need. These may include a wide range of policies, including primary liability, physical damage coverage, motor truck cargo, non-trucking liability, and more. The right mix of coverage will depend on factors such as the nature of your operations and the type of cargo you haul.

2. Legal Requirements

Operating within the confines of the law is paramount. Make sure you meet all federal and state legal requirements for commercial truck insurance, which usually mandate a minimum level of primary liability coverage. Failing to meet these requirements can lead to severe penalties, including hefty fines and suspension of operating licenses.

3. Policy Limits

Just as important as having the right types of coverage is having the right amount of coverage. Policy limits—i.e., the maximum amount the insurer will pay out for a claim—should be high enough to adequately protect you from potential financial losses.

4. Deductibles

A deductible is the amount you have to pay out-of-pocket before your insurance rate coverage kicks in. Higher deductibles usually result in lower insurance premiums, but they also mean higher out-of-pocket costs in the event of a claim. Striking a balance that aligns with your financial capabilities is crucial.

5. Reputation of the Insurance Provider

Not all insurance providers are created equal. Look for a reputable provider with a strong track record in the industry, positive customer reviews, and a commitment to customer service. The last thing you want is to be left in the lurch when you need your insurer the most.

6. Premium Costs

While price should never be the sole determining factor, it’s an essential consideration in choosing commercial trucking insurance for your commercial vehicles. Understand what your premiums will be, what factors may affect them (such as driving history and type of cargo), and whether you can afford them.

7. Claims Service

In the unfortunate event of a claim, you’ll want the claim process for your commercial insurance to be as smooth and straightforward as possible. Consider the insurer’s claims service, including the ease of filing a claim, the speed of response, and the availability of assistance throughout the process.

8. Policy Exclusions

Every insurance policy comes with exclusions—situations or items that are not covered. It’s vital to understand these exclusions to ensure you’re adequately protected and not caught by surprise in the event of a claim.

9. Flexibility of the Policy

Can you tailor the policy to suit your specific needs? Can you adjust your coverage or policy limits as your needs change? A good commercial truck insurance policy should offer flexibility to meet the evolving needs of your operations.

10. Financial Strength of the Insurer

Last but not least, the insurer’s financial strength is a critical consideration. After all, the insurer needs to be in a sound financial position to pay out claims. Ratings from independent agencies like A.M. Best can provide insights into an insurer’s financial health.


Navigating the intricate web of commercial truck insurance can be a daunting task, filled with complex terms, varying coverage types, and crucial decisions. Each business has unique needs, and a one-size-fits-all approach simply won’t cut it in this industry. Understanding your specific requirements and finding an insurance provider that can deliver tailored solutions is crucial.

That’s where Strong Tie Insurance steps in. With years of experience in the industry and a deep understanding of the complexities of commercial trucking, Strong Tie Insurance is a partner you can trust. We’re not just an insurance provider—we’re a business partner dedicated to protecting your investment and helping your business thrive.

Don’t wait long to safeguard your trucking business! Reach out to our expert agents today to get a free quote.