This is a budget planning tool — not an insurance quote. Actual premiums depend on your specific situation and require a licensed insurance agent.

Truck Insurance Cost Estimator

Enter your estimated monthly premiums to build a realistic insurance budget. Use this to plan cash flow and understand how insurance affects your monthly operating costs.

Budget estimate only — not a quote.

Your estimated primary liability premium per truck
Bobtail, NTL, occupational accident, etc.
Enter your estimated premiums and click Calculate.

What affects trucking insurance premiums

This tool adds up your estimated monthly premiums across coverage types for a cash flow planning number. Once you have an estimate, enter it into the Monthly Profit Calculator to see how insurance fits into your overall margin, or use the Cost Per Mile Calculator to factor it into your break-even rate. Actual trucking insurance premiums depend on many factors: operating radius, cargo type, years of CDL experience, safety record (including CSA scores), credit history, and the specific insurer. New authority carriers — generally defined as less than 2 years in business — typically pay significantly higher rates than established operators because insurers treat them as higher risk.

Coverage types explained

  • Primary Liability: Required by FMCSA. Covers bodily injury and property damage to third parties in an accident you cause. Minimum limits vary by cargo type.
  • Physical Damage: Covers your truck and trailer for collision and comprehensive losses. Typically required by lenders if the truck is financed.
  • Cargo Insurance: Covers the freight you are hauling if it is lost, damaged, or stolen. Many brokers require proof of cargo coverage.
  • Non-Trucking Liability (NTL) / Bobtail: Covers you when driving for non-business purposes or without a trailer attached. Required by some lease agreements.
  • Occupational Accident: An alternative to workers' comp for independent owner-operators, covering work-related injuries.

Frequently Asked Questions

What insurance does an owner-operator need?
At minimum, most owner-operators need primary liability (required by FMCSA), physical damage coverage for the truck, and cargo insurance. Non-trucking liability, occupational accident, and bobtail coverage are also common depending on your operating authority and lease arrangement.
Why is trucking insurance so expensive?
Commercial trucking involves large vehicles, long hours, and high-value cargo — all of which increase risk. New authority carriers (operating for less than 2 years) typically pay significantly higher premiums due to limited safety history. Rates tend to improve as your safety record builds.
Can I reduce my trucking insurance costs?
Maintaining a clean safety record, completing safety training, installing dashcams, and building time with a single insurer can help reduce premiums over time. Shopping multiple insurers annually and using an independent agent who specializes in trucking is also recommended.

Disclaimer: This is a budget estimator, not an insurance quote. This tool does not constitute an offer of insurance. Insurance coverage, premiums, and eligibility are determined solely by licensed insurance carriers and agents based on underwriting criteria specific to your situation. Results are not insurance advice.