November 2, 2022

Best Commercial Truck Insurance in 2022

With more than 700,000 trucking companies overseeing millions of truck drivers in the United States, it is important that there are high-quality options available for commercial truck insurance coverage. However, with many companies offering policies, how do you know which one is best for your trucking company? Not only do you need to know which company to go through, but you also need the right combination of coverage, including liability, collision, or comprehensive. You also not only need to meet minimum standards for liability coverage under the law, but you need to ensure you have enough to protect your company from bankruptcy in the event of a catastrophic accident. You need to have sufficient coverage for your valuable trucks and the cargo they carry. Below is some information about the best commercial truck coverage for 2022. To discuss the best options for your company, reach out to our insurance professionals at Panorama Insurance today.

Best Coverage for Single Trucks

If you do not have a large trucking operation or a fleet, you still need quality insurance for even a single commercial truck. The top provider for this type of coverage in 2022 is Sentry. Sentry provides policies in all 50 states and has flexible options for coverage, tailoring policies to the needs of each customer. The company focuses on truck coverage – especially for owner-operators. Because Sentry is a smaller company, there are limited online options, and it is always best to work with an insurance agent if you are interested in obtaining coverage.

Best Overall Commercial Truck Insurance

The number one company overall for commercial trucking coverage is Progressive, the provider with the largest commercial vehicle coverage market share in the United States. Progressive covers many types of commercial vehicles in all 50 states with a wide range of policy options. Even with the top provider, there are pros and cons. For example, Progressive will offer free federal and state insurance filings, but it limits fleet size for coverage in many situations. You might receive various discounts, but you might have a specific travel radius. You will also need to work with an agent to obtain this type of coverage.

Best Coverage for Fleets

If you have a fleet of trucks, you need fleet-specific insurance policies. For this, The Hartford is the best policy. Panorama can assist you in obtaining fleet policies with The Hartford that will benefit your business. The company has been providing insurance since 1810 and provides benefits to trucking companies in all 50 states. Policies can cover general liability, excess liability, auto, property, and workers’ comp. The company also covers many types of commercial vehicles. Speak with our commercial truck insurance professionals to learn more about this recommended fleet coverage.

Speak with Our Truck Insurance Professionals Today

At Panorama Insurance, we work closely with trucking operations to identify the best coverage for each situation. If you are seeking top insurance coverage for a single truck or an entire fleet, our team can help. Contact us for more information. Call: 818-781-6630.

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