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How Much Is Non-Trucking Liability Insurance?

How Much Is Non Trucking Liability Insurance?

The average cost of trucking insurance can go up to $30,000 a year, depending on the amount of coverage you need. Owner-operators can expect to pay around $2,000 to $4,000 if they are leased to a motor carrier. The good news is that non-trucking liability insurance is usually much more affordable and costs an average of $350 to $800 per year. 

Although it isn’t usually required by law, non-trucking liability insurance can be incredibly useful for your business. It typically covers medical and legal expenses for third-party injury or property damage when you are driving your truck for non-business purposes. 

Factors that Impact the Cost of Non-Trucking Liability Insurance

The cost of non-trucking liability insurance will depend on a variety of factors such as driver history, truck model, and business location. Depending on your desired coverage level, you may have to pay much more or less compared to the national average. 

  • Age of Truck Driver: Usually, purchasing insurance for drivers aged 25 and under can be more expensive due to higher levels of risk. On the other hand, coverage may also cost more for drivers over the age of 60.
  • Safety Features: If a truck has safety features like dashboard cameras, collision mitigation features, and blind-spot warning devices, some insurance companies may offer discounts.
  • Years of Operation: A trucking company with a long history of being in business usually have access to more competitive non-trucking liability insurance rates
  • Driver’s History of Accidents: If a driver has a reputation for receiving speeding tickets and other legal violations, this can raise insurance premiums significantly. 
  • Truck Weight: Heavier trucks have more power and can cost more to insure compared to lighter trucks with greater maneuverability 

Investing in non-trucking liability insurance for your business can give you greater peace of mind when it comes to covering expensive legal settlements and medical fees. However, it doesn’t cover physical damage to your truck, so investing in other forms of insurance can create an additional safety net. 

Frequently Asked Questions:

What is the average cost of non-trucking liability insurance?

The average cost of non-trucking liability insurance ranges from $350 to $800 per year.

What factors influence the cost of non-trucking liability insurance?  

Factors like driver history, truck model, age of the driver, safety features of the truck, years of operation, driver’s history of accidents, and the truck's weight can impact the cost.

Does non-trucking liability insurance cover physical damage to my truck?

No, non-trucking liability insurance typically covers medical and legal expenses for third-party injury or property damage but does not cover physical damage to your truck.

Is non-trucking liability insurance required by law?

Non-trucking liability insurance isn't usually required by law, but it can be incredibly useful for covering certain risks during non-business operations.

Does the cost of non-trucking liability insurance vary based on the driver's age?

Yes, insurance for drivers aged 25 and under or over the age of 60 can be more expensive due to perceived risk levels.

Need guidance on how much non-trucking liability insurance should you get? Take a look at our comprehensive article about it to learn more.

Interested in greater cost savings? Learn about which state has the cheapest commercial truck insurance at Assured Standard today! 

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Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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