Owner Operator Truck Insurance

NITIC specializes in providing the most affordable owner-operator truck insurance in the US. We understand the uniqueness of every trucking business and its associated risks. We offer suitable and custom-made best trucking insurance coverage that meets your needs without straining your wallets.

Get the Right Owner-Operator Insurance at the Lowest Cost!

Broad coverage and premium protection for your trucks

Whether you are an owner-operator working on your own authorization or under a lease to a motor carrier, you need a unique type of coverage that protects your daily operations from potential mishaps. Owner-operator truck insurance covers you from all the possibilities that can impair your trucks and further damage your business.

What is owner-operator truck insurance?

Owner operator truck insurance protects your trucking business and its operations from all potential risks. Due to their large size, trucks can cause massive damage and grave injuries on the road. You need to add a complete layer of protection to your trucks in the form of owner-operator truck insurance from such risks to carry out your business without hiccups.

Who needs owner-operator insurance?

  • Long-haul truckers
  • For-hire carrier
  • Independent owner-operator working under a lease
  • Owner-operators running their own business

All the above need a certain amount of coverage to protect their business and truckers. For example, owner-operators who are working/driving on their own authority require independent owner-operator insurance for trucking. In this case, they require independent owner-operator insurance to cover the medical cost and other property-related damages resulting from an accident.

What is the cost of owner-operator truck insurance?

There are several factors that impact the cost of truck insurance and it is difficult to give the exact figure without analyzing them. These aspects are:

  • The type of truck
  • The nature of the business
  • The sort of coverage you need
  • The past driving records
  • Operational radius
  • Your location

Give us a call at 800-726-8376 and get a free quote and save $$$.

What are other owner-operator coverages you need?

The type of coverage that you need falls depends on the two categories i.e.
  • Working under permanent lease to a motor carrier.
  • Working under your own authority.
If you are working under a motor carrier then you will need the following coverages:
  • Non-trucking liability: This coverage protects you from all the possibilities on the road when you are not hauling the shipment or aren’t under dispatch like using for personal motives.
  • Physical damage cover: This policy covers the cost incurred during repairing or replacing your truck after severe damage due to collision, theft, explosion, or vandalism.
  • Motor truck cargo insurance: If any sort of damage happens to the cargo you are hauling in your care then you get financial coverage with cargo insurance.
Now, if you are working as an owner-operator for your own business then you need specific types of truck insurance such as:
  • Primary liability coverage: This covers you from all property damage and medical cost of the third party arising after an accident.
  • Physical damage cover: This policy pays for all the costs of repairing your truck after a collision with another vehicle or any object.
  • Motor truck general liability coverage: This policy compensates for all the damages and physical injuries to the third party while hauling the shipment for commercial purposes.
  • Motor truck cargo coverage: This insurance protects the shipment/cargo you haul from all possible risks like fire, explosion, and theft.

GET YOUR CUSTOM FREE QUOTE

Sheri is the best customer service rep around. Very pleasant and very informative.

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TESTIMONIALS

Jamie Martinez has to be one of the best customer service representatives I have dealt with in a while. Very polite, professional, and very knowledgeable. I would recommend her without thinking about it !!
Adam ElshazlyGoogle Review
★★★★★ 5/5
Adam Elshazly
I just had the best experience! I was serviced by Tania who was of an amazing assistance! She worked very professional, had a lovely attitude, and was very proficient as well as effective in helping me! She is a great and hard worker!!
Saysha GonzalezGoogle Review
★★★★★ 5/5
Saysha Gonzalez
Brett and Felipe are very knowledgeable as it relates to my insurance coverage and they are very prompt in answering any questions I got accurately. The service is up to par and u will not be dissatisfied
Tifroy ClarkeGoogle Review
★★★★★ 5/5
Tifroy Clarke
Brett Lewis is the agent that assisted me and he is absolutely awesome. He was very informative and helpful…I think I have found my new home with truckers insurance.
Ashley HunterGoogle Review
★★★★★ 5/5
Ashley Hunter
I've had truck insurance with National for about 5 years now and find their customer service very helpful and friendly.
Tim TrublehornGoogle Review
★★★★★ 5/5
Tim Trublehorn
Today my company needed to add additional coverage to our policy. Brett was VERY RESPONSIVE and got the JOB DONE. I would definitely recommend this company but BRETT in particular. Brett’s the BEST. Oh and Dana is great too lol.
BJ & Son LLCGoogle Review
★★★★★ 5/5
BJ & Son LLC
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FAQs

A single lawsuit or a severe accident can certainly put your business and its operations on long hold. If trucking is the sole source of your income then such risks can impact your livelihood and financial state. Also, you need to carry minimum coverages are prerequisite in the eyes of the law. To protect your business and money from all potential risks and operate legally on the road, you need the right owner-operator truck insurance coverage.
In most cases, the past driving records of truckers, traffic violations, location, and history of accidents affect the owner-operator insurance coverage. Also, the kind of coverage highly depends on your insurance needs. However, you can expect the following coverages if you take owner-operator truck insurance:
  • Non-trucking liability or liability coverage
  • Physical damage
  • Medical costs
  • Passenger accident
  • On-the-job accidents
  • Property damage
  • Loss of life/physical disability
Yes, as an owner-operator you can lower the cost of your truck insurance by the following methods:
  • Stay in your business for longer.
  • Keep your driving records clean.
  • Hire experienced truckers with good past driving records.
  • Opt for a higher deductible.
  • Use newer trucks as the older model’s insurance costs are mostly higher.
Yes, to operate lawfully on the road you are required to carry commercial truck insurance with you even if you are leased to a carrier. Depending on the deal and terms with your carrier, we recommended you always review your lease agreement before signing it.