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.
Also read:
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.
Also read:
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.
Get all the best quotes from leading providers in a click of a button!
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
Get all the best quotes from leading providers in a click of a button!
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.
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.
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.
