What Is It?
What is Truck insurance? Truck insurance is a kind of insurance that helps protect your truck if something bad happens to it. It also protects you in the event you hit someone.
Who's It For?
- Dump Truck Operators
- Owner Operators
- Over The Road Truckers
- Interstate Trucker
- Intrastate Trucker
- There are many more
What Is Offered?
- Auto Liability Coverage
- Physical Damage Coverage
- Trailer Interchange Coverage
- Motor Truck Cargo Coverage
- Truckers General Liability
- Many More Are Accessible
Get a Quote?
Our economy is based on the trucking industry. Whether you own a box truck business or a trucking company, Coast Transport Insurance Service is committed to helping you reduce your risks and expenses.
Your business may be harmed by federal and/or state laws, gasoline prices, and claim frequency. By collaborating with a broker who is aware of these problems and can provide you with a competitive edge, you can avoid these obstacles on the road.
The global economy is based on the trucking industry. Whether you own a delivery business or a trucking company, Coast Transport Insurance Service is committed to assisting you in reducing risks and expenses.
We can help with practically any trucking operation, but here are some examples of areas where we have recently helped: intrastate and interstate haulers, dump truck operators, agriculture haulers, box truck carriers, auto haulers, bulk cement haulers, hot shot truckers, general freight truckers, produce haulers and intermodal haulers
We can offer the following truck insurance products whether your an owner operator or large trucking fleet
Truck Insurance Explained: What You Need To Know
When it comes to truck insurance requirements, the Federal Motor Carrier Safety Administration (FMCSA) requires commercial motor vehicles with a gross vehicle weight rating (GVWR) of 10,001 pounds or more to be insured. This includes vehicles used for interstate or intrastate commerce as well as vehicles designed to transport 16 passengers or more. The requirement also applies to vehicles used to transport hazardous materials and agricultural commodities. This means that any vehicle transporting goods or materials for business purposes must be covered by an approved commercial truck insurance policy.
How Much Truck Insurance Coverage Is Required?
What Is The Difference Between Interstate and Intrastate Truck Insurance?
What Coverages Can Truck Insurance Policies Come With?
If you’re a trucker, understanding what truck insurance covers and what is required to stay compliant is essential. Let’s take a closer look at the different types of truck insurance coverages.
Auto Liability Coverage
Bodily Injury and Property Damage Coverage, also known as Auto Liability Coverage, is a form of commercial truck insurance that covers any bodily injury or property damage you may cause while driving your truck. This type of insurance will cover medical costs, legal fees, and other damages caused to another person or their property if you are deemed at fault in an accident. It also provides coverage for defending yourself against legal claims brought by third parties. Bodily Injury and Property Damage Coverage is a must-have for any commercial truck driver and is often required by law.
Physical Damage Coverage
Motor Truck Cargo Coverage
Motor Truck Cargo insurance provides coverage for damage to or loss of freight and other cargo being transported by a truck. This type of truck insurance is often required by shippers as part of the trucking contract. Motor Truck Cargo insurance covers any direct physical loss or damage to the goods in transit caused by any external means, such as collision, overturn, fire, theft, or other perils listed in the policy. It also pays for lost profits if the goods are not delivered on time. The amount of coverage provided depends on the limits set forth in the policy, so it’s important to ensure that your policy has sufficient coverage to protect your cargo.
Truckers General Liability Coverage
Non-Trucking Liability Coverage
Trailer Interchange Coverage
Hired and Non-Owned Auto Coveage
How Much Are Truck Insurance Premiums?
Premiums for commercial trucks are based on a number of factors, which often include things such as:
- How many trucks are insured
- How old the truck is
- Annual mileage
- Area driven
- Trucking Class
- Age of the drivers
- Years with CDL
An independent insurance agent is the best person to talk to about how much insurance will cost in a certain situation. Independent brokers can compare the coverages and rates of policies from different insurers. This makes it easy to find one that gives you the protections you need at a price you can afford.
How can I Get Truck Insurance?
Contact the independent insurance brokers at Coast Transport Insurance Services for help with truck insurance. Our agents will help you compare semi truck insurance policies from different companies, and we have the knowledge to help you decide which policy is best for your type of business.