There are dozens of insurance companies that offer commercial truck insurance in the U.S. While having multiple options makes comparison shopping easier, first-timers might find the sheer number intimidating. Where should truckers start looking?
Truck insurance premiums vary primarily based on your chosen insurer. Economical truck insurance companies known for cost-efficient plans like Progressive, State Farm, CoverWallet, The Hartford, GEICO, and Sentry can give you better rates. However, keep in mind that risk and insurability variables will still affect your actual premiums.
Do you want to purchase insurance from GEICO but aren't familiar with the application process? Assured Standard can help! Check out our quick guide on requesting insurance quotes from GEICO.
Progressive doesn’t have the lowest rates, but they provide top-notch protection. Their widely available policies, extensive coverage terms, long-standing reputability, and generous discounts put them at the top of the list.
If you need a truck insurance quote fast, turn straight to GEICO. They follow a streamlined, automated application process that allows truckers to buy insurance online in just 15 to 20 minutes.
The Hartford focuses on providing features and benefits specifically geared toward large fleets of commercial trucks. They also have agents who can help you customize your policy.
Truckers with bad driving records or poor credit records can reach out to CoverWallet for affordable, extensive insurance policies. They cater to a wide range of high-risk trucking companies.
Individual owner-operators looking for the best deals should consider Sentry. They offer some of the best insurance protection and coverage limits for single trucks.
Several other factors apart from cost-efficiency contribute to the practicality of a commercial truck insurance plan. Do not solely prioritize cheap rates. Instead of going with the lowest premiums, opt for policies within your budget that offer extensive liability protection. An insufficiently funded policy cannot mitigate road risks.
At Assured Standard, we understand how some truckers might find the idea of insurance confusing. That’s why we want to help. Read our resources on commercial truck insurance for a good starting point on protecting your company.