Virginia Commercial Truck Insurance
We’ve become one of Virginia’s top commercial truck insurance providers over the past 20+ years by offering adaptable coverage and payment choices, free filings, professional handling of heavy truck claims, discounts, and knowledgeable assistance. Hundreds of 5-star Google reviews and an A+ rating from the Better Business Bureau, you know you’re in good hands! For all of your hauling needs, we are the best business partner. We offer the best customer service around!
Get an Accurate, Affordable Truck Insurance Quote Today!
If a company’s truck is involved in an accident, commercial truck insurance will cover the costs. It’s required in Virginia for any truck used only for business. With amazing coverage options and the greatest claim settlement rates, NITIC takes pleasure in offering top-notch commercial truck insurance services to our clients across the whole US.
What Can We Offer Vermont Truckers Like You?
At NITIC, we work to make it simple and practical to compare commercial truck insurance quotes. We customize the coverage to meet your specific needs because we are familiar with all the hazards involved in the trucking industry. Requests for claims will be processed promptly.
Talk to our Virginia truck insurance agent today! And get a free personalized quotation.
Areas we cover in Virginia
We provide coverage for all Virginia cities, including the following when it comes to commercial truck insurance:
- Virginia Beach
- Chesapeake
- Arlington
- Norfolk
- Richmond
- Newport News
- Alexandria
- Hampton
- Roanoke
- Portsmouth
- Suffolk
- Lynchburg
- Centreville
- Dale City
- Reston
- Harrisonburg
- Leesburg
- McLean
- Tuckahoe
- Charlottesville
- Lake Ridge
- Blacksburg
- Ashburn
- Burke
- Manassas
- Woodbridge
- Annandale
- Danville
- Linton Hall
- Mechanicsville
- Oakton
- Fair Oaks
- Petersburg
- Springfield
- South Riding
- and surrounding towns and cities
Customers in these Virginia cities can choose from a variety of discounts. For the best protection for your business, just give us a call.
Commercial truck insurance coverages in Virginia
Every state in the United States mandate that truck owners and operators get third-party liability insurance to protect them from accidents that can cause both property damage and bodily harm. You need enough commercial truck insurance to safeguard your Virginia trucking business against unforeseen occurrences like accidents, vandalism, natural disasters, and others.
Through NITIC, you will get the following coverages that will help you run your trucking company successfully and offer first-rate financial support:
Get in touch with us to learn more about any of the aforementioned coverages, and we’ll let you know how much it will cost to have it tailored to your company.
What types of trucks do we offer coverage in Virginia?
Regarding the sorts of trucks to insure for your company, we in Virginia have the requisite experience. The many truck types for which we offer coverage are listed below:
- Box trucks
- Dump trucks
- Hotshots
- Tow trucks
- Semi-trucks
- Private Carrier
- Owner Operator
Need a free consultation? Give us a call. We will be right back to you.
Why do you require Commercial Truck Insurance in Virginia?
There are several dangers involved in operating a transportation business. Accidents, natural or man-made calamities, and vandalism are all constant threats to your assets (trucks and workers). Offering a shield is essential to keeping business operations running smoothly, and this is only possible with enough commercial truck insurance.
Any Virginia trucking company that uses a truck for work-related purposes must have sufficient insurance. Having the proper truck insurance will give you the following benefits:
- Covers the third-party costs (bodily injury and property damage).
- Covers all of your property damage and personal injuries.
- Defends against any legal action brought by accident victims
- Pay all medical costs.
- Covers any freight damage to your transport.
Minimum commercial truck insurance requirements in Virginia
According to Virginia law, commercial truckers must have a certain level of insurance. The sort of cargo you haul and the location where you draw it will decide how much you require. In intrastate transportation, cargo weighing more than 10,000 GVW requires a for-hire operating authority number and the following minimum insurance coverage:
- For hazmat, $5 million of liability insurance.
- For oil, $1 million of liability insurance.
- For general freight, $750,000 of liability insurance.
- For household goods, $300,00 of liability insurance.
- Also if you haul household goods intrastate, you will require liability insurance of $50k per truck and $50k per catastrophe.
Any truck that traverses state boundaries must adhere to the rules established by the FMCSA.
What is the cost of commercial truck insurance in Virginia?
All trucks in Virginia are required to carry average truck insurance of $1374 per month. The typical cost of insurance for a one-truck operation operated by a trucker with a clean driving history is as follows:
- $1026 per month for trucking primary liability
- $125 per month for cargo truck insurance
- $174 per month for trucking physical damage
- $50 per month for bobtail insurance
These price projections are based on primary liability, type of cargo, bobtail, and physical damage insurance. The final premium cost is affected by a number of factors, including,
- Type of cargo you are transporting
- Your previous insurance claims
- Length of time you have been in operation
- Amount of risk because risk varies from business to business
- Truck model, and weight
- Type of coverage you choose
Example Virginia Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Virginia insurance cost and premium. See below for a more thorough list of factors that can influence your truck insurance premium.
|
Limit of Liability
|
$300,000
|
$500,000
|
$750,000
|
$1,000,000
|
|---|---|---|---|---|
|
Dump Truck
|
$8,200
|
$10,200
|
$11,200
|
$12,200
|
|
Box Truck
|
$8,200
|
$10,200
|
$11,200
|
$12,200
|
|
Tow Truck
|
$8,200
|
$10,200
|
$11,200
|
$12,200
|
|
Tractor Trailer
|
$8,200
|
$10,200
|
$11,200
|
$12,200
|
Virginia Commercial Truck Insurance Filing Requirements
At NITIC, we make the process of securing your trucking authority in Virginia seamless and stress-free. Once you file for authority, we handle all the necessary insurance filings to ensure you’re fully compliant with state and federal regulations. Our services include managing the following forms:
- ICC Filing: This filing is essential for interstate trucking operations, ensuring you meet the Interstate Commerce Commission’s (ICC) requirements.
- MCS-90: This mandatory endorsement ensures that your insurance policy complies with federal financial responsibility standards for motor carriers.
- Form E: A certification of financial responsibility, this form verifies that your insurance policy meets Virginia’s liability coverage requirements.
- Form H: This form certifies that your cargo insurance meets state requirements, providing protection for the goods you transport.
- SR-22: Required for drivers who have had certain violations, this filing certifies that you maintain the minimum required liability insurance.
- FR-44: Similar to SR-22 but with higher liability limits, this filing is required for more serious offenses, such as DUI, and ensures you have sufficient insurance coverage.
By partnering with NITIC, you can focus on your trucking business while we take care of the paperwork and ensure full compliance with Virginia’s regulations. Reach out to us today to get started and keep your operations on the road without any interruptions.
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Sheri is the best customer service rep around. Very pleasant and very informative.
4.7/5
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