Road accidents are relatively prevalent in Michigan. 2020 reports even indicate a 10% year-over-year increase in traffic-related deaths. Moreover, tow truck drivers carry twice as much risk since they haul third-party-owned vehicles. However, you can mitigate the risks through tow truck insurance.
The best tow truck insurance providers in Michigan include Progressive, Liberty Mutual, and Prime. Each company has its unique set of pros and cons. Progressive carries the most comprehensive policies, Liberty Mutual boasts a rich company history, and Prime offers specialized policies for high-risk truckers.
Use the following criteria if you find yourself stuck between Progressive, Liberty Mutual, and Prime:
Insurance needs vary on a case-by-case basis, so don’t limit yourself to just one or two options. Consult the most reputable tow truck insurance providers in Michigan, request sample cost estimates, then see which policies suit your company best.
In Michigan, the leading tow truck insurance providers are Progressive, Liberty Mutual, and Prime.
Important factors to consider include the provider's claims process, financial stability, customer reviews, and the versatility of their coverage options.
An insurance provider should have the financial stability to withstand economic challenges and market volatility to ensure they won't cancel policies when facing financial difficulties.
Do you think Michigan has steep insurance rates? Let Assured Standard shed some light on the issue. Check out our brief explanation of the state with the cheapest insurance premiums.
Arthur Williamson graduated with a degree in Business and Management at the University of California, Berkeley. He is knowledgeable about what small and big businesses require to keep operations moving.