WEDNESDAY, MARCH 16, 2022
Tractor-trailer drivers must purchase a minimum amount of commercial auto insurance to be in compliance with federal laws. Trucking insurance helps protect motor carriers and owner-operators from the economic effects of an accident even when the tractor-trailer driver is at fault.
Contact Mayflower Insurance in Greenwood, Indiana, to get a personalized quote for trucking insurance.
What Insurance Does a Truck Driver Need?
According to federal law, motor carriers and owner-operators must carry commercial auto insurance with minimum liability coverage. The type of truck insurance you choose may depend on the kind of truck you drive, the goods you haul and your driving record. 
Liability coverage helps cover the costs of third-party injures and property damage if the owner-operator is at fault in an accident. A commercial auto liability policy includes two main types of coverage:
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Bodily injury liability coverage helps pay medical bills after a third party is injured in an accident.
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Property damage liability coverage helps pay to repair or replace someone else’s property after it’s damaged in an accident.
Your agent can help you understand your trucking insurance options so you can decide which types and amounts may best protect your trucking business. You may be subject to federal and state laws about the amount of liability coverage you carry. Your agent may also recommend specific types of insurance policies that offer additional protection.
What Types of Insurance Should Semi-Truck Drivers Purchase?
Everyone’s situation is different, so there isn’t a one-size-fits-all answer for the types of insurance a truck driver should carry. Here are some policies your agent may recommend:
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Comprehensive insurance. This policy helps pay for damages to your truck after a fire, act of vandalism, weather event, or another covered event.
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Collision insurance. If your tractor-trailer is involved in an accident, this policy helps pay to repair or replace it.
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Medical payments/personal injury protection. This insurance helps cover medical bills if a tractor-trailer driver or a passenger is hurt in an accident. It may also cover lost income if the injured person can’t work during their recovery.
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Uninsured/underinsured motorist coverage. This policy helps repair or replace a tractor-trailer after an accident caused by a third party without enough insurance coverage.
The following policies may also help protect your company’s financial interests:
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Trailer interchange. This policy helps pay to repair or replace a trailer if there’s an accident when someone other than the owner uses it to haul cargo.
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Bobtail. This policy helps pay for damages that occur if a truck doesn’t have a trailer attached and gets into an accident.
Get the Truck Insurance You Need Today
Truck insurance provides critical financial protection for owner-operators and motor carriers. Get the coverage you need today by contacting Mayflower Insurance.
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