Texas Commercial Truck Insurance

The Thumann Agency offers customized commercial truck insurance in Texas. As an independent agency, we compare quotes from multiple carriers to provide the best coverage at competitive rates. Our expert agents are here to answer your questions, tailor policies to your needs, and guide you through liability, property coverage, and available discounts.

What is Commercial Truck Insurance?

Commercial truck insurance is a specialized type of insurance coverage designed specifically for trucking companies and owner-operators who operate commercial trucks in Texas. This insurance provides essential financial protection against a variety of risks associated with trucking operations, such as accidents, injuries, and property damage. By offering a comprehensive package of different coverages, commercial truck insurance can be tailored to meet the unique needs of each trucking business, ensuring that both the vehicles and the business itself are well-protected.

Did You Know?

• In Texas alone, over 10% of all road accidents involve commercial trucks, making it one of the most regulated states in the U.S. for trucking insurance.
• In the U.S. commercial trucks are involved in 6.5% of all fatal vehicle accidents annually. Having the right insurance is crucial for protecting your business.

How to Get the Right Commercial Truck Insurance for Your Business

1. Assess Your Needs:
   Understand the type of trucking services you provide, your vehicle types, driving distances, and the value of your cargo. Each factor will influence your policy.

2. Choose the Right Coverages:
   Ensure that your insurance policy includes essential coverages like liability, physical damage, and cargo insurance.

3. Review Legal Requirements:
   In Texas, trucking companies must meet specific insurance requirements. You’ll need at least $300,000 in liability coverage for trucks under 26,000 pounds GVW, and $500,000 for heavier trucks.

4. Consult with an Expert:
   Speak with a licensed insurance agent to tailor a policy that fits your unique trucking business. A well-crafted insurance policy can help you save on premiums without sacrificing protection.

Commercial Truck Insurance Basics

Commercial truck insurance in Texas is not just any insurance; it requires a deep understanding of the trucking industry to ensure adequate protection. This type of insurance is designed to shield trucking companies and owner-operators from significant financial losses that can arise from accidents, injuries, and property damage. The core components of Texas commercial truck insurance include liability insurance, physical damage coverage, and cargo insurance.

• Liability insurance covers bodily injury claims and property damage resulting from a trucking accident.
• Physical damage coverage protects the truck itself from damage, whether from collisions or other incidents.
• Cargo insurance safeguards the goods being transported, ensuring that the cargo is covered in case of damage or loss.

Did you know?
That accidents cost the U.S. trucking industry over $100 billion annually in legal fees, settlements, and vehicle damage? Protecting your fleet with the right insurance is a smart investment.

What Does Commercial Truck Insurance Cover?

Commercial Trucking Insurance in Texas is very similar to auto insurance in Texas. Policies are available with several types of insurance coverage to fit each trucker's specific needs. Commercial Truck Insurance policies are specially designed to protect your business and your personal assets. Thumann Insurance can provide you and your truckers with excellent coverage, including:

Commercial Truck Liability Insurance

Commercial Truck Liability Insurance covers your liability risks if you or one of your drivers has an accident. Your policy will include bodily injury liability to cover the costs of any injuries and/or medical expenses for the injured party. You will also have property damage liability to cover the costs of any property damage resulting from an accident. Your Commercial Truck Liability Insurance will also cover the expenses of your legal defense.

Physical Damage Coverage

Physical Damage Coverage covers any damage to your vehicle from an accident or other incidents. It also includes comprehensive coverage that pays for damage from theft, vandalism, and non-collision causes. Physical Damage Coverage also includes collision coverage.

Uninsured Motorists Coverage

Uninsured Motorists Coverage covers any costs of damages and injuries to you or one of your employees when the other driver is at fault but has no insurance. This ensures that you, your truck, and your employees get the assistance you need - when you need it.

Does My Truck Insurance Cover My Trailer?

Depending on your commercial truck insurance policy, your trailer attached to your truck may or may not be covered. It is crucial to have a thorough understanding of your policy to know how you are protected in the event of a collision.

How to Ensure Your Trailer is Covered:

• Read your policy closely or ask your insurance agent about coverage for trailers.
• Opt for comprehensive Texas truck insurance policies that clearly state trailer coverage in the event of an accident.
• Always verify whether your trailer is covered in the case of towing or when detached from the truck.

Want to learn more about our policies? Chat with a representative today (972) 991.9100 Or start your free no-obligation quote now. 

What Does Non-Trucking Insurance Mean? What Does It Cover?

Non-Trucking Liability (NTL) insurance protects drivers when they use their truck for non-business-related purposes. NTL insurance helps provide more thorough coverage for the motor carriers' primary liability policy.

Statistics:
Nearly 40% of truck drivers report using their trucks for non-business-related activities, making Non-Trucking Liability insurance an important consideration for owner-operators.

Cost of Commercial Truck Insurance

The cost of commercial truck insurance is determined by several factors, including:

• Your business type
• Your type of cargo
• Your driving radius
• Your type of truck
• Your location
• The limits you need
• The drivers' driving history

In Texas, commercial auto policies must have a minimum liability limit of $30,000 per person and $60,000 per accident for bodily injury, and $25,000 for property damage.

Statistics on Insurance Costs:

• The average cost of commercial truck insurance in Texas ranges from $8,000 to $20,000 annually, depending on the type of vehicle and coverage selected.
• Owner-operators can expect to pay between $5,000 and $7,000 annually for liability-only coverage.

How to Lower Your Truck Insurance Premium

1. Maintain a Clean Driving Record:
   Insurance companies consider your drivers' safety records when calculating premiums. Keep your drivers’ records clean to lower costs.

2. Install Safety Devices:
   Use GPS tracking, dash cams, and anti-collision sensors to prevent accidents and show insurers that you're reducing risk.

3. Bundle Policies:
   If your business needs additional coverage like property insurance or general liability insurance, consider bundling them with your commercial truck insurance to receive discounts.

Best Commercial Truck Insurance

For commercial truck drivers in Texas, we offer a variety of insurance policies to protect you and your business. A licensed agent will craft a policy to fit your exact needs at an affordable rate. Whether you need a certificate of insurance, helpful insurance tips, online claim forms, or more, we make it easy to file a claim and access the support you need.