Running a successful trucking business involves numerous challenges, one of which is finding the right commercial truck insurance coverage. The multitude of insurance providers available can make the process of finding the ideal one a daunting task. However, fear not, as our comprehensive guide presents the top 5 commercial truck insurance companies in the US, providing valuable insights to ease your decision-making process. Delve into the details to discover which companies offer the most robust coverage options and exceptional customer service, ensuring your trucking business remains well-protected and equipped for success.
The Ultimate List of Best Trucking Insurance Companies
- Progressive Commercial
- Nationwide Commercial
- Berkshire Hathaway Commercial
- The Hartford Commercial Insurance
- State Farm Commercial
Our guide’s top 5 commercial truck insurance companies have a well-established history of delivering dependable insurance coverage to trucking businesses, regardless of size.
Now, let’s delve into a comprehensive breakdown of the diverse truck insurance coverages offered by these companies. Our guide outlines their key features, advantages, disadvantages, and the specific types of trucking businesses they are best suited to serve. With this invaluable information at your disposal, you can make informed decisions and select the most fitting insurance provider to safeguard your trucking enterprise effectively.
Progressive Truck Insurance
Best-suited for:
- Any type of trucking business, including owner-operators, small fleets, and large fleets.
Major Features/Overview
Progressive Truck Insurance offers customized insurance packages for each trucking business, so you can choose the coverage that fits your specific needs.
- Discounts are available for safe drivers, paying in full, and bundling policies
- They offer 24/7 claims service and online policy management
Coverage options:
- Motor truck cargo
- Motor truck general liability
- Non-trucking liability
- Rental reimbursement with downtime
- Trailer interchange
Pros:
- Intuitive and easy-to-navigate website and mobile app
- Exceptionally adaptable coverage options to suit individual needs
- An extensive array of available discounts
- A robust collection of online tools and resources
- Flexible and convenient payment choices
Cons:
- Some customers have reported issues with claims handling
- Prices can be higher than some competitors
- Might not be the best option for larger trucking companies with a large fleet
Nationwide Truck Insurance
Best-suited for:
- Small to medium-sized trucking businesses with a focus on safety and risk management
Major Features/Overview.
- Nationwide truck insurance offers flexible payment options and customized coverage packages.
- Discounts are available for safe driving and multiple policies.
- They offer 24/7 customer service and claims handling.
Coverage options:
- Liability coverage
- Physical damage coverage
- Property damage
- Uninsured/underinsured motorist
- Medical payments
- Collision
- Comprehensive
Pros:
- Strong coverage options
- Discounts available
- Good customer service
- Large network of agents
- Strong financial rating
- Personalized service
Cons:
- Some customers have reported issues with claims handling
- Prices can be higher than some competitors
- Limited coverage for high-risk operations
Berkshire Hathaway Truck Insurance
Best-suited for:
Small to medium-sized commercial trucking businesses
Overview.
As a 50-year-old insurance company that has gained a national footprint, Berkshire Hathaway offers insurance from its subsidiaries such as GEICO and biBERK.
Major features:
- Huge corporate size
- Superior rating of A++ by A.M. Best
- Customizable coverage options based on the specific needs of a trucking business
- Subsidiaries offering specialized coverage for many sectors
Coverage options:
- Contractors
- Caterers/mobile concessions
- Dump trucks
- Farmers
- Logging
- Tow trucks/auto haulers
- Truckers
- Wholesalers/manufacturers
Pros:
- Access to policy information online 24/7
- A stable company with the ability to pay out claims
- Customizable coverage
- reputation for providing personalized service to its customers
Cons:
- Higher rates compared to some other providers
- Limited coverage for specialty trucks or high-risk operations
- Not all the features are available in all states
The Hartford Commercial Insurance
Best-suited for:
Small to large trucking companies and owner-operators
Overview.
Renowned for its unwavering commitment to outstanding customer service and a track record of dependability, Hartford Trucking Insurance stands as a reliable ally for enterprises seeking to safeguard their valuable assets and mitigate potential risks. With a customer-centric approach, they have earned the trust of countless businesses, positioning themselves as a preferred insurance partner in the trucking industry. Apart from comprehensive coverage, Hartford Trucking Insurance goes the extra mile by providing an array of safety resources and risk management services, ensuring businesses stay well-protected, compliant, and equipped to handle the challenges of the road.
Major features:
- Available in all states
- Decent website and an excellent mobile app
- RecoverCare, which is there to help you after you’ve been injured in an accident
- Great customer reviews
- AARP membership offers additional advantages
- Special services for fleets
Coverage options:
- Bodily injury coverages
- Property damage liability coverage
- Collision coverage
- Comprehensive coverage
- Medical payments coverage
- Uninsured/underinsured motorist coverage
- Rental car coverage
- Personal injury protection (PIP)
- Hired and non-owned auto insurance
Pros:
- Strong financial rating and excellent customer service
- Offer discounts for safe driving and multiple policies
- Unique, customized coverages
- Superior commercial auto insurance claims
- Extra business auto protection with no additional cost
- Available in all 50 states
Cons:
- May not be the most affordable option for smaller trucking companies
State Farm Truck Insurance
Best-suited for:
Single or fleet pickup trucks, box trucks, tractor-trailers, and more
Overview/ feature.
- Coverage for a variety of commercial vehicles, including delivery vans, box trucks, and semis
- Liability coverage to protect against damages or injuries caused to others
- Medical payments coverage for injuries sustained by the driver or passengers
- Protection against uninsured or underinsured motorists
- Discounts for safe driving, multiple vehicles, and more
- Flexible payment options, including monthly, quarterly, or annual premiums
- 24/7 claims assistance and support
Coverage options:
- Liability coverage
- Physical damage coverage
- Medical payments coverage
- Coverage for uninsured/underinsured Truck
- Cargo coverage
- Trailer Interchange coverage
- Coverage for non-owned and hired auto liability
Pros:
- Comprehensive coverage for commercial vehicles used for business purposes
- Flexible payment options and discounts to help reduce costs
- 24/7 claims assistance for quick and easy support
- Coverage can be tailored to fit specific business needs
- Best for customer service
Cons:
- No online quote or purchase option; coverage must be obtained through a State Farm agent
- Coverage options may vary by location and agent
Conclusion
Navigating the complexities and challenges of the commercial trucking industry requires a sturdy anchor, and at United Finance Insurance, we understand the paramount importance of the right insurance coverage. In this exclusive article, we showcase the top insurers for 2023, providing valuable insights to empower your decision-making process. As you explore your options, we encourage you to handpick the provider that aligns seamlessly with your distinctive needs and aspirations. With United Finance Insurance as your partner, you can embark on a journey of business growth, free from concerns about unexpected setbacks. Embrace the future with unwavering confidence, knowing that our comprehensive insurance coverage has you covered every step of the way.