How Much Does 18-Wheeler Insurance Cost?

18-wheeler insurance costs vary depending on a number of factors, including the size and weight of the truck, the type of cargo being hauled, the driver's experience and safety record, and the insurance company offering the coverage. However, there are some general ranges that can give you an idea of what you can expect to pay.

Factors That Affect The Cost Of 18-Wheeler Insurance

• Size and Weight of the Truck: The larger and heavier the truck, the more it will cost to insure. This is because larger trucks are more likely to be involved in accidents and cause more damage when they do.
• Type of Cargo Being Hauled: The type of cargo being hauled also affects the cost of insurance. Hazardous materials, for example, are more expensive to insure than non-hazardous materials.
• Driver's Experience and Safety Record: Drivers with a clean driving record and a lot of experience will pay less for insurance than drivers with a poor driving record or less experience.
• Insurance Company Offering the Coverage: Different insurance companies offer different rates for 18-wheeler insurance. It's important to shop around and compare quotes from multiple companies before choosing a policy.

General Ranges For 18-Wheeler Insurance Costs

The average cost of 18-wheeler insurance can range from $5,000 to $15,000 per year. However, some drivers may pay more or less than this, depending on the factors listed above.

Here are some general ranges for 18-wheeler insurance costs, based on the size and weight of the truck:

• Class 8 Trucks: $10,000 to $15,000 per year
• Class 7 Trucks: $8,000 to $12,000 per year
• Class 6 Trucks: $6,000 to $10,000 per year

It's important to note that these are just general ranges. The actual cost of your insurance may vary depending on the specific factors involved.

How To Get The Best Rate On 18-Wheeler Insurance

There are a few things you can do to get the best rate on 18-wheeler insurance:

• Shop around and compare quotes from multiple companies.
• Maintain a clean driving record.
• Get experience driving 18-wheelers.
• Choose a truck that is the right size and weight for your needs.
• Haul non-hazardous cargo.

By following these tips, you can save money on 18-wheeler insurance and protect your business.