Effortlessly Solve Trucking Liability Insurance Filings Confusion Today
Cost Implications and Financial Benefits
The cost of trucking liability insurance varies widely depending on factors such as the type of cargo, the distance traveled, and the company’s safety record. On average, trucking insurance can range from $8,000 to $12,500 per truck annually2. While this may seem like a significant expense, proper insurance coverage provides peace of mind and financial protection against potential lawsuits and claims.
Moreover, some insurance providers offer discounts for companies with excellent safety records or those that implement advanced safety technologies in their fleets. These incentives not only reduce insurance costs but also enhance the overall safety and efficiency of trucking operations.