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How much does semi-truck insurance cost?

Semi-truck insurance generally costs between $13,000 and $23,000 per year per power unit. But this is a simple answer that we give without knowing many of the details about your business that can affect your semi-truck insurance rates, such as:

  • Your drivers and their MVRs
  • Your location and radius of operation
  • Your SAFER score
  • Your truck
  • What you haul/What contracts you have
  • How many years you’ve been in business

Many details about your business affect your rates, so you could be at the lower end or the upper end of that range – or not within the range at all. Insurance rates differ so much from business to business, which is why it’s essential to get semi-truck insurance quotes.

Number of Semi TrucksAverage Insurance Cost per Year
1 rig$13,000 – 23,000

How much does insurance on semi trucks cost?

We have to explain something very important:

Tractor trailer insurance rates are very different from business to business. Even if your business or your truck is similar to someone else’s, you’ll probably end up paying very different rates for your insurance. Insurance companies look at a lot of different details about your business before deciding whether or not to insure you and what your rates will be. We’ll explain a bit more about this in detail, but we want to make it clear that these numbers are just a ballpark estimate. Your rates may fall in this range or they may not.

That being said, insurance for a semi-truck or big rig can be anywhere between $13,000 and $23,000 (per year per power unit.) Rural businesses with clean loss records are more likely to fall at the lower end of that range, while businesses with tickets and accidents are more likely to fall at the upper end of that range. Where your business falls within this range (or out of this range) depends on many factors, such as your location, drivers, and SAFER score. Another important note – cargo insurance will cost you extra.

What are these magical factors that determine your truck insurance rates? We’ll explain.

What factors affect the cost of semi-truck insurance?


The age and truck driving experience of your drivers can affect your insurance rates. Their Motor Vehicle Records, or MVRs, can also play a part. The MVR gives an overview of the driver’s record, so it can indicate whether or not the driver has a history of safe driving. If your drivers have clean MVRs and they have lots of experience, you could get lower insurance rates.

Tickets, accidents, claims.

If your business has a history of traffic tickets or accidents, that can cause your rates to be higher. That’s because, to the insurance company, you represent more of a risk of getting into an accident in the future. That’s why the insurance company may want to see a copy of your loss run, which is a history of your claims or accidents.

Your SAFER score.

The insurance company will also look at your SAFER score when they’re setting your rates. If you have a better SAFER score, you could get better insurance rates.

The truck.

The year, make, and model of your truck can also affect your truck insurance rates. The more valuable your truck, the more expensive it will probably be to repair or replace it if something happens to it – so your truck insurance cost could be higher.

How many trucks you have.

If you have a lot of trucks, you’re going to need more insurance in case of a total loss. And having more trucks also means more chances of having a loss.

What you haul/What contracts you have.

Your contracts and the type of load you typically haul can affect your rates as well. The insurance company will want to know what sort of loads you’ll be transporting, and they’ll also probably want to know who you’re transporting them for.

How many years you’ve been in business.

If your business has been around for a few years and you’re established, you could get better tractor trailer rates than a newer business if your loss record is pretty clean. That’s because the insurance company has more data to look at and you’ve proved that you’re running a safe operation.

Where you’re located/Your radius.

The insurance company will also want to know where you’re hauling your loads, how far you travel, and whether or not you cross state lines. All of these details make a difference to your truck insurance cost.

How to get a truck insurance quote.

All of these factors can affect the cost of semi-truck insurance for your business. The best way to know for sure how much you’ll have to pay in premium is to get a truck insurance quote. How do you do that? Well, when you work with our team it’s pretty easy! Check it out:

  1. You fill out our online quote form or give us a call.
  2. An agent will talk with you about your business, what kind of insurance you need, your risks, your drivers, your trucks, and so on.
  3. We shop your rates and get multiple quotes for your insurance.
  4. We give you your quotes and go over all of your coverage options with you.
  5. You pick the plan that works best for your business and we help finalize your coverage.
  6. We’re here to help with any of your insurance needs and to answer any questions you may have.


truck insurance quotes


Interested in getting some truck insurance quotes for your big rig? We can help. You can get started with our online quote form. Our truck insurance experts are pros at making insurance easy, and we can also help you save money on your truck insurance. We’ll help you get great coverage at a great rate, and we’ll make sure that your insurance is customized just for your business.