Insurance Article 2 | Regina Minton

Commercial Vehicle Insurance Provider

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Arana's Insurance - Your Trucking Company's Commercial Vehicle Insurance Provider

At Arana's Insurance, we get that you face unique hazards as a specialty vehicle and trucking company owner. That's why we've developed a cost-effective commercial truck insurance program that meets your specific truck insurance needs while saving you money on premiums every time.

We provide comprehensive commercial truck insurance quotes in California. Get a quote from us now!

Do you know if your trucking firm is up to date on essential state and federal insurance documents? For more information about commercial auto insurance, contact our expert staff.

Now, any company owner may take advantage of complete insurance coverage. Get a quote from us and discover about our business experience discount, declarations page, trailer exchange, logging device, add-on, rental reimbursement policy, and other discounts and policy choices.

Get a Quote Today! - Commercial Truck Insurance: What It Is and How Much Does It Cost?

At Arana's Insurance, we specialize in providing low-cost, customised, and all-inclusive commercial trucking insurance coverage alternatives. From owner-operators to fleet accounts, we can help you pick and tailor the trucking insurance coverage choices that are ideal for you. We'll walk you through every step of your commercial vehicle insurance policies from start to finish.

Our commercial truck insurance coverage will help you save time and money with:

Motor Truck Cargo Insurance
Commercial Truck Physical Damage
Trucking General Liability
Excess Liability
Non-Trucking Liability Insurance
Workers' Compensation for trucking companies and truck drivers
And more…

Commonly Insured Commercial Trucks

Services include rental car collision insurance, which we provide to a variety of trucking companies and vehicles. The following are examples of commercial trucks that are commonly insured:

Straight Truck
Box Vehicle
Heavy Truck
Dump Truck
Semi Truck
Tow Truck
Garbage Truck
Flatbed Truck
Pickup Vehicle
And more!

At our company, we understand that each client has different needs. That's why we offer a policy that covers all sorts of commercial truck damage! This way, you can be confident that you're always covered.

Why You Need Insurance as a Commercial Trucking Insurance Company

Commercial truck insurance coverage is available from many carriers. Commercial trucking insurance provides a variety of coverages to tailor your protection to your specific needs. These liability coverage are required by law and range from single trucks to entire fleets. Truck insurance is needed by the following people:

Independent truck owner-operators / truck drivers
Commercial trucking businesses service
Any business that has trucks, vehicles, drivers, or a transportation-related activity

We can assist you in obtaining the best value truck insurance! Call us right now to get your truck insurance quote!

The Most Comprehensive Value-Focused Commercial Truck Insurance Plans

We cover every industry that uses commercial trucks in their trade. These are just a few of the industries we cover:

Produce, grocery, frozen food delivery
Moving company
Building material transportation
Dirt, Sand and Gravel
Automotive Hauling
Container Hauling
Livestock
Restaurant Supplies
General Freight
Anything that requires heavy delivery (Furniture, material, etc)

The Many Benefits Of Commercial Truck Insurance

It provides total truck coverage.
It can help minimize financial and product losses.
It promotes business continuity.
It protects the business image.

Contact Arana's Insurance today!

Frequently Asked Questions

How much does commercial truck insurance cost?

As a truck insurer, you must be aware that numerous elements influence your business trucking insurance rates. If you're a new commercial vehicle company, expect to pay between $12,000 and $18,000 for insurance. Commercial vehicle insurance premiums can exceed $30,000 in some cases. The national average commercial truck insurance costs between $2,000 and $4,000 if you are an owner-operator leased to a motor carrier.

How much does full coverage on a truck cost?

What is the definition of "full coverage" for a commercial vehicle? This phrase usually implies that the truck insurance policy includes sufficient liability insurance as well as comprehensive and collision coverage. If your business truck is stolen or damaged by acts of God, war, or civil unrest, this sort of commercial truck insurance may help you repair or replace it.

Having collision coverage in your commercial truck insurance policy can repair or replace your commercial truck if it’s in an accident with another object. Alternatively, full truck coverage often depends on the kind of vehicles or trucks you are insuring as well and the products involved.

The average monthly insurance cost for commercial vehicles is $75-$150 for cars and $130-$400 for trucks. Additional types of coverage may be available, which would impact the total price.

What kind of insurance do I need for a trucking business?

Trucks and buses are covered by commercial truck insurance. Heavy automotive and transportation firms may require heavy trucking insurance or specific types of coverage, depending on the situation.

Basic Coverage

General Liability Insurance

This is also known as general liability insurance and is usually required by most states. It protects against property damage and bodily injuries caused by day-to-day operational activities, excluding motor vehicle accidents.

Workers’ Compensation Insurance

Worker’s compensation is required by each state, and it pays for an employee's medical bills and lost wages if they get hurt or sick from work. This can include injuries from things like loading cargo or being exposed to hazardous chemicals.

Trucking Liability Insurance

All states have a legal minimum amount of trucking liability insurance that businesses must have to cover any physical injuries and property damages that could occur from driving or operating a truck:

According to federal legislation, anyone operating a truck with a gross weight of 10,000 pounds or more must have $750,000 worth of vehicle insurance.
A commercial vehicle transporting hazardous materials, other than explosives, with a gross weight of 10,000 pounds or more must have $1 million in liability insurance.
Trucking liability insurance for drivers transporting explosives with a gross weight of 10,000 pounds or more is $5 million.
Non-hazardous trucks with a gross weight of less than 10,000 pounds should have $300,000 in insurance coverage.
$5 million worth of insurance is necessary for trucks carrying hazardous materials that weigh 10,000 pounds or less.

Motor Truck Cargo Insurance

This type of trucking insurance covers the items loaded on a truck in case of damage, loss, or incorrect deliverance.

Physical Damage Insurance

This category includes expenses for damage and repairs to the vehicle as a result of automobile accidents, natural calamities, theft, and vandals. It consists of two versions:

Comprehensive coverage – insures damages caused by fire and theft.
Collision coverage – insures damages resulting from accidents.

Additional Coverage

Non-Trucking Liability Insurance

Non-Trucking Liability Insurance protects drivers leasing from a motor carrier while the truck is being used for non-business reasons. This type of insurance covers bodily injuries and damages that occur to other people, including medical bills, replacements, and repairs.

Bobtail Insurance

Liability insurance that covers the driver and truck when it is out for business but not carrying cargo. Some motor carriers require leased drivers to carry this type of insurance.

Why is the Cost of my Truck Insurance Higher than other Vehicles?

Towing insurance rates are often expensive. The following are the most significant elements that influence their pricing:

Trucks Are Expensive

When a truck is damaged in an accident and must be replaced, insurance companies are frequently required to pay more than they would if the vehicle was destroyed. There are numerous reasons why it is more expensive to insure a car.

They Are More Prone to Damage

Trucks may be damaged when driving in low-clearance regions, and because they are more difficult to control, they are more prone to hitting something than a typical passenger car.

Severe Injuries Are More Likely If Something Goes Wrong

If a vehicle is struck by another vehicle in an accident, the probability that the motorist will suffer significant injuries is quite high. As a result, insurance companies consider trucks and their drivers to be at greater risk.

Risk of Property Damage

A typical pickup truck might cause a lot of damage if involved in an accident due to its enormous size and weight. The damage might result in significant property claims in an unfortunate occurrence.

How To Lower Your Commercial Truck Insurance

Although it's not easy to lower trucking insurance premiums, there are ways you can maintain a minimum coverage:

Experienced Drivers with Clean Driving Records

Experienced truck drivers can better deal with difficult working conditions and insurance providers, thus they are more willing to issue lower premiums. The same goes for those with clean driving records or two minor moving violations in three years at most.

Know The Routes Like the Back of Your Hand

The routes on which trucks drive affect trucking insurance premiums. Roads that are away from high-population cities and surfaces that do not have a lot of rocks demand less insurance protection.

Having Newer Models Helps

The cost, condition, and age of a vehicle all affect its insurance premium. Older models require more maintenance and/or repair and therefore need additional coverage. Avoid using vehicles that are 10 years old or less.

Contact an Insurance Broker for a Better Policy

If you want to lower your premium, you can opt for a higher deductible, but keep in mind that this will require larger upfront costs if an accident does happen. Reviewing your insurance policy before changing anything is key here- not all coverages are created equal, and failed attempts at saving money could end up costing more down the line.

Is Truck Insurance Different For Owner Operators?

Yes, but the kinds of insurance required differ depending on the agency.

Owner-Operators on a Permanent Lease with a Motor Carrier

The trucking firm's auto liability insurance will cover them. It covers third-party property damage and injuries resulting from a collision caused by the motor carrier. If you're leasing an owner-operator, you can purchase additional coverage to extend the protection of your policy. Some recommended insurance types are:

Non-Trucking Liability
Occupational Accident
Physical Damage Insurance
Trailer Interchange Coverage
Owner-Operators with Trucking Authority

Independent truckers must have auto liability insurance, with a minimum limit of $750,000 but it is recommended that they have a policy worth up to $1 million. In addition to this, they should also consider purchasing general liability, physical damage, and cargo coverages.