California Commercial Truck Insurance

What Is It?

California Commercial trucking insurance may assist in protecting commercial trucks against a variety of dangers, such as auto liability claims, physical damage claims to cargo claims.

 

Who's It For?

  • Dump Trucks
  • Long Haul Truckers
  • Produce Haulers
  • General Freight Haulers
  • Amazon Freight Haulers
  • Intermodal Carriers

What Is Offered?

  • Auto Liability Coverage
  • Physical Damage Coverage
  • Unidentified Trailer Coverage
  • Motor Truck Cargo Coverage
  • Truckers General Liability Coverage

 

Commercial Truck Insurance in California

What is California Commercial Truck Insurance?

Welcome to Coast Transport Insurance Service, one of Progressive’s top truck insurance agencies in California. We specialize in providing comprehensive truck insurance coverage tailored to the unique needs of trucking businesses operating in the Golden State. Whether you’re an owner-operator or manage a small fleet of commercial vehicles, navigating the complexities of commercial insurance can be daunting. That’s why we’re here to offer insights and expertise on commercial truck insurance to help you protect your trucks, drivers, and business operations effectively.

Commercial Truck Insurance Coverages

California Commercial truck insurance is essential for trucking businesses operating in our state, providing protection against various risks and liabilities associated with operating commercial vehicles. Understanding the common coverages available under commercial truck insurance policies, along with examples illustrating their importance, can help trucking companies make informed decisions when selecting insurance coverage.

1. Auto Liability Insurance:
Coverage: Auto Liability insurance covers bodily injury and property damage liabilities resulting from accidents for which the insured truck is at fault.

Example: If one of your trucks is involved in an accident that causes bodily injury to another driver and damage to their vehicle, liability insurance would cover the medical expenses of the injured driver and the repair costs for the damaged vehicle.

2. Physical Damage Coverage:
Coverage: Physical damage coverage protects your truck against damage caused by accidents, theft, vandalism, fire, and other perils.

Example: If your truck collides with another vehicle or sustains damage from a fire, physical damage coverage would cover the cost of repairs or replacement of your truck.

3. Cargo Insurance:
Coverage: Cargo insurance provides coverage for the cargo or goods being transported in case of damage, theft, or loss during transit.

Example: If the goods being transported in your truck are damaged due to a collision or stolen during transit, cargo insurance would cover the cost of replacing or repairing the damaged cargo.

4. Workers’ Compensation Insurance:
Coverage: Workers’ compensation insurance provides benefits to employees who suffer work-related injuries or illnesses, including medical expenses, disability benefits, and lost wages.

Example: If one of your truck drivers is injured while loading or unloading cargo, workers’ compensation insurance would cover their medical expenses and provide disability benefits during their recovery period.

5. General Liability Insurance:
Coverage: General liability insurance protects your business against claims of bodily injury, property damage, and personal and advertising injury.

Example: If a third party alleges that your trucking company’s advertising misled them and caused financial harm, general liability insurance would cover the legal costs associated with defending against the claim.

These are some of the common coverages available under commercial truck insurance policies in California. By understanding these coverages and their importance, trucking companies can ensure they have adequate insurance protection to safeguard their assets, drivers, and operations against potential risks and liabilities. Working with an experienced insurance agency like Coast Transport Insurance Service can help trucking businesses customize their insurance coverage to suit their specific needs and mitigate potential financial losses.  Give us a call today if you want to learn more.

What Is The Minimum Amount of Truck Insurance Coverage Required by California Law?

Operating commercial trucks in California comes with certain legal obligations, including maintaining adequate insurance coverage to protect against potential liabilities. It’s essential for trucking businesses to understand the minimum insurance requirements mandated by California law. Below, we’ll outline the minimum amount of truck insurance coverage required by California law:

1. Liability Insurance:

Bodily Injury Liability: California law mandates a minimum bodily injury liability coverage limit of $750,000 per occurrence for trucks weighing over 10,000 pounds. This coverage compensates for injuries or fatalities caused to other individuals in accidents for which the insured truck is at fault.

Property Damage Liability: Similarly, a minimum property damage liability coverage limit of $750,000 per occurrence is required for trucks weighing over 10,000 pounds. This coverage reimburses for damages to other people’s property resulting from accidents involving the insured truck.

Most major insurance companies use a combined single limit (CSL) instead of separating the auto liability out. 

Combined Single Limit (CSL) is a term commonly used in insurance policies, particularly in liability coverage, to denote the total amount of coverage available for bodily injury and property damage in a single insurance policy. Rather than having separate limits for bodily injury and property damage, CSL consolidates these limits into one overall coverage amount. Let’s delve into what Combined Single Limit means and how it works:

Definition of Combined Single Limit (CSL):

Combined Single Limit (CSL) refers to the maximum total amount of coverage available under an insurance policy for both bodily injury and property damage resulting from covered incidents. Unlike split limit policies, which designate separate limits for bodily injury per person, bodily injury per accident, and property damage, CSL provides a single, comprehensive limit that applies to both bodily injury and property damage collectively.

How Combined Single Limit (CSL) Works:

In a CSL insurance policy, the coverage limit represents the maximum amount the insurance company will pay out for all covered claims arising from a single incident, regardless of whether the claims involve bodily injury, property damage, or a combination of both. For example:

  • If a policy has a CSL of $1 million, this means that the insurance company will cover up to $1 million in total for all claims resulting from a single covered incident, whether it involves bodily injury, property damage, or both.
  • If the insured is found liable for bodily injury and property damage totaling $800,000 in a single accident, the insurance company will cover the entire amount, up to the policy’s CSL limit of $1 million.
  • Conversely, if the total claims from the same accident amount to $1.5 million, exceeding the CSL limit of $1 million, the insured would be responsible for the excess amount not covered by the insurance policy.

2. Cargo Insurance:

While not mandated by California law, cargo insurance is often required by shippers and brokers to protect against damage or loss of the cargo being transported. The required coverage amount varies depending on the nature and value of the cargo being transported.

3. Workers’ Compensation Insurance:

Trucking companies with employees are required to carry workers’ compensation insurance in California. This coverage provides benefits to employees who suffer work-related injuries or illnesses and is intended to cover medical expenses, disability benefits, and lost wages.

Did You Know?

  • $152 Billion: The annual revenue generated by California’s trucking industry, showcasing its substantial contribution to the state’s economy.
  • 70%: The percentage of goods transported within California that are carried by commercial trucks, underscoring the industry’s pivotal role in the state’s logistics network.
  • Hundreds of Thousands: The number of individuals employed in various roles within California’s trucking industry, including truck drivers, mechanics, dispatchers, and administrative staff.
  • Billions of Miles: The collective distance covered by California’s truck drivers each year to transport goods within the state and beyond, highlighting the extensive reach of the industry.

What Factors Affect the Cost of Commercial Truck Insurance in California?

California Commercial truck insurance is a critical investment for trucking businesses operating in California, offering financial protection against various risks and liabilities. However, the cost of insurance can vary significantly based on several factors. Understanding these factors can help trucking companies make informed decisions when purchasing insurance coverage. Below are key factors that influence the cost of commercial truck insurance in California:

1. Type of Coverage Needed:

The type and extent of coverage required will have a significant impact on insurance premiums. Comprehensive coverage, including liability, physical damage, cargo, and general liability, will generally result in higher premiums compared to basic coverage options.

2. Driving Record and Experience:

The driving record and experience of the truck drivers covered under the policy can affect insurance premiums. Drivers with a clean driving history and extensive experience are considered lower risk and may qualify for lower premiums.

3. Type of Truck and Cargo:

The type of truck being insured and the nature of the cargo it transports will influence insurance rates. Trucks carrying hazardous materials or high-value cargo may incur higher premiums due to increased risk.

4. Vehicle Usage and Mileage:

The frequency and distance of vehicle usage, as well as the territories in which the trucks operate, will impact insurance costs. Trucks that travel long distances or operate in high-traffic areas may face higher premiums.

5. Safety Features and Technology:

The presence of safety features and technology in the trucks, such as GPS tracking, anti-theft devices, and collision avoidance systems, can lead to premium discounts as they reduce the risk of accidents and theft.

6. Business Location:

The location of the trucking business, including the state and specific regions within California, can affect insurance rates. Factors such as local traffic patterns, weather conditions, and crime rates may influence premiums.

7. Deductibles and Coverage Limits:

The deductible amount and coverage limits chosen by the insured will impact insurance premiums. Opting for higher deductibles or lower coverage limits can result in lower premiums but may also increase out-of-pocket expenses in the event of a claim.

8. Claims History:

The claims history of the trucking business, including the frequency and severity of past claims, will influence insurance premiums. A history of frequent or costly claims may result in higher premiums.

9. Regulatory Compliance:

Compliance with federal and state regulations governing commercial trucking operations, including safety standards and licensing requirements, can impact insurance costs. Failure to comply with regulations may lead to higher premiums or even coverage denial.

10. Market Conditions:

Overall market conditions, including insurance industry trends, economic factors, and supply and demand dynamics, can affect insurance rates. Changes in market conditions may lead to fluctuations in premiums over time.

Navigating the cost of commercial truck insurance in California requires careful consideration of various factors that influence premiums. By understanding these factors and working with an experienced insurance agency like Coast Transport,  Your trucking businesses can make informed decisions to secure adequate coverage while managing insurance costs effectively. Assessing risk factors, implementing safety measures, and maintaining a good claims history can help mitigate insurance expenses over time. Consulting with an insurance agent specializing in commercial truck insurance can provide valuable guidance in selecting the right coverage options at competitive rates.

What is the Average Cost of Commercial Truck Insurance in California?

If you’re a trucking business owner in California, you understand the importance of having comprehensive insurance coverage to protect your equipment, drivers, and operations. But how much does California commercial truck insurance typically cost in the Golden State? While the exact cost can vary based on several factors, we’ll delve into the average cost of commercial truck insurance in California to provide you with insights into what you can expect:

Factors Influencing California Commercial Truck Insurance Costs:

Before diving into average costs, it’s essential to understand the factors that can impact California commercial truck insurance premiums. These factors include:

Type of Coverage: The extent of coverage needed, including liability, physical damage, cargo, and other optional coverages, will influence insurance costs.

Driving Record and Experience: The driving records and experience levels of the truck drivers covered under the policy can affect premiums.

Type of Truck and Cargo: The type of truck being insured, as well as the nature and value of the cargo it transports, will impact insurance rates.

Vehicle Usage and Mileage: The frequency and distance of vehicle usage, as well as the territories in which the trucks operate, will influence insurance costs.

Safety Features and Technology: The presence of safety features and technology in the trucks can lead to premium discounts.

Business Location: The location of the trucking business, including local traffic patterns, weather conditions, and crime rates, can affect insurance rates.

Claims History: The claims history of the trucking business, including the frequency and severity of past claims, will influence insurance premiums.

Average Cost of Commercial Truck Insurance in California:
While the average cost of commercial truck insurance in California can vary widely depending on the factors mentioned above, industry estimates suggest that annual premiums typically range from $8,000 to $12,000 per truck. However, premiums for larger fleets or specialized operations may exceed this range.

How to Get the Best California Commercial Truck Insurance Rates?

At Coast Transport Insurance Service, we specialize in helping trucking companies secure the best insurance rates tailored to their unique needs. Whether you’re a small owner-operator or manage a fleet of commercial vehicles, our team is dedicated to providing you with expert guidance and personalized service to help you save on insurance costs without compromising on coverage. Here’s how we can help you get the best California commercial truck insurance rates:

1. Tailored Coverage Solutions:

We understand that every trucking business is different, which is why we work closely with you to assess your specific insurance needs. By customizing your coverage to match your operations, cargo types, and risk profile, we ensure you’re only paying for the coverage you truly need.

2. Access to Multiple Carriers:

As an independent insurance agency, we have access to a network of top-rated insurance carriers specializing in commercial truck insurance. By shopping around on your behalf and comparing quotes from multiple carriers, we can help you find the most competitive rates available in the market.

3. Risk Management Strategies:

Mitigating risk is key to lowering insurance premiums. Our experienced agents can provide valuable insights and recommendations on implementing risk management strategies within your trucking operations, such as driver safety programs and fleet maintenance protocols, to help reduce the likelihood of accidents and claims.

4. Discounts and Savings Opportunities:

We’ll explore all available discounts and savings opportunities to help lower your insurance costs. Whether it’s bundling multiple policies, implementing safety features in your vehicles, or demonstrating a history of responsible driving, we’ll work diligently to maximize your savings.

5. Ongoing Policy Reviews:

Your insurance needs may evolve over time, and we’re here to ensure your coverage keeps pace. We conduct regular policy reviews to reassess your insurance needs, identify potential savings opportunities, and make adjustments to your coverage as necessary.

6. Exceptional Customer Service:

At Coast Transport Insurance Service, we prioritize customer satisfaction above all else. Our dedicated team is committed to providing you with responsive and attentive service every step of the way. Have questions about your policy or need assistance with a claim? We’re here to help, whenever you need us.

When it comes to securing the best California commercial truck insurance rates, partnering with Coast Transport Insurance Service gives you the advantage of industry expertise, personalized service, and access to multiple insurance carriers. Let us put our knowledge and resources to work for you, so you can focus on what matters most – running your trucking business with confidence and peace of mind. Contact us today to learn more and request a quote.

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California Commercial Truck Insurance Filings

Having an California commercial truck insurance and being legal are two different things. You want to make sure your trucking company is following the rules and regulations of the California Department of Transportation (Caltrans) and Federal Motor Carrier Safety Administration (FMCSA). The Caltrans and FMCSA both require insurance filings and/or endorsements on your truck insurance policy. We can make sure you get the correct insurance coverages to stay in compliance with California and the federal government regulations. BMC-91 | The BMC-91 filing is a guarantees to the FMCSA that you have enough Liability insurance to cover the increased risk of transporting goods or people across state lines. MCS90 | The BMC-91 filing is a guarantees to the FMCSA that you have enough Liability insurance to cover the increased risk of transporting goods or people across state lines. MCP65 | In California, operators of commercial vehicles are required to obtain a Motor Carrier Permit and a Carrier Identification Number. An MCP-65 filing (also referred to as a DMV65MCP) is a certificate of insurance that must be submitted to the California DMV as evidence that you have the required level of Liability insurance.
California Commercial Truck Insurance

California Commercial Truck Insurance Types

We can insure almost every sort of commercial vehicle. The following are the most often seen. If you’re searching for anything in particular, give us a call; we’re happy to assist you.

 

  • 7 Car Haulers
  • Ag Trucks
  • Aggregate Haulers
  • Auto Haulers
  • Box Trucks
  • Dump Trucks
  • Flatbed Haulers
  • Hot Shot Trucks
  • Intermodal Haulers
  • Logging Trucks
  • Produce Haulers
  • Tow Trucks

We Can Write Commercial Truck Insurance In All Areas

No matter your location within the California, we’re here to help you craft a competitive commercial truck insurance plan tailored to California’s requirements. We extend our assistance to all regions of California, including…

  • Anaheim
  • Bakersfield
  • Calexico
  • Ceres
  • Chino
  • Clovis
  • Elk Grove
  • Fontana
  • Fresno
  • Glendale
  • Hesperia
  • Lathrop
  • Long Beach
  • Los Angeles
  • Madera
  • Manteca
  • Modesto
  • Moreno Valley
  • Oakland
  • Ontario
  • Rancho Cucamonga
  • Rialto
  • Riverside
  • Sacramento
  • San Diego
  • Stockton
  • Tracy
  • Turlock
  • Victorville
  • Yuba City

We also offer truck insurance for the states bordering California, including Arizona, Nevada and Oregon

States We Can Write Commercial Truck Insurance

California Commercial Truck Insurance

California commercial trucker Resources

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