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How to get tow truck insurance for your business

Do you earn your income by towing disabled vehicles? If you do, then you probably need specialized tow truck insurance. Whether your business has a fleet of tow trucks or just one, you need tow truck insurance. Here are the steps to finding the perfect tow truck insurance for your needs.

How to get tow truck insurance

#1. Determine what coverages you need

There are a variety of different types of tow truck insurance coverages to choose from. Here are some of the most common ones.

Auto liability Insurance

Liability insurance is a must for all tow truck operators. Liability insurance is required by state law. Liability covers damages to someone’s vehicle, property or person. So, for example, if you hit another vehicle while driving your tow truck, then liability would cover damage to that other car. It would also pay for medical expenses if the other driver is injured.

Physical Damage Coverage

This insurance pays for damages to your vehicle if you’re in an accident. It also pays for damages to your vehicle if it is stolen or involved in a natural disaster. There are two types of physical damage coverage — collision and comprehensive.

  • Collision insurance pays for damages that occur after a collision with something. So, if you’re in an accident and your truck is damaged, collision insurance would pay for repairs to your truck.
  • Comprehensive insurance covers things like a natural disaster. Say a falling tree branch damages your truck. Comprehensive would pay for repairs. It covers losses like fire, vandalism, lightning, and theft.

Medical Payments Insurance

This coverage will pay for medical bills for you or your passengers if you are injured in an accident. Medical payments insurance will protect you no matter who is at fault. For example,  if you are driving with a passenger when you rear end another car. Your tow truck is fine but both you and your passenger are injured. Medical payments would pay out for your injuries up to the limit amount that you have on your policy.

#2. Gather documents

You’ll need to gather a couple of pieces of information before you get tow truck insurance rates. Most insurance companies will need the following things:

  • Business type – Insurance companies will need to know whether you are a roadside service provider, an auto salvage business, an auto body shop, or an auto mechanic.
  • Make and model of the tow truck – What kind of truck do you operate?
  • Location of your business – Insurance costs vary from region to region.
  • What type of coverage you need – See the different types of insurance coverages above.
  • Driving history – The better your driving history, the cheaper your rates.
  • Driving radius – How far do you drive to pick up vehicles?

#3. Get tow truck insurance quotes

The last step is to get multiple quotes. Like any other purchase that you make, it’s always a good idea to shop around for tow truck insurance. To make things easy, we help you quickly and easily compare multiple quotes.

  • Fill out this online form
  • Get quotes from top tow truck insurance companies
  • Choose the insurance policy that best fits your needs.

Our goal is to make it easy to find the perfect tow truck insurance for your needs. If you have any other questions, contact us today by filling out our online form or giving us a call. We’d like to help you save money on your tow truck insurance rates.