Commercial Truck Insurance

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

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Commercial Truck Insurance in California

What is Commercial Truck Insurance?

Coast Transport Insurance Services understands the key components necessary for the success of trucking companies and businesses involved in delivery services. As regulations, fuel costs, political risks, and claims frequency may hinder operations, our team provides expertise to create competitive advantages that can offset any obstacles. We are here to assist with various sub-sectors such as intra and interstate haulers, storage and logistics, couriers, last-mile delivery, fuel haulers, intermodal haulers, and leased on owner-operators. Ultimately, we aim to keep trucking at the forefront of the global economy. 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  

Whether your an owner operator or large trucking fleet, here are some of the truck types we can insure

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?

When it comes to commercial truck insurance, the FMCSA requires that all vehicles operating in interstate commerce must carry a minimum of $750,000 in liability insurance. This minimum requirement applies to all types of commercial motor vehicles, including tractor trailers and other vehicles that transport passengers or cargo. For intrastate commerce, the amount of coverage varies by state.
In addition to the required liability coverage, some states may also require motor carriers to have cargo insurance or physical damage insurance to protect their vehicles from theft, vandalism, accidents, and other types of damage. Motor carriers should be sure to check with their local state laws for more specific requirements for commercial truck insurance coverage.



What Is The Difference Between Interstate and Intrastate Truck Insurance?

When it comes to commercial truck insurance, there is a distinction between interstate and intrastate commerce. Interstate commerce refers to the transportation of goods across state lines, while intrastate commerce is limited to travel within a single state.
The Federal Motor Carrier Safety Administration (FMCSA) has specific requirements for commercial truck insurance when operating in either interstate or intrastate commerce. The FMCSA sets minimum levels of insurance coverage for all vehicles that transport people or property across state lines. This includes private and for-hire carriers, such as freight companies and motor carriers.
For vehicles that are involved in intrastate commerce, the laws governing commercial truck insurance vary by state. Some states have adopted FMCSA regulations, while others have different requirements. It’s important to research the laws in the state where you plan to operate and purchase the required coverage.


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

Physical Damage Coverage is a form of truck insurance that covers damages to your truck caused by a collision or other incident. It’s an essential form of coverage for any commercial trucker because it helps protect your investment in the event of an accident. This coverage pays for repairs or replacement of your truck and its parts, including the trailer. If you’re leasing a truck from another company, Physical Damage Coverage is typically required as part of the contract.
Depending on your policy, Physical Damage Coverage may cover the cost of repairs or replacement of the truck and its parts due to incidents such as theft, vandalism, fire, hail, wind, and other natural disasters. Some policies may also include glass coverage for cracked windshields or other damaged glass on the vehicle. It’s important to note that this coverage does not typically cover damages due to driver negligence.


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

General liability truck insurance provides protection against any bodily injuries or property damage that occur as a result of your business operations. This type of coverage is essential to protect your business from liability risks and lawsuits. It covers medical expenses, court costs, and other damages if someone is injured on your property or as a result of your trucking operations.
This type of truck insurance can help cover costs associated with personal injury and property damage claims, such as medical bills and legal fees. In addition, it can also cover the cost of lost wages if an employee is unable to work due to an injury. It’s important to remember that while this coverage can help to protect your business, it won’t cover any damage or losses resulting from negligence on your part. That is why it’s important to always operate with safety in mind to minimize your risk of claims.


Non-Trucking Liability Coverage

Non-trucking liability coverage, also known as bobtail insurance, is a form of commercial truck insurance designed to cover the truck and its driver while they are not on the job. It covers the truck if it is being driven for personal use and protects the driver in the event of an accident. Bobtail insurance is an important part of a comprehensive truck insurance policy, as it can protect both the driver and the truck when it is not in use for business purposes.
Bobtail insurance can provide coverage for a wide range of damages, including medical bills, repairs, lost wages, and other costs associated with an accident. It is important to note that Bobtail insurance does not cover the cargo being transported by the truck; this must be insured separately with Motor Truck Cargo coverage. Additionally, Bobtail insurance does not cover any damage caused to the truck itself; Physical Damage coverage is necessary for this.
For those who operate commercial trucks, Bobtail insurance is a must-have part of their overall truck insurance policy. With this coverage in place, drivers can feel secure that they and their vehicles are protected even when not on the job.


Trailer Interchange Coverage

Trailer Interchange coverage is an important form of truck insurance that you should consider if you are a commercial truck driver. This type of coverage protects your business in the event of an accident or other loss involving a trailer you borrow or rent. It pays for repairs to the borrowed or rented trailer and any liability arising from the use of the trailer.
It is important to note that this type of coverage does not cover your own trailer, only the one that you have borrowed or rented. It also does not cover damage to your own truck caused by the borrowed or rented trailer. If you need coverage for your own trailer, you should look into Physical Damage Coverage as part of your truck insurance policy.


Hired and Non-Owned Auto Coveage

Hired and Non-Owned Auto Coverage is a type of commercial truck insurance that protects your business from financial loss due to an accident involving a vehicle that is not owned or operated by your company. It applies when you hire a driver to use their own vehicle for business purposes, such as making deliveries, or if you rent a vehicle for business purposes. This coverage can provide protection against claims for bodily injury and property damage that may occur during the use of these vehicles.
Hired and Non-Owned Auto Coverage is important because it ensures that your business is protected from any financial losses that may occur due to an accident caused by a hired driver or rented vehicle. Without this coverage, you could be held responsible for any resulting claims for damages, including medical bills, pain and suffering, and property damage.
If you own or operate a commercial truck, it’s essential to have the right commercial truck insurance in place. Hired and Non-Owned Auto Coverage is an important part of your overall coverage, helping to protect your business from financial loss in the event of an accident involving a vehicle that is not owned or operated by your company.


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 a independent truck insurance agent 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.


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