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.
Most insurance companies will require :
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.
Most insurance companies ask for 90 days and definitely 75 days with full paperwork prior to the requested effective date of the policy.
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.
Common coverage includes:
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.
Virginia’s trucking insurance requirements align with FMCSA’s high federal guideline limits.
A new insurance player is making it more affordable as more competition for Motor Carrier business lowers premiums.
Arkansas Trucking Insurance requirements are easier to meet with a brand new insurance provider finally stepping in to compete for Motor Carriers.
FMCSA requires higher limits of coverage for Motor Carriers, and competition brings lower premiums.
Following FMCSA Federal Guidelines for minimum trucking insurance limits just became more affordable as new competition steps in to reduce premiums.
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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