Owner Operator Truck Insurance

Get the Right Owner-Operator Insurance at the Lowest Cost!

Broad coverage and premium protection for your trucks.

Whether you are an owner-operator working on your own authorization or under a lease to a motor carrier, you need a unique type of coverage that protects your daily operations from potential mishaps. Owner-operator truck insurance covers you from all the possibilities that can impair your trucks and further damage your business.

What is owner-operator truck insurance?

Owner operator truck insurance protects your trucking business and its operations from all potential risks. Due to their large size, trucks can cause massive damage and grave injuries on the road. You need to add a complete layer of protection to your trucks in the form of owner-operator truck insurance from such risks to carry out your business without hiccups.

Who needs owner-operator insurance?

• Long-haul truckers
• For-hire carriers
• Independent owner-operators working under a lease
• Owner-operators running their own business

All the above need a certain amount of coverage to protect their business and truckers. For example, owner-operators who are working/driving on their own authority require independent owner-operator insurance for trucking. In this case, they require independent owner-operator insurance to cover the medical cost and other property-related damages resulting from an accident.

What is the cost of owner-operator truck insurance?

There are several factors that impact the cost of truck insurance and it is difficult to give the exact figure without analyzing them. These aspects are:

• The type of truck
• The nature of the business
• The sort of coverage you need
• The past driving records
• Operational radius
• Your location

Give us a call at 800-726-8376 and get a free quote and save $$$.

What are other owner-operator coverages you need?

The type of coverage that you need depends on two categories:

Working under permanent lease to a motor carrier:

Non-trucking liability: This coverage protects you from all the possibilities on the road when you are not hauling the shipment or aren't under dispatch — like using for personal motives.

Physical damage cover: This policy covers the cost incurred during repairing or replacing your truck after severe damage due to collision, theft, explosion, or vandalism.

Motor truck cargo insurance: If any sort of damage happens to the cargo you are hauling in your care then you get financial coverage with cargo insurance.

Working under your own authority:

Primary liability coverage: This covers you from all property damage and medical cost of the third party arising after an accident.

Physical damage cover: This policy pays for all the costs of repairing your truck after a collision with another vehicle or any object.

Motor truck general liability coverage: This policy compensates for all the damages and physical injuries to the third party while hauling the shipment for commercial purposes.

Motor truck cargo coverage: This insurance protects the shipment/cargo you haul from all possible risks like fire, explosion, and theft.

Owner-Operator Insurance FAQs

Why do I need owner-operator truck insurance?
As an owner-operator, you are personally responsible for any accident that involves your truck. Without proper insurance, you could face devastating financial losses from lawsuits, property damage, medical bills, and vehicle repairs.

What sort of coverages do you get from owner-operator truck insurance?
Coverage depends on your situation. Under lease to a carrier, you typically need Non-Trucking Liability, Physical Damage, and Cargo. Under your own authority, you need Primary Liability, Physical Damage, General Liability, and Cargo.

Can I lower the cost of owner-operator truck insurance?
Yes. Maintaining a clean driving record, choosing higher deductibles, bundling coverages, and avoiding coverage gaps can all help reduce your premium. Call NITIC at 800-726-8376 to explore your options.

Do I need to purchase insurance coverage when I am leased to a motor carrier?
Yes. While the motor carrier's primary liability covers you during dispatch, you still need Non-Trucking Liability coverage for when you're off dispatch (personal use), Physical Damage for your own truck, and possibly Cargo coverage.