A 1x1 Truck Insurance Quotes logo image that's used on the brand's facebook page.

How Much Does Box Truck Insurance Cost?

Box truck insurance generally costs between $2,000 – $40,000 per power unit a year. It’s a huge range, we know, but we give that range without knowing any details about your business, drivers, location, loss history, and so on.

In this article, we’ll discuss the general cost of box truck insurance and the various factors that affect your rates. Let’s get started!

How Much Does Box Truck Insurance Cost?

Box truck insurance rates vary widely. That’s because every trucking business experiences different risks. Insurance companies look at several factors when setting insurance rates, and those details will affect your quote. So keep in mind that the following ballpark estimate is just that – an estimate. Your rates could be either lower or higher, depending on your business.

Okay, now that that’s been established, box truck insurance costs between $2,000 and $40,000 annually per truck. The lower end of that range would most likely be a rural business with a low loss record, and the upper end would be a business with tickets and accidents. Your business might fall within this range, and where you fall depends on many factors. Your business is unique, and even if a similar business in your area pays a certain amount for its coverage that doesn’t mean your rates will be the same.

What Affects the Cost of Box Truck Insurance?

  • MVRs
  • Claims/loss history
  • Speeding tickets 
  • Number of box trucks 
  • Type of goods being hauled
  • Length of time in business
  • Location and hauling radius

Your business could be at the lower end of the range that we provided above, or you could be at the higher end. Or you might not be within the range at all. Insurance premiums vary widely from business to business, and that’s why it’s so important to get a trucking insurance quote to explore your options.

What Factors Affect the Cost of Box Truck Insurance?

Your Drivers

The age and experience of your drivers can affect your rates. An MVR reports the driver’s tickets and accidents – it’s their driving record. If your drivers have lots of experience and they have a clean driving record, your insurance rates will likely reflect that.


Your insurance rates can be affected by your loss runs, which is a history of all of your claims. If your business has a history of claims, accidents, or violations, your rates could be higher because you’re more at risk for the insurance company to insure. To them, these things make it seem more likely that you’ll face a claim in the future.

Your Trucks

The year, make, and model of your box trucks will also affect your truck insurance rates. The more expensive the truck, the more it will cost to insure. Also, the GVWR of your truck will probably affect your rates. Any claim you have will be more expensive because it will cost more to repair or replace your box truck.

How Many Trucks You Have

The more trucks you have, the more coverage you’ll need to protect them all. More trucks mean a greater chance of a loss, which means higher insurance rates.

What You’re Hauling

The kind of loads you haul and the cargo you transport can impact your rates, as can the contracts you have. The insurance company will want to know what you’re hauling and who you’re hauling it for. All of these things are important in determining your rates.

For a cargo insurance cost breakdown, give our blog a read.

How Long Your Business Has Been Around

If you’re an established business and you’ve been around for a few years, the insurance company has more information to look at and more data to analyze. A mature business with a fairly clean loss record will probably have lower rates than a newer company.

Where You’re Located and Your Hauling Radius

Your radius of operation plays a part in your premium, and so does your primary location. Rural businesses could pay less for box truck insurance because there’s less traffic (and less traffic means less chance of an accident). Crossing state lines can also play a factor in your rates.

Bottom Line

Now, all of these factors affect box truck insurance rates. So, how can you know for sure how much your particular business will pay? The best way is to get a truck insurance quote. That will give you the most accurate idea of how much box truck insurance will cost for your business.

Our team of truck insurance experts would be happy to help you with that. We can help you get the best coverage at the best possible rate so you can save money on your truck insurance. All you have to do is fill out our online quote form or call us today. Then we’ll shop your rates, go over your quotes, and help you create a customized insurance plan. And of course, we’ll be here to help with any of your insurance needs.




An image directing the user to talk to an expert and get a quote for truck insurance.