Box Truck Insurance

Box truck drivers are heroic when it comes to upholding companies. Some industries require them to drive miles and miles, delivering products day in and day out. But roads can be treacherous, especially when spending so much time on them.

An accident can happen quickly, leaving your business to have to deal with damage and injuries. For this reason and others, if you conduct business utilizing box trucks, you will want box truck insurance for them.

Box truck insurance provides coverage if something goes wrong during delivery or transportation.

What is Box Truck Insurance?

Box truck insurance is commercial auto insurance that provides valuable coverage for you, your drivers, and your box truck following an accident. It offers liability coverage among other types of commercial auto insurance like collision and comprehensive.

Auto or general truck insurance is required for all vehicles in nearly every state. Box truck insurance is no exception to this. It will protect you, your employees, and your business assets.

An accident can be costly, and you do not want to be on the hook to pay for the damage, nor do you want to face the legal penalties for driving without box truck insurance.

Truck Types Covered by Commercial Auto Insurance

You may have the standard idea of a box truck, but this type of commercial auto insurance is only sometimes just for the typical box truck. Like straight trucks and moving trucks, other trucks can benefit significantly from this type of insurance policy.

Some common types of vehicles we insure with box truck insurance include:

• Moving trucks
• Straight trucks
• Iceboxes
• Reefers
• Sleepers
• Tilt cabs
• Flatbed trucks

What Businesses Need Box Truck Insurance?

If your business owns and operates at least one box truck, you need a box truck insurance policy. Every truck on the road, commercial or not, must be covered by commercial insurance under state insurance laws.

A number of businesses rely on trucks to operate their company, and, as a result, they need box truck insurance. Common types of trucking companies that need trucking insurance coverage include:

• Couriers
• Retail distributors
• Movers
• Furniture delivery business
• Builders

If your business is not listed, but you still use box trucks, you should still look into commercial auto insurance policies. Failure to do so leaves you and your business assets at risk. One accident without liability insurance is enough to wipe you out financially.

What Does Box Truck Insurance Cover?

Coverage for box trucks is similar to other commercial auto insurance policies. Some truck-specific policy add-ons are available to expand insurance coverage.

Listed below are the types of coverage a standard box insurance policy offers:

Liability Insurance Coverage

Liability insurance encompasses property damage and bodily injury a truck causes in an accident. Liability protection could help in a hazmat situation where the cargo you’re carrying damages another vehicle, road, or person. Liability insurance can also help cover legal fees and settlement costs.

Physical Damage - Collision & Comprehensive Coverage

Physical damage protection includes collision and comprehensive insurance. Collision insurance coverage will pay for damage to your commercial vehicle you may experience following an accident, no matter who was at fault. Comprehensive coverage helps pay for damage to your vehicle after a non-collision-related incident, like theft, fire, vandalism, or even a tornado.

Medical Payments Coverage

This insurance will cover medical expenses you and your employees accumulate following an accident. It will pay out no matter who was at fault.

Uninsured and Underinsured Motorist Coverage

Suppose you are in an accident with someone lacking liability insurance. This type of insurance coverage will help pay for your medical expenses and box truck repairs. But it is worth noting that this only works if the other party is at fault for the accident.

Trucking Specific Insurance Coverage

There are several truck-oriented insurance coverages you can add to your insurance policy. Understanding how these insurance types will offer protection to you and your drivers from various incidents they may encounter. At the same time, traveling is vital to your business.

Some standard business auto insurance coverage add-ons include:

Trailer Insurance

Trailer insurance offers protection if your truck’s trailer suffers damage, is lost, or stolen.

Towing Insurance

Suppose your truck ends up in an accident or has a mechanical failure. In that case, towing insurance will offer protection and get the truck to an auto shop for the necessary repairs.

Trailer Interchange Insurance

Trailer Interchange Insurance provides insurance coverage if you are participating in a trailer interchange service.

Motor Truck Cargo Insurance

This type of insurance offers protection from damage, loss, or theft of your cargo during transport. For example, if your moving truck got severely damaged and the cargo you were carrying were destroyed, you would file a claim and the insurance company will compensate you for the property loss.

Unattended Truck Insurance Coverage

Unattended truck insurance can be helpful if drivers go exceptionally long distances and need to rest for food or sleep. While the truck is idle or unattended, this insurance will offer protection from any damage or hazards it may be subject to.

Box Truck Coverage Cost

On average, a box truck insurance policy will cost business owners anywhere from $3,000 to $5,000 annually. That comes out to be about $250 to $417 monthly for this business insurance. But your rates can easily be above or below these averages.

Like many other types of commercial auto insurance, box truck coverage rates depend on various personal factors, your insurer needs to understand you and your business to give you an accurate quote.

You will need to provide the following information to your insurance company when purchasing box truck coverage:

• Location - What state you live and operate your business in will impact your rates. A state or even a city with populated, dense areas may see higher insurance rates due to greater insurance risk.
• Coverage limits - How much insurance you want will raise or lower your rates. The more coverage you purchase for your business, the higher your premiums will be. But keep this from encouraging you to insure your trucks properly.
• Driving records - Both you and your employees must provide driving records to your insurer. An expert trucker will always get lower rates than someone new on the road. This will help establish how much of an insurability risk your business will be. If you have a lengthy claims history, your rates will be higher.
• Usage-Industry - Your insurance provider will consider the industry you are in and how much you utilize your box truck. Some industries come with higher risks than others. For example, suppose you are a retail distributor with truckers traveling long distances. In that case, your premiums may be higher due to the cargo than a technology business that occasionally uses a box truck for short-haul deliveries.
• Type of trucks - Your box truck’s make, model, and year will impact your rates. Safety features may also be taken into consideration. Some box trucks may be more to insure than others.

Some of the abovementioned factors can be customized, while others cannot. Suppose the price of the initial insurance quote you receive is too expensive. In that case, it is highly recommended that you either shop around or inquire about discounts.

You will need this commercial auto insurance no matter what, meaning you probably do not want to break the bank over it.

Get a Cheap Box Truck Insurance Quote Today

Ready to get a box truck insurance policy? Contact us today to get a free box truck insurance quote. Make sure you let us know your zip code, details of your business, and information on your box trucks. By providing us with all this, we can better understand the coverage you need.

Insurance Quotes are available either at one of our many locations or online in just a few clicks via our website and mobile app. Our insurance agents are just one call away to answer your insurance questions. Get your box truck insured today and drive worry-free tomorrow.

Affordable Box Truck Insurance is only a click away!

Box Truck Coverage may not be available in every state; please call an insurance agent for more information. *