Tow Truck Insurance

Whenever a car breaks down, or there is an accident, it’s almost inevitable that a tow truck is called to help. But what happens when the tow truck itself is involved in an accident? Collisions and damages can happen at any time, and any vehicle is susceptible. This is especially true for tow trucks, which often work in less-than-ideal conditions, in all kinds of weather, and often need to stop on the side of busy roadways.

That’s why it’s important to protect your tow truck and your towing business with specialized Tow Truck Insurance. Continue reading below to learn about the coverage Towing Insurance offers, the cost of insurance, and how best to find a policy that fits your needs.

What is Tow Truck Insurance?

Tow Truck Insurance covers specialized towing vehicles used commercially by roadside service providers, auto body shops, auto mechanic repair shops, auto salvage, and auto club contractors. This type of insurance has been uniquely designed for these companies, and the policies offer coverage chosen with the needs of tow truck owners and operators in mind.

Tow Truck Insurance is essential if you or your business owns, leases, or operates tow trucks. If you are looking to start a tow truck service, knowing what your expenses are is essential. Using the free quote tools on this website, you can get estimated expenses to help you plan. Make sure to bookmark this page, as you will want to compare prices every few years to get the best rates available for tow truck insurance. There are multiple different types of car insurance coverage, so keep reading to get the top information on what you will need for your business.

What Coverages Do Towing Insurance Policies Provide?

Whether you're just starting your roadside service or auto shop business, or are shopping around for a policy that fits you better, it’s important to learn all you can about what Tow Truck insurance can cover.

Tow Truck insurance policies will vary depending on your provider and the policy you choose. Most companies will offer all of the below options for your tow truck policy:

  • Liability Insurance, which covers the cost of injury to your driver and others involved in the accident. This liability insurance also covers damages to property
  • Physical Damage Coverage, which covers the cost of repairs to your tow truck that are caused by collisions or other incidents, such as a fallen branch
  • Medical Payment Insurance, which covers the medical bills of the driver, passengers, and others who are injured in an accident
  • On-Hook Towing Insurance, which pays for repairs or replacement costs if a vehicle you are towing is damaged while being moved. This coverage includes damages caused by fire, theft, and vandalism
  • Garagekeepers Legal Liability Coverage, which covers any damages sustained by a vehicle while it’s parked or being stored in a secure location
  • Uninsured or Underinsured Motorist, which covers any damages caused by an accident that involves a motorist without proper insurance coverage, including hit-and-run situations

What Does Tow Truck Insurance Cost?

Like any insurance policy, the cost will vary on a number of factors. These factors include but are not limited to the number of trucks you own, the type of tow truck you own, the services you provide, your operating hours, your company’s safety program and safety measures, the records of the drivers you employ, and a history of loss or accident. There are numerous ways to save money on tow truck insurance as well, including making sure you are getting all of the discounts you qualify for. Use the resources at Fontana Trucking Insurance to get the best prices. Also, the free truck insurance quote tools here allow you to easily compare prices from multiple companies. This comparison-shopping can also help you save.

Type of Tow Truck Business Cost per year for 1 truck
Rural business with minimum limits of coverage $1,000
Metro area business with recommended limits of coverage $6,000
A business with tickets and accidents $20,000
Over 25% repossessions $10,000
Incidental towing (Towing as part of another business, such as an auto repair shop) $4,000

How Can Businesses Get Tow Truck Insurance?

Finding the best insurance policy for you and your company is important. Using this website, you can price compare between different companies and different plans to try and find the best mix of coverage for you. Once companies and coverages are selected, the team at Fontana provides you with sample quotes. You can also contact companies directly through this site and ask them about their policies. Remember that shopping around is an important part of the process, and you will likely want to compare quotes between at least three tow truck insurance providers. Companies can be contacted utilizing the free quote tools and resources on this website, so getting the best prices for truck insurance available has never been easier.

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