Commercial Truck Insurance For High Risk Drivers

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Last Updated: January 26, 2022

Commercial truck insurance for high-risk drivers is essential for various businesses that operate heavy vehicles. The policy will vary as per the coverage limits you take. There are various types of commercial truck insurance that might be useful to you or might not. Similarly, it is always best to first analyze the type of your business and the coverages you require.

Costs Attached To Commercial Truck Insurance For High-Risk Drivers

Some factors determining the premiums are as follows:

  • Credit record
  • The driver’s experience and licenses
  • The price of the truck
  • Payment plans
  • Type of product your business ships
  • Operating areas

Trucks have the most road time of all the vehicles on the road, so you need good coverage for commercial truck OR. Firstly, road transportation is the most basic form of transportation within a country. Secondly, all commercial vehicles, trucks are popular vehicles used in road transportation to transfer goods and services. Trucks are comparatively bigger and are also prone to accidents and damages in Oregon. Also, find insurance brokers in the agent directory to get in contact with them. Also, if you’re seeking temporary coverage then make sure to read our blog on temporary commercial truck insurance

commercial truck

Types Of Insurance For Commercial Trucks

Commercial truck insurance includes various types of other insurance under its policy. According to Progressive Commercial in 2020, Progressive’s national average monthly cost for commercial for-hire truck insurance ranged from $640 for specialty truckers to $982 for other transportation truckers. Similarly, it also includes other coverages and protection for various types of vehicles. Let’s look at some of the types of truck insurance:

  • Bobtail Insurance: This insurance policy will protect tractors when it is used without a trailer.
  • Mechanical Breakdown Insurance: This policy helps the owners to cover the repair cost when it exceeds a certain limit.
  • Motor Truck Cargo Insurance: This policy is one of the most useful coverage as it will cover the losses of freight or any other goods inside the vehicle. Similarly, it will cover the damages caused by collision, fire or any other human causes.
  • Motor Truck General Liability Insurance: This policy is the basic policy available in most commercial truck insurance. This policy covers bodily injury, property damage liability, personal injury, medical payments and others.
  • Non-Trucking Liability Insurance: This policy covers the damages caused when the truck is used for personal use.

As a result, the insurance market is very competitive to sell insurance. Since there are so many insurance companies competing on how to sell insurance in order to draw more clients and increase profits, you’ll be able to discover incredible offers faster than you expect. You may also reach an insurer or locate an insurance cluster by visiting a reputable agent list website.  Similarly, consulting an insurance aggregator to find the best insurance carrier is a good idea.

Frequently Asked Questions


Why is the cost of commercial truck insurance so high?

Accidents and violations have a more significant impact on a commercial truck policy than on a standard auto policy because large, heavy vehicles transporting bulk levels of cargo can cause significantly more damage. A minor speeding ticket on a trucker’s driving record could result in a significant increase in their insurance premium.

What kind of insurance do I need for my trucking company?

The trucking industry is undergoing a major technological transformation, bringing new risks and opportunities. A trucking company will typically only insure for the following lines of coverage: Auto Liability, Auto Physical Damage, Cargo, and General Liability.

Why is a trucking company required to have insurance?

Truckers have become mandatory by law to carry primary auto liability insurance. Commercial auto insurance is required for all trucks, including leased vehicles. This liability insurance protects you if a third party is injured in an accident.

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