Best State to start up new Trucking Insurance now
New Owner Operators frequently call to ask about The Best State for Commercial Truck Insurance.
Believe it or not, the answer can fluctuate from year to year based on insurance companies competing for your business.
For years Progressive Insurance cornered the market for new venture startup Owner Operators and small Motor Carriers in virtually all states.
Well a familiar GREEN financial giant has just stepped into the trucking insurance arena in 5 pilot states.
What are the 5 Hot New Battleground States for Commercial Trucking Insurance
- Ohio
- Indiana
- Illinois
- Florida
- Texas
These five pilot states are where the battle begins between the BLUE and the GREEN.
More competition usually leads to lower premiums for Owner Operators and small Motor Carriers.
Before anyone outside of these 5 states gets any creative ideas it’s important to know you can’t just pick whatever state you want to start your trucking insurance:)
All insurance providers use sophisticated algorithms to confirm you live where you say you do.
To establish yourself for trucking insurance in any state:
- You’ll need a physical address where you actually live in that state, along with proof.
- Your vehicle(s) also need to be registered and garaged in that state, along with proof.
- Your driver’s license needs to be in that state, and in most cases all other drivers as well.
Here are each state’s Trucking Insurance Requirements:
- Ohio Commercial Truck Insurance Requirements
- Indiana Commercial Truck Insurance Requirements
- Illinois Commercial Truck Insurance Requirements
- Florida Commercial Truck Insurance Requirements
- Texas Commercial Truck Insurance Requirements
What if you don’t live in the 5 Hot Battleground States for Trucking Insurance
Recent average trucking insurance rates for all states have not been published.
Please be aware that the comparison of trucking insurance below reflects the information that was shared with agents some time ago.
Although the listed premiums may not reflect the current inflation rates and hard market, they still underscore the ongoing disparities among states.
| State | With DOT | Without DOT |
| Alabama | $14,216 | $10,284 |
| Alaska | $9,326 | $6,915 |
| Arizona | $11,797 | $6,102 |
| Arkansas | $14,922 | $10,973 |
| California | $14,041 | $11,834 |
| Colorado | $12,110 | $7,294 |
| Connecticut | $17,004 | $16,946 |
| Delaware | $19,670 | $17,351 |
| Florida | $19,480 | $12,872 |
| Georgia | $20,641 | $15,200 |
| Idaho | $9,008 | $6,887 |
| Illinois | $13,781 | $7,704 |
| Indiana | $11,141 | $8,430 |
| Iowa | $8,866 | $5,615 |
| Kansas | $10,160 | $6,645 |
| Kentucky | $15,500 | $11,555 |
| Louisiana | $23,453 | $19,736 |
| Maine | $13,763 | $9,535 |
| Maryland | $16,056 | $11,112 |
| Massachusetts | $17,017 | $5,447 |
| Michigan | $13,793 | $8,910 |
| Minnesota | $12,820 | $9,669 |
| Mississippi | $4,664 | $3,552 |
| Missouri | $11,757 | $7,646 |
| Montana | $9,492 | $6,501 |
| Nebraska | $8,664 | $6,259 |
| Nevada | $16,912 | $10,681 |
| New Hamp | $11,390 | $6,817 |
| New Jersey | $20,255 | $20,763 |
| New Mexico | $9,738 | $7,298 |
| New York | $16,949 | $17,585 |
| North Carolina | $10,630 | $7,450 |
| North Dakota | $9,206 | $6,456 |
| Ohio | $9,933 | $7,094 |
| Oklahoma | $13,383 | $9,376 |
| Oregon | $11,272 | $8,484 |
| Pennsylvania | $12,470 | $7,536 |
| Rhode Island | $17,220 | $14,046 |
| South Carolina | $13,376 | $9,390 |
| South Dakota | $9,013 | $6,689 |
| Tennessee | $13,773 | $9,592 |
| Texas | $14,497 | $10,533 |
| Utah | $11,110 | $9,121 |
| Vermont | $9,643 | $6,937 |
| Virginia | $13,119 | $9,957 |
| Washington | $12,706 | $8,484 |
| West Virgina | $14,638 | $11,687 |
| Wisconsin | $9,231 | $6,714 |
| Wyoming | $7,149 | $4,927 |
These rates were based on a 40 year old driver with a clean MVR and median insurance credit score, an 8 year old $40K tractor and $22K trailer with $1 Million Primary Liability and $1,000 Deductibles for Comp & Collision.
[Related Story – Save Money on your New Motor Carrier Truck Insurance]
What’s next in the competition for Trucking Insurance
As the BLUE and GREEN contenders now battle it out in the 5 hot states, the GREEN nationwide rollout is on it’s way.
So stay put wherever you are!
Insurance underwriters like stable insureds with good track records that help predict safe future risk exposure.
When insurance companies receive multiple quote requests from the same entity with different states their “gamer radar” goes off.
This is not to your advantage:)
Be sure to choose a Professional Truck Insurance Broker who is easy to understand and partners with the latest insurance competitors.
She knows the ropes and will guide you to the best trucking insurance coverage and premium year after year.
Wherever you live give us a call to chat at CIS today 330-864-1511.
We’re here to help you navigate the always changing marketplace and hit the road with affordable trucking insurance.
