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How Much Does Insurance for a Used Truck Cost?

“How much does insurance for a used truck cost” is one of the common questions drivers ask before they buy. Though the cost of these trucks is often low, the price you pay every year varies depending on factors like driving history, the state you live in, and cargo type.

For instance, if you have operators with impeccable driving history, you may need to pay $10,000 to $15,000 per used commercial truck. Here is a quick overview of different types of coverage commercial truck drivers hold.

Common Truck Insurance Types

General Liability Insurance

It typically covers any damage or bodily injury caused to another person or their property.

Non-Trucking Liability Insurance

It offers coverage for damages done to another person or their property while the driver was using the truck for non-commercial purposes.

Primary Liability Insurance

It offers coverage for bodily injury and property damage done to another person that occurred due to a trucking accident.

Bobtail Insurance

It offers coverage for third-party damages that occur while a driver was using the vehicle for business but wasn’t carrying cargo.

Motor Truck Cargo Insurance 

It offers coverage for damages to the cargo you’re transporting.

Physical Damage Coverage

It offers coverage for damages to trucks caused by vandalism, theft, collision, or natural disaster.

Workers’ Comp Insurance

It offers coverage for medical expenses and lost wages incurred due to work-related illness or injury.

Factors that Determine Insurance for a Used Truck

As mentioned above, your insurance cost for commercial vehicles varies depending on multiple factors. Usually, these factors include;

USDOT Authority

If you lease to a business, you may pay lower insurance rates versus operating under your authority. It’s because most leasing companies offer coverage for primary liability insurance for truckers on the road.

Drivers may get non-truck and bobtail insurance coverage to get added protection but this will still cost them less.


If the state you work in has a higher rate on commercial truck insurance, you will pay more.

Federal Filing

Some trucking businesses need federal filings. These include companies that haul hazardous materials and interstate trucking organizations. Keep in mind that these businesses have higher minimum liability limits. This increases their overall insurance cost.

Cargo Type

The cargo you haul also impacts the cost of truck insurance. It’s crucial to be straightforward and accurate about the material or cargo your trucks carry, as failure to reveal that information to the insurer may cause a future claim to be refused or denied.


The greater the distance you travel, whether regionally or locally, the more you’ll have to pay your insurance provider.

Truck Type

Used trucks are typically cheaper or inexpensive to ensure compared to brand new trucks. It’s because replacing or repairing a used truck often costs less than replacing or repairing a new one.

Driving History

If your driver’s record is marked by violations and car crashes, it makes a greater impact on commercial insurance costs.

Used trucks are not only much heavier but are also prone to accidents compared to new commercial vehicles.

Summing Up

In a nutshell, even a small traffic violations can raise your insurance costs for your trucks. Thus, you must know the factors that may impact the insurance cost of a used truck before buying one.

If you’re looking for ways to save then give us a call today or fill out our online quote form. You’re one step away from a competitive trucking insurance quote!


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