Small Fleet Truck Insurance

small trucking fleet insurance
A Truck Fleet usually consists of more than 9 units operated by a single business entity.

How is Truck Fleet insurance different from other commercial truck insurance?

A great deal of trucking insurance consists of 9 units or less, and  is underwritten by computer algorithm.  Data is entered into a program and the premium is automatically generated. 

When an entity grows into a Truck Fleet of 9 or more units, human underwriters become more involved and each risk is personally evaluated.

What do I need to get a truck fleet insurance quote?

Most insurance companies will require :

  • 3 years of Loss Runs
  • IFTAs
  • Financials

Progressive’s new Small Fleet program does not require IFTAs or Financials if the requested radius is Unlimited.

Three years loss history, future estimates of total miles and annual receipts are requested on the application.

How long does it take to get a commercial auto quote for a small trucking fleet?

Most insurance companies ask for 90 days and definitely 75 days with full paperwork prior to the requested effective date of the policy.

Can I get any discounts on the cost of my small truck fleet insurance?

Yes, all insurance companies personally review fleets with professional underwriters and offer safety credits to bid for business they want to write.  Some companies offer credits based on ELD and other electronic tracking. 

Progressive offers a 3% discount if the proposal is submitted with all information at least 45 days prior to the effective date.  Discounts are stacked, so combine advanced quoting, ELD discounts and EFT discounts to reach a 10%+ total discount on your policy.  Learn more about Progressive’s small fleet coverage

What is usually included in a commercial truck fleet insurance quote?

Common coverage includes:

  • Commercial Auto Liability
  • Uninsured/Underinsured Motorist
  • Medical Payments
  • Comprehensive & Collision for Physical Damage of the Units
  • Downtime or Rental Reimbursement
  • Cargo
  • General Liability to cover events outside of the truck
 
Watch the video to learn more about commercial truck liability insurance for owner operators.

Your best bet is to take 5 minutes and call us.

The ladies at CIS will get an idea of what you need so you aren’t wasting hours gathering unnecessary info.  We pride ourselves on making getting truck insurance easy.

What other small motor carriers say about CIS
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