Delaware Commercial Truck Insurance
Delaware truckers choose NITIC for their commercial truck insurance needs! With over 30 years of commercial truck insurance expertise, our team is on hand to provide quality customer service and aggressive quotes for any type of commercial truck. We ensure all kinds of trucks with customized coverage according to specific business needs. Once you partner with us, you will get the finest coverage that falls within your budget.
Protect your Delaware trucking business at the lowest cost
Truck drivers across the country trust our team to provide fast, accurate commercial truck insurance quotes. Read our hundreds of 5-star Google reviews or our A+ rating with the BBB!
Accidents on the road bring grave consequences for a trucking business. Damages to property or people can put the entire business on pause. Unforeseen incidents cannot be controlled but protecting your finances is in your hands. Let us be your partners in providing this safety net to your business. We have over 3 decades of experience in offering various truck insurance solutions to our clients. Be one of our prime customers and forget all the worries.
What can our team offer Delaware truckers like you?
NITIC provides exceptional customer service in each step of getting insurance to processing the claim. We have a team of professionals who are certified and highly experienced in providing trucking solutions in Delaware. They will help you get the most beneficial truck coverage out of your money spent. NITIC is renowned for its excellent and fastest claim settlements. We are well aware of all likely risks associated with the trucking business and help you cover the cost of expenses you suffer in an accident. We offer reliability and affordability, get in touch with us to explore your options.
Areas we cover in Delaware
We offer truck insurance in almost every city of Delaware including:
- Claymont
- Brookside
- Dover
- Elsmere
- Edgemoor
- Laurel
- Georgetown
- North Star
- Pike Creek
- Wilmington
- Seaford
- Wilmington Manor
- Glasgow
- Middletown
- Hockessin
- Milford
- Newark
- New Castle
- Smyrna
Our customers from all these cities are satisfied with our insurance services. Let us find you the best truck coverage that offers great financial support when an incident happens.
Commercial truck insurance in Delaware
When heavy vehicles like semi-trucks or dump trucks are involved in an accident, the outcomes are catastrophic. The amount of physical and property damage can be massive. To safeguard your trucking business from such possibilities, you need adequate commercial truck insurance in Delaware. This coverage offers peace of mind and great monetary support when risks hit your business.
At NITIC, we provide insurance options for all commercial trucks including:
What types of trucks do we provide coverage in Delaware?
Sticking to minimum state requirements like primary liability insurance is beneficial but only to a certain extent. If you want to safeguard your trucking business in Delaware, you need to think beyond the mandatory coverages which are:
Physical damage: This coverage protects the insured from several possibilities that lead to property damage. It pays for the cost of repair or replacing the truck if it gets seriously damaged in an accident.
Motor truck cargo: In case, the cargo you transport gets damaged in the middle of the journey, you get compensated for the freight loss or damage you suffer in an incident.
Non-trucking liability: Non-trucking liability coverage protects your truck against physical injury or property damage occurring when it is used for non-commercial activities or is under dispatch.
Trailer interchange: This coverage protects the insured from loss or damage to non-owned or leased trailers in the accident.
Delaware Commercial Truck Insurance Requirements
In Delaware, commercial auto policies must adhere to specific liability limits set by state law, typically known as 25/50/10 coverage. This translates to $25,000 per person and $50,000 per accident for bodily injury, and $10,000 for property damage. However, certain vehicle types may necessitate higher coverage limits.
Moreover, Delaware mandates personal injury protection (PIP) coverage to cover medical expenses and lost wages of drivers and passengers, regardless of fault. As a “no-fault” state, legal action against at-fault drivers for injuries is only permissible after exhausting PIP coverage.
Based on your trucking business needs and the types of truck covered, opting for higher coverage limits beyond state requirements is advisable. This ensures comprehensive protection tailored to your trucking business’s specific circumstances.
Learn more about General Liability and Primary Liability
Delaware Commercial Truck Insurance Cost
Based on your limit of liability, driving history, and the type of truck you’re insuring, Delaware truckers can expect to pay anywhere from $12,200 to $17,200 per year for coverage. For more information on what factors might impact your yearly insurance premium, see below.
Read more on Delaware commercial truck insurance costs here!
Example Delaware Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Delaware 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
|
$13,200
|
$14,200
|
$16,200
|
|
Box Truck
|
$12,200
|
$13,200
|
$14,200
|
$16,200
|
|
Tow Truck
|
$13,200
|
$14,200
|
$15,200
|
$17,200
|
|
Tractor Trailer
|
$13,200
|
$14,200
|
$15,200
|
$17,200
|
How Can I Save on Commercial Trucking Insurance in Delaware?
Safety Programs: Introduce safety programs within your trucking business to mitigate the risk of accidents. Delaware insurers often offer discounts for businesses with robust safety measures.
Driver Training: Ensure your drivers undergo regular training to enhance their skills and safety awareness. Well-trained truck drivers in Delaware may qualify for reduced insurance premiums.
Maintain a Good Driving Record: Maintain a clean driving record for both your business and individual drivers to potentially lower insurance costs. Minimize accidents and traffic violations to maintain a favorable insurance profile.
Choose Higher Deductibles: Opt for higher deductibles to potentially lower premium costs, but carefully consider the financial impact on your business in case of a claim.
Safety Features: Outfit your Delware commercial trucks with safety features like GPS tracking, anti-theft devices, and collision avoidance systems. Insurers in Delaware often offer discounts for vehicles equipped with advanced safety technology.
Fleet Management: Implement efficient fleet management practices, including regular maintenance, inspections, and meticulous record-keeping. A well-maintained fleet can lead to reduced insurance expenses.
Review Coverage Needs: Periodically evaluate your coverage requirements and adjust them based on changes in your business operations. Avoid over or under-insuring your trucks to optimize costs.
Bundle Policies: Explore bundling different insurance policies with providers in Delaware, as this may result in discounts on overall insurance expenses.
Increase Security: Enhance the security of your trucks by implementing measures such as secure parking, surveillance, and cargo protection. A secure operation may qualify for lower insurance rates.
Delaware Commercial Truck Filing and Permit Requirements
DOT NUMBER A DOT
(Department of Transportation) number serves as a unique identifier assigned to commercial trucking companies, not only in Delaware but nationwide. Its primary function is to facilitate the tracking of safety records and any infractions committed while operating on public roads. Possessing a DOT number signifies to fellow operators on the road that the company has met all legal prerequisites for commercial trucking operations within Delaware and throughout the United States.
FEDERAL MC AUTHORITY
The Federal Motor Carrier Safety Administration (FMCSA), a division of the US Department of Transportation, oversees commercial trucking authority. A pivotal aspect of this authority, often overlooked, is the Motor Carrier (MC) number issued by the FMCSA. Upon approval and issuance of an MC number, a company gains the legal authority to operate across state lines as a commercial motor carrier. This MC number enables motor carriers to lawfully and securely transport goods nationwide, contributing to safety on US roads. Without an MC number from the FMCSA, commercial trucking activities would be confined solely to Delaware.
BOC-3 FILING
Commercial trucking enterprises must fulfill a ‘BOC-3’ filing, a federal regulatory requirement. BOC-3, or the ‘Proper Person Form,’ is mandated in all states where the corporation or LLC intends to hold authority. Although filing specifications may vary slightly from state to state, Delaware’s requirements are notably stringent. The filing necessitates a list of names and addresses for service of process agents in Delaware, who can accept legal documents on behalf of the registered company or entity engaged in commercial motor carrier operations. Since its inception, this federally mandated filing has become an integral part of commercial trucking registration procedures.
UCR FILING
Unified Carrier Registration (UCR) filings offer a centralized avenue for commercial trucking businesses to register vehicles operating within Delaware and other states. UCR streamlines the process by allowing carriers to obtain necessary credentials through a single filing, covering all individual jurisdictions and averting charges from each state. This annual registration program mandates that any commercial fleet engaged in interstate trucking in Delaware register their vehicles. UCR also aims to uphold uniform safety standards across commercial fleet operations.
2290 HVUT
For owners of commercial vehicles traversing Delaware and federal highways, compliance with the 2290 heavy vehicle use tax (HVUT) is obligatory. The 2290 HVUT is an annual tax levied by the IRS on commercial trucking vehicles with gross taxable weights exceeding 55,000 pounds. This mandated levy contributes to the upkeep of the federal highway system and ensures the safety of other motorists sharing the roadways. The 2290 HVUT rate is determined by the weight of the heavyweight vehicle and must be settled for each registered vehicle before its use on public roads.
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