Best Commercial Truck Insurance
In the US, there are about 3.6 million truck drivers who work for more than 711,000 transportation companies. Finding the finest commercial truck insurance is necessary given the sheer number of trucks that use our roadways.
Commercial truck insurance can include a combination of liability, collision, and comprehensive coverage, just like personal auto insurance.
Contrary to personal auto insurance, commercial truck insurance demands larger coverage limits to take into account the weight and value of the vehicles as well as the cargo they transport.
We went around with ten different providers to find you the best commercial vehicle insurance in the USA.
We came up with the following list after taking into account cost, accessibility, customer happiness, and coverage options.
Continue reading to find out which commercial truck insurance made our list of the best.
The Best Commercial Truck Insurance for 2022
- Best Overall: Progressive
- Best for Single Trucks: Sentry
- Best for Fleets: The Hartford
- Best Value: CoverWallet
- Best Customer Service: State Farm
1. Progressive
Progressive is a clear option for the top overall commercial truck insurance carrier because it has the greatest market share among U.S. commercial insurance providers, covers a variety of trucks, and offers numerous discounts.
PROS
- The best commercial car insurer in the United States.
- accessible across all 50 states
- provides free filings for state and federal insurance
- Various reductions
- includes a broad range of vehicle types
CONS
- Consumer concerns in the past
- Need to work with a representative
- There is a maximum fleet size allowed.
- There may be a travel radius.
Progressive insures more than 12% of the market, making it the largest commercial vehicle insurer in the country, according to the Insurance Information Institute. In addition to covering a wide range of vehicles, including box trucks, tow trucks, tractor-trailers, dump trucks, cement trucks, garbage trucks, delivery trucks, and even ice cream trucks, they also provide commercial truck policies in all 50 states.
Our top pick for the finest commercial vehicle insurance goes to Progressive because of the variety of coverage and features it provides.
This carrier offers its customers expert help in addition to online rates, various coverage options, and payment methods for commercial trucks.
Progressive offers free state and federal insurance filings and a specialized heavy truck claims service (usually issued within 48 hours).
General liability (bodily injury and property damage), comprehensive, collision, uninsured/underinsured motorist, medical costs, and personal injury protection are all covered under Progressive's truck insurance program (PIP).
Motor truck cargo, trailer exchange, rental reimbursement (with downtime), non-trucking liability, and options for fire and theft are additional coverages.
For items like business experience, CDL-certified drivers, electronic logging devices (ELDs), full payment, signing up for EFT/autopay, bundling coverage with personal vehicle insurance, or creating a package, Progressive offers discounts.
Although there are online rates available, you'll need to engage with an agent to find the best coverage for your business.
Agents are on call around-the-clock and accept claims over the phone.
AM Best has rated Progressive's financial soundness as A+ (Superior) since the company was founded in 193. The National Association of Insurance Commissioners' statistics shows that Progressive received more consumer complaints in 2018 than it did in 2019 or 2020.
2. Sentry
Sentry is a carrier that primarily caters to single-truck customers, despite the fact that many carriers provide coverage for large enterprises and trucking fleets.
We recommend them for owner-operators and companies with just one truck due to their high degree of individualized service and sector knowledge.
PROS
- Options for flexible protection
- accessible across all 50 states
- focuses on covering personal usage liabilities and owner-operators
- Online information is scarce.
- require working with a neighborhood agent
- smaller business
Since 1904, Sentry has offered reliable commercial insurance protection.
Although this provider of commercial truck insurance is on the smaller side, they provide coverage in all 50 states through their network of 65 agencies, all of which have a focus on trucking.
Even if you're a single owner-operator, Sentry tailors their commercial vehicle coverage to create the exact policy you need since they believe in personalizing the insurance experience.
They offer qualified safety directors with more than 20 years of expertise in the business, as well as a competent claims team that are familiar with trucking (and the difficulties or requirements it presents). Sentry is our top choice for the best single truck insurance provider because of its degree of experience and specialization, particularly for non-fleet business owners.
Owner-operators, big fleets, and everything in between can all get policies.
Sentry presently offers a variety of liability, physical damage, collision, comprehensive, motor truck cargo, and non-trucking liability (personal use) coverage to more than 37,000 truck drivers.
You will need to call or locate a local agent to acquire additional information since there are no online quotes available.
According to the NAIC, Sentry had a higher-than-average volume of customer complaints in 2020 and an A+ AM Best rating in 2021.
Claims can be readily filed over the phone, and once filed, the status can be seen online.
Sentry has its own claims adjusters who are knowledgeable about shipping risks rather than outsourcing their claim processing.
3. The Hartford
For the best commercial truck insurance for fleets, The Hartford is a clear choice thanks to special programs and discounts designed for multi-vehicle organizations.
PROS
- Fleet-specific discounts, tools, and initiatives
- accessible across all 50 states
- several free coverages
- specialized fleet risk engineering services
- There are no online quotes.
- Customers driving a single vehicle have few options
The Hartford, a company that has been in operation since 1810, is our top choice for the greatest fleet coverage.
The Hartford provides commercial insurance coverage in all 50 states for both single vehicles and fleets, but excels at reducing risk for business fleets.
You can insure your commercial trucks with general liability, property, workers' compensation, umbrella, and excess liability insurance with The Hartford.
Among the vehicles covered are:
- Refrigerated and dry cargo trailers
- garbage trucks
- Ambulances
- truck dumps
- Fire engines
- snowplow accessories
- producers of trailers
Utilizing technology and risk management together, the FleetAhead management platform enables you to minimize loss, ensure safety, and boost driver performance.
Customers may be eligible for additional savings solely for purchasing and using these programs, which they provide a variety of telemetry goods.
You will need to call and chat with an agent to receive further information about price since there are no online quotes available.
You can take advantage of additional free coverages when you get commercial truck insurance from The Hartford. These include, to name a few, the waiver of subrogation, coverage for leased and loaned automobiles, one-deductible-for-two coverage, and glass repair deductible waiver.
4. CoverWallet
Despite the fact that CoverWallet is an insurance aggregator rather than a specific insurance provider, this platform enables commercial truck drivers to quickly and easily buy insurance for their vehicles online, with basic coverage starting at just $125 a month.
PROS
- Simple online quotations are available.
- Simply purchase insurance online.
- Several options for coverage for a variety of trucks
- coverage offered despite poor credit and/or a driving history
- Aggregator platform rather than a single carrier
- Prices could take longer in some circumstances.
A excellent location to start your search for reasonably priced commercial vehicle insurance would be an aggregator platform like CoverWallet.
By enabling consumers to obtain quick quotations from several carriers for a variety of trucks and coverage options, this firm wins our award for the greatest value.
CoverWallet, a company founded in 2015, intends to use AI to simplify the insurance purchasing process for business clients.
For general liability, physical damage, non-trucking liability, bobtail, cargo, trailer exchange, hired, and non-owned auto coverage, they offer quotations in a matter of seconds, even from your phone.
Through CoverWallet, drivers with poor credit histories and/or driving records can still discover and purchase a policy (though, you should expect to pay more in premiums).
These trucks are permitted:
- Heat seekers
- food trailers
- truck dumps
- truck boxes
- car carriers
- log vans
The cost of basic truck insurance starts around $125 per month, but it can change depending on the type of truck, mileage, travel distance, region, coverage limits, and other individual considerations.
Online, the majority of quotations are provided instantaneously, and policies can be purchased in a matter of minutes (with immediate proof of insurance available via email).
The procedure can take up to two business days and may require more information from some drivers in order to provide a price.
5. State Farm
State Farm wins our choice for the best customer service among commercial truck insurance providers because to high satisfaction ratings and below-average customer complaints in two of the last three years.
PROS
- high levels of consumer satisfaction
- coverage for single-vehicle or fleet operations
- accessible across all 50 states
CONS
- Online information is scarce.
- There are no online quotes.
- Must collaborate with agent
State Farm is our suggestion if you're searching for the best customer service, whether you're wanting to insure a single commercial truck or a whole fleet.
According to the NAIC, they got much less customer complaints than anticipated (for their market share) in 2019 among customers who purchased commercial car insurance, earning them the second spot for overall customer satisfaction in the 2021 J.D. Power U.S. Small Commercial Insurance Study.
Customers can obtain commercial truck insurance from State Farm for a single or fleet of pickup trucks, box trucks, tractor-trailers, and other vehicles.
The company provides medical payments, uninsured/underinsured driver, liability, collision, comprehensive, personal injury protection (PIP), and PIP.
In all 50 states, commercial truck insurance is accessible.
There isn't much information available on State Farm's website, and there are no online quotations; you must speak with a local agent to learn more and to create and purchase your policy. State Farm now holds the highest possible financial strength rating of A++ (Superior) from AM Best.
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