Semi-Truck Insurance

semi truck insuranceThe trucking industry is worth hundreds of billions of dollars in the U.S. Fleets large and small need dependable insurance options to protect their cargo, assets, and much more. Semi-trucks in particular require robust coverage, and American Insurance Brokers can help. Our team has been serving semi-truck drivers in Louisiana, Texas, Arkansas, Mississippi, Alabama, Georgia, and Tennessee since 1980. This is how we can help you find affordable and comprehensive semi-truck insurance options.

What kind of insurance do I need for a semi-truck?

Commercial truck insurance requirements vary by state. The exact coverage tools you choose will look different depending on your location, team size, and the work you do. However, these are some of the types of 18-wheeler insurance you’ll find in many of our policies.

Commercial auto liability

If you’re at fault for an accident, the bodily injury portion of your liability insurance will generally pay for the related expenses. It may cover hospital bills, rehabilitation, long-term care, funeral expenses, lost earnings, and many other expenses.

If you cause an accident that damages another person’s property or vehicle, the property damage portion may cover the expense to repair or replace those items. In some cases, this type of insurance will also cover your legal defense costs in the case of a lawsuit.

Physical damage

Physical damage is a general term for a group of insurance policies that protect your truck. This covers collision insurance, as well as your choice of full comprehensive insurance or fire and theft with combined additional coverage (CAC) insurance.

Collision insurance provides protection for your vehicle if it is damaged in an accident. Comprehensive insurance can protect your vehicle if it is damaged by something other than a collision with a vehicle or object, or if your vehicle is stolen.

Fire and theft with CAC provides similar protection to comprehensive insurance, except coverage is generally limited to certain specific, non-collision incidents.

Medical payments coverage

Also known as MedPay coverage, this may cover medical expenses for you and any passengers in your vehicle who are hurt during an accident. This is regardless of who caused the accident.

While this type of coverage is mandatory in some states, it is not available in other states or situations. Our team will help you make sense of your options.

Uninsured motorist insurance

This type of insurance can protect you if you’re involved in an accident with someone who is either uninsured or underinsured.

Options vary widely by state including coverage options, available limits, and mandatory requirements. For example, depending on the state, this type of insurance may actually be three separate insurance policies that are categorized together. Our team can help you determine which choices make sense for you.

Trailer interchange insurance

This type of physical damage insurance is important for trailers pulled under a trailer interchange agreement.

It can protect you financially if your trailer is damaged by collision, fire, theft, explosion, or vandalism. Note that, since the exchanged trailers are not owned by you, they require separate insurance coverage because they are not covered under your regular physical damage insurance.

Non-trucking liability insurance

When you’re under permanent lease to a motor carrier, and you’re not driving under dispatch, non-trucking liability insurance can provide the truck insurance coverage you need at an unlimited radius.

This is sometimes referred to as bobtail insurance, however this assumption isn’t always correct. Bobtail insurance typically protects a tractor when it’s being operated without a trailer, regardless of whether or not it’s under dispatch. Non-trucking liability, on the other hand, protects the tractor when it’s being operated off dispatch, regardless of whether or not it’s pulling a trailer.

Motor truck cargo insurance

For-hire truckers may need this type of insurance to cover liability for cargo that is lost or damaged due to fire, collision, or striking of a load.

If your load is accidentally dumped on a roadway or waterway, this type of insurance can help cover the cost to remove debris or extract pollutants caused by the debris. It may also help with legal expenses and freight charges.

Motor truck general liability

For-hire truckers or motor carriers generally need this type of coverage for injuries or property damage resulting from business activities unrelated to truck operations.

Examples may include customers slipping or falling on your premises, libel or slander exposure, and more.

Workers’ compensation insurance

Workers’ compensation insurance, also known as workers’ comp, is necessary for businesses in a variety of industries. It can cover medical costs and a portion of lost wages for an employee who is injured on the job. It also protects companies from lawsuits relating to workplace conditions.

How to manage semi-truck insurance costs

semi truck insuranceMany business owners worry about the costs of insuring their fleet, but semi-truck insurance costs don’t have to be astronomical. At American Insurance Brokers, we are dedicated to helping you find the coverage you need at a reasonable price. Fortunately, there are often a few ways to reduce the cost of your big rig insurance.

While every policy is different, we’ll help you look for discounts, such as incentives for paying on an annual basis. On average, you can save up to 20% on your premium by paying up front in one lump sum.

For drivers with a proven track record of safe driving, it may be worth considering a higher deductible or lower limit policy. If you decide to go this route, it’s important to remember that if an accident does occur, you will be responsible for much more financially.

A clean driving record can also help you lower your semi-truck insurance costs over time, though. To take advantage of this, keep your vehicles in optimal condition and always remain cautious while on the road. Make sure your team knows the importance of safety during every mile.

Semi-truck insurance in Louisiana

At American Insurance Brokers, we’re proud to call Mandeville, Louisiana our home. We’ve spent decades working with truck drivers and businesses across the state. Our certified agents know the challenges that make 18-wheeler insurance in Louisiana so important.

We can get you coverage for risks particular to our state and make sure you get the best rates for your business. Rest assured knowing we cover the following endorsements:

  • MCS90
  • BMC34
  • Form E
  • Form H
  • OS/OW COI
  • SR22

Is your business taking you beyond state lines? Our experienced team can help you find a policy that will get you the coverage you need, wherever you need it.

Semi-truck insurance in Texas

There is a lot of road to cover in Texas. If you’re traveling through this vast state, you need big rig insurance you can count on.

While coverage requirements are similar to most of the other states in the South, there are a few differences. In Texas, on-hook towing insurance is known as garagekeeper’s legal liability insurance. This type of coverage may help you repair or replace a vehicle you don’t own if it is damaged by a collision, fire, theft, explosion, or vandalism while you are towing or hauling.

Because of this difference in definition, storage location insurance is the term used for traditional garagekeeper’s coverage. This can protect business owners who offer towing services or operate service stations.

Semi-truck insurance in Alabama

Over the course of a year, a truck driver can average more than 100,000 miles on the road. For comparison, the average person drives only about 13,500 miles a year. This puts into perspective the importance of semi-truck insurance. Serving all of Alabama, including Huntsville, Birmingham, Montgomery, and Mobile, American Insurance Brokers offers a policy for nearly any trucking situation in the state.

Your quote will be highly personalized, taking into account:

  • Driving record
  • Garage location
  • Limit of liability coverage and deductible desired
  • Type of operation
  • Condition and age of equipment

It will also take into account whether you travel across Alabama state lines.

H2: Semi-truck insurance in Mississippi

Trucking accounts for nearly 71% of the freight that is moved around the country. That surpasses trains, boats, and planes when it comes to moving cargo around the U.S.

Depending on the type of goods you’re transporting, this is the type of coverage that is necessary in truckers in Mississippi:

  • $300,000 for household goods
  • $750,000 for general freight
  • $1,000,000 for oil transport
  • $5,000,000 for hazmat materials

If you do cross state lines, you’ll need to meet federally-mandated coverage guidelines. Typical liability minimums are between $750,000 and $1,000,000.

Semi-truck insurance in Tennessee

From Knoxville to Memphis, commercial truck insurance in Tennessee is easier when you work with American Insurance Brokers. Like many other states, the amount of liability insurance you need will depend on what you’re transporting.

From there, we can add on important coverages, such as medical payment insurance, trailer interchange insurance, and much more. Our skilled team at American Insurance Brokers will create a policy that serves your needs in Tennessee and beyond.

H2: Semi-truck insurance in Arkansas

According to experts, most grocery stores would start running out of food in just three days if truckers stopped working. In Arkansas, the home and headquarters of Walmart, this is particularly significant.

Whether you’re transporting food or other products, we offer a variety of options for semi-truck insurance in Arkansas. You choose the coverage you need as dictated by state law.

Semi-truck insurance in Georgia

In Georgia, trucks operating within state lines usually require at least $100,000 per person and $300,000 per accident in liability coverage.

If your business takes you to surrounding states and beyond, we can help you find the right interstate coverage to meet your needs. Our agents are knowledgeable about issues that are specific to Georgia insurance policies, whether or not you’re crossing state lines.

Your first choice

Our goal is to make your semi-truck insurance process simple and straightforward. We combine decades of proven reliability with the best in customer service. Every agent we employ at American Insurance Brokers is committed to finding a policy that fits your company’s unique needs.

If you’re looking for maximum security without overpriced premiums, call American Insurance Brokers today. Get your free policy review, and find out why we’re your first choice for semi-truck insurance in the South.