Top 10 Commercial Truck Insurance Carriers

Businesses that rely on trucks to transport goods need to have the right insurance coverage. Commercial truck insurance provides coverage for property damage, bodily injury, and cargo damage. It also covers the driver’s medical expenses, lost wages, and legal fees in case of an accident. With so many coverage options available, it can be challenging to determine which insurance company is the best fit for your business.

However, finding the right commercial truck insurance can be challenging, with so many options available in the market.

This guide aims to help businesses by providing a list of the top 10 commercial truck insurance companies in 2023.

Our list includes companies that offer comprehensive coverage, low-cost options, and excellent customer service. By providing this information, you can make an informed decision when choosing a trucking insurance provider.

Top 10 Commercial Trucking Insurance Companies

With so many insurance providers in the market, it can be difficult to determine which one is the best fit for your specific needs. This section will discuss our best overall rated commercial truck insurance companies in 2023.

1. Progressive: Progressive is one of the largest commercial truck insurance providers in the United States, offering coverage for single trucks, fleets, and owner-operators. They offer a range of coverage options, including liability, physical damage, and cargo insurance. They also provide discounts for bundling policies, paying in full, and being accident-free.
   
2. The Hartford: The Hartford is a top choice for commercial truck insurance for fleets. They offer a range of coverage options, including liability, physical damage, and cargo insurance. The Hartford also provides specialized coverage for tow trucks, dump trucks, and other specialized vehicles.
   
3. Tivly: Tivly (formerly CommercialInsurance.net) is a great option for businesses looking for value. They offer a range of coverage options, including liability, physical damage, and cargo insurance. Tivly works as a type of insurance exchange and work directly with several other members of our Top 10 list. They are a one-stop shop for the best experience. This convenience is one of the key reasons we partnered with Tivly.
   
4. OOIDA: OOIDA is a great option for businesses that are members of the Owner-Operator Independent Drivers Association. They offer a range of coverage options, including liability, physical damage, and cargo insurance. OOIDA also provides discounts for being a member of the association.
   
5. State Farm: State Farm is known for its excellent customer service and satisfaction ratings. They offer commercial truck insurance for small businesses and fleets, with coverage options including liability, physical damage, and cargo insurance. State Farm also provides discounts for safe driving, good grades, and multiple policies.
   
6. Travelers: Travelers is a top choice for businesses looking for specialized coverage. They offer a range of coverage options, including liability, physical damage, and cargo insurance. Travelers also provides specialized coverage for refrigerated trucks, hazardous materials, and other specialized vehicles.
   
7. Berkshire Hathaway: Berkshire Hathaway is a well-known insurance provider that offers commercial truck insurance for fleets and owner-operators. They offer a range of coverage options, including liability, physical damage, and cargo insurance. Berkshire Hathaway also provides discounts for bundling policies, being accident-free, and having safety features installed in your vehicles.
   
8. GEICO: GEICO is a popular choice for small businesses and owner-operators. They offer a range of coverage options, including liability, physical damage, and cargo insurance. GEICO also provides discounts for bundling policies, being accident-free, and having safety features installed in your vehicles.
   
9. Sentry: Sentry is known for its expertise in the trucking industry. They offer a range of coverage options, including liability, physical damage, and cargo insurance. Sentry also provides specialized coverage for tow trucks, dump trucks, and other specialized vehicles.
   
10. Biberk: Biberk is a newer insurance provider that offers commercial truck insurance for small businesses and owner-operators. They offer a range of coverage options, including liability, physical damage, and cargo insurance. Biberk also provides discounts for bundling policies, being accident-free, and having safety features installed in your vehicles.

When choosing a commercial truck insurance provider, it’s important to consider your specific needs and budget. The carriers listed above are all reputable providers that offer a range of coverage options.

How To Choose The Right Carrier?

Learn The Different Coverage Types for Transportation Businesses

Commercial truck insurance is essential for any business that utilizes commercial trucks for their operations. Different types of commercial trucks require different types of insurance coverage. It is important to understand the different types of coverage available to ensure that your business is protected in the event of an accident or other unforeseen circumstances.

Box Trucks

Box trucks are commonly used for the transportation of goods. These trucks are typically smaller than tractor-trailers and can be driven with a regular driver’s license. Box truck insurance typically covers liability, physical damage, and cargo coverage.

Dump Trucks

Dump trucks are used for transporting loose material such as sand, gravel, or dirt. Dump truck insurance typically covers liability, physical damage, and cargo coverage. In addition, dump trucks may require additional coverage for the dumping mechanism.

Tow Trucks

Tow trucks are used for towing vehicles that have broken down or been involved in an accident. Tow truck insurance typically covers liability, physical damage, and cargo coverage. In addition, tow trucks may require additional coverage for the towing mechanism.

Garbage Trucks

Garbage trucks are used for the collection and transportation of garbage. Garbage truck insurance typically covers liability, physical damage, and cargo coverage. In addition, garbage trucks may require additional coverage for the specialized equipment used for garbage collection.

Tractor-Trailers

Tractor-trailers are used for the transportation of goods over long distances. Tractor-trailer insurance typically covers liability, physical damage, and cargo coverage. In addition, tractor-trailers may require additional coverage for the trailer and specialized equipment.

Large Fleets

Large fleets require specialized insurance coverage to ensure that all vehicles are protected. Fleet insurance typically covers liability, physical damage, and cargo coverage for all vehicles in the fleet. In addition, fleet insurance may offer discounts for businesses with a large number of vehicles.

Brokers

Insurance brokers provide insurance coverage for businesses that utilize commercial trucks. Brokers work with multiple insurance companies to find the best coverage for their clients. Brokers typically offer liability, physical damage, and cargo coverage.

In conclusion, commercial truck insurance is essential for any business that utilizes commercial trucks for their operations. Different types of commercial trucks require different types of insurance coverage. It is important to understand the different types of coverage available to ensure that your business is protected in the event of an accident or other unforeseen circumstances.