No Down Payment Commercial Truck Insurance

What Is Fleet Insurance

Fleet insurance covers businesses that operate more than one vehicle. The vehicles receive the same coverage options and get a discounted price when in a fleet. While a fleet is typically considered five or more company vehicles, some insurance companies will consider offering a commercial fleet policy if you operate just two or more vehicles for your business.

Houston Tx No Down Payment Commercial Truck Insurance

If youre looking for Houston TX No Down Payment Commercial Truck Insurance, then look no further. Texas Insurance Agency is here to get you the best commercial truck insurance.

We have five locations in the Houston area to serve you. Texas Insurance Agency has offices in the Katy, Pearland, The Woodlands, North Houston, and Galleria/Uptown area. Truck owners can also or request a quote online. We are eager to get you an insurance quote for your Houston TX No Down Payment Commercial Truck Insurance needs.

Texas Insurance Agency is a team of independent insurance agents. That means we do not work for the insurance companies, we work for you!

How Much Commercial Truck Coverage Do I Need

According to the Federal Motor Carrier Safety Administration, commercial trucks are required to carry minimum insurance coverage amounts depending on the vehicle and cargo being driven. The more dangerous the cargo and heavier the truck, the more coverage drivers are required to have.

Minimum commercial truck insurance limits are currently:

• $300,000 for non-hazardous cargo in trucks under 10,001 pounds
• $750,000 for non-hazardous cargo in trucks 10,001 pounds and over
• $1 million for oil being transported by for-hire/private carriers
• $5 million for other hazardous materials or explosives being transported by for-hire/private carriers
• Additional cargo coverage for household goods being transported, $5,000 per vehicle/$10,000 per occurrence

Keep in mind that these are federal minimums additional minimums may be required by certain states, companies, or when hauling specific cargo.

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Who Needs Commercial Truck Insurance

You need commercial truck insurance if you drive a truck for business purposes, require high liability insurance limits, haul special equipment, or transport goods or people. Commercial truck insurance is necessary whether you own one truck that you use for a landscaping business, a fleet of trucks used to haul cargo across the country, or anything in between.

If your personal automobile policy doesnt cover it, you need a commercial truck insurance policy. When in doubt, contact an insurance company or agent to discuss coverage options. You dont want to risk being underinsured.

Nationwide Commercial Truck Insurance

• Does not offer coverage for semi-trucks or tractor trailers
• Received lower customer satisfaction ratings than competing truck insurers for its overall commercial insurance offering

Coverage Options

Nationwides coverages are comprehensive, including auto liability, medical payments, collision and comprehensive insurance, and uninsured and underinsured motorist insurance. Furthermore, business owners can purchase additional coverage options for their trucking company, including motor truck cargo liability insurance. Covered vehicles include box trucks, pickup trucks, and utility trucks, and Nationwide offers an additional specific coverage for farm truck insurance. However, semi-trucks and tractor trailers are not covered by Nationwides commercial vehicle policies. For semi-truck insurance, you will need to go with a different provider.

Company Reputation

Financial Strength

Nationwide has a longstanding history of financial strength and carries excellent ratings with the major credit rating agencies. Nationwide enjoys an A+ rating from both A.M. Best and S& P, along with an A1 rating from Moodys. Together, this means that Nationwide customers can be assured of the companys ability to pay claims in the event of an incident.

Cost

Recommendation

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Commercial Truck Insurance For New Drivers & Companies

It can be difficult for first-time truck insurance buyers to get a good rate because insurers have no track record of safe driving to reference. Especially if the individual is young, the premiums can be much higher than for experienced drivers. New businesses may face similar challenges finding affordable truck insurance.

For this reason, new drivers and companies should look for commercial truck insurance providers with already affordable rates, as well as numerous discounts that can lower the cost of the policy. Based on our research, the company with the best commercial truck insurance company for new drivers is Nationwide, followed by Progressive. Read detailed reviews of each company below.

How We Chose The Best Commercial Truck Insurance

To help you find the best commercial truck insurance, we compared the products offered by 10 different carriers, including Progressive, The Hartford, Sentry, State Farm, GEICO, Berkshire, NITIC, Travelers, OOIDA, and Owner Operator Direct. We looked at factors like the types of trucks covered, coverage options, availability, and consumer satisfaction feedback.

We also looked at whether these companies specialized in a specific type of commercial truck insurance coverage, the types of discounts offered, and how they held up in terms of financial strength ratings.

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Texas Insurance Agency Is Here For Your No Down Payment Commercial Truck Insurance Needs

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What We Need To Provide You A Commercial Truck Insurance Quote

• Department of Transportation Number
• Tractor and Trailer Vehicle Identification Number , Year, Make, Model, and Value
• Commodities Hauled
• Driver and Owner Name, Date of Birth, Driver License Number
• Requested limits on liability, physical damage, and cargo coverage

Once we receive all the information required above we will determine the amount of insurance coverage needed, look for any trucking accidents on all the truck drivers, run the driving record and determine which commercial trucking insurance company has the best rate.

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Simply Business: Best For Truckers Who Want To Compare Several Quotes To Find The Cheapest Commercial Truck Insurance

Simply Business is a cutting-edge insurance provider. The firm has developed its own state-of-the-art platform, based on its proprietary algorithms, to ensure it is able to connect truckers with the commercial truck and other business insurance they need at the most reasonable price. The platform allows truckers to get quotes from several providers at once, making it possible to compare coverage and premium prices from highly reputable insurers all on a single screen.

The firms experts have used their extensive experience to make sure you only have to input the information needed to generate quick and accurate quotes. The entire process should take less than ten minutes, even for coverage as complex as commercial truck insurance. In some cases, Simply Business should be able to provide you with quotes online. However, trucking insurance can be complicated with nuances that need further clarification. In such cases, they way need to call you to discuss your quote options.

Once you get your quote, Simply Business makes it easy to purchase a commercial truck policy online or through an agent. When you get your commercial truck policy through Simply Business, its simple to manage your coverage online, including downloading a certificate of insurance, filing a claim, renewing your insurance, and more. This is especially great for truckers who spend a lot of time out on the road.

Commercial Truck Insurance Costs

The cost of an insurance policy typically refers to how much a business owner must pay in monthly premiums. Higher policy limits correlate with more expensive monthly premiums. Costs for commercial truck insurance vary significantly, depending on factors such as the type of truck , truck size, deductible, type of cargo, and location.

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What Does Commercial Truck Insurance Cost

To best answer this common question, we analyzed our new for-hire truck policies sold from 2020, and divided them into two groups:

• For-hire transport Truckers who haul goods such as general freight and autos
• For-hire specialty Truckers who specialize in a specific niche such as garbage, septic waste or logging

Our national average monthly cost for commercial truck insurance ranged from $640 for specialty truckers to $982 for transport truckers. Remember, these are only averages. Insurance companies use many rating factors to calculate your rate, and each can have a big influence on your premium.

For example, our calculations only include new policies that have both primary liability and physical damage coverages present, and clean driving records for all drivers. You can expect your rate to vary if you have different coverage requirements.

We recommend you start a custom quote online or call us directly to speak with a licensed professional.

Coverages Included In Truck Insurance Tennessee

There are various coverage options available for truck insurance that differ according to the type of truck you own, the type of good you carry, the truck drivers experience, and the risks incurred. Typically, these are the coverages included in truck insurance:

• General Liability Insurance
• Workers Compensation Insurance
• Commercial Umbrella Insurance

Once you have determined what insurance coverages best fit your business or your needs, then you can start shopping. It is essential to work with an insurance brokerage that understands the trucking industry so that you purchase the right insurance with the best company at the lowest price.

Progressive Commercial Truck Insurance

Progressive was founded in 1937 and is headquartered in Mayfield, Ohio. According to data from S& P, Progressive wrote the highest number of commercial auto insurance premiums in the U.S. in 2020. With such a large presence in the commercial truck insurance market, it should be no surprise that Progressive is one of the best-regarded providers out there.

Pros

• As the biggest commercial vehicle insurer in the country, Progressive offers one of the largest selections of truck policies
• Progressives Smart Haul® Program provides discounts when using an electronic logging device
• Has one of the best online price quote tools of any commercial insurer

Cons

• Received slightly lower customer satisfaction scores in a recent J.D. Power survey than competing companies

Coverage Options

Progressive is well-regarded for commercial trucking insurance due to its breadth and depth of policy options. The company insures owner-operators, motor carriers, and private carriers in all 50 states. Progressive offers not only the primary liability insurance required by federal law, but also trucking-specific coverage options such as motor truck cargo, motor truck general liability, non-trucking liability, rental reimbursement with downtime, on-hook towing, and trailer interchange. All of this makes it easier for Progressive to be a one-stop shop for all commercial trucking insurance needs, regardless of your companys size, location, or specialty.

Company Reputation

Financial Strength

Cost

Comparing Commercial Truck Insurance Providers

Coverage Options

When choosing an insurance provider, the coverage options are one of the main factors to consider. While most insurance companies will likely offer the basic general liability and property damage insurance, your business needs might also require additional coverage such as trailer interchange or non-trucking liability. In those cases, it is important to make sure you choose a provider who offers all the types of coverage you need. In addition, it helps to understand the policy limits and terms of coverage for each company so you can choose the plan that is best for you. Also keep in mind that not all insurance companies operate in every state, so business owners with interstate trucking need to ensure they would be covered in each state where they conduct business.

To conduct independent research on different insurance coverage options, the best way to go is to read guides like this one to narrow down a list of your top options. Next, speak with a representative from each company.

Company Reputation

Once youve figured out which insurance companies offer your desired coverage, another thing to keep in mind is the companys reputation. A few trustworthy sources to consult for insurance companies reputations include J.D. Power and the Better Business Bureau .

Financial Strength

Cost

Youre Our First Priorityevery Time

We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

What Does Commercial Truck Insurance Cover

Commercial auto policies were designed for special business vehicles like yours. Heavy duty trucks and specialty vehicles tend to be much larger than the average passenger car. This means they can cause a lot more damage and property damage. Because of this, commercial auto insurance policies have a higher policy limit on what they will cover.

Get the commercial truck insurance coverage you need today!

If your truck is at fault, your business is liable for the damage to other vehicles, other people, and property that belongs to someone else. Commercial auto insurance will have you covered. Give your business peace of mind. Get a no down payment commercial truck insurance quote today!

Best For Small Businesses: Ooida

OOIDA

Why We Chose It: OOIDA offers a variety of affordable insurance options, and it specializes in commercial truck insurance for small businesses.

• Advocacy efforts for small business truckers

• No online quotes

• A few negative customer reviews

• Website isnt as high-tech as some of the other companies

Owner-Operator Independent Drivers Association was founded in 1973 as an international trade association for professional truckers. Its a membership-based organization that represents truckers, and being a member also includes discounts to more than 90 manufacturers and service providers.

In addition to representation, the company offers insurance for truckers including commercial truck insurance and health insurance for truckers and their families. Commercial truck insurance costs vary based on the type of coverage, vehicle value, type of load, driving record, and other variables. You can apply for coverage over the phone with an agent who will recommend a policy tailored to your businesss needs. Coverage requirements vary, and the agent will discuss more details about what is needed to qualify.

Typical policies include primary and general liability, physical damage coverage, passenger accident, and motor truck cargo. The company offers coverage to owner-operators and leased owner-operators.

Why Triumph Insurance Group

Our relationship with Triumph Insurance Group ensures you are getting the right business transportation insurance coverage at the best possible price, with multiple programs to help you with your down payment and your premiums.

• Well ensure you get the right insurance that works with your needs and budget.

• 30% down payment is an industry-standard for truck insurance policies. We offer lower down payment options.

• Triumph Insurance has multiple monthly payment options to ease the burden of down payments for truck insurance.

• You get the best small business insurance coverage at the most competitive rate.

• Triumph Insurance experts will walk you through each segment of the renewal process, giving you several options for your specific needs.

• Integrated with your factoring services. Pay your premium or down payment through your factoring fees.

Auto Owners Insurance Careers

1. Why Work at Auto-Owners Career variety is amazing at Auto-Owners. Our associates have meaningful, fulfilling, and challenging career paths. View openings. Uncover why Auto-Owners Insurance is the best company for you. You can browse through all 361 jobs Auto-Owners Insurance has to offer. Full-time.Is Auto-Owners Insurance hiring now?Is it

Best For High Risk: Evolution Insurance Brokers

Evolution Insurance Brokers

Why We Chose It: Evolution Insurance Brokers offers specialized high-risk policies for commercial trucking businesses.

• Specializes in short- and long-haul truck insurance

• Really knows the trucking industry

• Has a smartphone app

• Lesser-known company

• Prices for high-risk policies may be higher

Evolution Insurance Brokers was founded in 1986 as a full-service excess and surplus lines brokerage. The company is a coverholder at Lloyds, one of the worlds preeminent insurance companies.

Commercial truck insurance policies from Evolution Insurance Brokers typically include truck liability coverage, motor truck cargo, hired and non-hired vehicles, and even non-owned trailer liability for companies that rent trailers. The company offers policies to customers that are considered high-risk and that other companies may not insure. They may be considered high-risk for several reasons, including poor driving records, short time in business, carrying hazardous cargo, or previous legal issues.

In addition to trucking insurance, the company offers other specialty insurance in the marine and aviation industries as well as commercial property and professional liability insurance. You can call, email, or fill out an application online to get in touch with an agent who will provide you with a custom policy. They will also answer policy coverage questions and tell you the requirements needed as well as pricing for your specific policy.

Why You Need Commercial Truck Insurance

Your business has special vehicles that perform tasks for you. Your truck is like a workhorse that helps your business succeed. Without it, there would be no business. Therefore it is crucial for you to find the right insurance.

Personal auto insurance is obviously not the right type of insurance in this case. There are two types of insurance options for autos that are used for business. One is business auto insurance. The other is commercial auto insurance.

While these two options sound very similar, they are not the same. It is important not to confuse these insurance types. So, what is the difference, you ask? Lets go over a few examples.