Commercial Truck Insurance Requirements Indiana Commercial Truck Insurance Requirements for Motor Carriers start with Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. Commercial trucks hauling freight for hire across state lines must first register with FMCSA.   Commercial Trucks operating Intrastate in Indiana are also required to get a Federal DOT number. Here’s the FMCSA registration portal to get your DOT number.   Be sure to run estimates on your commercial truck insurance premiums with a ..read more

Reducing your truck insurance premium is difficult in the current hard market. Here are some tips to help you maintain solid coverage while tweaking your commercial insurance premium. 1.  Fix your Credit Score Your Credit Score is not the same as your Insurance Credit Score. Insurance companies insist they don’t use your Credit Score, they use your Insurance Credit Score. What’s the difference? Technically your Credit Score is based on your ability to repay your debts. That number is found on your Credit Report.   Your Insurance Credit Score is your Credit Report Info AND your accide ..read more

Cargo Vans vs Sprinter Vans has been a truck parking lot debate for years. Read on to find out the differences between cargo and sprinters, and what is the best fit for you. Cargo Vans by Ford, GMC and Chrysler were originally the preferred unit to haul cargo in the 90’s. Then Mercedes Benz introduced Sprinter Vans in 1995 in Europe and began exporting them to the U.S. in 2001. Ford, GMC and Chrysler have since updated their original designs with Cargo Vans similar to Sprinters.   Cargo Vans vs Sprinter Vans in Size Independent Contractors debate whether they may have more access to large ..read more

Commercial Truck Insurance Requirements Ohio Commercial Truck Insurance Requirements for Motor Carriers start with Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. Commercial trucks hauling freight for hire across state lines must first register with FMCSA.   Commercial Trucks operating Intrastate in Ohio are also required to get a Federal DOT number. Here’s the FMCSA registration portal to get your DOT number. Run estimates on your commercial truck insurance premiums with a professional truck insu ..read more

Commercial Truck Insurance Requirements Texas Commercial Truck Insurance Requirements for Motor Carriers are based first on Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. In order to drive legally, commercial trucks hauling freight for hire across state lines must first register with FMCSA. FMCSA then assigns you a DOT number.   Required Proof Proof of minimum Commercial Auto Liability Insurance limits are then required. Your insurance provider supplies that proof directly to FMCSA with a BM ..read more

Florida Commercial Truck Insurance Requirements for Motor Carriers are first based on Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. In order to drive legally, commercial trucks hauling freight for hire across state lines must first register with FMCSA. FMCSA then approves your Operating Authority and assigns you a DOT number. Proof of minimum insurance limits are required before you are granted Motor Carrier approval by FMCSA.   FMCSA Commercial Auto Liability Requirements for Motor Carriers $75 ..read more

One of the most common questions we receive as Truck Insurance Brokers is How does Non Trucking Liability insurance differ from Primary Liability.  Why is there such a cost difference?   Let’s start with the basics.   Non Trucking Liability – NTL – is insurance coverage for an Owner Operator who has permanently leased on his truck to haul freight for ONE Motor Carrier.   Commercial Auto Liability for truckers is broken down into Primary Liability or Non Trucking Liability. Either Liability is designed to cover you when you’ve hit someone or something with your truck.   ..read more

Commercial Truck Insurance 101 for Motor Carriers and Owner Operators starts with the 4 different categories of coverage: Commercial Truck Insurance has 4 categories             Commercial Auto Liability Physical Damage Cargo General Liability   What does each category of truck insurance cover and how does each one protect you?   Let’s start with the first category of Truck Insurance, Commercial Auto Liability Commercial Auto Liability covers you if you cause damage to others by hitting someone or something. Commercial Auto Liability covers you when yo ..read more

Your Commercial Truck Insurance is set at a Stated Amount chosen by you, the Owner Operator.  But your truck could still be under insured.  Read more to see why. Savvy Owner Operators know that after an accident, the truck insurance company will look at the vehicle’s Stated Amount and Actual Cash Value (ACV) and pay whichever IS LESS. When you buy your Commercial Auto Policy, you choose the Stated Amount of your vehicle. Your truck insurance broker can help you, but your insurance policy agreement is based on your knowledge of the current value of your vehicle. Values of Cargo Vans a ..read more

Owner Operators who need Truck Roadside Assistance are often shocked at the exorbitant rates some towing companies charge.  Until now most insurance companies have shied away from offering roadside assistance to large trucks.  Progressive Commercial Truck Insurance has broken the barrier and is now offering Heavy Truck Roadside Assistance.   How much does it usually cost to tow a large or heavy truck?   Costs can vary dramatically, but generally the tow starts with a hook up fee of $250 to $500 and then $20 to $50 per mile. To make it worse, OverdriveOnline reports on multi ..read more