Box trucks are as efficient as cargo vans when transporting light to medium-weight loads. These pick up where tractor-trailers and rail transportations leave-they move cargo to and from depots, warehouses, and distributors.
However, huge risks are still haunting the trucking industry- accidents, theft, fire, and legal claims. This is why insurance is a requirement when starting a box truck business (CDL/non CDL) or managing an existing one.
You get comprehensive protection through a tailored box truck insurance package. You can use this to cover lawsuits, refund the value of the damaged cargo, take care of vehicular accidents, and other troubles. With insurance coverage, you protect your box truck business in California or any other place in the USA.
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:
| | Monthly Rate | Annual Rate |
|---|---|---|
| CoverWallet | $125 | $1,500 |
| Progressive | $180 | $2,160 |
| Geico | $210 | $2,520 |
| State Farm | $240 | $2,880 |
Note that your actual box truck insurance rates depend on the provider and several factors such as:
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.
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.
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.
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.
Perishable, fragile, or expensive items increase premium rates. The contract your business has with your client can also determine commercial box truck insurance cost.
If a company is well-established with a clean loss record, its details and data will convince your insurer to lower the premiums.
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.
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.
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.
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:
Get all the best quotes from leading providers in a click of a button!
Let’s review the best insurance companies for box trucks. We believe that by doing so, we can help you avoid carriers that are only out for your money. Read to know the best companies' pros, cons, and monthly pricing for a $1 million general liability coverage.
CoverWallet can assist in buying insurance for box truck business from different carriers within minutes. The basic coverage begins at only $125 per month. CoverWallet tops our list as the best carrier because it doesn’t only offer standard box truck insurance but also box truck cargo insurance. It even has an intuitive quote comparison tool you can use for free to find the cheapest commercial box truck insurance.
Purchase a cover online quickly
Helps you get the best insurance for box trucks
Instant quotes are available online
Many options for diverse trucks
Have bad driving or bad credit? There's insurance for you.
The platform isn't an individual carrier, it's an aggregate one
Sometimes, the pricing may take longer
Best For: Comparing insurance quotes for box trucks
Average cost: $125 per month
Insuranks Rating: 10/10
Progressive boasts the largest market share in the US business insurance industry. This company offers non cdl box truck insurance and standard box truck insurance as well as other policies at attractive discounts.
Available in all 50 US states
A behemoth in the commercial vehicle insurance industry
Offers the best insurance for box trucks in terms of discounts
Provide a wide variety of policies for diverse trucks
Free federal and state coverage filings
Have to work with an agent
May apply travel radius
Limited allowable fleet size
Best for: High-risk drivers and people looking for a wide variety of policies
Average cost: $180 per month
Our rating: 8.6/10
Geico is the second-largest insurer in the US and offers commercial truck insurance for box trucks. Available all over the US, it's popular among all commercial box truck insurance companies for offering cheap rates.
Robust mobile application and site
Available in all 50 US states
A plethora of discounts
Excellent customer satisfaction
Online self-service
Limited local agent's network
Best for: A wide range of insurance policies
Average cost: $210 per month
Our rating: 2.8/10
Two of the past three years have witnessed top customer satisfaction and low client complaints in this carrier. Whether you desire to insure a single box truck or the whole fleet, they lead in providing customer satisfaction. If you’re looking for isuzu npr insurance , note that State Farm can get covered without a doubt.
Top-in-class customer satisfaction
Available in all the 50 US states
Covers a wide range of trucks
Cargo Insurance for Box Truck
Lack online quotes
You work with an agent
Limited details on the internet
Best for: Affordable box truck insurance policies and generous discounts
Average cost: $240 per month
Our rating: 8.2/10
Amazon is an eCommerce behemoth that offers a wide variety of employment and business opportunities. Why not grab the opportunity of delivering the company's goods to customers through its Amazon Relay program?
The program offers everything from freight networks to driver apps to make your work a breeze. But you need to meet the program's insurance demands (among other requirements). Here are the required policies:
Commercial General Liability: at least $1 million per occurrence and $2 million in the aggregate
Auto Liability: at least $1million per occurrence
Cargo: at least $100,000
Workers' Compensation: coverages in all jurisdictions where you do business
Employer Liability: at least $100k per occurrence
Before taking out a box truck insurance, tell your insurer that your truck will be for Amazon commercial deliveries. They'll work with you to ensure the solution is tailored to your needs.
It will help if you take out rental insurance when renting a box truck. This is offered as hired auto liability insurance. If you’re renting a box truck and cause an accident with it, hired auto liability insurance will cover the medical expenses of injured third parties and reimburse the owners of damaged property. If you do some research before purchasing insurance, you’ll discover that insurance companies offer additional options:
Limited damage waiver - Covers loss or damage to the rented truck
Cargo coverage - Reimburse the losses of your clients if their cargo becomes lost or damaged during the trip
Supplemental liability - States require truck leasing firms to provide minimum liability limits on every rental. You can take out supplemental liability insurance to cover extra liabilities
You've acquired a new box truck and are starting to move down your own road. Congratulations on being an owner-operator.
But first thing, which policy will provide help if the hour of need clocks in? Commercial auto insurance.
Box truck-owner operators like you will do fine with commercial auto insurance. Adequate commercial auto insurance provides the following coverage for your bu
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Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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