Dump truck insurance can cost anywhere between $2,500 and 14,000 per truck annually. The exact price will differ depending on the distances you drive, the materials you haul, and ultimately, the size of your truck.
In some cases, the cost of your dump truck insurance will also depend on the driving and track records of your drivers, the amount of time your company has been in business, and credit history. You will likely be able to score a more competitive rate if you have favorable records of all of the above, and if you have been in the industry for at least two years.
Dump truck insurance is a type of commercial vehicle insurance, and you will definitely need this policy given how driving these massive vehicles has its fair share of risks. In fact, dump trucks have been the leading cause of most on-the-job back over incidents in the past ten years.
With dump truck insurance, you will have coverage for property damage, bodily injury, collision damages, personal injury, comprehensive damage, business interruption, medical payments, and more depending on your provider. As such, you can be assured that dump truck insurance is an investment that will allow you to keep operating your business no matter what happens.
Want to learn more about commercial vehicle insurance? Contact Assured Standard for all your insurance needs and more!