So, how much does commercial tow truck insurance cost? Well, it can range from $4,000 to $15,000 depending on how many tow trucks you own and what kind of business you have.
The cost of operating a towing business varies greatly. The average amount spent on insurance for one tow truck and storage lot is $8,000, but this can vary depending on the number of trucks you have or storage units available.
Insurance companies consider many different factors when determining your risk, and also your premium price. These factors include:
We hope this blog post was helpful for you in understanding the insurance cost of commercial tow truck insurance. If you have any questions, contact Assured Standard today!
Arthur Williamson graduated with a degree in Business and Management at the University of California, Berkeley. He is knowledgeable about what small and big businesses require to keep operations moving.