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Get the Appropriate Commercial Trucking Insurance Coverage for Your Semi Trucks

Semi truck insurance, also known as owner-operator insurance is a liability cover for injuries or damages caused to other parties when the driver is at fault. Different types of coverages may be added depending on several factors that are special to the truck driver. On average, truck insurance costs for leased owner-operators can range from $1,500-$2,000 per year. If you are an owner-operator with your own authority, the prices range from $9,000-$12,000 for each truck you own. For new trucking operations, the new pricing is a bit higher in recent years and ranges from $12,000-$16,000. This post discusses different insurances, our auto insurance policy and truck insurance plan. 

Why You Need a Commercial Semi Truck Insurance Coverage

To use the public roads in California, the Federal Motor Carrier Safety Administration (FMCSA) requires that you should adequately insure your vehicle. Keep in mind, business owners are also required to send Proof of Insurance to the FMCSA so they can get a Motor Carrier number that enables them to haul shipment between states. The main reason is to have an orderly system of compensation should an accident occur or they encounter any hazards. Therefore, having certificates of insurance, clean driving records and other paperwork can protect your business and ensure you receive coverage for employees and the vehicle. It’s also recommended that when dealing with multiple drivers that you keep a track of their driving records so you know the person you’re trusting the cargo with is reliable. 

Additionally, as a business owner, you need to keep the trucks on the road and avoid any downtime that may be caused by accidents. Any slight delay in your business activities can cause losses that should be avoided at all costs. The best way of doing that is by having a reasonable semi truck insurance quote Otherwise, you’ll be open to a series of lawsuits as a result of accidents caused by an uninsured vehicle. With Strong Tie Insurance, you can easily hire truck insurance. 

Besides, there are so many business advantages that come with commercial semi trucking insurances such as bodily injury liability, collision coverage, personal injury, liability risks, and property damage liability. You can get compensated should one of your transportation truckers get involved in an accident. The compensation may include medical payments coverage of the truck drivers and any damage or repair to the third-party. The motor truck insurer saves you the stress of having to handle unexpected financial surges. We have a wide radius of operation, multiple agents for commercial trucks and best value for money. Our protection plans and policy options are the best. These will also cover your medical expenses.

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How Much is the Average Cost for Your Commercial Truck Insurance

Generally, the type of policy that you need and the types of trucks that you drive will determine the cost you will pay. With that in mind, the covered company is still required to pay a deductible amount before coverage starts and pay attention to other factors that determine the cost of commercial truck insurances. The factors include the type of commercial vehicles, truck size, type of cargo/vehicle weight, deductible, etc. Below we have explained some common coverages including the expense coverage, broad coverage, downtime coverage, high-risk drivers, specialty truckers, road safety, commercial auto insurance service and more. 

Motor carriers bear the responsibility of providing for primary liability. If you are a trucker with your own authority, then you will cater for primary liability plus, bobtail, NTL plus any extra costs that may arise.

  1. Primary liability ($5,000-$7,000)

Primary liability coverage covers the damage that happens to others as a result of your driving. Commonly requested for for-hire truckers (motor carriers), accompanied with motor truck cargo coverage. It does not necessarily cover your own semi truck.

  1. Physical damage ($1,000-$3,000)

It offers coverage of expenses for repair caused by a natural disaster, collision, vandalism, and theft that results in actual physical damage to the truck.

  1. General liability ($500-$600)

General liability insurance has a much broader application and covers a majority of what is not covered by primary liability. These include bodily injuries and property damage liability to cover any incident that resulted in property damages or physical injuries. It applies to the business itself and not the motor trucks. 

  1. Bobtail insurance ($350-$400)

Bobtail truck insurance covers the independent truck drivers and the truck when they are not hauling any load, especially when traveling between jobs. It applies to a semi-truck with no trailer attached.

  1. Umbrella policy ($500-$700)

This provides protection above and beyond general liability, auto liability, and worker compensation.

  1. Occupational accident ($1,600-$2,200)

Compensates for work related injuries as well as provide income benefits and medical payment.

  1. Cargo coverage

Cargo coverage varies according to the cargo limits required for each type of motor truck cargo.

  1. Non-trucking

Non-trucking liability coverage covers damages and injuries to third parties that are caused by a lease driver while for non-business purposes.

When shopping for the best semi trucking insurance quote, it is best to compare offers from several trucking insurance companies in the market. It is always a bit hard to find a one-size-fits-all coverage for your semi truck since most insurers do not explicitly write all the trucking risks. However, if you dig a little deeper, you might just find the right trucking company to fulfill all your needs.

9. Underinsured Motorist Coverage 

In instances where your automobile experiences any hazards, perils, or unfortunate situations on the road at the hands of another driver, this motorists insurance will take care of any replacement and cover the cost of physical damage coverages. It also includes property damage expenses which the at-fault driver may not be able to pay out. 

10. Trailer Interchange insurance

This type of insurance is necessary when you are transporting a trailer you don’t own with shipment and the company is not insured by any truck insurance company. By doing this, the trucker doesn’t have to pull a big amount out of his pocket for repairs and damages as it would be covered by the insurance company. If your business deals in carrying freight in non-owned trucks then this insurance policy is the right choice for you. 

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Strong Tie Insurance offers comprehensive commercial trucking insurance.

The Best Commercial Truck Insurance Coverage for Your Trucking Business

Vehicle owners face multiple risks daily. At Strong Tie Insurance, we know the hustle that you have to go through to keep your vehicle running throughout the year. That is why here you get a flexible semi truck insurance quote that fits the need of most vehicle operators. Unlike any other insurance agency, we’re an actual insurer that will cover any incident that takes place during business operations. 

We offer a wide range of insurance policies that allow comprehensive coverage for all types of trucks and sizes. Over the years of our operation, we’ve been able to deal with different clients who have different trucks yet want the same coverages goal; to be insured against any damages or physical injuries that may result from semi-truck accidents.

Our policies were designed to meet the needs of independent owner-operators and trucking fleets so they can tackle the expenses of repair, hazardous road conditions, etc. Ultimately, the biggest factors that establish the cost of your semi motor truck insurance, are which additional coverage options you decide to include with your insurer for more flexible coverage requirements. We also have truck-specific coverages.

Get Trucking Insurance Service for Your 18 Wheeler Vehicle Today!

If you have any questions or queries regarding our coverages, feel free to get in touch with our customer service to connect you with an expert to discuss a suitable truck insurance policy. We’ll answer all your queries regarding commercial truck insurance and what coverages each policy provides for small-business truckers. Get flexible coverage for your heavier vehicles such as motor carrier or motor truck cargo and customize your package by extending coverage limits. Give us a phone call us at our business hours or visit our office location anytime and one of our representatives will help you out.