Right now, there are about 3.5 million truck drivers working across the U.S., with around 750,000 trucking businesses up and running. With so many options out there, choosing the best truck insurance company isn’t exactly straightforward.
Just like any kind of insurance, truck insurance is all about giving folks in the transport industry the protection they need. The U.S. is packed with a ton of commercial truck insurers, each offering their own special blend of policies.
Let’s take a look at some of the biggest names in truck insurance, as well as the companies that drivers really love.
Largest Truck Insurance Companies by Market Share
Here’s a quick look at the top 10 truck insurance companies based on market share. Progressive is leading, insuring almost 42% of the market. Interestingly, no other truck insurance company comes close, as they all have less than 6% each.
Progressive Total | 41.9% |
Berkshire Hathaway Total | 5.8% |
State National Total | 3.0% |
Great West Total | 2.9% |
Canal Total | 2.5% |
Ace Total | 2.4% |
Travelers Total | 2.2% |
Trisura Specialty Insurance Company Total | 2.2% |
Amtrust Total | 2.0% |
Integon Indemnity Corporation Total | 1.9% |
Three Best Commercial Truck Insurance Companies
Progressive
Progressive is pretty much the king of truck insurance, holding nearly 42% of the market. Because they’re such a big player, they can offer a ton of discounts to their policyholders. Also, they provide coverage for just about every type of truck in the industry. This makes them a popular choice for both owner-operators and larger logistics businesses.
They’re everywhere—offering services in all 50 states—and they’ll even handle your state and federal filings at no extra charge.
Berkshire Hathaway
Berkshire Hathaway isn’t always the first name you hear when people talk about truck insurance, but they’re quietly powerful in the space. Backed by Warren Buffett’s empire, they’re the kind of company that offers reassurance just with their name alone. Financially solid and seriously committed, they give truckers and trucking companies the kind of stability that’s golden on long hauls.
What Berkshire Hathaway brings to the truck insurance game is a lineup of tailored options covering everything from collision damage to liability. Their main focus is on forging strong, lasting relationships with their clients.
For anyone in the trucking business looking for an insurer that’s as steady as they come, Berkshire Hathaway stands out. They might not shout about their services, but their reliability speaks volumes.
Great West
Great West Casualty Company has carved out a niche for itself in the truck insurance market with a focus that’s all about understanding the nitty-gritty of trucking. They’re not just another insurance company; they’re dialed into what truckers need to stay covered on the open road.
With Great West, it’s not just about policies—it’s about solutions tailored for the long haul, including risk management and safety training that go a long way in preventing accidents before they happen. They’re known for rolling up their sleeves and working alongside their clients to ensure drivers are safe and claims are low.
Great West has built a reputation on being approachable and knowledgeable, making them a go-to for businesses that want more from their insurer than just basic coverage. For anyone deeply embedded in the trucking industry, Great West is a familiar and trusted partner, providing peace of mind with every mile.
Bottom Line
Finding the right truck insurance shouldn’t be a headache. That’s where Truck Insurance Quotes comes in. We have access to over 30 carriers, giving us the flexibility to tailor coverage that fits your specific needs, whether you’re an independent owner-operator or running a full fleet. We’ll handle the legwork, comparing options to find you not just any policy, but the right one, ensuring you’re covered comprehensively and cost-effectively. Let us do the heavy lifting, so you can focus on the road ahead.
Additional Resources:
Cost-Saving Tips for Commercial Box Truck Insurance
The Critical Role of Refrigerated Truck Insurance in Crisis Management
- Can I Get a DOT Number Without Insurance?
Source
https://www.investopedia.com/best-commercial-truck-insurance-5112885