What is Truckers Physical Damage Insurance
Physical Damage Insurance for Truckers is Comprehensive and Collision coverage that protects the value of your own truck for loss or damage.
Commercial Insurance for Straight Trucks and Box Trucks is very industry standard at this point. In other words, it’s hard to get a load if you can’t prove you have at least this coverage somewhere*:
| Primary Commercial Auto Liability | $1,000,000 CSL |
| Cargo | $100,000 |
* If the Owner Operator has “leased on” to a bigger Motor Carrier, then the Motor Carrier provides the Primary Commercial Auto Liability. Per contract, the Owner Operator is still responsible for providing “Non-Trucking Liability” which means he’s insuring himself while not operating on behalf of the Motor Carrier.
“Non-Trucking Liability” costs much less because it’s only part time coverage. (link)
“Primary” Commercial Auto Liability costs much more because it insures 24/7.
If the Owner Operator of the Straight Truck has chosen to obtain his own DOT number and operate under his own authority then he is responsible for “Primary” Commercial Auto Liability.
Premiums vary WIDELY from state to state.
Obvious factors like the following come into play.
Read our list of 10 tips to reduce your premiums.
GEICO commercial trucking insurance is usually the best. They have a new program that is specifically for box truck operators.
Have your drivers license and VIN number ready to get a fast commercial auto quote on your cargo van or sprinter.
The ladies at CIS love to chat, have many contacts and can give you a lot of free advice on which direction to go.
Physical Damage Insurance for Truckers is Comprehensive and Collision coverage that protects the value of your own truck for loss or damage.
Truckers General Liability insures you for accidents when you’re NOT operating your truck.
Primary Commercial Auto Liability covers you for accidents while you ARE operating your truck.
Commercial Trucking Liability Insurance is essential because as the saying goes, You’re Liable to Get Sued. Here’s an easy cheat sheet.
We shop multiple transportation insurance companies to get the best rates. Whether you’re a new start up, owner operator or an established motor carrier, we have a competitive insurance package for you.
Call us to find out in just a few minutes what it will cost to insure your commercial truck.
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