Get Your Commercial Semi Truck Insurance Quote Today

Every state requires trucks to be insured. California assigns the minimum coverage limits for bodily injury liability and property damage liability. Certain types of semi truck insurance are required by law, depending on the state in which you operate. Make sure that you work with an insurance company that understands the industry in your state.

Commercial Semi-Truck Insurance

If an owner-operated truck is leased to a motor carrier, they are usually covered under the trucking company's liability insurance. This coverage is typically only enforced when under a load or dispatch, and it is intended to provide coverage for third-party injuries or damage to property if the motor carrier is held liable.

Types of Insurance an Owner-Operator Needs

An owner-operator must also obtain other types of commercial truck insurance coverage. Typically, this additional coverage is mandated by the trucking company. These include:

Non-Trucking Liability

This semi truck insurance covers property damage or bodily injury in the event of an accident if the driver or truck is not under dispatch and is on personal time. The coverage applies with or without a trailer.

Occupational Accident

Occupational accident coverage is a type of contingent liability insurance that covers the owner-operator if they are leased onto a motor carrier.

The commercial trucking insurance coverage is typically purchased by the owner-operator or the motor carrier, but it's a safeguard for both a fleet and an independent contractor. This policy may provide coverage for accidental death & dismemberment, medical expenses, and disability.

Physical Damage

Physical damage provides you with protection against any losses or damages to your vehicle resulting in an accident with another vehicle, truck, or an object. This type of insurance coverage is important for both motor carriers and owner-operators to carry and is often required.

Gap Insurance

Gap insurance may be necessary if you purchase an expensive truck and choose to finance it.

In some cases, your truck is seriously damaged or totaled, the current depreciated value of the semi truck will be lower than the amount you owe on it. If this happens, your insurance will give you enough coverage to allow you to pay off your loan instead of taking an extensive loss.

Equipment Coverage

Equipment coverage can be added to the physical damage policy to cover additional equipment like chains, tarps, and more that are added to the truck. Equipment insurance can also provide you with compensation if you lose a full tank of gas due to an accident.