Services
Insurance
Loans
Repairs
Advice
About

What does tractor trailer insurance cost on average?

I'm interested in purchasing tractor trailer insurance, but I'm wary of the cost. What can I expect to pay?

avatar
Sophie Newman · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“While it’s normal to be wary of the
cost of insurance
, it is possible to find affordable insurance.
For leased owner-operators, you can get a policy to cover your trailer usually between $2,000 and $4,000 a year. New authorities typically see tractor-trailer insurance rates between $12,000 and $18,000 for their first year, with cheaper rates after that.
Tractor-trailer insurance costs depend on a variety of factors, so you’ll need to shop around to find the best rate. Some factors that influence your rate are:
  • What you haul
  • CDL experience
  • Your garaging address
It also depends on the type of insurance you get. You may want
liability insurance
or a full coverage policy.
If you currently have car or home insurance, you may also want to check with your provider to find out if they offer tractor-trailer insurance. You could find a more affordable rate by bundling a policy with your current one.
Since you are shopping around for new insurance, consider looking at your
car insurance
as well. Consistently checking rates with other companies can ensure you’re always finding the best rate for the coverage you require.
If you’d rather leave the hard work of gathering quotes to someone else, text
Jerry
agents through the app. They collect quotes from up to 50 top insurance companies and deliver the best deals to your phone in minutes for free.”
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings