If you’re a trucker or run a trucking business, you’ve probably wondered: Why does truck insurance cost what it does? The truth is, commercial trucking insurance rates are affected by a wide range of factors — from your zip code to your driving record. At Logrock, we make truck insurance easy by helping you understand exactly what goes into your premium so you can make smart decisions on the road and in your business.
Whether you’re just starting your authority or you’ve been in the game for years, here’s everything that affects the cost of your truck insurance.
Insurance carriers base their starting rates on your business’s home state, including its zip code and regulatory environment. If you’re set up in a state different from where you’re licensed or live, you might face higher rates or delays.
✅ Pro tip: Keep your licensing, residence, business registration, and insurance all in the same state to avoid complications and reduce risk.
2. Your Credit Score (Yes, It Matters!)
The credit score of the business owner or responsible party can significantly impact premiums. A strong credit scoremeans:
Trying to “game the system” by adding someone with good credit (like grandma) to your LLC? Don’t. It could be seen as material misrepresentation, and it’s not worth the risk.
Not all trucks are rated equally. Insurers consider:
Where your truck sleeps at night matters. Even if it’s parked a few miles away in a different zip code, the rate can change.
The more coverage you add, the more your premium will cost.
Standard limits:
Starting with liability-only and adding cargo later can save money when you’re just getting your MC authority. But remember, more coverage = more cost.
Want a lower premium? Raise your deductibles.
Example:
This is especially true for collision and comprehensive coverage on your truck.
Insurance carriers reward consistency.
If you already have:
You could be eligible for a discount. If not, expect higher rates, especially with companies like Progressive.
Some carriers offer up to 20% off your premium for using ELDs (Electronic Logging Devices). For new ventures, it’s typically a 5% discount, but that adds up quickly.
💡 Make sure to ask your agent about the ELD discount — not all include it automatically.
At Logrock, we believe in making truck insurance simple, transparent, and built for truckers like you. Knowing what impacts your rates gives you the power to make better choices for your business.
Whether you’re just getting started or looking to save more on your renewal, we’re here to help you navigate the road ahead.
Need help finding the best rate?
📲 Start your quote today with Logrock — the fastest, easiest way to get covered.
Written by Daniel Summers
Reviewed by Mike Davis
Posted by
4 Min
If you’re a trucker or run a trucking business, you’ve probably wondered: Why does truck insurance cost what it does? The truth is, commercial trucking insurance rates are affected by a wide range of factors — from your zip code to your driving record. At Logrock, we make truck insurance easy by helping you understand […]
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