The Ultimate List of Top 10 Commercial Truck Insurance Companies in March 2023- Choose Wisely!
Running a successful trucking business involves numerous challenges, one of which is finding the right commercial truck insurance coverage. There are countless insurance providers out there, and the process of finding the best one can be overwhelming. Our comprehensive guide to the top 10 commercial truck insurance companies in the US is here to help. Read on to find out which companies offer the most comprehensive coverage and excellent customer service.
An Overview of the Top Trucking Insurance Companies in 2023
Best for Best commercial truck insurance companies Why did we choose it? Overall Progressive Top commercial auto insurer in the US, available in all 50 states Owner-operators
OOIDA An owner-operator truckers association
Cost
Coverwallet
Enables you to compare quotes and pick the most affordable onePersonalized service Berkshire Hathaway, Sentry
Known for personalized service
Single trucksSentry Tailored policies for a single truck owner Large fleets The HartfordSpecial services for fleets like discounts and risk-engineering Discounts Statefarm, OOIDA Multiple discount schemes
The Ultimate List of Best Trucking Insurance Companies
Progressive Commercial
Nationwide Commercial
Farmers Commercial
Allstate Commercial
State Farm Commercial
Berkshire Hathaway Commercial
Sentry
OOIDA
Cover Wallet
GEICO Commercial
Each of these companies has a proven track record of providing reliable insurance coverage to trucking businesses of all sizes.
Here’s a breakdown of the truck insurance coverages offered by the top 10 commercial truck insurance companies listed in our guide, as well as their major features, pros and cons, and which types of trucking businesses they are well-suited for:
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Progressive Truck Insurance
Progressive Insurance Reviews: ⭐⭐⭐⭐
Best-suited for:
Any type of trucking business, including owner-operators, small fleets, and large fleets.
Major features /Overview
Progressive truck insurance offers customized insurance packages for each trucking business, so you can choose the coverage that fits your specific needs.
Discounts are available for safe drivers, paying in full, and bundling policies
They offer 24/7 claims service and online policy management
Coverage options:
Motor truck cargo
Motor truck general liability
Non-trucking liability
Rental reimbursement with downtime
Trailer interchange
Pros & Cons:
User-friendly website and mobile app Highly customizable coverage options Wide range of discounts available Strong online tools and resources Offer flexible payment options 
Some customers have reported issues with claims handling Prices can be higher than some competitors Might not be the best option for larger trucking companies with a large fleet
Nationwide Truck Insurance
Nationwide Insurance Reviews: ⭐⭐⭐
Well-suited for:
Small to medium-sized trucking businesses with a focus on safety and risk management
Major features/ Overview
Nationwide truck insurance offers flexible payment options and customized coverage packages.
Discounts are available for safe driving and multiple policies.
They offer 24/7 customer service and claims handling.
Coverage options:
Liability coverage
Physical damage coverage
Property damage
Uninsured/underinsured motorist
Medical payments
Collision
Comprehensive
Pros & Cons:
Strong coverage options Discounts available Good customer service Large network of agents Strong financial rating Personalized service Some customers have reported issues with claims handling Prices can be higher than some competitors Limited coverage for high-risk operations
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Berkshire Hathaway Truck Insurance
Best-suited for:
Small to medium-sized commercial trucking businesses
Overview
As a 50-year-old insurance company that has gained a national footprint, Berkshire Hathaway offers insurance from its subsidiaries such as GEICO and biBERK.
Major features:
Huge corporate size
Superior rating of A++ by A.M. Best
Customizable coverage options based on the specific needs of a trucking business
Subsidiaries offering specialized coverage for many sectors
Coverage available for:
Contractors
Caterers/mobile concessions
Dump trucks
Farmers
Logging
Tow trucks/auto haulers
Truckers
Wholesalers/manufacturers
Pros & Cons:
Access to policy information online 24/7 A stable company with the ability to pay out claims Customizable coverage Reputation for providing personalized service to its customers Higher rates compared to some other providers Limited coverage for specialty trucks or high-risk operations Not all the features are available in all states
The Hartford Commercial Insurance
4 years in a row – @KeynovaGroup has ranked The Hartford #1 for small commercial business carriers in overall digital capabilities for 2022. Win over your customers with the #1 small business digital platform. https://t.co/WkuGlXwXzv pic.twitter.com/IQija0oGb0
— The Hartford (@TheHartford) November 4, 2022
Hartford Insurance Reviews: ⭐⭐⭐⭐
Best Suited for:
Small to large trucking companies and owner-operators
Overview
With a focus on exceptional customer service and a reputation for reliability, Hartford trucking insurance is a trusted partner for businesses looking to protect their assets and manage their risk. They also offer safety resources and risk management services to help businesses stay safe and compliant.
Features:
Available in all states
Decent website and excellent mobile app
RecoverCare, which is there to help you after you’ve been injured in an accident
Great customer reviews
AARP membership offers additional advantages
Special services for fleets
Coverages:
Bodily injury coverages
Property damage liability coverage
Collision coverage
Comprehensive coverage
Medical payments coverage
Uninsured/underinsured motorist coverage
Rental car coverage
Personal injury protection (PIP)
Hired and non-owned auto insurance
Pros & Cons:
Strong financial rating and excellent customer service Offer discounts for safe driving and multiple policies Unique, customized coverages Superior commercial auto insurance claims Extra business auto protection with no additional cost Available in all 50 states May not be the most affordable option for smaller trucking companies
Allstate Commercial Truck Insurance
Allstate Insurance Reviews:⭐⭐⭐⭐
Best for:
Small to medium-sized trucking businesses that need customizable coverage options and a local agent to work with.
Overview
Allstate commercial truck insurance provides coverage for a range of vehicles, including liability, physical damage, and cargo protection. With customizable policies and 24/7 claims support, Allstate can help protect your business and keep your trucks on the road.
Features:
5th largest insurance provider across the US
A+ rating from A.M. Best for superior 24/7/365 claims service
Best at claims handling
Outstanding ratings and reviews
Allstate Extended Vehicle Care
Coverages:
Liability
Bodily injury
Property damage
Uninsured/underinsured motorist
Medical payments
Collision
Comprehensive
Pros & Cons:
Strong financial rating and a reputation for excellent customer service Offer a broad range of coverage options Customizable policies Discount satisfaction Ease of setup Premium affordability May not be the most affordable option for smaller trucking companies Allstate’s rates may be higher than some other providers
State Farm Truck Insurance
State Farm Insurance Reviews: ⭐⭐⭐⭐
Best suited for:
Single or fleet pickup trucks, box trucks, tractor-trailers, and more
Overview/Features
Coverage for a variety of commercial vehicles, including delivery vans, box trucks, and semis
Liability coverage to protect against damages or injuries caused to others
Medical payments coverage for injuries sustained by the driver or passengers
Protection against uninsured or underinsured motorists
Discounts for safe driving, multiple vehicles, and more
Flexible payment options, including monthly, quarterly, or annual premiums
24/7 claims assistance and support
Coverage options:
Liability coverage
Physical damage coverage
Medical payments coverage
Uninsured/underinsured motorists coverage
Cargo coverage
Trailer Interchange coverage
Non-owned and hired auto liability coverage
Pros & Cons:
Comprehensive coverage for commercial vehicles used for business purposes Flexible payment options and discounts to help reduce costs 24/7 claims assistance for quick and easy support Coverage can be tailored to fit specific business needs Best for customer service No online quote or purchase option; coverage must be obtained through a State Farm agent Coverage options may vary by location and agent
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Sentry Truck Insurance
Best for:
A small trucking business and owner-operators with one truck
Overview
Started in 1904, Sentry boasts its experience, highly trained staff, and expert claims service when it comes to providing commercial truck insurance.
Major features:
Sentry’s truck insurance policies are heavily focused on single-truck customers
A+ rating from A.M. Best
24/7 claims service
100+ years in business
Coverages:
Liability coverage
Physical damage coverage
Collision
Comprehensive
Motor truck cargo coverage
Non-trucking liability
Pros & Cons:
Operates in all states Suitable for commercial trucking business with unique needs Can work directly with a local truck insurance broker In-house claims handling through claims adjusters who specialize in trucking risks A relatively smaller company No online quotes available May not offer as much coverage for specialty trucks or high-risk operations
OOIDA Truck Insurance
Best for:
Owner-operators and small fleets
Overview
The Owner-Operator Independent Drivers Association (OOIDA) provides truck insurance for owner-operators with authority, and leased owner-operators. As an association, OOIDA represents the position of truckers on all major trucking related issues, in addition to providing insurance.
Major features:
Advocacy efforts on behalf of professional truckers through its interaction with authoritative bodies at state and federal level
Specially designed policies for owner-operators
Truckers can become members to get discounts and rebates on products related to their business
Coverages:
Primary liability
General liability
Physical damage
Motor truck cargo
Passenger accident
Unladen liability
Downtime coverage
Breakdown coverage
Personal property
Limited depreciation coverage
Gap coverage
Supplemental towing and clean-up
Rental reimbursement
Trailer interchange
Pros & Cons:
In-house underwriting Competitive rates Discounts Trucking expertise May not offer as much coverage for large fleets
Coverwallet Truck Insurance
Best for:
Coverwallet is well-suited for small to medium-sized trucking businesses
Overview/major features
Relatively new company started in 2015
Coverwallet’s truck insurance enables you to customize your policy and compare rates, as they are an insurance aggregator
Known for their online platform
Coverages:
Liability coverage
Physical damage coverage
Motor truck cargo coverage
General liability coverage
Workers’ compensation insurance
Non-trucking liability
Bobtail
Cargo
Trailer interchange
Hired and non-owned auto coverage
Pros & Cons:
Easy online quotes with the help of AI Quick purchase possible Suitable to compare and find affordable rates Drivers with a bad credit or driving history can also find suitable coverages Good customer service and discounts Not an insurance carrier, but an aggregator A new company than other carriers on the list Only available for: hot shotters, dump trucks, food trucks, box trucks, car carriers, and log trucks
GEICO Commercial Truck Insurance
GEICO Insurance Reviews: ⭐⭐⭐⭐
Best-suited for:
Owner-operators
Small fleets
Overview
The quick online trucking insurance quotes and easy policy management has to be one of the major benefits of GEICO truck Insurance. Established in 1936, they also offer commercial auto insurance for a range of other vehicles, including cars and vans.
Major features:
Discounts for safety features, bundling, and multi-policies
They offer 24/7 customer service
Flexible payment options
Strong financial rating
Coverage available for:
Pickup trucks
Box trucks
Service utility trucks
Food trucks
Pros & Cons:
Simple online application process Competitive rates Fast claims handling Roadside assistance Tractor-trailer and semi-trucks not covered Limited coverage options Not available in all states May not offer specialized coverage for high-risk operations
Conclusion
The commercial trucking industry is a complex and challenging one, but having the right insurance coverage can help you navigate those challenges with confidence. In this blog, we’ve highlighted the top insurers for 2023, but it’s up to you to review your options and select the provider that meets your specific needs. With the right insurance coverage, you can focus on growing your business without worrying about unexpected setbacks.
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Frequently Asked Questions
Is Progressive truck insurance good?
With decades of experience and being the number 1 commercial auto insurer in the US, Progressive’s truck insurance is good and reliable.
Who has the cheapest commercial truck insurance?
If you are looking for the cheapest commercial truck insurance, you can go to Coverwallet and compare among several carriers, or you can connect with a local truck insurance broker on Agency Height.
How can I lower my truck insurance cost in 2023?
To lower your truck insurance cost, make sure to follow all the proper legal and safety regulations to avoid accidents. Likewise, try to shop around and enquire about discount packages, especially if you are operating a fleet or are looking to bundle or get multiple policies.
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