Top 5 Commercial Truck Insurance

Triston Martin

Jun 13, 2022

Commercial truck insurance can include a mix of liability, collision, and comprehensive coverage, just like personal auto insurance. Commercial truck insurance, however, necessitates larger limits because of the heavier and more valuable vehicles and cargo they transport.


We investigated ten different providers to find the best deal if you need commercial truck insurance. The following is a summary of our findings, which considered factors such as cost, availability, customer feedback, and different types of coverage. Continue reading to find out which commercial truck insurance companies cut.


Progressive


It's a no-brainer to pick Progressive as the top commercial truck insurance company because of its significant market share and a wide range of trucks covered.


More than 12% of the U.S. commercial auto insurance market is covered by Progressive, according to the Insurance Information Institute.


Insurance policies are offered for a wide range of commercial trucks in all 50 states, comprising box trucks, tow trucks, tractor-trailers, ice cream vans, and other specialized vehicles.


Commercial vehicle insurance from Progressive is the finest because of the wide range of coverage and services it offers. This provider offers online rates, various coverage and payment options, and experienced service for commercial truck customers. Progressive provides a specialized service for heavy-duty truck claims and offers accessible insurance filings at the state and federal levels (usually within 48 hours).


Vehicle insurance from Progressive comprises general liability, comprehensive, collision, uninsured/underinsurance, medical payments, and medical negligence protection (PIP) for the driver and passengers on board (PIP). Additional coverages are motor truck cargo, trailer exchange, rental reimbursements (with downtime), non-trucking liability, and fire and theft protection.


Sentry



Since 1904, Sentry has been delivering reliable commercial insurance coverage. If you're looking for a small-scale commercial truck insurance carrier, go no further than this company's network of 65 insurance agents specializing in trucking.


It's essential to Sentry that their business truck coverage is tailored to meet your specific needs, even if you're a sole proprietor. They have a well-versed claims team that is well-versed in the nuances of trucking and safety directors with a combined total of more than two decades in the business. Sentry is our top selection for single-truck business owners because of its high degree of knowledge and focus.


Everything from a single driver to an entire fleet can benefit from a policy. With more than 37,000 truckers insured, Sentry offers a variety of coverage options, including personal use and non-trucking liability insurance. You'll have to call or look for an estate person to acquire additional information because no quotations are available online.


The Sentry had an A+ AM Best rating in 2021, and the NAIC reports receiving several consumer complaints in 2020.


Claims can be filed by phone, and the progress can be viewed online after being filed. When it comes to claims management, Sentry does not outsource; instead, they employ their claims adjusters who specialize in transportation hazards.


The Hartford



For the best fleet insurance, we recommend Hartford, a company that has been in business since 1810. Hartford's commercial insurance covers single vehicles and entire fleets in all 50 states, but Hartford shines in reducing risk for commercial fleets.


For your commercial trucks, you may get general liability and property insurance, workers' compensation, and umbrella and excess liability coverage from The Hartford. Automobiles covered include:


  • Refuse trucks
  • Dry freight and refrigerated trailers
  • Dump trucks
  • Ambulances
  • Snowplow attachments
  • Fire trucks
  • Trailer manufacturers


A single-vehicle policy may better serve businesses with several vehicles on the road because of the lack of coverage alternatives and because The Hartford prefers to write Commercial Auto as part of an overall multi-line account.


You can cut losses and increase safety with FleetAhead's risk management and technology integration. Telematics goods are available from the company, and clients may be eligible for additional discounts if they use them. An agent will be your best bet if you're looking for further information or pricing.


State Farm


Ensuring a single commercial truck or a whole fleet with State Farm is our suggestion if you want the most outstanding customer service experience. In the 2021 J.D. Power U.S. Small Commercial Insurance Study, they came in second for overall customer satisfaction. The NAIC reports that they got considerably fewer complaints from commercial vehicle customers in 2019 than predicted (for their market share).


Truck insurance for individual or fleet pickups, box trucks, tractor-trailers, and more is available from State Farm. The company's coverage options include liability, comprehensive, personal injury protection (PIP), medical expenses, and uninsured/underinsured driver insurance.


All 50 states offer commercial truck insurance. Only a limited amount of information is available on State Farm's website, and there are no online quotations. Instead, you'll need to engage with a local agent to gather further information and purchase your insurance.


AM Best has rated State Farm's financial strength as A++ (Superior), the highest attainable rating.


To Sum It Up


It is up to you and your organization to find the most acceptable commercial truck insurance. Commercial truck insurance is available from several reputable and highly rated providers, ranging from a single food truck to a fleet of tractor-trailers.


Progressive is an excellent option to consider for comprehensive commercial vehicle insurance. This insurance provider covers a wide range of truck kinds and businesses across the United States and offers various discounts. You may want to seek elsewhere if you're looking for something specific policy features.


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