5 Top Commercial Truck Insurance providers in the US

The proportion of owner-operators in the transportation industry in the United States is at a record high as the transportation and logistics industries continue to grow. One of the primary steps you must take when you're a new driver is to look for commercial truck insurance. Before you even open for commercial operations, you could make use of this coverage to ensure all your valuables (trucks) are secured.

If you are looking for cargo insurance companies You will find numerous options for truck insurance. They range from small-scale businesses which provide coverage to lone owners to large corporations offering coverage to a multitude of business owners across the United States.

It's thrilling having the option of insurance companies. It can be a daunting task to look through a variety of options to decide which is best for your trucking business, however, it can be very daunting for people who have never had insurance before. We're here to help you.

To assist you in choosing the most suitable insurance company to protect your trucking business We've listed the best five truck insurance companies in this article, based on their reputation, options for coverage, testimonials from clients, or any other criteria.

Find Out More About Commercial Truck Insurance Coverage!

Here are a few examples of the kinds of insurance coverage provided through commercial insurance for trucks

Property Damage Liability Insurance In the event that you are at fault in an incident, the property damage liability will compensate for the damage to property belonging to the other party including their vehicle.

Bodily Injury Insurance: If your actions cause accidents, the bodily liability is the coverage you provide for the harm that you cause to someone else.

CSL Insurance: single limit that is combined (CSL) offers an all-in-one limit for physical injuries and damages to property claims.

Collision Insurance Coverage: If your company vehicle collides with another vehicle or an object like poles collision insurance will cover the damages that result.

Comprehensive Insurance Coverage: Weather-related damages, as well as fire-related damage and fall-related things (like trees) as well as other concerns, are all covered under comprehensive insurance. It also covers the theft of cars.

Health Insurance Protection: Regardless of who was responsible the reimbursements for healthcare and personal injuries protection (PIP) will cover the cost of your and passengers' medical treatment.

Uninsured Motorist Insurance: If an uninsured motorist hits your vehicle the uninsured motorist insurance will take care of your injuries and the injuries of the passengers.

Furthermore, there are legal fees in the event that a person sues you in the event of an accident that is covered by different insurance plans for trucks.

The Top Commercial Truck Insurers in 2022

Flexible coverages for NITIC Extraordinary customer service

Our top pick in our top list of commercial insurance for trucks is NITIC which was established in the year 2001, with an aim to provide independent owners and small fleets access to low-cost truck insurance. It is currently licensed to provide insurance coverage across 48 states.

They have a group of insurers that are specialists in transportation and commercial insurance. They are also familiar with the ever-changing requirements of the federal government as well as transportation agents and freight forwarders for commercial use.

Key Features:

Affirms its financial strength from AM Best, an independent firm that is a reputable insurance strength provider.

A variety of truck coverages such as trailer interchange insurance for tow trucks, general liability and short-term physical damage, and many other coverages.

Great rates and flexible payment options.

Great customer service and easy to file an incident.

CoverWallet: the simplest, most simple, and most affordable

Although CoverWallet can be described as an insurance aggregator and not an insurance company in particular the platform allows commercial truck owners to swiftly and easily obtain coverage for fleets of trucks online. By allowing consumers to get rapid quotes from various carriers and a range of options for truck insurance This company wins our prize for the best value.

With the help of AI, CoverWallet promises to simplify the process of purchasing coverage easier and more efficiently for businesses. For primary coverage of physical injury, worker's compensation cargo, bobtail insurance, and non-owned car coverage CoverWallet provides quotes within seconds using a variety of ways.

Key Features:

Insurance experts are available 24/7 by phone, chat, or email.

Ask for insurance certifications and keep track of the results.

Get instant coverage quotes online.

Check that your company is insured with us by looking at our policies in comparison to the policies of other insurers.

The coverage is available to those with bad credit or a poor driving record, however, the rates are rather expensive.

Progressive: truck insurance with a customizable design

According to a survey of commercial insurance, Progressive is the biggest auto insurance provider in the US that covering greater than 11% market. The flexibility and experience that are the hallmarks of Progressive Commercial in the truck insurance market differentiate it from other insurance companies for commercial vehicles.

In addition, they cover an array of vehicles, such as garbage trucks, semi-trucks tractor-trailers, dumping trucks garbage trucks, concrete trucks and delivery trucks, they offer commercial truck insurance across every state. They even offer open pricing structures as well as internal claims processing.

But there's a disadvantage, based on reviews that it may be difficult to reach an actual agent in case you encounter problems or experience issues due to their poor customer service.

Key Features:

Insurance is available for an assortment of trucks such as semi-trucks and heavy-duty trucks and pickup trucks, tow trucks, and many more.

Make sure you tailor your commercial trucking coverage to safeguard your business from financial burdens.

More than 30 different types of liability insurance are available.

Accessible to all 50 US states.

Are you unsure of the kind of coverage you should pick? Make use of the useful tools they offer to help you determine which coverage best meets your requirements, the risk that comes with it, as well as the deals that are discounted.

Lancer Insurance: Suitable for providing insurance plans for the transportation industry

Utilizing a network that includes over 2,000 brokers Lancer Insurance Company has been the leading supplier of premium, special liability insurance solutions for industries that specialize in trucking including commercial fleets across the US over the past 35 years.

They're dedicated to providing professional miles and mileage regardless of whether they are transporting automobiles to Detroit towards Plano as well as vegetables and fruits that are being transported from Napa towards Nashville. Their experience working with micro fleets and owner-operated trucking firms is unparalleled.

Key Features:

It is available in all states in the US and also in Washington, DC, and Puerto Rico.

Get the help of insurance professionals via live chat.

Specialized insurance policies designed for business.

Greater coverage at lower costs and exceptional claims handling will help their customers.

Access to 24/7 for free to the following sources including bundles of driving instructional videos, a safety alert as well as TruxFacts, and the TruxFacts newsletter.

Chubb: the best for commercial coverages of international scale

One of the most effective choices for businesses that have worldwide operations would be Chubb the top commercial and personal insurance provider worldwide. They have regional representatives across the world that can help clients with developing specialized commercial truck insurance plans.

With a site that is simple to navigate with a variety of intermediaries and a high limit on policies, Chubb also goes above and beyond to help its clients. Chubb doesn't offer online quotes, however, its website permits customers to make claims or access their accounts.

Key Features:

Unparalleled customer support via telephone, online, or agent.

Many different types of insurance protection, including primary liability, property liability, workers' compensation, and many more.

Achieve a higher rating for financial strength, which indicates that they will be able to meet their financial obligations, without taking on debt.

Both are covered through commercial policies that cover industry and are specific to the business.

Conclusion: How do you select the most suitable truck insurance provider?

If you are looking for the top commercial truck insurance company the owners of truck businesses should take into consideration a variety of factors. The first step is to assess the needs and risks of the company. After that, you could examine other insurance firms examine their prices and coverages, and then choose the one that meets your requirements.

In the beginning, this list of the five top semi-truck insurance companies will help you find the best security for your business's needs.

We hope our blog helped you in finding reliable options for the trucking business.