Below are the best information about Truck insurance rates voted by users and compiled by us, invite you to learn together
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Box Truck Insurance Cost
Box truck insurance cost is $125 a month or $1,500 a year for a $1 million general liability coverage. Apart from other factors (mentioned below), the type of truck will determine box truck insurance cost per month or year:
26-foot box truck
16-foot box truck
You may need extra coverages to bolster your protection. Here are some estimates of their cost:
Commercial box truck insurance offering primary liability policy is $416.66 a month or $5,000 a year
The average box truck insurance cost for a general liability policy is $25 a month or $300 a year
Cargo insurance for box truck cost $145.83 a month or $1,750 a year
The average cost of box truck insurance having physical damage coverage is usually $2,300 a year or $191.66 a month
The average insurance cost for box truck non-trucking liability policy is $41.66 a month or $500 a year
Workers compensation included in box truck business insurance is $3,000 a year or $250 a month
We also looked into the pricing of the best companies offering box truck insurance. The rates are reflected in the table below:
Note that your actual box truck insurance rates depend on the provider and several factors such as:
Box Truck Value
Highly valued box trucks cost more to insure because they’re more expensive to replace or repair. Similarly, your commercial insurance for box truck will be more expensive if your truck is older.
Number of Box Trucks in Your Fleet
An increase in the number of trucks increases the risk of losses. Therefore, you’ll need to spend more for box truck insurance coverage to protect your investment.
Business Location
More traffic in urban areas leads to spikes in accidents. So if your business is in cities or towns, the premiums of your insurance on a box truck will most likely shoot up.
Distance Travelled
The more the radius traveled, the more the chance of crashes and breakdowns. So the premiums might increase irrespective of your business location, especially if you’re into interstate transportation.
Goods Being Hauled
Perishable, fragile, or expensive items increase premium rates. The contract your business has with your client can also determine commercial box truck insurance cost.
Length of operation
If a company is well-established with a clean loss record, its details and data will convince your insurer to lower the premiums.
26 Foot Box Truck Insurance Cost
The cost of 26ft box truck insurance is $231.75 a month or $2,781 a year for a $1 million general liability coverage. Pricing depends on your location and other factors we mentioned above.
16 Foot Box Truck Insurance Cost
The cost of 16ft box truck insurance is $216 a month or $2,592 a year for a $1 million general liability coverage. Pricing depends on your location and other factors we mentioned above.
Straight Truck Insurance Cost
Let’s get this crystal clear, straight truck insurance is the same as box truck insurance in the same way as a box truck is also called a straight truck. Therefore, the average cost is the same, which is $125 a month or $1,500 a year for a $1 million general liability coverage.
Get the Cheapest Commercial Box Truck Insurance Quotes Online!
Our free and intuitive box truck insurance quote generator is waiting for you to use it. Look for the “Get Quotes” button on this page, click on it, and fill up the form. Shortly after, you’ll receive the cheap box truck insurance quote from different companies. In case you’re wondering, “Where to get box truck insurance near me?”, know that our quote generator can also help because it prioritizes sourcing the quotes of the nearest insurance companies from your location.
Also read:
- Commercial Van Insurance: Cost & Quotes From $11
- Commercial Trailer Insurance: Cost & Quotes From $11
- Cargo Van Insurance: Cost & Quotes From $11
- Moving Company Insurance: Cost & Quotes From $11
- Flatbed Trailer Insurance for Trucks: Cost & Quotes From $11
