How Much Does Commercial Truck Insurance Cost in Maryland
On average, the cost for commercial truck insurance in Maryland is around $17,500.
Your Maryland truck insurance can range from $14,400 to $16,000+, depending on your specific situation.
These Maryland insurance premium estimates are based on Maryland truckers with one truck who need insurance for liability, cargo and physical damage. There are many different variables that can impact the cost such of your insurance costs, such as: what you are hauling, your driving record and history, and how long you have been in business, and many other factors.
Find out more about commercial truck insurance in Maryland here!
Example Maryland Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Maryland 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
|
$12,200
|
$14,200
|
$15,200
|
$16,200
|
|
Box Truck
|
$12,200
|
$14,200
|
$15,200
|
$16,200
|
|
Tow Truck
|
$13,200
|
$15,200
|
$16,200
|
$17,200
|
|
Tractor Trailer
|
$13,200
|
$15,200
|
$16,200
|
$17,200
|
With its proximity to major metropolitan areas like Washington, D.C., and Baltimore, Maryland presents unique challenges for truckers. NITIC offers insurance solutions that consider these factors, providing Maryland truckers with coverage that meets the state’s stringent requirements while keeping costs manageable.
Why Choose NITIC for Your Maryland Truck Insurance Quote?
At National Independent Truckers Insurance Company, RRG (NITIC), we understand that the cost of commercial truck insurance is a critical concern for truckers, whether you’re an independent owner-operator or managing a small fleet. With over 21 years of experience in the industry, NITIC has established itself as a reliable partner in providing affordable and accurate insurance quotes tailored to meet the specific needs of truckers across the nation. We are licensed to underwrite insurance in 48 states, and our dedicated team of licensed insurance agents specializes solely in trucking and commercial insurance, ensuring that we stay on top of the ever-changing requirements from federal regulations, freight brokers, and commercial carriers.
When you choose NITIC, you’re not just getting an insurance policy; you’re gaining a partner committed to helping you navigate the complexities of the trucking industry. Our B++ (Good) rating from A.M. Best underscores our financial strength and ability to meet our obligations to policyholders. This rating reflects our commitment to maintaining a solid financial foundation, giving you peace of mind that we will be there when you need us most.
NITIC’s reputation is further solidified by hundreds of 5-star Google reviews from satisfied customers who appreciate our personalized service and competitive rates. We understand that every state has its unique requirements and challenges, which is why our quotes are customized to reflect the specific conditions in Maryland.
Whether you’re operating in Maryland or any other state, our goal is to provide you with an affordable and accurate insurance quote that meets your needs. We take the time to understand your business, the types of cargo you haul, your driving history, and other factors that influence your insurance rates. By doing so, we ensure that you receive the best possible coverage at a price that fits your budget.
If you’re wondering how much commercial truck insurance costs in Maryland, NITIC is here to help. Contact us today to get a quote tailored to your specific needs and discover why so many truckers trust us to protect their livelihoods on the road.
