Oregon Commercial Truck Insurance
Are you searching for commercial trucking insurance in Oregon? NITIC can help! Whether you have one truck or keep multiple commercial fleets, NITIC offers custom commercial truck insurance coverage for all. With over 3 decades of experience delivering tailored trucking insurance solutions to our clients, an A+ rating with the BBB, and hundreds of 5-star Google reviews, NITIC brings the best insurance value for your money.
Buy comprehensive truck insurance in Oregon at 20% lower rates under one roof!
Having the appropriate commercial truck insurance in Oregon is a need whether you are just starting out in the trucking industry or have been operating your commercial vehicle in Oregon for a while. This coverage is not only required by law, but it also provides excellent financial assistance if you face property damage, bodily injury, or loss of life due to an accident.
What Can NITIC Offer Oregon Truckers Like You?
Our team is conscious of the risks associated with the trucking business, both on and off the road. At NITIC, you will get the most comprehensive truck coverage for your commercial vehicle, giving you full financial support when you need it most. Our wide range of coverage includes general liability, physical damage, bobtail insurance, non-owner trailer coverage, short-term insurance, and more.
We have a solid reputation for having the shortest claim resolution process. As a result, once you join our team, your only responsibility will be managing your business.
Areas we cover in Oregon
We provide coverage for all Oregon cities, including the following when it comes to commercial truck insurance:
- Portland
- Salem
- Eugene
- Gresham
- Hillsboro
- Bend
- Beaverton
- Medford
- Springfield
- Corvallis
- Albany
- Tigard
- Aloha
- Lake Oswego
- Grants Pass
- Keizer
- Oregon City
- Redmond
- Bethany
- McMinnville
- Tualatin
- West Linn
- Wilsonville
- Forest Grove
- Woodburn
- Happy Valley
- Newberg
- Rosenberg
- Hayesville
- Klamath Falls
- Ashland
- Milwaukie
- Sherwood
- Hermiston
- and surrounding towns and cities.
Customers in these Oregon 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 Oregon
Every state in America has minimal standards for coverage; for instance, truck owner-operators must get third-party insurance to guard against mishaps that cause both property damage and bodily harm. You need enough commercial truck insurance to safeguard your Oregon trucking business against any unforeseen occurrences including collisions, vandalism, natural disasters, and others.
You may obtain the following coverages through NITIC, which will aid you in managing your trucking business successfully and provide first-rate financial support in Oregon:
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 Oregon?
When it comes to the sorts of trucks to insure for your company, we in Oregon 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 Oregon?
Any Oregon trucking business that makes use of a truck for business-related activities must be adequately insured. Without commercial truck insurance, your company may be exposed to financial and legal problems. Driving without insurance might also have terrible consequences.
Having the right truck insurance in Oregon provides a lot of benefits, 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.
Minimum commercial truck requirements in Oregon
All commercial trucking businesses in Oregon are required by law to have the following coverages, at a minimum:
- $25,000 per individual
- $50,000 for each mishap
- $25,000 for property damage
However, you will need greater coverage than the absolute minimum allowed by law if you are transporting certain specialty products. In that situation, the following truck insurance requirements apply:
- For hazmat, you will be requiring $5 million of liability insurance.
- For oil, you will be requiring $1 million of liability insurance.
- For general freight, you will be requiring $750,000 of liability insurance.
- For household goods, you will be requiring $300,00 of liability insurance.
- For cargo insurance, $10,000 per vehicle.
Any truck that traverses state boundaries must adhere to the rules established by the FMCSA.
What is the cost of commercial truck insurance in Oregon?
All trucks in Oregon are required to carry average truck insurance of $932 per month, whether they are being utilized for personal or professional purposes. The typical cost of commercial truck insurance for a one-truck operation operated by a trucker with a clean driving history is as follows:
- $512 per month for trucking primary liability
- $128 per month for cargo truck insurance
- $254 per month for trucking physical damage
- $38 per month for bobtail insurance
These price projections are based on drivers that operate one truck and require liability, type of cargo, bobtail, and physical damage insurance. The cost is affected by a number of factors, including the type of cargo you are transporting, your previous insurance claims, and the length of time you have been in operation.
Example Oregon Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Oregon 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
|
Oregon Commercial Truck Insurance Filings
In Oregon, commercial truck insurance filings are necessary to comply with both state and federal regulations. These filings ensure that trucking companies have the required insurance coverage to operate legally. Here are the key filings required for commercial truck insurance in Oregon:
ICC Authority: Interstate Commerce Commission (ICC) authority is necessary for motor carriers operating across state lines. This requires maintaining proper insurance coverage as mandated by federal regulations.
MCS-90 Endorsement: The MCS-90 is a federal filing required by the Federal Motor Carrier Safety Administration (FMCSA) for interstate motor carriers. It certifies that the motor carrier has the necessary minimum liability insurance coverage to meet federal standards.
Form E: This form is a state-specific filing that verifies a motor carrier has obtained the minimum required liability insurance coverage as mandated by Oregon state law. It is filed with the Oregon Department of Transportation (ODOT).
Form H: Similar to Form E, Form H is required for carriers operating within Oregon. It provides proof of cargo insurance coverage to ensure the protection of goods being transported within the state.
SR-22: This is a certificate of financial responsibility that some drivers or companies might be required to file, particularly if they have had certain types of violations or require proof of insurance for reinstatement of a license.
These filings are essential for ensuring compliance with state and federal regulations, protecting against financial risks, and maintaining legal operations in Oregon. It’s important for trucking companies to work closely with their insurance providers to ensure all necessary filings are accurately completed and submitted on time.
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