Semi Truck Insurance

Get Top-Notch Tractor Trailer / Semi-Truck Insurance With Optimal Coverage From the Most Reliable Insurer!

Simple Pricing, Unbeatable Values.

Semi truck, AKA tractor trailer, insurance can be risky, especially for novice truck owners-operators or truck drivers. Knowing the fundamental criteria and possibilities for tractor trailer insurance can help you safeguard your trucking company, no matter how big or small it is.

Your insurance requirements may change, depending on whether your truck is a member of a fleet or you operate it alone. If you are dispatched by a motor carrier, you are covered for liability under the motor carrier's primary trucking insurance, but there may be other coverage gaps. Our team of commercial truck insurance experts can guide you through the process and assist you in quickly and affordably locating the right coverage plan for your trucking business.

About NITIC

As a nationwide leader in semi truck insurance, NITIC has over 30 years of experience in providing insurance solutions to our clients. With hundreds of 5-star Google reviews and an A+ rating with the BBB, NITIC is your trusted semi truck insurance company for fast, reliable quotes. Our exceptional customer support and sales team, affordable semi truck insurance, fastest claim settlement policy, and quality service distinguish us from other commercial insurance policy providers.

What is semi truck insurance?

Semi-truck insurance, also known as commercial truck insurance, is a type of insurance policy specifically designed to protect businesses and individuals who operate semi-trucks or tractor-trailers for commercial purposes. These commercial trucking insurance policies provide coverage for a range of risks associated with operating large trucks, such as bodily injury liability, property damage liability, collision coverage, comprehensive coverage (for non-collision incidents like theft or vandalism), medical payments, uninsured/underinsured motorist coverage, and cargo insurance. The cost of semi-truck insurance can vary based on factors such as the value of the truck, the type of cargo being transported, the driving history of the operators, and the coverage limits selected.

What type of coverages are included in semi truck insurance?

The most popular coverages for semi-trailer transportation companies include the following:

Bodily Injury Liability: In the event of a truck accident, bodily injury responsibility will include settlement fees, medical bills, and legal defense costs. Because medical costs or settlements for injuries can be substantial, it is advisable to insure your semi truck with this policy.

Property Damage Liability: Other vehicles involved in a crash or collision, buildings, light poles or signs, or other things frequently destroyed in truck accidents are also covered by property damage liability.

Physical Damage Liability: This provides coverage for your tractor-trailer in the case of an accident, collision, theft, vandalism, or natural calamity. If you have leased a truck from a motor carrier, then you will require this coverage.

Motor Truck Cargo Insurance: Your cargo is precious — that is why it is imperative that you insure your cargo. Depending on the type of cargo such as hazardous or delicate artworks, your tractor is hauling, the premium rates may vary.

Additional Coverages: Other coverages, such as bobtail or non-trucking, are also available based on your needs.

Semi Truck Insurance by Type

Owner Operators: Whether you're operating under a permanent lease with a motor carrier or your own authority, as an owner operator, securing semi truck insurance is essential. It's prudent to also explore additional coverages such as Trailer Interchange Insurance and Non-Trucking Liability Coverage.

Motor Carriers: Motor carriers employing for-hire truckers or permanently leasing independent contractors must have semi truck insurance to safeguard their vehicles and business operations. Even if you have Primary Liability Insurance through your carrier's authority, it's advisable to consider supplemental coverage like Non-Trucking Liability Insurance and Physical Damage Coverage to ensure comprehensive protection for your fleet.

Private Carriers: Private carriers transport goods using their own trucks for a specific company or employer. It's wise for private carriers to invest in semi truck insurance to shield their trucks and businesses from potential liability claims, including bodily injury or property damage, in the event of on-the-job accidents.

What Kind Of Commercial Trailers Do We Insure?

Whether you are operating a dry bulk cargo truck, 18-wheeler dump trailer, or box truck, NITIC offers affordable trailer insurance coverages that meet your requirements and price range. The types of tractor trailers for which we offer insurance coverage include:

Flatbed Trailer: A flatbed trailer is an open deck device that has neither sides nor a roof, mostly used to move bulky, wide, heavy, and insensitive items like machinery, building materials, or equipment.

Utility Trailer: It is a tiny, non-motorized vehicle with an open-top rear cargo space used to transport light loads, such as furniture, bikes or ATVs, building materials, appliances, and other personal items.

Auto Hauler Trailer: Auto hauler trailers, often referred to as car hauler trailers, are available in a variety of sizes and designs. We offer personalized cargo insurance that covers you, your vehicle, and the cars you move.

Dump Body Trailer: It has an open-box bed that is split at the back and has mechanical rams to elevate the front, enabling the contents of the bed to be dumped to the field alongside the truck at the delivery location.

Dry Freight Trailer: Typically used for non-perishable items (for not having temperature control), such as paper, plastic, and other miscellaneous commodities.

Additional Trailers: Apart from the above, we also cover the bulk commodity trailer, pole trailer, concession trailer, tank trailer, lowboy semi-trailer, refrigerator trailer, and dry van trailer.

How Much Does Insurance For Semi Trucks Cost?

Due to the fact that our insurer considers a variety of factors when determining premiums, semi-truck insurance rates can vary greatly. The cost of your truck insurance is determined by how our insurer evaluates the following elements:

• What is your ownership status — are you an owner-operator or owned tractors for your own business purposes?
• Risks associated with the cargo types
• Types of insurance coverage you've chosen
• The past driving record
• Driving distance — whether you are a long haul or short haul
• Your claim history
• Truck value — the more expensive the truck, the higher its insurance value
• Experience with commercial driver's licenses: the more experience, the lower the rates

Semi Truck Insurance FAQs

What are the different types of semi-truck insurance?
Semi-truck insurance includes Bodily Injury Liability, Property Damage Liability, Physical Damage (Collision + Comprehensive), Motor Truck Cargo Insurance, Non-Trucking Liability (Bobtail), Trailer Interchange, General Liability, and Uninsured/Underinsured Motorist coverage.

Do I Need Insurance for a Semi-Truck?
Yes. Federal law requires all semi-trucks engaged in interstate commerce to carry minimum liability insurance. State requirements may also apply for intrastate operations.

What is the cost of semi-truck insurance?
Semi-truck insurance costs vary based on truck type, cargo, driving history, coverage selected, and operating radius. Contact NITIC at 800-726-8376 for a personalized quote.

What other type of coverage you may require?
Depending on your operation, you may also need Trailer Interchange Insurance, Non-Trucking Liability, General Liability, and Motor Truck Cargo Insurance in addition to your primary policy.