Are You Paying Too Much for Your Truck Insurance?

As a truck owner in the U.S., you’re likely generating around $150,000 in annual revenue per truck in your fleet. However, many American truck owners are paying between $10,000 and $20,000 annually for long-haul insurance coverage on each vehicle.

That means up to 13-20% of your per-truck revenue is being consumed by insurance costs alone.

It Doesn’t Have to Be This Way

At Possibly.com, we specialize in finding competitive truck insurance that doesn't break the bank. Our team of experts understands the unique challenges facing American truck drivers, owner-operators, and fleet managers.

How Much Should You Really Be Paying?

Every trucking operation is different. Your insurance costs should reflect:

• Your Driving History: Drivers with clean records and no at-fault accidents typically qualify for lower premiums. However, those with previous claims or violations may face higher rates, reflecting the increased risk.
• The Routes You Travel: Deliveries within urban areas or local routes often come with different rates than regional or cross-country hauls. Interstate journeys, especially those covering multiple states, may require specialized coverage for varying road conditions and distances.
• The Cargo You Carry: Hauling hazardous materials or high-value freight generally attracts higher premiums due to the increased liability and risk. On the other hand, standard freight usually qualifies for more standard rates.
• Your Vehicle’s Value and Specifications: Newer trucks with advanced safety features can reduce premiums, despite their higher replacement costs. Specialized rigs designed for unique cargo may require tailored policies reflecting their specific risk profile.
• Your Claims History: A history of claims signals higher risk to insurers, which may lead to higher premiums. On the flip side, a claim-free operation for several years can result in significant savings on your premiums.

Don’t Let Insurance Costs Hold You Back.

Find out how much you could be saving with a customized truck insurance policy that fits your needs. Reach out to us today!

Are You Ready to Get the Right Truck Insurance?