How much is insurance for a semi truck

The trucking industry has seen drastic growth over the years, as a result, the demand for trucking companies is also expanding. Owning or managing a semi like other big investments is a wise decision and getting insurance on a semi is wiser.

Semi trailers are one of the most widely used trucks in the trucking industry.

If you have a fleet of semis and are thinking of setting up your own trucking company, you will need insurance because driving a semi is dangerous and accidents can be quite costly if you don’t have your trucks covered. .

When it comes to selecting the best plan for your trucking business, there are a few factors to consider. You’ll need to find out which form of semi-trailer insurance is right for you, as well as how much it will cost.

In this article, we’ll explain what semi-trailer insurance is, how it works, and how you can buy semi-trailer insurance.

What is semi-trailer insurance?

Semi-trailer insurance is insurance that provides liability coverage for injuries or damage caused by semi-trailer drivers to third parties. Although semi-trailer premiums are higher than vehicle premiums, it is important to note that the risks associated with their operation are also higher.

If you own, lease, or operate a semi-trailer on public roads, you must purchase insurance for the semi-trailer.

Why Get Semi Trailer Insurance Coverage?

To drive on public roads in the United States, you must have adequate auto insurance. The essence is to have a well-organized compensation system in the event of an accident.

Here are a few reasons to get insurance on a semi-trailer truck:

Since any pause in the operations of your business can result in losses, which you must avoid at all costs. The most effective way to do this is to get a fair insurance quote that ensures your business continues to function even when an accident occurs.

A semi-trailer insurance policy will protect you against a host of lawsuits stemming from accidents caused by an uninsured vehicle.

Because an increasing number of trucking companies have it to protect themselves from third-party litigation. Semi-trailer insurance will protect you from bodily injury and property damage caused by your commercial semi-trailer or truck operations.

Semi-trailer insurance covers the cost of repairing your truck in the event of fire, theft, vandalism or broken windows. This coverage safeguards your most valuable asset, which is the truck.

Whether you’re transporting hazardous products like chemicals, fertilizers, or fuels, semi-trailer insurance will protect the cargo you’re transporting in the event of damage or loss. As a result, purchasing semi-trailer insurance may be a good idea.

Finally, all 50 states have truck insurance laws. This coverage is necessary if you drive a truck or own a trucking business. Therefore, purchasing semi-trailer insurance is a must if your business is in the United States.

What are the factors that determine the cost of insurance on a semi-trailer truck?

Because insurers consider various criteria when setting premiums, the cost of semi-trailer insurance can vary widely. The following are the factors that determine the cost of semi-trailer insurance:

Ownership Status – If you are an owner-operator with a permanent lease, the motor carrier will cover your public liability, significantly reducing your overall insurance costs.

Credit history: Insurers look at your credit score and history to see if you’re a good risk. If they see a poor credit history, they will take it as proof that it will cost them more money and adjust their rate accordingly.

Driving experience: The number of years you’ve had your CDL and the number of years you’ve gone without an accident can influence how much you pay for semi-trailer insurance.

Type of Damage Coverage – While insuring the actual cash value of your truck will result in a higher premium, the amount of coverage quoted will be based on its estimated value.

Policy Limits: Policy limits are the amounts the insurer will pay for claims. High limits mean higher rates as the semi truck providers insurance wants to cover the potential cost to them.

Number of trucks you have: The more trucks you have, the higher your semi-trailer insurance premiums will be. When there are many trucks on the road, more accidents are more likely to occur.

Value of your trucks: Semi-trailers are expensive and the more valuable your equipment, the more you will have to pay in insurance. As a result, the cost of insuring a more valuable trailer is higher.

Goods you transport – What you transport will also affect your semi-trailer insurance rates. If you’re transporting hazardous materials like fuel, chemicals, fertilizers, or explosives, you’ll pay more for insurance.

Driving distance: The further you travel, the greater the danger of an accident, and this affects your semi-insurance premium, therefore distance will always have an impact on your insurance premium, for a variety of reasons.

The longer you are on the road, the more likely you are to be involved in an accident. The more time spent behind the wheel, the more tired and worried the driver becomes, which increases the risk.

Company Location: Because each state has its own rules and regulations regarding semi-trailer insurance, insurance prices also differ.

All of these factors have the potential to increase or decrease your insurance premiums.

What are the types of semi-trailer truck insurance?

There are numerous types of trailer insurance you can purchase, and the type will always decide the price of each offer. The following are the various types of semi-trailer insurance that are available:

General Civil Liability Insurance

Covers third party bodily injury and property damage not related to trucking. General liability, for example, covers injuries caused by a customer if he slips in your garage, but not if he hits you with his equipment.

Bobtail insurance

Bobtail insurance protects you and your trailer when you’re driving on business but not hauling a load. If someone sues you after an accident, the coverage will cover your legal costs. Bobtail insurance is frequently required of drivers hired by motor carriers.

Primary Civil Liability Insurance

Compensates you for any injuries or property damage you cause to others while operating your truck. Most truck liability plans require each truck to be listed or named on the policy. If the truck is not scheduled, the insurance companies will not pay the claims.

seguro de compensación de trabajadores

Workers’ compensation insurance is a state-mandated policy that covers medical expenses and lost wages for employees who are injured or become ill on the job.

Workers’ compensation is generally required only for motor carriers and owner-operators with employees, but certain states may require coverage for business owners in high-risk industries.

physical damage insurance

Accidents, natural catastrophes, theft and vandalism, all perils covered by physical damage insurance, which pays for damage and repairs to your truck. Physical damage insurance is not legally required, but is strongly recommended for all drivers.

All of this insurance on semi-trailers is often required by owner-operators who work under their authority.

Now that you know why you need trailer insurance, the factors that affect it, and the different types of trailer insurance, let’s look at the cost of trailer insurance.

How much does insurance cost for a semi trailer?

Typically, the cost of your insurance will be determined by the type of policy you need and the type of truck you drive. Below are the costs of semi-trailer insurance:

seguro de negocio

General liability insurance covers the business as a whole, not just the trucks. General liability insurance costs between $490 and $595.

Bobtail insurance

When a driver and truck don’t haul cargo, bobtail insurance helps pay for their expenses, especially when they travel between jobs. The cost of bobtail insurance is $300 to $400.

Responsabilidad primaria

This covers property damage and other types of accidents that occur as a result of your driving. The cost of primary liability insurance ranges from $4,900 to $7,000.

seguro de compensación de trabajadores

This type of trailer insurance compensates for work-related injuries and also provides income and medical payment benefits. Workers’ compensation insurance costs around $1,600 to $2,000.

Daño físico

This includes coverage for natural disasters, collisions, vandalism, and theft that cause actual physical damage to the truck, and the cost to purchase physical damage coverage is $1,000 to $2,900.

Frequently asked questions about insurance on semi-trailers

What is semi-trailer insurance?

Semi-trailer insurance is insurance that provides liability coverage for injuries or damage caused by semi-trailer drivers to third parties.

Do I need truck insurance?

Yes! According to the Federal Motor Carrier Safety Administration (FMCSA) ruling, you must have adequate insurance to drive on public roads. A certificate of insurance is necessary for your trucking business to operate.

How much is the average cost of semi-trailer insurance per month?

The monthly cost of semi-trailer insurance ranges from $670 to $2,000 on average.

How is the price of semi-trailer insurance calculated?

These are some factors that will be taken into account to determine the price of semi-trailer insurance:

  • Load
  • historial del conductor
  • operating radius
  • ubicación de la empresa
  • estado de la propiedad
  • historial de crédito
  • Value of your trucks
  • Number of trucks you have

What are the best semi trailer insurance companies?

If you are looking for a truck insurance company, you have a few options to consider and they are:

  • Insurance 321 
  • Comercial Progresivo 
  • PA Purpose 
  • Inicio Portafolio 
  • HUB International 

Muestra de descripción de trabajo de representante de ventas para 2022


To drive on public roads in the United States, you must have insurance on a semi-trailer truck. Everything is geared towards providing you with a well-organized compensation mechanism in the event of an accident.

Whether you’re delivering hazardous materials like fertilizers, chemicals, or gasoline, semi-trailer insurance will protect cargo in the event of damage or loss.

Because most commercial insurance companies do not explicitly cover all trucking risks, finding unique insurance packages for your trucks can be challenging. When searching for the best semi-trailer insurance quote, it’s a good idea to compare the offerings of several companies in the business. We hope this article was able to show you how much semi-trailer insurance costs.

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