How Much Does Truck Insurance Cost in 2025?

Truck insurance is one of the largest operating expenses for trucking companies and independent owner-operators. Understanding how much you can expect to pay in 2025 — and what factors influence those costs — is essential for budgeting and managing your trucking business effectively.

Average Cost of Truck Insurance in 2025

Truck insurance premiums vary widely depending on your business model, driving record, location, and type of cargo. Here’s a general breakdown of average annual costs:

• Owner-Operator (Under Lease): $3,000 – $6,000
• Owner-Operator (With Authority): $9,000 – $15,000+
• Small Fleet (2–5 trucks): $12,000 – $20,000 per truck
• New Authority: Often 20–40% higher due to lack of experience

Factors That Influence Truck Insurance Rates

Insurance companies use a variety of risk-based metrics to calculate your premium. The main factors include:

• Driving Record: A clean record leads to lower rates. Violations and accidents raise premiums significantly.
• Experience: New drivers or new authorities tend to pay more due to lack of history.
• Location: Insurance costs are higher in states with more accidents, thefts, or lawsuits (e.g., Florida, California).
• Type of Cargo: Hauling hazardous materials or high-value goods can increase premiums.
• Mileage: More miles driven per year increases exposure to risk.
• Vehicle Type: Year, make, model, and value of the truck affect physical damage coverage rates.

Breakdown by Coverage Type

Here’s what you might pay for each component of a commercial truck insurance package:

• Primary Liability: $5,000 – $12,000
• Physical Damage: 2.5% – 5% of the truck’s value
• Cargo Insurance: $400 – $1,200
• General Liability: $500 – $1,500
• Occupational Accident or Workers' Comp: $1,600 – $3,200

Ways to Lower Your Truck Insurance Premium

Insurance is expensive, but you can save money by taking the following steps:

• Maintain a Clean Record: Avoid violations and accidents at all costs.
• Use Safety Technology: Dashcams, GPS tracking, and ELDs can reduce risk.
• Choose Coverage Wisely: Don’t over-insure — pick the policies you actually need.
• Bundle Policies: Use the same provider for multiple coverages to qualify for discounts.
• Pay Annually: Paying in full often leads to lower premiums compared to monthly payments.

How to Get a Truck Insurance Quote

The best way to find competitive rates is to get multiple quotes. When requesting a quote, be prepared to provide:

• DOT number and MC number (if applicable)
• Driving history for all operators
• Details of the truck(s) and trailer(s)
• Business location and operating radius
• Type of cargo and typical routes

Compare quotes from national carriers, regional providers, and brokers who specialize in trucking.

Conclusion

Truck insurance in 2025 continues to be a major cost for motor carriers, but understanding the price structure and taking steps to reduce risk can significantly lower your annual premiums. Work with an experienced insurance agent to create a custom policy that fits your business — and your budget.