While several institutions offer the comprehensive insurance policies that fleet owners need, small startups still have limited choices. Insurers generally prefer tenured trucking companies with a sizable fleet. Insuring multiple units offsets the losses from road accident claims, enabling insurance providers to turn a better profit.
If you need affordable coverage for just one or two units, turn to Sentry truck insurance! Sentry offers customizable truck insurance policies for small-scale truckers with minimal business tenure. Most of their clients even consist of single-truck companies. We encourage all individual owner-operators to explore the different Sentry commercial truck insurance policies available.
Sentry has undergone several changes over the past century. The company started as an in-house mutual insurance company for the Wisconsin Retail Hardware Association in 1904. The company’s sole purpose was initially to insure the hardware’s members.
In 1914, the company founded a separate insurance company, and they began writing auto insurance policies two years later. At this point, the policies were no longer limited to the hardware employees.
The Wisconsin Retail Hardware Association mutual insurance company gradually expanded its offerings through the decades. However, it had its turning point in 1962. The company was officially renamed Sentry, thus becoming a mutual insurance company for the masses.
Today, Sentry ranks among the most reputable insurance providers in the market. They offer customizable commercial insurance policies in every state and have more than 4,500 employees.
Do you want to learn more about Sentry select truck insurance? We have you covered! This in-depth guide will walk you through the basics of their truck insurance policies, the company’s financial strength, and their unique offers.
As most Sentry truck insurance reviews mention, the company offers customizable policies. They offer extensive coverage options geared toward various clients, from individual owner-operators to established truckers overseeing large fleets.
Although having several policy options might seem convenient, it can also feel intimidating for first-time truckers. Jump-start your review of Sentry by comparing their top coverage options.
Sentry is one of the few insurers that also accommodate smaller trucking companies. You can customize their policies to match your insurance needs and budget as you scale your business. Single-truck owner-operators can start with the mandated coverage requirements. On the other hand, established truckers can explore additional coverages as they haul higher-value cargo.
However, truckers get even better deals by participating in Sentry’s discount programs, such as:
Although reading dozens of Sentry insurance semi truck reviews gives you an overall grasp of the company, truckers should focus on financial strength. An insurer’s reliability heavily depends on its financial resources.
Insurance providers with insufficient funds to approve claims might reject their policyholders by the thousands. In the worst case, the insurer could file for bankruptcy. Of course, bankrupt insurance providers still have to compensate their policyholders for their losses. However, the repayment may take years.
Fortunately, Sentry truck insurance reviews show that the company has relatively solid financial ratings. Yes, Sentry is smaller than other insurers. However, the company also boasts more than a century’s worth of industry experience, which enabled them to provide coverage in all 50 states.
To get a more accurate assessment of Sentry’s financial strength, check how the most reputable independent agencies ranked the company:
AM Best gave Sentry a Financial Strength Rating of A+ (superior) for the 30th consecutive year.
First-timers might find it confusing to navigate through the different truck insurance providers. After all, there are dozens of insurers in the country. Between high-risk insurance specialists and cheap primary liability coverages, truckers might not know which policy to prioritize.
Moreover, multiple websites review these companies. A quick Google search will already pull up millions of results comparing the top truck insurance providers in your area. These pieces sometimes even have clashing opinions.
Fortunately, this brief section will help first-timers assess if their trucking business is compatible with Sentry, one of the most notable insurers in the industry. Instead of scrolling through the Sentry insurance semi truck reviews online, do a personal assessment first. Check out the unique benefits that Sentry offers!
Do you still have some questions about commercial truck coverage? Check out what most first-time truckers ask about Sentry truck and tractor insurance policies.
Sentry is a mutual insurance company, meaning most of it is owned by shareholders. Although they offer a diverse range of policies, most of their offers revolve around commercial and business coverage.
Most truckers pay $1,500 to $2,000 per annum to insure one pickup truck, so expect monthly premiums to set you back around $150. Of course, bear in mind that the actual quote changes on a case-by-case basis.
By textbook definition, a commercial insurer is any institution that provides insurance coverage to corporations, enterprises, and even SMBs. Their policies typically cover business risks.
Trucks cost more to insure because of their higher risk assessment. Not only do their repairs and replacement parts cost significantly more, but they are also more prone to road accidents.
Hotshot trucking services typically deal with fragile, hazardous cargo, hence the need for specific coverages. Apart from the mandated $750,000 primary liability insurance, you’ll also need extra hotshot insurance to cover your time-sensitive, high-risk cargo.
Overall, Sentry truck insurance is an excellent option for trucking service providers of all sizes. You can customize your policy based on your need. Whether you manage a sizeable fleet or own and operate a single semi-trailer truck, Sentry will help you get the ideal coverage.
For best results, ask your Sentry commercial truck insurance for help with drafting your policy. Sentry will assign you a designated local agent. They should guide you through the ins and outs of their policies, so you don't have to figure out the contract specifics yourself anymore.
Does your trucking business meet all the mandated insurance requirements? Let Assured Standard shed some light on the topic! Check out our resources page for helpful, in-depth commercial truck insurance guides.