Commercial Trucking Companies - Insurance

Goals

To understand how much commercial trucking companies pay for insurance, as well as the factors that increase or decrease these insuarance costs.

Early Findings

  • According to FitSmallBusiness, commercial truck insurance generally costs between $750 to $2,000 annually for smaller trucks.
  • Annual premiums for semi-trucks are usually within the range of $1,500 to $12,000.
  • Progressive Commercial claimed that "the average specialty trucker spent $6,732 on commercial trucking insurance in 2017".
  • Also, the average transport trucker was reported to have spent $9,540 on insurance in 2017.
  • According to Strong Tie Insurance, the average amount that an owner-operator spends on insurance usually ranges from $8500 to $14000.
  • Progressive Commercial also revealed that in 2017, its "national average monthly cost for commercial truck insurance ranged from $561 for specialty truckers to $795 for transport truckers".

Proposed next steps:

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