Excavator Insurance & Digger Insurance: Cost & Quotes From $11

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Do you need insurance for excavation business? The answer is yes. Why? Here’s the answer; excavators are dangerous. In fact, 346 excavator-related deaths were recorded between 1992 - 2000 by the National Institute for Occupational Safety and Health . Furthermore, a review the agency conducted in 2000 - 2001 showed that deaths were mainly caused by being hit by the machine itself or through its quick disconnect excavator buckets.

In addition, the cost of injuries caused by excavators tallied at $1,100 on average for each worker . But this isn’t the overall picture. If we take a further look, we’ll see that injuries requiring professional medical service costs $42,000 and in case of death, the costs increase up to $1 million.

If you want to make sure that there isn’t a gaping hole in your wallet when something bad happens, get an excavator insurance a.k.a digger insurance .

This excavation business insurance guide will cover everything that you need to know about getting your hands on heavy equipment insurance for an excavator that you own or that you are renting. If you’re interested in doing an excavator insurance quote online comparison, just click the 'Get Quotes' button at any time, complete the questionnaire and you'll receive custom quotes from the best excavator insurance companies in the market online.

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Excavator Insurance Cost

small business excavation insurance cost is about $83 per month or $996 per year for a $1 million dollar general liability insurance coverage.

Excavation insurance rates depend on your construction business’ safety record as well as other factors such as the cost of the diggers you’re using, your business size, claim history, location, gross income, and more. We’ve compiled the following caterpillar insurance quotes based on an under 3 years old machine and with a company that has a stellar safety record:

Company Monthly Yearly Best for
Progressive $408 $4,896
Liberty Mutual $456 $5,472
The Hartford $397 $4,762
State Farm $419 $5,028
Zurich $415 $4,980
AIG $444 $5,328
Coverwallet $80 $960 Excavator insurance online quote comparison
Thimble $90 $1,080 On-demand excavation contractor insurance policies
Next $300 $3,600 Fast excavation insurance policy

Keep in mind that this digger insurance cost list is only for a full-sized excavator, which is the main reason why you can expect to pay so much for it. If you’re not trying to perform a job that requires a full-sized piece of construction equipment, you can expect to pay significantly less for your insurance.

Mini Excavator Insurance Cost

Mini digger insurance (and also micro digger insurance ) tends to be more affordable than full-sized excavator insurance because of the lower cost of the vehicle. While this is a major factor that influences the price of your insurance, there are also secondary factors, like decreased probability of an accident happening, and scale of damage done.

Here’s our mini digger insurance cost table:

Company Monthly Yearly
Progressive $219 $2,628
Liberty Mutual $260 $3,120
The Hartford $178 $2,136
State Farm $238 $2,856
Zurich $276 $3,312
AIG $290 $3,480
Nationwide $197 $2,364
Chubb $205 $,2460

A mini excavator insurance is usually made part of Business owner's policy of construction insurance for sub contractors. You can also choose to get excavation contractors insurance from carriers catering to the needs of large businesses. However, you will only find a few who will approve your insurance application right then and there.

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What to Know Before Buying Excavator Insurance

The Importance of Due Diligence

Insurance companies will offer discounts if they see that your construction firm is doing its best to avoid the possibility of accidents happening. This is done not only for marketing gimmick but to encourage construction firms to exercise due diligence. 

In legal terms, due diligence is the practice of implementing the necessary steps required to prevent accidents causing death, personal injuries,  or property damage. 

Construction firms are exercising due diligence when there’s strict protocols that require workers to wear safety equipment (such as helmet, harness, and vest) when working. Also, when the excavator is at work on public roads, there’s due diligence when someone keeps watch a few meters away from the excavator to warn third parties that there’s a project up ahead. 

Carriers won’t grant a claim if it’s established by the inspector that the excavator-related accident was caused by failure to exercise due diligence. Examples are when no helmet is worn, no signage is put in place, and there’s no scheduled checks done on the excavator before it’s used. 

With that said, without due diligence, things will go south even if you have the best excavator insurance policy available. Speaking of great excavator insurance, we suggest you compare excavator insurance online quote to find it. 

Excavation Liability Insurance Coverage

Excavator insurance doesn’t only cover excavators. You can choose to bundle it with other coverage to get discounts.  Coverage available for excavators and mini diggers range from repair coverage, PIP coverage, commercial equipment coverage, and umbrella insurance coverage. You might want to consider bobtail insurance as well.

You’ll also want to consider whether your insurance policy for your digger covers third-party liability and operating risks.

For example, third-party liability will cover you from claims that are being carried out against you by another business, client, or community members.This can include the developer running the project, the person who owns the land that you’re working on, or even the city itself.

On the other hand, operating risks include anything that can arise over the course of a construction project, including spontaneous fires, explosions, theft, or even lightning strikes. Since you never know what’s going to happen on a job site, it’s always a good idea to have both forms of excavator equipment insurance .

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Best Excavator Insurance Companies

Nothing makes purchasing insurance faster than when you already know where to get the best coverage at the most reasonable rates. Here are reviews that talk about the best excavator insurance companies' pros, cons, and pricing for a $1 million general liability coverage. 

Caterpillar Insurance Company

Caterpillar does more than just selling excavators; they insure them too! Keep in mind that their policies are only offered in the United States, but they allow you to insure both your equipment and your business before you get started on a job.

In all industries except for logging, they offer a relatively low deductible of only $1000, and they protect you against partial and total equipment losses. They even cover extras that may come into play, like the cost of transporting excavators that have been damaged and renting replacement gear to get the job done.


  • Deductibles are set to $1,000 for all industries except logging

  • Provides coverage for extra costs


  • Don’t provide generous insurance policies to excavators registered to businesses in the logging industry

Rating : 4/5

Best for : Business and equipment excavator insurance

JCB Digger Insurance

Vehicles like excavators and tractors are covered under JCB’s Commercial Vehicle Insurance policies, which are available for competitive rates and geared towards construction companies looking to keep their investments safe. 

Due to its specialized nature, you can rest assured that JCB knows a lot about the machines that they’re working with, so that you can get the specific coverage options that you need.

JCB also has a nationwide network of Territory Managers that will be able to meet up with you in person to discuss the details of your policy. This allows you to ask your questions in person and get firm answers instead of having to deal with countless forms that are far too opaque for comfort.


  • Proactive customer support

  • Helps you find the best coverage for your excavator based on business size, type, and model


  • Only caters to companies in the construction industry


Rating : 3.5/5

Best for : Customer service

How to Get Cheap Excavator Insurance Quotes

To get cheap digger insurance quotes online from the best digger and excavator insurance companies, simply click the 'Get Quotes' button below, follow the process and enter the required information, and you will receive countless excavator insurance quotes online from the best insurers in America, which will allow you to compare coverage options side by side and choose the excavator insurance quote that best fits your business budget and needs! 

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Get all the best quotes from leading providers in a click of a button!

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