Commercial truck insurance averages $421 monthly ($5,051 annually) for $1 million liability coverage. Most trucking operations need this coverage level to meet FMCSA requirements and broker contracts, so that's the baseline we use throughout this guide.
How Much Are Average Commercial Truck Insurance Costs?
Commercial truck insurance costs $421 per month on average for $1 million in liability coverage. Box trucks start at $388 per month, while HAZMAT semi-trucks run $1,181 per month.
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Updated: January 28, 2026
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Average Cost of Commercial Truck Insurance: Key Takeaways
Commercial truck insurance runs $388 to $1,240 monthly for $1 million liability, depending on your truck type. Box trucks pay the least, HAZMAT tankers pay the most.
What you drive (363% impact), your industry (227% swing), where you operate (242% difference), what cargo you haul (HAZMAT adds 95% to 107%), and how much coverage you carry (183% jump from minimum to $1 million).
Clean driving records save 20% to 40%, higher deductibles cut 15% to 25%, bundling policies drop 10% to 20%, and safety tech earns 5% to 15% off. Shop three insurers, rates vary 30% to 50% for identical coverage.
How Much Does Commercial Truck Insurance Cost?
Note
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.
Factors That Affect Commercial Auto Insurance Costs
Three main factors drive your commercial truck insurance rate.
Truck Type
Biggest factor; rates vary up to 363%
Industry
Transportation pays four times more than financial services
Location
New York costs double what Maine does
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Industry
State
Average Commercial Truck Insurance Cost by State
Where you operate makes a massive difference in what you'll pay. Rates can vary by 242% between states. New York drivers pay $666 monthly ($7,996 yearly) for $1 million in liability coverage, while Maine drivers pay just $275 monthly ($3,298 yearly).
| Maine | $275 | $3,298 |
| Vermont | $279 | $3,344 |
| New Hampshire | $287 | $3,445 |
| Idaho | $301 | $3,612 |
| North Dakota | $309 | $3,712 |
| Iowa | $322 | $3,863 |
| Hawaii | $325 | $3,904 |
| Nebraska | $335 | $4,020 |
| Utah | $342 | $4,100 |
| Alabama | $345 | $4,141 |
| Montana | $348 | $4,177 |
| Wyoming | $350 | $4,203 |
| Kansas | $351 | $4,217 |
| North Carolina | $361 | $4,335 |
| Oklahoma | $362 | $4,347 |
| Arkansas | $369 | $4,430 |
| Wisconsin | $369 | $4,424 |
| Mississippi | $380 | $4,554 |
| Indiana | $382 | $4,579 |
| Kentucky | $389 | $4,674 |
| Ohio | $389 | $4,669 |
| West Virginia | $394 | $4,732 |
| Georgia | $395 | $4,738 |
| New Mexico | $398 | $4,779 |
| Alaska | $400 | $4,798 |
| Virginia | $402 | $4,826 |
| South Carolina | $406 | $4,878 |
| Oregon | $418 | $5,014 |
| Delaware | $420 | $5,040 |
| Tennessee | $423 | $5,081 |
| Arizona | $427 | $5,125 |
| Minnesota | $433 | $5,199 |
| Pennsylvania | $439 | $5,264 |
| Nevada | $441 | $5,294 |
| South Dakota | $456 | $5,470 |
| Colorado | $470 | $5,637 |
| Missouri | $471 | $5,651 |
| Connecticut | $476 | $5,708 |
| Illinois | $485 | $5,818 |
| Texas | $485 | $5,817 |
| Washington | $486 | $5,827 |
| Maryland | $495 | $5,945 |
| Massachusetts | $497 | $5,959 |
| Rhode Island | $503 | $6,040 |
| New Jersey | $516 | $6,194 |
| California | $517 | $6,203 |
| Michigan | $530 | $6,356 |
| Florida | $577 | $6,920 |
| Louisiana | $610 | $7,317 |
| New York | $666 | $7,996 |
Source
MoneyGeek analysis of 2025 commercial truck insurance rates for $1 million CSL liability coverage.
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 |
| 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 |
Source
MoneyGeek analysis of 2025 commercial truck insurance rates for $1 million CSL liability coverage.
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 have lower premiums.
| Transportation/Trucking | $701 | $8,411 |
| Manufacturing | $599 | $7,192 |
| Contractors/Construction | $427 | $5,119 |
| Agriculture/Farming | $328 | $3,936 |
| Restaurants and Food Delivery | $316 | $3,794 |
| Cleaning/Janitorial | $229 | $2,744 |
| Retail | $219 | $2,624 |
| Medical/Healthcare | $196 | $2,347 |
| Professional Services | $194 | $2,329 |
| Financial Services | $183 | $2,197 |
Source
MoneyGeek analysis of 2025 commercial truck insurance rates for $1 million CSL liability coverage across industry types.
Factors Affecting Commercial Truck Insurance Rates
Five things really affect your rate. The biggest factors are what you drive, what you do and where you operate. Your driving record and coverage level also matter.
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. If you increase the liability to $1 million, 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.
- 1Invest in Driver Training and Safety Programs
A spotless fleet record saves 20% to 40%. Enroll drivers in defensive driving courses, implement pre-trip inspection protocols and use ELD data to coach drivers on hard braking and speeding.
- 2Raise Your Deductibles Strategically
Bumping from $500 to $2,500 saves 15% to 25% on physical damage coverage. This works best for newer trucks with lower breakdown risk.
- 3Bundle Commercial Policies
Combining your commercial auto, general liability and cargo coverage with one carrier saves 10% to 20%. Ask about a commercial package policy (CPP) that bundles everything.
- 4Install Fleet Safety Technology
Dash cams, GPS tracking and telematics earn 5% to 15% discounts. Forward-facing cameras help defend against fraudulent claims. Telematics data proving safe driving habits can also help reduce your premium.
- 5Pay Annually Instead of Monthly
Paying your premium in full saves 5% to 10%. For a $5,000 annual premium, that's $250 to $500 back in your pocket.
- 6Leverage Industry Association Group Rates
OOIDA and ATA negotiate group rates for members. The collective buying power of thousands of truckers gets better pricing than you'd secure alone.
- 7Right-Size Your Fleet
Box trucks cost $388 monthly versus $639 for semi-trucks. If local routes don't require an 18-wheeler, downsize where you can. Avoid HAZMAT endorsements on trucks that don't need them since they add 95% to 107% to your rate.
- 8Get Quotes from Specialized Commercial Trucking Insurers
General insurers and trucking specialists price risk differently. We've seen rates vary 30% to 50% for identical coverage. Get quotes from at least three carriers, including at least one that focuses specifically on commercial trucking.
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. Compare quotes from multiple insurers to find the best rate for you.
Average Cost of Commercial Truck Insurance: FAQs
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).
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.
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 influences rates (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. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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.