Maryland Commercial Truck Insurance
Searching for commercial truck insurance in Maryland? With hundreds of 5-star Google reviews and an A+ rating with the BBB, NITIC is your trusted source commercial truck insurance quotes. Over the past 20+ years, we have grown to be one of the best commercial truck insurance companies in Maryland by providing flexible coverage and payment options, free filings, expert handling of heavy truck claims, savings, and knowledgeable help. For all of your hauling needs, we are the best business partner.
Save money and time by partnering with the right insurers in Maryland!
Determining the right set of coverages for your Maryland trucking operations is not easy. That’s why we are here! We know how to make each step of trucking insurance easy for our customers. Right from getting the insurance to settling claim requests, we offer unfailing customer support to our clients. We are the right truck insurance partners in Maryland. Let us connect and carry your business without worrying about the risks.
What can NITIC offer Maryland truckers?
We offer comprehensive truck insurance at unbelievable rates. With over 30 years of experience in providing high-quality and comprehensive trucking, you get the best value for your money at NITIC. We offer our customers in Maryland a wide range of insurance options. In accordance with your unique company demands, we can help you get the greatest coverage. Including primary liability, non-trucking liability, physical damage, worker’s compensation, and trailer interchange coverage for motor truck cargo and trailers, we provide all the essential insurance programs your trucking business needs.
Areas we cover in Maryland?
We offer several insurance coverages in almost every city of Maryland including:
- Baltimore
- Columbia
- Annapolis
- College Park
- Bowie
- Frederick
- Suitland
- Cumberland
- Westminster
- Gaithersburg
- Takoma Park
- Salisbury
- Hagerstown
- Woodlawn
- White Oak
- Towson
- Waldorf
- Rockville
- Greenbelt
- Wheaton
You can save a lot of money on your trucking insurance. We offer many discounted offers on all types of truck coverages. Reach out to us and check how much you are saving!
Minimum commercial truck insurance in Maryland
No matter how big or small your trucking business is, you need to carry commercial truck insurance in Maryland. The level of insurance coverage depends on the kind of cargo you haul, the type of truck you own, and your operating radius.
- Trucks that transport hazardous material must carry a $5000000 minimum liability insurance in Maryland.
- Trucks that transport household goods must carry a $300000 minimum liability insurance in Maryland.
- Trucks that transport oil must carry a $100000 minimum liability insurance in Maryland.
What protection does commercial truck insurance offer in Maryland?
Coverage like a primary liability that protects third-party interest is mandatory by the law. But if you take other essential coverages like the below-mentioned, you can safeguard your trucking operations completely.
Get in touch with us and start saving on your next trucking policy.
What types of trucks do we offer coverage in Maryland?
When it comes to the sorts of trucks to insure for your company, we in Maryland have the requisite experience. The many truck types for which we offer coverage are listed below:
Why do you require commercial truck insurance in Maryland?
Commercial truck insurance offers numerous benefits. It not only safeguards your funds but also maintains the integrity of your company’s brand. There are several advantages to having the proper truck insurance in Maryland, including the following:
- 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.
Maryland commercial truck insurance cost
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.
Read more on Maryland commercial truck insurance costs 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
|
How you can save on your Maryland trucking insurance
Safety Programs: Introduce safety programs within your trucking business to mitigate the risk of accidents. Maryland 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 drivers in Maryland may qualify for reduced insurance premiums.
Maintain a Good Driving Record: Maintain clean driving records 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 Maryland commercial trucks with safety features like GPS tracking, anti-theft devices, and collision avoidance systems. Insurers in Maryland 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 Maryland, 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.
Maryland commercial truck insurance filing requirements
Commercial truck insurance filing requirements vary depending on several factors, including the type of operation, the size of the vehicles, and the regulatory jurisdiction. However, there are several common filings that commercial trucking companies may need to fulfill to comply with insurance regulations:
Form MCS-90: The MCS-90 is a form required by the Federal Motor Carrier Safety Administration (FMCSA) for motor carriers engaged in interstate commerce. It serves as proof of liability insurance coverage for bodily injury, property damage, and environmental restoration. Motor carriers must file the MCS-90 with the FMCSA to demonstrate compliance with insurance requirements.
BMC-91: The BMC-91 form is issued by the FMCSA and is required for motor carriers engaged in interstate transportation of property or passengers. It serves as proof of cargo insurance coverage for motor carriers transporting property in interstate commerce. Motor carriers must file the BMC-91 with the FMCSA to demonstrate compliance with cargo insurance requirements.
Maryland State Filings: In addition to federal filings, commercial trucking companies may need to fulfill Maryland state-specific insurance filing requirements. Each state has its own regulations governing insurance coverage for commercial vehicles operating within its jurisdiction. This may include filings related to liability insurance, cargo insurance, and other coverages.
Insurance Certificates: Commercial trucking companies may need to provide insurance certificates or proof of coverage to shippers, brokers, or other parties involved in the transportation of goods. These certificates serve as evidence that the carrier has adequate insurance coverage in place to protect the cargo and comply with contractual requirements.
Endorsements and Amendments: Depending on the specific insurance policy and coverage needs, commercial trucking companies may need to request endorsements or amendments to their insurance policies. These modifications may be necessary to adjust coverage limits, add additional insured parties, or comply with contractual requirements.
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