For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
A car hauling company transports valuable vehicles that require uncompromising protection. It's critical to purchase the right car hauler insurance to ensure you're financially covered in the event of cargo damage, theft, vandalism, etc. Depending on the size of your business, you might need $100,000 to $500,000 in coverage to even bid for a job. Partnering with the right auto hauler insurance company provides access to tailored, low-cost car hauler insurance policies.
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Whether you're transporting new cars to a dealership or the CES at Las Vegas Convention Center, you might need extra trailers to haul the cargo. You can insure these trailers with car hauler trailer insurance. Policies included in car hauler trailer insurance are:
Liability insurance - This can be general liability or public liability insurance with a $1 million policy limit. Covers costs of compensation and legal fees if third parties file a property damage or personal injury claim after a car hauler trailer caused an accident.
Physical damage insurance for car hauling business - Covers repair and replacement costs if ever the car hauler trailer got damaged because of a collision, arson, theft, and vandalism. The policy limit is $1 million.
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Hot shot trucking involves the haulage of relatively smaller, time-sensitive cargo within a specific timeline, usually to a single customer. Hauling cars, heavy equipment, machinery, boats, etc., are examples of hot shot trucking.
With hot shot hauler insurance for car hauling, you'll get protection from claims if ever the hot shot truck and car hauler got involved in an accident. Protection begins with a general liability insurance policy having a $2 million policy limit, which covers costs if a hotshot car hauling operation caused an accident and dealt injuries or property damage to third parties
Cargo coverage is an integral policy in a car hauler insurance package. Usually, open-air trailers are used in car haulage. This in turn could result in damage such as scratches and dents.
Cargo insurance for auto haulers is very important. The policy takes care of compensating the client for the total value of their cargo in the event of damage or loss as caused by theft, vandalism, collision, fire, and other named perils.
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The Federal Motor Carrier Safety Administration (FMCSA) specifies the insurance requirements each car hauling company must meet .
In brief, there are three auto transport insurance requirements. There must be a minimum of $1,000,000 in liability coverage. You'll also need to meet the minimum of $750,000 to cover specialized operations, Furthermore, you'll need $100,000-$500,000 cargo insurance to cover costs of cargo damage or loss resulting from theft or vandalism.
Even when you transport economy to mid-range vehicles, you can expect each car to be worth at least $20,000 and $25,000. Other auto haulers transport vehicles valued at $50,000, and if you transport five of these, you're looking at a total cargo value of $250,000. That's why it's recommended to carry a minimum of $250,000 in cargo coverage.
The amount you pay for cargo coverage depends on various factors. They include:
The type of hauling business you run
What types of cars do you haul? Do you transport new, pre-used, or salvaged vehicles?
The average distance you cover when delivering cargo
The number of car hauling companies you manage
Your drivers' profile and reputation
Your company's total accident rate and traffic tickets
A major concern for any customer purchasing car hauler insurance is the monthly premiums. Car haulage is a risky job with high liability concerns, contributing to pricey car hauling insurance rates.
So how much is insurance for a car hauler? The most accurate way to determine the cost is to look at the insurance premiums for a company using a 1 car hauler, 2 car hauler, 3 car hauler and so on.
The cost of 1 car hauler insurance is $810 a month or $9,720 a year for a $1 million liability policy.
2 car hauler insurance premium is $952 a month or $11,424 a year for a $1 million liability coverage.
The cost of 3 car hauler insurance having $1 million liability coverage is $989 a month or $11,868 a year.
Policyholders of 4 car hauler insurance pay $1,113 a month or $13,356 a year for a $1 million liability coverage.
The cost of a 5 car hauler insurance offering $1 million liability coverage is $1,156 a month or $13,872 a year.
For further reference, here’s a table showing the pricing of the best companies for car hauling insurance:
| Cost per Month | Cost per Year | Best for: |
---|---|---|---|
CoverWallet | $750 | $9,000 | Car hauler insurance quotes comparison online |
Progressive | $640 | $7,680 | Car hauling companies looking for auto hauler insurance free federal and state filings |
The Hartford | $825 | $9,900 | Car haulers with an extended fleet |
Sentry | $943 | $11,316 | Single auto haulers |
State Farm | $971 | $11,652 | Car trucking companies searching for auto hauler insurance with excellent customer service |
Choosing a higher deductible is a practical means of lowering your monthly premiums, significantly reducing your car hauler insurance cost. However, before making that decision, ensure that you can shoulder the deductible without compromising your needs as the policyholder.
The second method is to ask if there are discount options for driving licenses and records. Some car hauler insurance companies provide a 10% discount for customers who have a commercial driving license. Car hauler insurance companies might also give a 15% or 20% discount for customers that weren’t involved in accidents for the last 5 years.
You can also save money if you only decide to get the most useful policies offered by car hauling insurance companies. When purchasing car hauler insurance, understand that only two policies can be absolutely useful in most situations - liability and physical damage coverage:
To offer hot shot car hauling services for high-value vehicles, you'll need to carry a minimum of $1,000,000 in liability coverage.
While it's optional, it’s a good idea to let the car hauler insurance company include physical damage coverage so that you'll have insurance to use for costly repairs or replacements
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Whether you need single-car hauler insurance or coverage for your multiple-car haulage company, the insurance company you choose greatly influences your success. Your choice depends on your needs. Generally, you want a carrier that can offer cost-savings opportunities while providing the proper coverage.
The following are the top five car transporter insurance companies in the industry. Read the reviews below to know their pros, cons, and pricing for a $1 million general liability coverage.
A suitable car hauler insurance company for customers looking for value
Provides online insurance quotes; customers can also purchase insurance online
Wide-ranging insurance options for new car hauler and established car hauler businesses
Flexible haulers insurance payment
Not an insurer but an insurance broker; you'll purchase insurance from a third-party
Coverwallet is not a typical insurer. It is a commercial insurance aggregator, which means it partners with insurance companies and sells their quotes.
If you're looking for a car hauler insurance company that offers value, think of Coverwallet. It operates a website where old and new car haulers can effortlessly get quotes and purchase insurance online. With online solutions, customers only take minutes to complete their purchases.
Average cost: $750 per month
Best for: Car hauler insurance quotes comparison online
Our Rating: 10/10
Availability of online car hauler insurance estimates
Free state and federal filing
Quick reimbursement of insurance claims – 48 hours
Progressive insurance products are available countrywide
You have to purchase insurance from an agent
History of customer complaints
Progressive has offices in over 50 states, staffed with professional underwriters who have deep knowledge of the commercial car hauler insurance industry. The company provides tailored insurance plans with flexible coverage and payment gateways. Also, customers can get discounted car hauler insurance quotes online. It backs its insurance services with specialized customer support, as well as free federal and state filings. Besides, if you have an insurance claim, Progressive processes the settlement amount within 48 hours.
Average cost: $640 per month
Best for: Car hauling companies looking for auto hauler insurance with free federal and state filings
Our rating: 8/10
Quality and discounted car hauler insurance coverage backed by a strong history in the industry
A suitable insurance carrier for an auto hauler operating a fleet
Insurance products available countrywide
Provides complimentary coverage
Auto hauling insurance quotes are unavailable online
The Hartford is one of the leading companies in auto transport insurance, having provided insurance products for over 200 years, including single car hauler insurance and multi-commercial car haulage insurance.
The company is one of the best insurance carriers for a car hauler business with several trucks and trailers. You can buy auto haulers insurance plans throughout the US at highly competitive prices. Expect to deal with an insurance agent since the company doesn't provide auto transporters insurance quotes online.
Average cost : $825 per month
Best for : Car haulers with an extended fleet
Our Rating : 8/10
Best car hauler insurance provider for single car haulers
Highly personalized insurance plans and purchasing experience
Affordable car trailer insurance from an experienced provider
The company doesn't provide online auto hauler insurance quotes
Customers have to purchase cargo insurance from a broker
While other trucking companies carry haulers car insurance for their large businesses with fleets of trucks, Sentry specializes in providing one of the cheapest car hauler insurance. It offers customers a high level of personalized service and insurance customizations.
Having been in the insurance sector for over 120 years, Sentry boasts a rich history in tailoring insurance plans and experience in customer satisfaction. Although the company centers its business on single-truck owners, it also provides car carrier insurance coverage for large fleets. The only downside is that it doesn't offer online quotes, and customers have to work with a Sentry insurance agent.
Average cost: $943 per month
Best for: Single auto haulers
Our Rating: 8/10
Excellent car carrier insurance in terms of customer satisfaction
Car hauler insurance coverage available across the US
State Farm's coverage is limited by mileage
If you gauge a great insurance-shopping experience based on the quality of customer care, you might want to purchase your haulers auto insurance from State Farm. The insurance provider ranks highly for customer satisfaction and has the lowest customer complaint rate in the market.
State Farm offers car haulers insurance policies for small and large auto trucking companies. You can purchase State Farm cargo insurance in any state, although you'll need to find an agent.
Average cost: $971 per month
Best for: Car trucking companies searching for auto hauler insurance with excellent customer service
Our Rating: 8/10
So how much do car carriers make? The average annual income for a car hauler business is $80,052. We can also determine how much car haulers make based on hourly or monthly income, which is $38.49 and $6,671, respectively.
Still, how much car hauler make varies greatly, with some earning over $119,000 and others making as low as $42,000, depending on the type or value of the cargo
All in all, there are no absolute figures that determine how much do auto transporters make. The figures we provided are just estimates according to different factors. Factors that affect how much does car haulers make include but are not limited to the cargo and miles traveled.
Here’s a table showing the pricing for 1 car hauler, 2 car hauler, and others:
| Price |
---|---|
1 Car Hauler | $3,500 |
2 Car Hauler | $5,613 |
3 Car Hauler | $9,000 |
4 Car Hauler | $12,452 |
5 Car Hauler | $15,000 |
A car hauler is a special trailer designed to transport vehicles. Car dealerships and snowbird hauling businesses are the biggest users of car haulers. Car hauler can also be a term pertaining to a company or someone who transports cars from one location to the next to earn money.
Car haulers are available in different types. An auto hauling business must choose the right trailer for the specific kind of cars they haul, not forgetting auto transport trailer insurance. The following are types of car haulers:
Open car carriers
Luxury car hauler
Single car haulers
Enclosed commercial car trailer
Enclosed multi-leveled carriers
A major concern when purchasing car carrier trailers is choosing covered or uncovered haulers. We always recommend that you invest in covered carriers for maximum cargo protection. From car transportation to motor shows to auto hauling to dealerships, you must deliver the cars in the same condition you loaded them. Thus, a covered hauler is the best option.
However, if you own an open commercial car trailer, you can invest in car hauler cover - not to be mistaken for lid haulers. Car hauler covers enable you to cover your hauling trailer, protecting the cargo from damage.
Planning to purchase car hauler insurance? Use our online quotes generator now. Click the "Get Quotes" button and state comparing the car haulers insurance quote from different companies.
This company does not care about the people they insure or the people that work for the company. They do stupid meets all day long about quality on calls while injured workers sit in pain waiting for answers but can never get to anyone to help them. This company hires uneducated people to run the company so that nothing important get done. I have heard so many stories about injury workers having bad service. They can’t never get their claims adjuster on the phone and the doctors that this company tells people to go to do not care about their patients causing their injuries to become worse. This company neglect on taking care of people’s injured employees have caused people to end up with disabilities for the rest of their life. if you get insurance under this company you will end up having to hire a lawyer to fight them in court. Do not get a policy with this company. Your employees will pay the price and so will the owners of the company. Honestly they need to get shut down. Avoid at all cost do not get this insurance and do not work for this company.
Terrible customer service. I got this insurance for my Amazon store when I ran one, took a break and cancelled all my subscriptions. I called these guys and they recommended sending an email. They never responded and have been charging me since then. Definitely going to dispute via the bank. Hate when businesses take advantage of other small businesses for their own gain.
I purchased a year long policy for my small business I paid for the year up front. First they sent me the incorrect paperwork and acted as if I had something to do with the mistake. About three weeks later I received a bill for the policy. I then sent countless email as the payment did clear my account. About a week later I'm told they have no record of my payment. Now I have to send any documents proving I said then. It went on for weeks. More requests of proof from this person then another. Every conversation had an under lying tone of me being dishonest. Finally I just gave up with them and filed a despite with my bank which took all of three days.. So now I'm continuing to receive emails that my policy is past due and will be cancelled. Funny, I was told I didn't have a policy because they couldn't locate it.
Purchased the General Liability policy I needed to fulfill a contract for my hiring party. Simply Business made it very easy to complete an application and review multiple quote options. Ended up purchasing a policy for 1/2 of what I originally was told by my agent.
I insured my small business with them from early 2016 to January 2022. I had a workman's compensation policy with them the entire time for my staff of approximately 10 people which fluctuated up and down minimally over the years. We ran a very safe operation and never had so much as one claim. I sold my business in early 2022 and cancelled my policy which triggered a final audit of $2871.00 which was owed back to me. Of course I dissolved my LLC immediately after selling the business and thus closed my bank checking account at the advise of my accountant. Though my name was on the business policy, Employers Preferred Insurance Company refused to issue a check to me directly as the policy holder due to...you guessed it, policy. Long story short, if you sell your business keep a small amount deposited in the checking account because it's almost a guarantee that companies such as Employers will use their policy to weasel their way out of money owed after the dissolution of a business. I should have known that I would be treated a just another number shortly after I signed with them as the sales agent just disappeared after I was set up for an online account to manage my policy. My next business venture will entail me working with an actual insurance agent who has an office in an actual brick and mortar building!