Many people drive tractor trailers. In fact, it’s a very popular career choice and one that can be lucrative. As with any vehicle, there are risks of operating a truck on the road. Those risks are to the driver and the general public who also use the same roads and highways for different reasons.
Anyone operating a commercial tractor trailer needs to be properly insured. Tractor trailer insurance is different from other types of insurance and it can vary for many reasons. Here’s some of the most frequently-asked questions about tractor trailer insurance so you can make smart choices and choose the insurance policy that is right for you.
What Is Tractor Trailer Insurance?
Insurance for tractor trailers usually falls under commercial trucking insurance. It is a necessary coverage for anyone who drives a tractor trailer for business purposes. The tractor trailer insurance is meant to protect the driver of the truck, the company or owner if applicable, and anyone else sharing the road with the truck.
It is illegal to operate a tractor trailer on public roads without the proper coverage. There are many different policies available and they all offer different coverages.
How Much is Insurance on a Tractor Trailer?
An overall tractor trailer cost can vary and there are many factors that affect the price. Some of those things include:
- the type of truck
- the driver’s driving record
- the company’s driving and safety record
- the type of business the truck is used for
- where it travels
- how long it is on the road.
If the truck is often driven without a trailer, other types of insurance may be necessary as well. To get an accurate price range, it’s best to get a commercial tractor trailer insurance quote.
What are the Tractor Trailer Insurance Requirements?
Every state has different requirements for insurance and your requirements will depend on the state where your truck is registered.
The Federal Motor Carrier Safety Administration sets rules for the requirements of insurance. There are three different aspects of insurance that must be covered on a tractor trailer insurance policy. Those things include:
- bodily harm
- property damage
- public liability
Depending on the type of freight you haul, your minimum coverage amount could range from $300,000 to $5,000,000. Hazardous material freights require the highest amount of coverage because they are the riskiest to haul.
What Other Types of Trailer Insurance Do I Need?
If you are driving a tractor trailer and want to make sure you are protected in the event that you are in an accident, you need to have a good understanding of the type of insurance for tractor trailer trucks that you need and your coverage limits.
If you are looking for cheap tractor trailer insurance, or just want to learn more about the type of tractor trailer insurance available to you, be sure to contact SocalTruckINs.com. We will give you an accurate quote for your policy and make sure you have everything you need to make your deliveries safely and on time. You can even get a free quote online.