We analyzed commercial truck insurance rates across all 50 states and 10 commercial truck types to give you accurate cost expectations. You'll pay an average of $421 monthly ($5,051 annually) for $1 million liability coverage. State minimum liability runs $149 monthly ($1,785 yearly).
Average Commercial Truck Insurance Cost
Commercial truck insurance costs $421 monthly for $1 million liability. Costs vary by state, truck type and operation.
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Updated: October 30, 2025
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Average Cost of Commercial Truck Insurance: Key Takeaways
Average commercial truck insurance cost is $421 monthly for $1 million liability. Transportation pays $701 monthly. Financial services pays just $183 monthly.
Maine has the lowest rates at $275 monthly. New York charges $666 monthly. Your state can double or triple what you pay.
HAZMAT tanker trucks cost $1,240 monthly vs. $709 for standard tankers (a 75% premium). Hazardous cargo makes a big difference in costs.
What Is the Average Cost of Commercial Truck Insurance?
| $1,000,000 CSL (Combined Single Limit) Liability | $421 | $5,051 |
| 100/300/100 Liability Insurance With $1,000 deductible For Comp and Collision | $385 | $4,619 |
| State Minimum Liability | $149 | $1,785 |
MINIMUM LIABILITY REQUIREMENTS
FMCSA regulations require $750,000 minimum liability for general freight and $1 million for hazardous materials on interstate operations. The rates shown are industry estimates. Your actual costs depend on your driving record, business history and operational details. Learn more about commercial auto insurance requirements.
Find Commercial Truck Insurance for Your Business
Compare quotes from multiple insurers. Select your truck type and state to see personalized rates.
Industry
State
Average Commercial Truck Insurance Cost by State
Where you operate makes a massive difference in what you'll pay. Rates can swing 242% between states. New York drivers fork over $666 monthly ($7,996 yearly) for $1 million liability, while Maine drivers pay just $275 monthly ($3,298 yearly).
| Maine | $275 | $3,298 | 1 |
| Vermont | $279 | $3,344 | 2 |
| New Hampshire | $287 | $3,445 | 3 |
| Idaho | $301 | $3,612 | 4 |
| North Dakota | $309 | $3,712 | 5 |
| Iowa | $322 | $3,863 | 6 |
| Hawaii | $325 | $3,904 | 7 |
| Nebraska | $335 | $4,020 | 8 |
| Utah | $342 | $4,100 | 9 |
| Alabama | $345 | $4,141 | 10 |
| Montana | $348 | $4,177 | 11 |
| Wyoming | $350 | $4,203 | 12 |
| Kansas | $351 | $4,217 | 13 |
| North Carolina | $361 | $4,335 | 14 |
| Oklahoma | $362 | $4,347 | 15 |
| Wisconsin | $369 | $4,424 | 16 |
| Arkansas | $369 | $4,430 | 17 |
| Mississippi | $380 | $4,554 | 18 |
| Indiana | $382 | $4,579 | 19 |
| Ohio | $389 | $4,669 | 20 |
| Kentucky | $389 | $4,674 | 21 |
| West Virginia | $394 | $4,732 | 22 |
| Georgia | $395 | $4,738 | 23 |
| New Mexico | $398 | $4,779 | 24 |
| Alaska | $400 | $4,798 | 25 |
| Virginia | $402 | $4,826 | 26 |
| South Carolina | $406 | $4,878 | 27 |
| Oregon | $418 | $5,014 | 28 |
| Delaware | $420 | $5,040 | 29 |
| Tennessee | $423 | $5,081 | 30 |
| Arizona | $427 | $5,125 | 31 |
| Minnesota | $433 | $5,199 | 32 |
| Pennsylvania | $439 | $5,264 | 33 |
| Nevada | $441 | $5,294 | 34 |
| South Dakota | $456 | $5,470 | 35 |
| Colorado | $470 | $5,637 | 36 |
| Missouri | $471 | $5,651 | 37 |
| Connecticut | $476 | $5,708 | 38 |
| Texas | $485 | $5,817 | 39 |
| Illinois | $485 | $5,818 | 40 |
| Washington | $486 | $5,827 | 41 |
| Maryland | $495 | $5,945 | 42 |
| Massachusetts | $497 | $5,959 | 43 |
| Rhode Island | $503 | $6,040 | 44 |
| New Jersey | $516 | $6,194 | 45 |
| California | $517 | $6,203 | 46 |
| Michigan | $530 | $6,356 | 47 |
| Florida | $577 | $6,920 | 48 |
| Louisiana | $610 | $7,317 | 49 |
| New York | $666 | $7,996 | 50 |
STATE REQUIREMENTS
State requirements vary and some have additional coverage mandates not reflected here. Verify requirements with your state's insurance department.
Average Commercial Truck Insurance Cost by Truck Model
What you drive has a huge impact on your premiums. Costs range from $179 monthly for dump trucks all the way up to $1,240 monthly for hazmat tanker trucks. Farm tractors ($268 monthly) and forklifts ($403 monthly) are most affordable, while HAZMAT cargo doubles or triples rates.
| Box Truck | $388 | $4,659 |
| Food Truck | $392 | $4,700 |
| Dump Truck | $549 | $6,587 |
| Flatbed Truck | $569 | $6,828 |
| Semi-Truck | $639 | $7,672 |
| Tanker Truck | $709 | $8,511 |
| Semi-Truck - HAZMAT Cargo | $1,181 | $14,169 |
| Tanker Truck - HAZMAT Cargo | $1,240 | $14,885 |
Average Cost for Commercial Truck Insurance by Industry Trucking Operation
Your industry matters almost as much as your truck type. Premiums can vary 227% depending on what business you're in. If you're in transportation and trucking, you'll face the steepest rates. Professional services enjoy significantly lower premiums.
| Transportation/Trucking | $701 | $8,411 | 10 |
| Manufacturing | $599 | $7,192 | 9 |
| Contractors/Construction | $427 | $5,119 | 8 |
| Agriculture/Farming | $328 | $3,936 | 7 |
| Restaurants and Food Delivery | $316 | $3,794 | 6 |
| Cleaning/Janitorial | $229 | $2,744 | 5 |
| Retail | $219 | $2,624 | 4 |
| Medical/Healthcare | $196 | $2,347 | 3 |
| Professional Services | $194 | $2,329 | 2 |
| Financial Services | $183 | $2,197 | 1 |
Case Study: Transportation Business
A regional freight company with five semi-trucks in Illinois pays $701 monthly per truck ($8,411 yearly). The total fleet cost is $3,505 monthly ($42,055 yearly). Long-haul operations and freight liability drive elevated premiums.
Case Study: Agriculture Business
Farming operation with three tractors in Iowa pays $328 monthly per vehicle ($3,936 yearly). Total cost is $984 monthly ($11,808 yearly). Local operation and lower road exposure result in lower rates.
What Affects Commercial Truck Insurance Rates?
Five things really drive your rate. The big three are what you drive, what you do and where you operate. Your driving record and coverage level matter too, but those first three create the biggest cost differences you'll see between quotes.
Truck Type (Up to 363% Impact)
Farm tractors run $268 monthly for $1 million liability. Semi-trucks jump to $639 monthly. HAZMAT tanker trucks hit $1,240 monthly (that's 363% more than farm tractors).
Industry/Operation Type (227% Variation)
Financial Services gets away with $183 monthly (57% under the average). Transportation/Trucking faces $701 monthly (67% over average). Your industry drives risk assessment and claims history.
Geographic Location (242% State Variation)
New York hits you with $666 monthly (58% over average). Maine charges just $275 monthly (35% under average). Urban areas tack on 15% to 25% more than rural areas within the same state.
Coverage Level (183% Cost Difference)
State minimum liability starts at $149 monthly baseline. Jump to $1 million liability and you're looking at $421 monthly (183% more). You'll need to balance coverage needs with budget constraints.
Cargo Type (For Trucking)
Standard freight is your baseline for trucking rates. HAZMAT cargo adds 95% to 107% premium increase. High-value goods typically add 30% to 50% increase.
ADDITIONAL FACTORS
Clean driving records save 20% to 40%. Years in business and no claims in three-plus years reduce premiums.
How to Lower Commercial Truck Insurance Costs
You can cut your commercial truck insurance costs by 15% to 50% annually with the right approach. Here's what actually works:
Choose Lower-Risk Trucks
Farm tractors cost $268 monthly vs. semi-trucks at $639 monthly (save $371 monthly or $4,452 per year)
Select Optimal State
Maine costs $275 monthly vs. New York at $666 monthly (save $391 monthly or $4,692 per year)
Maintain Clean Driving Records
No violations save 20% to 40% vs. drivers with tickets or accidents
Increase Deductibles
Raising from $500 to $2,500 typically saves 15% to 25% on collision coverage
Bundle Multiple Policies
Combining commercial auto insurance with general liability insurance saves 10% to 20%
Install Safety Technology
Dash cams, GPS tracking and telematics earn 5% to 15% discounts
Pay Annually
Most insurers offer 5% to 10% discount for full annual payment
Join Industry Associations
OOIDA, ATA membership provides access to group rates. Learn more about how to get business insurance.
Commercial Truck Insurance Average Cost: Bottom Line
Commercial truck insurance averages $421 monthly for $1 million liability, but expect dramatic swings based on what you drive, what you do and where you operate. Your truck type creates the biggest impact; farm tractors run $268 monthly, while HAZMAT tankers hit $1,240 monthly. Shop multiple insurers and compare quotes to find your best rate.
Average Cost of Commercial Truck Insurance: FAQs
Here are answers to the most common questions about commercial truck insurance costs:
What is the average cost of commercial truck insurance?
You'll pay an average of $421 monthly ($5,051 annually) for $1 million liability coverage. State minimum liability averages $149 monthly ($1,785 yearly). Your actual costs vary by truck type, industry, state location and coverage level.
What is the average cost of commercial truck insurance per month?
Most truckers pay around $421 monthly for $1 million liability or $149 for state minimum coverage. Transportation businesses face $701 monthly bills while Financial Services companies enjoy rates as low as $183 monthly. Truck type also impacts costs significantly.
How much does insurance cost for a dump truck?
Dump truck insurance runs $549 monthly ($6,587 annually) for $1 million liability coverage or $179 monthly ($2,146 yearly) for state minimum liability. Dump trucks fall in the middle: cheaper than semi-trucks but pricier than farm tractors.
What factors affect commercial truck insurance rates the most?
Your truck type creates the biggest cost swings (farm tractors at $268 monthly vs. HAZMAT tankers at $1,240 monthly). Industry matters too (Financial Services at $183 monthly vs. Transportation at $701 monthly). State location runs a close third (Maine at $275 monthly vs. New York at $666 monthly).
How can I lower my commercial truck insurance costs?
Lower costs by choosing lower-risk trucks (farm tractors at $268 monthly vs. semi-trucks at $639 monthly), operating in lower-cost states (Maine vs. New York saves $391 monthly) and maintaining clean driving records (saves 20% to 40%). Increasing deductibles saves 15% to 25%, while installing safety technology saves 5% to 15%.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.