Kentucky Commercial Truck Insurance
Are you searching for commercial trucking insurance in Kentucky? Join thousands of truckers just like you and partner with NITIC for all of your trucking insurance needs. Whether you have one truck or a fleet, NITIC offers custom commercial truck insurance coverage for all. We have over 3 decades of experience delivering tailored trucking insurance solutions to our clients, an A+ rating with the BBB, and hundreds of 5-star Google reviews. At NITIC, you get the best value for the money you spend on your truck insurance.
Kentucky Truckers Trust NITIC for All of Their Commercial Trucking Insurance Needs
Save thousands, get extra security, and partner with our years of experience!
Carrying out a trucking business is risky as your commercial vehicles are mostly on the road. Accidents, fire, theft, rollovers, collision, etc. are some likely risks to which your trucks are exposed daily. You can’t control these threats but can add a protective layer to your trucking business. Let us help you personalize your truck insurance needs most easily.
What Can NITIC Offer Kentucky Truckers Like You?
When it comes to providing commercial truck insurance, NITIC is the most reliable partner in Kentucky. We offer the best insurance coverage at an unbelievable cost. We know what sort of coverage is required for different types of trucks as we have insured all. Our several customers are dependent on us for their trucking insurance and we have never led them down.
Areas we cover in Kentucky
As we have customers in each state of the US, we offer bespoke trucking policies to almost every city in Kentucky including:
- Covington
- Bowling Green
- Ashland
- Elizabethtown
- Frankfort
- Florence
- Henderson
- Georgetown
- Jeffersontown
- Louisville
- Hopkinsville
- Owensboro
- Lexington
- Valley Station
- Madisonville
- Paducah
- Pleasure Ridge
- Radcliff
- Newburg
- Richmond
In all these cities, we have grown to be the best insurance providers because we always put our customers at the top of our priority list. We offer various deals in all types of insurance coverage. Contact us and explore your options!
Commercial truck insurance in Kentucky
A commercial truck is required to carry a maximum level of liability coverage than other vehicles. Because your trucks are every day on the road carrying valuable cargo from one place to another. You need to cover not only your commercial trucks but also the shipment you haul. Commercial truck insurance is wide in Kentucky, let us help you personalize what type of coverage you need to add to your policy for optimum protection.
Why do you need commercial truck insurance in Kentucky?
To operate legally on the road, you need to carry commercial truck insurance in Kentucky. Without adequate coverage, you expose your trucking business to many likely dangers. If you don’t want to bear heavy financial loss then get proper commercial truck insurance today.
However, sticking to the state’s minimum requirement like primary liability is not beneficial when your truck, driver, or passengers gets badly impacted in an accident. You need to think of other coverages that protect your investment and the cargo such as physical damage, motor truck cargo insurance, non-trucking coverage, non-owned trailer coverage, etc. These coverages are designed to provide comprehensive security to all types of trucking businesses in Kentucky.
Kentucky Commercial Truck Insurance Requirements
Kentucky state law mandates specific insurance requirements for commercial trucks to ensure adequate coverage and protect against financial risks. These requirements vary based on the type of cargo and whether the truck operates within the state or across state lines.
Intrastate Trucking Requirements
For trucks operating solely within Kentucky (intrastate) and weighing more than 10,000 GVW, the following minimum liability insurance coverage is required:
- $300,000 for Liability Insurance (Household Goods)
- $750,000 for Liability Insurance (General Freight)
- $1,000,000 for Liability Insurance (Oil Transport)
- $5,000,000 for Liability Insurance (Hazardous Materials)
- $5,000/vehicle and $5,000/catastrophe for Cargo Insurance (All carriers)
Interstate Trucking Requirements
Trucks that operate across state lines must meet both Kentucky’s intrastate requirements and the Federal Motor Carrier Safety Administration (FMCSA) regulations. Typical federal liability limits include:
- $750,000 to $1,000,000 for Liability Insurance, depending on the cargo type and risk level.
- $5,000,000 for Liability Insurance if transporting hazardous materials, as required by FMCSA.
Additional Coverage
While not mandated by law, several other coverages are highly recommended to protect your business and assets:
- Physical Damage Insurance: Covers repairs or replacement of the truck in case of accidents, theft, or other damages.
- Motor Truck Cargo Insurance: Protects the goods being transported.
- General Liability Insurance: Covers liabilities that occur outside of truck operation, such as at your business premises.
- Bobtail Insurance: Covers the truck when it is being driven without a trailer.
- Non-Trucking Liability Insurance: Provides coverage when the truck is used for non-business purposes.
- Trailer Interchange Insurance: Covers damage to a trailer that is not owned by the trucking company but is in their possession.
- Medical Payments Insurance: Covers medical expenses for the driver and passengers in the event of an accident.
- Uninsured/Underinsured Motorist Insurance: Provides protection if the truck is involved in an accident with a driver who has insufficient or no insurance.
- Workers Compensation: Covers medical expenses and lost wages for employees injured on the job.
- Trucking Umbrella Policy: Provides additional liability coverage above and beyond the standard policy limits.
How Much Does Commercial Truck Insurance Cost in Kentucky?
The cost of commercial truck insurance in Kentucky varies based on the type of truck and the limit of liability coverage selected. Here is a summary of the average annual premiums for different types of trucks at various liability coverage limits:
- $300,000 Liability Coverage: The annual premium is approximately $11,200 for dump trucks, box trucks, tow trucks, and tractor trailers.
- $500,000 Liability Coverage: The annual premium increases to around $12,200 for each truck type.
- $750,000 Liability Coverage: The cost for this coverage limit is about $13,200 per year for dump trucks, box trucks, tow trucks, and tractor trailers.
- $1,000,000 Liability Coverage: The highest coverage limit costs approximately $14,200 annually for each truck type.
Your truck insurance premium can vary based on additional factors such as the type of cargo being transported, the operating radius, and the driver’s experience and safety record. Implementing safety programs, using telematics, and maintaining clean driving records can help manage and potentially reduce insurance costs. Speak with our insurance experts today and discover how you can effectively manage your insurance expenses while ensuring adequate protection.
Example Kentucky Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Kentucky insurance cost and premium. See below for a more thorough list of factors that can influence your truck insurance premium.
|
Limit of Liability
|
$300,000
|
$500,000
|
$750,000
|
$1,000,000
|
|---|---|---|---|---|
|
Dump Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Box Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Tow Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Tractor Trailer
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
Kentucky Commercial Truck Insurance Filings
To operate legally and ensure adequate insurance coverage, commercial trucking companies in Kentucky must complete several key insurance filings. These filings are essential for both state and federal compliance.
ICC Authority (Interstate Commerce Commission)
- Required for motor carriers operating across state lines.
- Ensures compliance with federal regulations regarding interstate commerce.
- Involves obtaining proper insurance coverage as mandated by federal law.
MCS-90 Endorsement
- A federal requirement by the Federal Motor Carrier Safety Administration (FMCSA) for interstate motor carriers.
- Certifies that the motor carrier has the necessary minimum liability insurance coverage to meet federal standards.
- Ensures that carriers can cover public liability in case of accidents involving their vehicles.
Form E
- A state-specific filing that verifies a motor carrier has obtained the minimum required liability insurance coverage as mandated by Kentucky state law.
- Filed with the Kentucky Transportation Cabinet.
- Provides proof of financial responsibility for motor carriers operating within the state.
Form H
- Another state-specific filing required for carriers operating within Kentucky.
- Provides proof of cargo insurance coverage to ensure the protection of goods being transported within the state.
- Filed with the Kentucky Transportation Cabinet, similar to Form E.
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