Idaho Commercial Truck Insurance
Whether you have one truck in Idaho or a fleet of trucks, NITIC offers custom truck insurance quotes for all types of truckers. We have over 3 decades of experience in delivering high-end trucking insurance solutions to our clients, an A+ rating with the BBB, and hundreds of 5-star Google reviews. At NITIC, you get the best value for the money you spend on your truck insurance.
No Matter the Type of Truck or Truck Insurance in Idaho, We Have a Free Quote for You!
Here, you are free to customize your coverage according to your actual needs. We don’t believe in making our customers pay for unnecessary add-ons. We always charge for what is actually needed and quickly reimburse you for the expenses that are suffered in an accident. If you are confused about determining what suits your business the best, let us help you get the finest truck insurance coverage.
What can NITIC offer Idaho truckers like you?
We offer supreme protection for all types of trucks in Idaho. Whether you own a heavy-duty vehicle like a semi-truck or a small hotshot, we offer affordable insurance coverage for your need. The claim settlement process in NITIC is comparatively quickest among all. We know the importance of getting paid for expenses on time, so we follow the same for our clients. Get in touch with us now and grab the best deals!
Areas we cover in Idaho?
We offer commercial truck insurance services in almost every city of Idaho including:
- Boise
- Blackfoot
- Ammon
- Hayden
- Caldwell
- Chubbuck
- Garden City
- Burley
- Coeur d'Alene
- Eagle
- Jerome
- Lewiston
- Mountain Home
- Post Falls
- Rexburg
- Moscow
- Nampa
- Meridian
- Idaho Falls
- Pocatello
We offer various discounted deals on several truck coverages. Reach out to us and check how much you can save on your policy!
Commercial Truck Insurance Requirements in Idaho
In Idaho, commercial truck insurance requirements are designed to ensure adequate coverage for trucks operating within the state. These requirements help protect both the trucking companies and the public. Here are the key insurance requirements for commercial trucks in Idaho:
Liability Insurance: All commercial trucks must have liability insurance. This covers bodily injury and property damage caused to others in an accident. The minimum liability coverage limits required are:
- $750,000 for non-hazardous freight in trucks over 10,001 pounds.
- $1,000,000 for oil transport.
- $5,000,000 for other hazardous materials transport, depending on the type of material.
Cargo Insurance: While not mandated by state law, cargo insurance is often required by shippers and for interstate operations to protect the goods being transported.
Physical Damage Insurance: This covers damages to your own truck from accidents, theft, vandalism, or natural disasters. Though not legally required, it is highly recommended to protect your investment in the vehicle.
Uninsured/Underinsured Motorist Coverage: This is optional but advisable, as it covers bodily injury and property damage if your truck is involved in an accident with a driver who has insufficient or no insurance.
Bobtail/Non-Trucking Liability Insurance: For owner-operators, this coverage is necessary when the truck is being operated without a trailer or when not under dispatch.
Federal Requirements: For trucks operating interstate, federal regulations apply. This includes obtaining a USDOT number and maintaining the appropriate level of insurance coverage as per Federal Motor Carrier Safety Administration (FMCSA) guidelines. The MCS-90 endorsement is required, ensuring compliance with federal insurance requirements.
Compliance with these insurance requirements ensures that trucking companies in Idaho can operate legally and protect themselves against significant financial risks. Always consult with an insurance professional to ensure your coverage meets all state and federal requirements.
What types of vehicles are covered in Idaho?
We offer coverage for several types of vehicles in Idaho, such as:
Additionally, as commercial truck insurance come in many forms from broad to specific ones, you need to choose the right set of coverage for your trucking business such as:
- Collision Coverage
- Comprehensive Coverage
- Hazmat Insurance
- Motor Truck Cargo Insurance
- General Liability
- Non-Trucking Liability
- Physical damage
- Primary Liability Coverage
- Rental Reimbursement Insurance
- Trailer Interchange Insurance
- On-hook towing
- Uninsured/Underinsured Motorist
How Much Does Commercial Truck Insurance Cost in Idaho?
While each driver’s situation is unique, the average commercial truck insurance premium in Idaho for drivers with a clean driving record is between $8,200 to $11,200 per year, depending on the type of truck they are looking to insure and the limit of liability. In Idaho, we see a range of premiums from $8,200 to $11,200 per year.
To find out how much you can expect to pay for your commercial truck insurance in California, contact our team today for a quick and easy quote.
Example Idaho Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Idaho 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
|
$9,200
|
$10,200
|
$11,200
|
|
Box Truck
|
$8,200
|
$9,200
|
$10,200
|
$11,200
|
|
Tow Truck
|
$8,200
|
$9,200
|
$10,200
|
$11,200
|
|
Tractor Trailer
|
$8,200
|
$9,200
|
$10,200
|
$11,200
|
Factors that can impact your commercial truck insurance quote in Idaho
Several factors can influence the premium you pay for commercial truck insurance in Idaho. Insurance providers assess these factors to determine the level of risk associated with insuring your vehicles and business operations. Here are some key factors:
Driving Record: The driving records of all drivers in your company can significantly impact your premium. Accidents, citations, and traffic violations can lead to higher premiums.
Experience: The experience level of your drivers and your company’s safety record play a crucial role. More experienced drivers and a strong safety history can result in lower premiums.
Type of Truck: The type of truck you operate, its size, age, make, and model all affect insurance rates. Newer trucks with advanced safety features might have lower premiums, while older or high-performance vehicles could be more expensive to insure.
Cargo: The type of cargo you transport influences your premium. Hauling hazardous materials or high-value cargo typically increases insurance costs due to the higher risk involved.
Operating Radius: The distance your trucks travel and the states or regions they operate in can impact premiums. Longer distances or routes through areas with higher accident rates may result in higher premiums.
Coverage Limits: The amount of coverage you choose affects your premium. Higher coverage limits result in higher premiums but provide greater protection in case of accidents.
Deductibles: The deductible amount you select for your policy affects your premium. Higher deductibles lead to lower premiums, but you’ll pay more out of pocket in the event of a claim.
Claims History: Your company’s claims history, including the frequency and severity of past claims, influences your premium. A history of frequent claims may lead to higher premiums.
Safety Measures: Implementing safety measures such as driver training programs, telematics systems, and vehicle tracking devices can qualify you for discounts and lower premiums.
Credit History: In some states, insurance companies may consider your credit history when calculating premiums. A good credit history may result in lower rates.
Idaho Commercial Truck Insurance Filings
In Idaho, commercial truck insurance filings, including authority, are necessary to comply with state and federal regulations and ensure that trucking companies have adequate insurance coverage. Here are some key filings required for commercial truck insurance in Idaho:
USDOT Number: If your commercial truck operates in interstate commerce and meets certain criteria, you must obtain a USDOT number from the Federal Motor Carrier Safety Administration (FMCSA). This number is used to track your company’s safety record and compliance with federal regulations.
MCS-90 Endorsement: The MCS-90 endorsement is a form required by the FMCSA for motor carriers operating in interstate commerce. It serves as proof that the carrier has the minimum required liability insurance coverage as mandated by federal law.
Form E: Form E is a state-specific filing required by the Idaho Department of Transportation (IDT). It verifies that the motor carrier has obtained the minimum liability insurance coverage required by Idaho state law.
Form H: Form H is another filing required by the IDT for carriers operating intrastate within Idaho. It provides proof of compliance with the state’s insurance requirements.
BMC-91X: This form is required by the FMCSA for interstate motor carriers to provide evidence of liability insurance coverage. It must be submitted to the FMCSA upon request.
BMC-34 or BMC-83: These forms are used to provide proof of cargo insurance coverage for interstate motor carriers. They are required by the FMCSA to ensure that motor carriers have adequate insurance to cover the value of the cargo they transport.
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