Heavy Truck Insurance: Does Weight Effect Price?

If you are a long hauler, contractor, or owner-operator looking for heavy truck insurance, it is important to understand how your truck weight affects your insurance coverage. Trucks weighing 10,000 GVW or more fall into a separate commercial insurance classification and require more specialized insurance. Commercial truck insurance premiums can be 20 to 30 times higher than auto insurance rates, and finding a specialized commercial insurance provider is important.

While the most important determiners of your heavy truck premium will be your driving record (as well as your age and level of experience) as well as the age of the truck, weight does factor into the premium. The cargo you carry or the cargo limits of your truck may also affect your insurance; cargo insurance protects you as a driver when you assume liability for a load, and the cost of that insurance is based on the maximum load limit of your insured truck.

To make sure you get the best possible insurance, shop and compare rates with companies that specialize in providing commercial truck insurance. The lowest premium is not always the best choice, since insurance companies can often provide valuable services like ICC Authority insurance. When your truck is your livelihood, it's important to make sure you have the coverage you need.

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