Semi-Tractor Trailer Insurance

The trucking industry is a complex industry with many facets. Getting free quotes from multiple companies and agents when looking for trucking insurance is essential, and there are many add-ons people tend to be looking for as well. Depending on what you are transporting, whether you are crossing state lines, which types of vehicles you are using, and a plethora of other variables, you have choices. At Fontana Trucking Insurance, you get free estimates for plans. The professional team at Fontana Trucking Insurance has years of experience answering questions, matching people up with policies, and helping people find the best prices for insurance available. One type of insurance policy that many people are in need of, but not all, is semi-tractor trailer insurance.

What Kind Of Insurance Do I Need For A Semi-Truck?

The general coverages a person will need if they have their Own Authority will generally include primary liability, physical damage, and cargo insurance. Leased owner-operators will often need physical damage insurance, NTL, and/or bobtail insurance. The circumstances surrounding the driver and the vehicle play a role in which type of insurance people will need. In addition to the kinds of insurance semi-truck drivers need, the amount of insurance coverage they choose to get is essential. Many professionals recommend getting higher amounts than the minimum limits, and some companies who hire require it. Depending on the type of insurance is purchased, the costs can range significantly.

How Much Does Big Rig Insurance Cost?

Many variables are considered when determining the rates for big rig insurance. One of the most significant factors is what you are hauling, and your driving record, CDL experience, and garage and address are all impactful variables. Also considered is the radius of operation, the credit score of the company, the value of the vehicles being driven, the structure of the policy, and the payment plan that is selected. People can choose to get bundled policies or individual coverages, which impacts pricing.

Primary liability insurance for tractor-trailers can average between $5,000 and $10,000 and more. General liability insurance can be between 500 and $800, and other policy types such as umbrella policies, physical damage policies, bobtail insurance, cargo insurance, and other endorsements, can add to the pricing. People can see between $2,500 and 5,000 more in costs from added insurance, With cargo insurance often ranging between $400 and $1,000, physical damage insurance often ranging between $1,000 and $3000, and bobtail insurance sometimes being between $300 and $600 more, things add up. 

Costs can also vary depending on whether a person is a leased owner-operator or a new authority. If you are a leased owner-operator, you can often get a policy to cover your tractor-trailer from between $2,000 and $4,000 per year. New authorities will often see insurance rates between $13,000 and $18,000 for the first year. After the first year, the rates will generally go down for new authorities.

Coverage Average Cost
Primary Liability $5,000-12,000
General Liability $500-800
Umbrella Policy $500-700
Physical Damage $1,000-3,000
Bobtail Insurance $350-600
Uninsured / Underinsured Motorist $50-100
Cargo Insurance $400-$1,200
Other Endorsements Varies

Saving Money On Insurance

Drivers and companies can save money on big rig insurance plans using the free quote tools and professional team at Fontana Trucking Insurance. By comparing prices from multiple companies, you can find the best company, policy, and pricing available to suit your needs. Whether you are looking for an umbrella policy, primary liability, uninsured motorist coverage, general liability insurance, or other endorsements, Fontana Trucking Insurance is the top spot to compare. You can also ask for discounts from insurance companies. Having deer guards on your truck, maintaining a good driving record, paying for the policy in advance, and other circumstances can help you lower the cost of your policies. In addition, requesting a higher deductible can help lower the cost of your insurance policies. Keep in mind, however, that you will need to be able to pay for the deductible if an emergency occurs to avoid other negative consequences. Shopping around is the top way to save money on semi-truck insurance policies. Use the simple form on this website or contact the professional agents here to get free quotes. Compare the quotes you receive and select the best big rig insurance plan for you. Stay financially protected with the policy purchased from Fontana Trucking Insurance.

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