How Much Is Semi Truck Insurance Per Month?

Established owner-operators under their own authority typically pay about $750 to $1,250 a month. New authorities usually pay $1,000 to $1,500, and owner-operators leased to a carrier usually pay $170 to $330.

How Much Does Owner-Operator Insurance Cost?

It depends on your status. Leased owner-operators usually pay $2,000 to $4,000 a year. Established owner-operators under their own authority usually pay $9,000 to $15,000, and new authorities $12,000 to $18,000.

How Much Is Insurance For An 18 Wheeler?

The same as a semi truck: about $9,000 to $15,000 a year for an established authority with a clean record, before specialized freight or high-cost states push it higher.

Why Is Semi Truck Insurance So Expensive?

Primary liability is expensive because truck accidents can produce very large jury verdicts. New authorities, high-cost states and specialized freight add more on top.

Is Semi Truck Insurance Cheaper If I'm Leased On?

Yes, much cheaper. The motor carrier provides primary liability and cargo, so leased owner-operators usually only buy non-trucking liability, physical damage and occupational accident.

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