Commercial vehicle operators need commercial truck insurance. Commercial truck insurance protects your investment and your business against accidents, theft, and other unexpected incidents.
Below are 20 US and Canadian commercial truck insurance carriers. Furthermore, truck insurance buying recommendations. Below:
Why Companies Need Commercial Truck Insurance
Commercial truck insurance is crucial since commercial vehicle accidents can cause expensive damages and legal obligations. Commercial truck insurance protects against theft, fire, and vehicle-related injuries and property damage.
Depending on the load and vehicle size, commercial truck insurance may be needed by law. Without insurance, you risk fines, legal penalties, and company loss.
Last, commercial truck insurance shows clients and partners that you take your business seriously and care for their interests. It may assist develop long-term connections and new business prospects by establishing trust and credibility.
Commercial truck insurance is crucial for business protection, regulatory compliance, and industry reputation.
Progressive Commercial
Progressive Commercial, one of the leading US commercial truck insurance companies, offers coverage for small company owners, owner-operators, and fleet owners. Liability, physical damage, cargo, and non-trucking liabilities are covered. Safe driving, early payment, and combining coverage get savings.
Geico Commercial covers liability, physical damage, and cargo for small companies, owner-operators, and fleet owners. Safety features, numerous cars, and full payment get discounts.
Commercial.
Nationwide Commercial insures commercial trucks for small and big fleets. They provide liability, physical damage, cargo, and refrigerated and hazardous material coverage. Safety features and multi-vehicle plans are discounted.
Liberty Mutual Commercial provides liability, physical damage, cargo, environmental risk, and trucking-specific equipment insurance for small companies, owner-operators, and big fleets. Bundling and cautious driving get discounts.
State Farm Commercial
State Farm Commercial offers liability, physical damage, cargo, non-trucking liability, and rental reimbursement coverage for small businesses and owner-operators. Safe driving and many cars get discounts.
Commuters
Travelers Commercial provides liability, physical damage, cargo, pollution liability, and inland marine coverage for small to big enterprises. Safety features and bundling coverage get savings.
Farmers Commercial Business offers liability, physical damage, cargo, motor truck cargo, and non-trucking liability insurance. Safety features and bundling coverage get savings. Farmers Commercial also offers industry-specific insurance cheat sheets.
Hartford Commercial
The Hartford Commercial offers liability, physical damage, cargo, motor truck cargo, and non-trucking liability insurance for small businesses and owner-operators. Bundling and safety features get discounts.
Allstate Commercial
Allstate Commercial insurance cover company vehicle repairs and driver medical claims in the event of an accident. They cover liability, physical damage, cargo, rental reimbursement, and downtime loss for small firms and owner-operators with commercial truck insurance. Bundling and cautious driving get discounts.
USAA Commercial
This firm may cover medical expenses, a damaged vehicle and trailer, lost goods, and more. USAA Commercial provides liability, physical damage, cargo, rental reimbursement, and downtime loss coverage for small businesses and owner-operators. Bundling and cautious driving get discounts.
Intact Insurance
Canada’s leading commercial truck insurer is Intact. They offer liability, physical damage, freight, and non-owned auto insurance for owner-operators and fleets. They provide US and Mexican transportation coverage.
Aviva Canada
Aviva Canada offers commercial truck insurance for small businesses and owner-operators with liability, physical damage, cargo, and US and Mexico-specific coverage. Bundling and safety features get discounts.
Northbridge Insurance
Northbridge Insurance covers commercial vehicle fleets of all sizes. They provide liability, physical damage, cargo, environmental risk, and trucking-specific equipment coverage. Bundling and safety features get discounts.
Affordability
Economical Insurance offers small businesses and owner-operators commercial truck insurance with liability, physical damage, cargo, rental reimbursement, and downtime loss coverage. Bundling and cautious driving get discounts.
RSA Canada
Commercial truck insurance companies may save money and avoid costly incidents. RSA Canada offers liability, physical damage, cargo, motor truck cargo, and non-trucking liability insurance. Bundling and cautious driving get discounts.
Co-operators
The Co-operators provide customized commercial vehicle insurance for small businesses and owner-operators. They offer liability, physical damage, cargo, and motor truck cargo insurance. Bundling and cautious driving get discounts.
GMI
Gore Mutual Insurance offers liability, physical damage, cargo, rental reimbursement, and downtime loss coverage. Bundling and cautious driving get discounts. Like the others on our list, they offer commercial vehicle insurance for various enterprises.
Canada visitors
Travelers Canada offers commercial truck insurance for small businesses and owner-operators in addition to their travel insurance options. The firm offers liability, physical damage, cargo, pollution liability, and inland marine insurance. Bundling and safety features get discounts.
Chubb’s
Commercial truck policyholders get industry-specific products and services with their bespoke commercial transportation insurance solutions. Chubb Insurance offers liability, physical damage, cargo, rental reimbursement, and downtime loss coverage. Bundling and cautious driving get discounts.
Wawanesa
Wawanesa Insurance offers small companies and owner-operators commercial vehicle insurance in addition to complete commercial product packages covering building and company contents, loss of income, business liability, crime, equipment breakdown, legal expenditure, and cyber threats. They offer liability, physical damage, cargo, rental reimbursement, and downtime loss insurance. Bundling and cautious driving get discounts.
Truck insurance tips:
Don’t take the first quote. Compare rates and coverage from several insurers.
Determine coverage: Based on your company demands and risks, choose the right insurance. Liability, bodily damage, cargo, and non-owned motor insurance are common.
Consider the deductible: Your insurance coverage begins once you pay the deductible. Higher deductibles cut premiums but raise accident-related costs.
Check your policy often to make any required changes.
Assess the insurer: Check the insurance company’s finances and service. Examine state insurance authorities and consumer review websites for firm ratings.
Ask the insurer about discounts for safety features, bundling coverage, and good driving records.
Understand policy: Before signing, read the policy and its exclusions and limits.
Evaluate policies regularly: Insurance needs may vary as your business expands. Check your policy often to make any required changes.
Remember that obtaining truck insurance may be complicated, so deal with an experienced insurance agent who can help you discover the right coverage.