Get a Free Insurance Quote Today

    Commercial Truck Insurance
    North Carolina Commercial Trucking Insurance

    North Carolina Commercial Trucking Insurance

    North Carolina, which was once a joint territory with South Carolina, was one of the original 13 colonies and became the 12th state in 1789. Before being readmitted into the Union in 1868, it sent most soldiers to fight in the Civil War as a Confederate state.

    Today, the economic backbone of North Carolina looks very different. Due to declining smoking rates, growing competition from other states, and the emergence of a global economy, the three original industries have fallen over the years.

    Currently, businesses such as banking, pharmaceuticals, food processing, technology, and vehicle parts dominate North Carolina's economy. Charlotte is now the second-largest banking center in the United States, and Research Triangle Park is home to over 200 businesses.

    If you operate a business in North Carolina and utilize a vehicle for business purposes, there are insurance agents that are particularly prepared to provide the most cost-effective insurance solutions with low-cost financing.

    Requirements Of Commercial Trucking Insurance In North Carolina 

    Local truck driver

    Local truck drivers and new businesses are required by North Carolina law to maintain a minimum amount of liability insurance. How much you need depends on the nature and location of the freight you transport. If you never move your vehicle out of state and it has a GVW of over 10,000 pounds, you must obtain an intrastate-only USDOT Number and maintain the following levels of insurance coverage:

    $1,000,000Liability Insurance (Oil Transport)
    $5,000,000Liability Insurance (Hazmat)
    $300,000Liability Insurance (Household Goods)
    $750,000Liability Insurance (General Freight)

    Truck drivers that travel to various states must comply with stricter insurance regulations. In addition to the aforementioned, you must comply with all FMCSA regulations for semi-truck insurance. The majority of federal liability limits are either $750,000 or $1,000,000.

    Your insurance agent must submit specific filings to North Carolina and the USDOT. Your insurance provider is aware of which forms to send and will handle all filing on your behalf. These forms advise the government that you have satisfied all DOT truck insurance requirements. They must be received prior to processing your authorization. Typical examples include:

    • The BMC-97
    • Form H
    • Form MCS-96
    • Form E

    Cost Of Commercial Trucking Insurance In North Carolina 

    Cost Of Commercial Trucking Insurance In North Carolina

    In North Carolina, the average cost of commercial truck insurance is $11,049.

    The typical range of premiums is $8,732 to $11,409.

    These rates are based on truckers with a single truck who require cargo, liability, and physical damage insurance. There are a number of factors that affect the cost, including what you are transporting, your driving record, and the length of time you have been operating.

    What Commercial Truck Insurance Covers In North Carolina

    • Primary liability
    • Physical damage coverage
    • Uninsured/underinsured drivers
    • Medical bill coverage
    • Motor truck cargo coverage
    • Non-trucking liability

    Other Insurance Types

    The easiest approach to locating affordable commercial truck insurance in North Carolina is to compare quotes from various providers. Multiple organizations and brokers offer online quotes to make the process more simple for you. Always compare identical coverage types and limit levels to verify you are receiving the best deal.

    assured standard logo
    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.
    Copyright © 2022 Assured Standard. All Rights Reserved.
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram