What Is It?
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?
- For Hire 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 Commercial Truck Insurance?
Are you a truck driver in California looking to know the cost of commercial truck insurance? If so, you have come to the right place! In this page, we will discuss the factors that influence the cost of California truck insurance and California commercial truck insurance. We’ll also provide an estimate for the average cost of this type of insurance in California . Below you will learn more about how much you can expect to pay for California commercial truck insurance.
What Factors Affect the Cost of Commercial Truck Insurance in California?
When it comes to commercial truck insurance in California , there are several factors that can affect the cost. The type of truck being insured, the value of the cargo being transported, and the size of the fleet all play a role in the cost of California commercial truck insurance. Additionally, the driver’s experience, driving record, and claims history can also impact the cost of the coverage.
Additionally, insurance companies also take into account the number of miles driven annually, the area where the truck is operated, and the types of loads being carried when determining rates for California commercial truck insurance. By understanding these factors and shopping around for the best rate, you can save money on your commercial truck insurance in California .
Get A Quote!
Did You Know?
- In 2019, California topped the nation for reported motor vehicle thefts in the country. Comprehensive coverage can pay to replace a stolen vehicle.
- California doesn’t allow insurance companies to use your credit score in auto insurance rate calculations.
- California may apply strict penalties for lapsed auto insurance, so it’s important to keep your policy up to date.
Source: Progressive.com
What Is The Minimum Amount of Coverage Required by California Law?
When it comes to commercial truck insurance in California, there are minimum coverage requirements that must be met. In order to comply with the law, a commercial truck must carry a minimum of $750,000 in liability insurance coverage for general freight. This is designed to protect the truck owner from any legal costs associated with an accident. It also helps to provide financial protection for the other drivers involved if a truck is found to be at fault for an accident. Having the proper amount of coverage is critical for any commercial trucker operating in California .
What is the Average Cost of Commercial Truck Insurance in California?
The average cost of commercial truck insurance in California varies greatly depending on the type of vehicle, coverage needed, driver experience, and other factors. Generally, the cost of California truck insurance is determined by the amount of coverage needed, driving history, and the type and size of the vehicle. On average, commercial truck insurance can range anywhere from $500 to $5,000 or more per month. Additionally, most insurance companies will offer discounts for safe driving records, positive DOT scores and well maintained equipment.
How to Get the Best California Commercial Truck Insurance Rates?
Getting the best rate on commercial truck insurance in California can be a tricky process, but there are some steps you can take to make sure you get the coverage you need at the most affordable rate.
First, compare quotes from multiple insurers. Different insurers will have different rates for the same type of coverage, so shopping around is essential. You should also make sure that you are only comparing quotes for similar coverage levels and deductibles, as these will have a major impact on the price of your policy.
Next, consider purchasing additional coverage. Liability insurance may be required by law, but it’s not always enough to protect you and your business if something goes wrong. Additional coverages like collision and comprehensive, uninsured/underinsured motorist, cargo insurance, and roadside assistance can help ensure that you’re fully covered in the event of an accident or other incident.
Finally, think about how you can reduce your risk of accidents or other claims. A clean driving record is essential, and so is properly maintaining your truck. Additionally, taking steps to reduce theft risks—such as installing security systems and tracking devices—can help lower your premiums.
By doing your research and taking the necessary steps to reduce risks, you should be able to get the best rate on your California commercial truck insurance policy.
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.
Commercial Truck Insurance Coverages
We can customize a California commercial truck insurance program to meet your specific requirements. This might vary from comprehensive coverage to liability-only coverage.
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.
We Can Write Commercial Truck Insurance In All Areas
Regardless of the city in which you operate, we can assist you in putting together a competitive California commercial truck insurance plan. We can assist you in any part in California , including…
States We Can Write Commercial Truck Insurance
Resources for California Truckers
California Trucking Association (CTA)
The California Trucking Association advocates, promotes and defends California’s trucking industry.
California Department of Transportation (Caltrans)
The California Department of Transportation oversees California’s infrastructure mainly roads, underpasses and highways.
California Department of Insurance (CDI)
California Department of Insurance is the regulatory body that oversees the California insurance industry.
Federal Motor Carrier Safety Administration (FMCSA)
Federal Motor Carrier Safety Administration is the regulatory body that oversees the commercial motor vehicles in the United States. Their job is to keep our roads and highways safe.