Many or all companies we feature compensate us. Compensation and editorial
research influence how products appear on a page.
Insurance Commercial Insurance

Best Commercial Truck Insurance Companies

Commercial truck insurance is necessary for a variety of reasons. For one, it’s required by law. It also protects drivers and owners in a loss of cargo situation, liability in an accident, or even during overhaul repairs if a rental truck is temporarily needed to continue operations.

CompanyWhat stands out
CoverWalletCompare best-in-class carriers for free
ProgressiveOver 40 years of experience
State FarmOffers most standard auto coverages
EIBExcess coverage is available
OOIDAWorks on your behalf through its advocacy efforts

Best commercial truck insurance companies

Compare the top commercial truck insurance companies to find an option that best fits your needs.


  • Plans start as low as $39/month
  • Compare best-in-class insurance carriers
  • Complete the entire process online

CoverWallet claims to be the easiest way to understand, buy, and manage business insurance. The entire process is free and can be completed online in a matter of minutes with plans starting as low as $39 per month.

CoverWallet is able to help businesses understand and buy customized coverage, get significant savings, and conveniently manage their insurance online. To ensure you are covered for all of your needs, CoverWallet has businesses complete a quick assessment so the company can explain what you need to minimize exposure to risk.

CoverWallet is the best option for comparing multiple best-in-class insurance carriers. These carriers include Progressive, Liberty Mutual, Berkshire Hathaway, Chubb, Travelers, and more.

If you are looking for an easy way to quickly compare affordable commercial truck insurance plans, CoverWallet can be right for you.


  • Over 40 years of experience
  • Access customizable truck coverages
  • Customers receive assistance with state and federal filings

Progressive specializes in owner-operators, motor carriers, and private carriers. The insurer has been providing coverage to truckers for over 40 years.

The company offers general liability, non-trucking liability, rental reimbursement, trailer interchange, and cargo insurance, including state and federal filings so that you can prove that you are covered. They also have a robust heavy truck claims department.

For features, Progressive is hard to beat. All claims are processed in-house by their own adjusters and they have a wide variety of coverages. Their customer service, however, leaves much to be desired, only earning a 1-star rating with the Better Business Bureau.

State Farm

  • Doesn’t cover your cargo
  • Includes most standard auto insurance coverages

Aside from their consumer, home, and life policies, State Farm also has commercial vehicle coverage. Its policies include bodily injury, liability, and more—but it won’t cover your cargo, which may be a deal-breaker for most commercial trucking companies.

Its commercial coverage mostly offers the same protections you would get with a consumer auto policy without many of the additional things that Progressive has specifically for large trucks.

State Farm misses the mark in terms of both features and customer service. Consumer Affairs rates the company at only 2.8 out of 5 stars. If you’re hauling cargo, you’ll likely need to go elsewhere.

EIB Direct

  • Excess coverage is available
  • New ventures can be covered for experienced accounts

EIB Direct, or Evolution Insurance Brokers, specializes in trucking insurance for long- and short-haul trucks, fleets, motor truck cargo, and more. It has coverage for truck liability, physical damage, hired and non-hired vehicles, motor truck cargo, and even non-owned trailer liability for companies that rent or lease trailers.

Coverage exceeds the federal limits of $750,000, and EIB is partnered with high-end insurers like Lloyd’s (formerly Lloyd’s of London).

EIB’s strength is its ability to do specialized policies for “difficult risk,” or those who may not be able to get insurance elsewhere due to past legal issues, hazardous cargo, or other situations that make insurance procurement difficult.

However, that coverage availability comes at a higher price than other insurers. For those who can’t get a standard commercial trucking policy with a more traditional insurance company, however, EIB should be considered as a viable option. It’s worth noting that EIB is not rated or accredited by the Better Business Bureau.


  • Claims to be the only company to actively work on behalf of your business through advocacy efforts
  • Offers a complete range of coverage and policy options

The Owner-Operator Independent Drivers Association (OOIDA) offers several policies and coverage options for small business truckers. Whether you’re an owner-operator with authority or a lease, OOIDA has a full range of options. All underwriting is in-house with a fast turnaround and competitive rates.

Since its total focus is commercial truck insurance, OOIDA has some of the best and most specialized policies on the market. The company received an A+ rating from the Better Business Bureau.

What are the commercial truck insurance eligibility requirements?

Trucking companies must file proof with the state and federal government that they have enough coverage on their trucks to cover both the value of the truck itself and the cargo, as well as protect against any liability claims, such as an accident that was the trucker’s fault. 

Making that a bit difficult, especially for new drivers, is the “two-year rule,” an unofficial policy that many commercial trucking insurers have against insuring drivers with less than two years of commercial driving experience. 

There are, however, a few companies that will still insure a new driver.

How much does commercial truck insurance cost?

Like consumer auto insurance, commercial truck insurance has no set price. Each policy cost is dependent on individual risk factors such as any traffic tickets, convictions for driving while under the influence, past accidents, operating radius, and what your typical cargo is.

Car haulers, for instance, need more coverage than the minimum. Several companies offer commercial truck insurance for all types of cargo.

Recap of the best commercial truck insurance

CompanyWhat stands out
CoverWalletCompare best-in-class carriers for free
ProgressiveOver 40 years of experience
State FarmOffers most standard auto coverages
EIBExcess coverage is available
OOIDAWorks on your behalf through its advocacy efforts