The Complete Guide to Commercial Truck Insurance: Protecting Your Fleet and Business
Commercial truck insurance is a critical investment for any business operating heavy-duty vehicles, semi-trucks, or freight transportation services. With the average commercial truck insurance cost ranging from $12,000 to $15,000 annually per vehicle, understanding your coverage options and finding the best rates is essential for maintaining profitability while ensuring comprehensive protection. Understanding Commercial Truck Insurance Requirements Commercial truck insurance differs significantly from standard auto insurance due to the unique risks and federal regulations governing commercial vehicles. The Federal Motor Carrier Safety Administration (FMCSA) mandates minimum liability coverage requirements that vary based on the type of cargo and vehicle weight. Minimum Insurance Requirements by Vehicle Type Interstate Trucking Operations: General freight: $750,000 minimum liability coverage Hazardous materials: $1,000,000 to $5,000,000 depending on materials...