Motor Carrier Insurance Recommendations
You spend a lot of money on your truck , so you want to be sure it's protected. After all, your truck is your livelihood — that's why motor carrier insurance designed specifically for your truck is so important. Choosing the right motor carrier coverage is the best way to protect your investment and your business.
Private Carrier and For-Hire Truck Insurance
Progressive offers a wide variety of private carrier and for-hire insurance coverages for motor carriers and their trucking businesses. While motor carrier coverages like liability insurance are mandatory, others like Medical Payments insurance are optional, but may make sense to give you maximum protection. In addition, physical damage coverage protects your truck assets.
Progressive allows you to customize your policy around your unique needs.
Motor Carrier Insurance Recommendations
Many motor carriers use permanently leased independent contractors. If you are one of these owner-operators, you may receive primary liability insurance under the Motor Carrier’s authority. However, you may still need to purchase “Contingent” or Non-Trucking Liability insurance, as well as physical damage coverage for your vehicle.
Browse below to learn more about the types of motor carrier insurance coverages you or your contractors may need, as well as learn how to refer your contractors to Progressive for a free private carrier and for-hire truck insurance quote.
Compulsory Private Carrier and For-Hire Motor Carrier Truck Insurance Coverages
Liability insurance – This mandatory motor carrier insurance coverage pays for damages that you cause to other people and their property. Liability insurance coverages for motor carriers includes:
Many times proof of financial responsibility is required to be filed with a state. Progressive takes the hassle out of filings, by doing them for you!
Optional Private Carrier and For-Hire Insurance Coverages
Physical Damage – Add physical damage coverage to your for-hire insurance to pay for repairs to your truck if it's damaged in an accident, whether it's caused by a collision with another vehicle or a falling tree branch.
Medical Payments insurance – Add this third party coverage to your private carrier or for-hire truck insurance to pay medical bills for you and any passengers in your truck in case they are hurt in an accident or auto-related injury.
Uninsured Motorist insurance – Another wise option to add to your motor carrier insurance is uninsured motorist coverage, which pays for injuries and damages to you, and your vehicle where available, caused by drivers who either don't have insurance or don't have enough insurance to cover your injuries and damages.
Uninsured motorist insurance also protects you in case of a hit-and-run. This optional motor carrier coverage includes:
Motor Truck Cargo Insurance – Now offered in a limited number of areas, cargo insurance pays for damages to any cargo you're hauling. Call to find out if cargo insurance is available in your state.
Motor Carrier Coverage Limitations
Progressive for-hire and private carrier motor carrier insurance has a radius of operation restriction of up to 300 or 500 miles on policies with liability coverage, depending on your state. This restriction helps us provide superior motor carrier coverage products and services for regional and local trucking businesses. Keep in mind that we calculate our radius of operations as the crow flies instead of in road miles, so 300 miles can actually cover a fairly large area.
This restriction does not apply to Physical Damage and Non-Trucking Use liability coverage.