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A car hauling company transports valuable vehicles that require high level protection. It’s critical to purchase the right car hauler insurance to ensure you’re financially covered in the event of cargo damage, theft, and vandalism.
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.
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 are:
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.
The Federal Motor Carrier Safety Administration (FMCSA) specifies the basic car hauling business insurance requirements.
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.
The amount you pay for cargo coverage depends on various factors. They include:
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.
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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.
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:
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.
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.
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
Our Rating: 10/10
Progressive 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
The Hartford 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
Our Rating : 8/10
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Sentry
Sentry specializes in providing one of the cheapest car hauler insurance. It offers customers a high level of personalized service and insurance customizations.
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
Our Rating: 8/10
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
Our Rating: 8/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
