Trucking business insurance costs vary widely across coverage types, helping you budget effectively for each protection type. Monthly premiums range from $103 for general liability coverage to $270 for workers' compensation insurance.
How Much Does Trucking Business Insurance Cost?
Trucking business insurance starts at $103 per month for general liability coverage. Your specific business details, coverage needs and risk factors will determine your actual rate.
Discover cheap trucking business insurance below.
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Updated: August 22, 2025
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Key Takeaways
Trucking business insurance costs range from $103 to $270 monthly, depending on your coverage type.
Your trucking insurance premiums depend on location, claims history, property types serviced and employee count.
Shop multiple insurers, bundle policies, increase deductibles and pay annually to find affordable trucking business insurance costs.
Average Trucking Business Insurance Cost Overall
| BOP | $152 |
| General Liability | $103 |
| Professional Liability (E&O) | $111 |
| Workers' Comp | $270 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Trucking Business Insurance Cost for General Liability Coverage by State
Your trucking business insurance cost for general liability coverage depends on where you operate. Maine and North Carolina offer the most savings at $89 monthly (versus the $102 national average), helping you plan your business costs effectively.
| Alabama | $101 |
| Alaska | $90 |
| Arizona | $98 |
| Arkansas | $99 |
| California | $115 |
| Colorado | $102 |
| Connecticut | $112 |
| Delaware | $111 |
| Florida | $112 |
| Georgia | $105 |
| Hawaii | $105 |
| Idaho | $98 |
| Illinois | $113 |
| Indiana | $101 |
| Iowa | $98 |
| Kansas | $100 |
| Kentucky | $96 |
| Louisiana | $113 |
| Maine | $89 |
| Maryland | $98 |
| Massachusetts | $108 |
| Michigan | $98 |
| Minnesota | $97 |
| Mississippi | $104 |
| Missouri | $102 |
| Montana | $103 |
| Nebraska | $98 |
| Nevada | $117 |
| New Hampshire | $103 |
| New Jersey | $117 |
| New Mexico | $104 |
| New York | $120 |
| North Carolina | $89 |
| North Dakota | $90 |
| Ohio | $96 |
| Oklahoma | $96 |
| Oregon | $96 |
| Pennsylvania | $119 |
| Rhode Island | $113 |
| South Carolina | $106 |
| South Dakota | $96 |
| Tennessee | $101 |
| Texas | $104 |
| Utah | $98 |
| Vermont | $99 |
| Virginia | $94 |
| Washington | $117 |
| West Virginia | $108 |
| Wisconsin | $101 |
| Wyoming | $95 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Trucking Business Insurance Cost for Workers’ Compensation Coverage by State
Your trucking business cost for workers' compensation varies by state. North Carolina offers the lowest rates at $231 monthly and New York the highest at $314 monthly. Our analysis reveals how state regulations and claim histories create these differences.
| Alabama | $265 |
| Alaska | $245 |
| Arizona | $257 |
| Arkansas | $257 |
| California | $301 |
| Colorado | $267 |
| Connecticut | $295 |
| Delaware | $290 |
| Florida | $291 |
| Georgia | $274 |
| Hawaii | $284 |
| Idaho | $256 |
| Illinois | $297 |
| Indiana | $261 |
| Iowa | $255 |
| Kansas | $260 |
| Kentucky | $252 |
| Louisiana | $308 |
| Maine | $235 |
| Maryland | $257 |
| Massachusetts | $283 |
| Michigan | $255 |
| Minnesota | $252 |
| Mississippi | $269 |
| Missouri | $266 |
| Montana | $269 |
| Nebraska | $256 |
| Nevada | $307 |
| New Hampshire | $266 |
| New Jersey | $305 |
| New Mexico | $269 |
| New York | $314 |
| North Carolina | $231 |
| Oklahoma | $251 |
| Oregon | $250 |
| Pennsylvania | $310 |
| Rhode Island | $297 |
| South Carolina | $275 |
| South Dakota | $254 |
| Tennessee | $262 |
| Texas | $271 |
| Utah | $258 |
| Vermont | $259 |
| Virginia | $247 |
| West Virginia | $280 |
| Wisconsin | $267 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Workers' compensation requirements vary by state and are mandated by state regulations. Survey results reflect limited sample data and may not represent all available rates in your area.
Trucking Business Insurance Cost for Professional Liability Coverage by State
Like other types of business coverage, your trucking cost for professional liability varies by state. The national average for E&O insurance is $111 monthly, with North Dakota offering the lowest rates at $95 and Pennsylvania the highest at $128 per month.
| Alabama | $108 |
| Alaska | $102 |
| Arizona | $104 |
| Arkansas | $106 |
| California | $125 |
| Colorado | $110 |
| Connecticut | $121 |
| Delaware | $119 |
| Florida | $119 |
| Georgia | $115 |
| Hawaii | $117 |
| Idaho | $105 |
| Illinois | $119 |
| Indiana | $107 |
| Iowa | $107 |
| Kansas | $107 |
| Kentucky | $103 |
| Louisiana | $124 |
| Maine | $97 |
| Maryland | $106 |
| Massachusetts | $118 |
| Michigan | $105 |
| Minnesota | $105 |
| Mississippi | $111 |
| Missouri | $109 |
| Montana | $111 |
| Nebraska | $104 |
| Nevada | $125 |
| New Hampshire | $113 |
| New Jersey | $125 |
| New Mexico | $113 |
| New York | $127 |
| North Carolina | $97 |
| North Dakota | $95 |
| Ohio | $103 |
| Oklahoma | $107 |
| Oregon | $104 |
| Pennsylvania | $128 |
| Rhode Island | $125 |
| South Carolina | $117 |
| South Dakota | $103 |
| Tennessee | $112 |
| Texas | $114 |
| Utah | $105 |
| Vermont | $108 |
| Virginia | $100 |
| Washington | $126 |
| West Virginia | $116 |
| Wisconsin | $109 |
| Wyoming | $101 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Trucking Business Insurance Cost for BOP Coverage by State
Business owner's policy rates vary widely for trucking companies based on location. Monthly premiums range from $132 in North Dakota to $183 in New York.
| Alabama | $146 |
| Alaska | $132 |
| Arizona | $144 |
| Arkansas | $149 |
| California | $170 |
| Colorado | $152 |
| Connecticut | $165 |
| Delaware | $162 |
| Florida | $164 |
| Georgia | $153 |
| Hawaii | $155 |
| Idaho | $147 |
| Illinois | $170 |
| Indiana | $150 |
| Iowa | $144 |
| Kansas | $146 |
| Kentucky | $141 |
| Louisiana | $161 |
| Maine | $134 |
| Maryland | $143 |
| Massachusetts | $160 |
| Michigan | $143 |
| Minnesota | $140 |
| Mississippi | $153 |
| Missouri | $152 |
| Montana | $151 |
| Nebraska | $143 |
| Nevada | $170 |
| New Hampshire | $150 |
| New Jersey | $171 |
| New Mexico | $151 |
| New York | $183 |
| North Carolina | $132 |
| North Dakota | $132 |
| Ohio | $139 |
| Oklahoma | $140 |
| Oregon | $146 |
| Pennsylvania | $176 |
| Rhode Island | $168 |
| South Carolina | $157 |
| South Dakota | $142 |
| Tennessee | $148 |
| Texas | $154 |
| Utah | $150 |
| Vermont | $146 |
| Virginia | $137 |
| Washington | $171 |
| West Virginia | $159 |
| Wisconsin | $150 |
| Wyoming | $143 |
How did we determine these rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP coverage. Survey results reflect limited sample data and may not represent all available rates in your area.
Factors Affecting Trucking Business Insurance Cost
Insurance companies look at factors to calculate your trucking business insurance rates. Understanding these cost variables helps with budget planning. We detail these important factors below.
Geographic location
Your business location affects workers' compensation rates due to local regulations and claim frequencies. Operating in areas with severe weather or high cargo theft rates increases your risk profile, creating substantial premium variations between states.
Safety record and claims history
Previous claims impact future premiums, often for three to five years. A single accident or cargo damage claim can substantially increase your general liability rates at renewal.
Types of cargo transported
Hauling hazardous materials or high-value goods carries greater liability risks than standard freight. Transporting chemicals requires specialized coverage, while moving consumer electronics needs higher cargo insurance limits.
Employee count and payroll
Insurers calculate workers' comp premiums based on your total payroll and driver classifications. Adding drivers increases your payroll costs, directly impacting your workers' compensation premiums since insurers calculate your rates per dollar of wages paid.
Services offered
Long-haul operations face different risks than local delivery services. Companies offering specialized transport like refrigerated goods or oversized loads need additional coverage compared to standard freight carriers.
Business size and revenue
Higher annual revenue typically means higher premiums since insurers view larger operations as having greater exposure to claims. A single-truck operation earning $150,000 annually pays less than a fleet company with $2 million in revenue.
Coverage limits
Higher coverage limits provide better protection but cost more monthly. Choosing between different coverage amounts affects your premium.
Equipment and vehicle values
Your truck fleet's value affects insurance costs. A new semi-truck worth $150,000 needs more physical damage coverage than an older truck valued at $50,000, resulting in higher premiums.
Credit score and financial stability
In most states, insurers can consider your business credit score when setting rates. A strong credit score can reduce premiums, while poor credit often increases costs substantially.
How to Get Cheap Trucking Business Insurance
Smart shopping and business practices can lower your trucking insurance costs significantly. Our proven strategies below offer immediate savings opportunities while helping you develop a stronger risk profile for long-term premium reductions.
- 1
Choose the right coverage types for your business
Understanding what types of business insurance your trucking company needs prevents overpaying for unnecessary coverage. Commercial auto liability protects against accidents, cargo insurance covers freight damage, and physical damage coverage protects your trucks. Workers compensation is required if you have employees.
- 2
Shop multiple insurance companies
Insurance rates can differ between carriers for identical coverage. Request quotes from at least three companies to get the best rates. Think about working with an independent agent who can compare multiple carriers for you.
- 3
Bundle your coverage types
Insurance companies provide discounts when you bundle multiple policies together. Combining commercial auto, cargo, and liability coverage with one carrier typically costs less than splitting policies between different insurers.
- 4
Increase your deductibles
Choosing higher deductibles reduces your monthly premium costs. While you'll pay more out of pocket for claims, you can save on your premiums.
- 5
Pay annually instead of monthly
Most insurance carriers charge extra fees for monthly payment plans. Paying your full premium annually can save you money.
- 6
Review and adjust your coverage annually
Your insurance needs change as your trucking business grows. Review your policies yearly to ensure coverage limits match your current operations. Drop unnecessary coverage and adjust limits based on your fleet size and cargo types.
Insurance for Trucking Business Cost: Bottom Line
Trucking business insurance costs range from $103 to $270 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Trucking Business Insurance Cost: FAQ
Business owners often ask about trucking company insurance costs, so we gathered straightforward answers to the most common questions below.
What is the cheapest type of trucking business insurance?
General liability insurance costs $103 monthly for trucking businesses. Most trucking companies need this coverage since it safeguards against customer injuries and damage to property during operations.
How much can I save by bundling my trucking business insurance policies?
Bundling multiple policies with one insurance carrier offers the most cost-effective solution. Combining general liability, commercial auto and property coverage can lead to significant savings on premiums.
What factors make my trucking business insurance more expensive?
General liability insurance is a budget-friendly option for trucking businesses. This basic coverage protects against common third-party claims.
Should I choose a $500 or $2,500 deductible for my trucking business insurance?
Higher deductibles lower your monthly premium costs, but require more cash when filing claims. Consider your financial reserves and claim frequency when choosing your deductible amount.
How much does workers' compensation cost for trucking businesses by state?
Workers' compensation costs for trucking businesses range from $231 monthly in North Carolina to $314 monthly in New York, varying significantly by state regulations and risk factors.
Is business owner's policy (BOP) worth the extra cost for trucking companies?
A BOP costs around $152 monthly and combines essential coverage types into one policy. This bundled approach provides better value than purchasing separate policies for trucking companies as they expand.
How often should I shop around for trucking business insurance quotes?
You should compare trucking insurance quotes annually during renewal time. Getting multiple quotes helps secure better rates, particularly if your business has grown or changed.
How We Determined Trucking Business Insurance Costs
We collected trucking business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
- Two employees (three people total, including the owner)
- $150,000 annual payroll
- $300,000 annual revenue
- Already insured status
- $1 million per occurrence and $2 million total per year for all coverage except BOP, which includes the same limits plus $5,000 business property coverage
This profile represents small trucking businesses requiring comprehensive insurance coverage in most states. We chose companies offering broad national coverage and online quote capabilities, focusing on insurers that actively serve the trucking industry.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.