Coast Transport

Maine Commercial Truck Insurance

What Is It?

Maine commercial trucking insurance can help safeguard commercial vehicles from a variety of risks, including motor liability claims, physical harm claims, and 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

 

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Commercial Truck Insurance In Maine

What is Maine Commercial Truck Insurance?

Maine Commercial Truck Insurance is insurance coverage specifically designed to meet the unique needs of commercial trucking companies in Maine. It can cover costs related to accidents, damages, theft, and more. The policies may include a variety of coverage types such as liability, property, and medical coverage. Many policies also provide additional protection such as uninsured motorist coverage, underinsured motorist coverage, and additional rider coverage. With this type of coverage, Maine trucking companies can be better prepared for the risks of running a business on the road.

Who Needs Maine Commercial Truck Insurance?

Anyone who drives a commercial truck in Maine needs to have Maine commercial truck insurance. This is a legal requirement to ensure that they are financially protected if they are ever in an accident or any other situation that might require coverage. Commercial truckers operating in Maine should consider getting this insurance as it will cover any damages to the truck, cargo, or other property, as well as cover medical expenses if any are necessary. Not only does Maine commercial truck insurance keep the trucker legally protected, but it also helps to protect the safety of all people on the roads by ensuring the truck is in top-notch condition and that any accidents or issues that arise are covered.

How Much Does Maine Commercial Truck Insurance Cost

The cost of commercial truck insurance in Maine depends on several factors, including the size and type of vehicle, the type of business it is being used for, the amount of coverage needed, and the driving record of the driver. Generally, a policy with a minimum amount of coverage can cost between $700 and $2,000 per month, depending on the specifics. More comprehensive coverage can cost up to $8,000 or more. An insurance agent or broker should be able to provide an exact quote tailored to your particular situation.

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Did You Know?

When it comes to truck driver jobs, Maine offers a few industries in which a driver can specialize as well as a large number of companies and carriers offering truck driver jobs. Whether products are exported out of state, out of the country, or simply remain in the state for the use of those living in Maine, according to the latest data from World’s Top Exports, the following are the primary products moved by truck drivers and offering many truck driving jobs to those calling Maine home:

      1. Fresh/chilled lobsters
      2. Aircraft including engines, parts
      3. Natural gas (gaseous state)
      4. Integrated circuits (excluding processors/controllers)
      5. Chemical wood pulp (non-coniferous)
      6. Coniferous rough wood including spruce
      7. Paper, paperboard
      8. Atlantic salmon
      9. Mucilage, thickeners
      10. Composite diagnostic/laboratory reagents

Source: The Trucker.com

How Do I Get Maine Commercial Truck Insurance?

Getting commercial truck insurance in Maine is simple. First, contact Coast Transport Insurance Service and discuss your needs with a representative. Be sure to ask about discounts and options for coverage that is specifically tailored for commercial trucks. Once you’ve discussed your policy needs, the representative will likely ask for your driver’s license information and the details of the commercial trucks that need coverage. You’ll also need to provide details of the routes you intend to take and the hours of operation. After reviewing your information, the insurance provider will provide a quote and the cost of your coverage. With that in hand, you can make an informed decision and select a plan that is tailored to your business’s needs.

Factors That Affect Maine Commercial Truck Insurance?

Maine commercial truck insurance is affected by many factors, such as the age and condition of the truck, its intended use, the number of miles it will be driven each year, its driving record, the operator’s driving record, the cargo being transported, the type of business being conducted, the financial strength of the business, and the coverage levels chosen. The cost of Maine commercial truck insurance can also be affected by geographical location, as insurance rates are often higher in metropolitan areas with higher population densities. Finally, truck insurance premiums are affected by market conditions, with carriers adjusting their rates based on their assessment of current risk.

Common Maine Commercial Truck Insurance Coverages?

Common Maine commercial truck insurance coverages include Liability, Physical Damage, Non-Trucking Liability, Motor Truck Cargo, and Medical Payments coverage. Liability coverage helps pay for any third-party damages incurred as a result of an accident for which the insured driver is responsible. Physical Damage coverage helps pay for repairs to the truck if it is damaged in an accident or from other perils like vandalism. Non-Trucking Liability helps pay for any damages that occur while the truck is not being used for work purposes. Motor Truck Cargo coverage helps pay for damaged or lost cargo due to an accident or other covered incident. Lastly, Medical Payments coverage helps pay for medical costs if a driver is injured while operating the truck.

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Maine Commercial Truck Insurance Filings

Having an Maine 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 Maine Department of Transportation (MaineDOT) and Federal Motor Carrier Safety Administration (FMCSA). The MaineDOT 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 MaineDOT and the federal government regulations.

  • ICC
  • MCS90
  • Form E
  • SR22

Maine Commercial Truck Insurance Coverages We Can Write

We can customize a Maine commercial truck insurance program to meet your specific requirements. This might vary from comprehensive coverage to liability-only coverage. 

Maine Commercial Truck Insurance Types We Can Write

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 Maine Commercial Truck Insurance In All Areas

Regardless of the city in which you operate, we can assist you in putting together a competitive Maine commercial truck insurance plan. We can assist you in any part in Maine, including…

Maine Commercial Truck Insurance

Resources for Maine Truckers

The Maine Motor Truck Association advocates, promotes and defends Maine’s trucking industry.

The Maine Department of Transportation oversees Maine’s infrastructure mainly roads, underpasses and highways.

Maine Department of Professional and Financial Regulation / Bureau of Insurance is the regulatory body that oversees the Maine’s insurance industry.

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.

Your Business is your own

You may be new to the trucking industry or possibly you’re a veteran of 15 years as a Motor Carrier. You might be an owner operator with a lease agreement or have a fleet of 12 trucks. You could be a long haul trucker or perhaps you don’t even leave Maine. The point is, truck insurance rates can vary greatly from trucking company to trucking company. The hard part is to find which insurance company is offering the best coverage at a fair rate for your line of business.  This is were we shine. We can help you in finding the best insurance company for your trucking company.

Did you know?

Maine is the 12th-smallest by area, the 9th-least populous, the 13th-least densely populated, and the most rural.  Bordered by New Hampshire to the west; the Gulf of Maine to the southeast; and the Canadian provinces of New Brunswick and Quebec to the northeast and northwest, respectively.

There is no official reason for the name “Maine,” however it is most probable that it was called after the former French province of Maine by early explorers. Whatever its origins, the name was cemented in stone for English immigrants in 1665, when the English King’s Commissioners ordered that the “Province of Maine” be written in official documents from then on.

Truck Insurance Companies in Maine

Did you know there are approx. 93 truck insurance companies in Maine with state filings on truckers.  The top 10 insurance companies insure approx. 74% of all trucking operations that need filings in Maine.  If you are looking for help finding coverage or would like to explore a new insurance company, we would be glad to help.

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