Excavator Insurance: aka Digger Insurance

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Excavators are some of the most popular construction vehicles because of their immense versatility. This is evidenced by the fact that there are countless variations on the basic excavator, but like any other vehicle intended to be used on a job site, excavators can run afoul of some nasty situations.

If you want to make sure that there isn’t a gaping hole in your wallet if the worst comes to pass, then you’ll likely be interested in the details of excavator insurance, also known as digger insurance.

This 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 getting an excavator insurance quote, you’ll be happy to see that we’ve already gone ahead and done the hard work.

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Excavator Insurance Cost

The amount that you can expect to pay on excavator insurance depends on your construction business’ safety record as well as a range of other factors, including the cost of the digger you’re using. We’ve compiled the following Caterpillar insurance quotes based on a machine under three years old and with a company that has a stellar safety record:

CompanyCost per monthCost per year
Liberty Mutual$456$5472
The Hartford$397$4762
State Farm$419$5028

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 the lowered chance that a mini digger can cause catastrophic damage.

Mini excavator insurance is also available from a wider range of insurance companies because more of them are comfortable working with smaller construction equipment. If you’re trying to insure a full-sized digger, you’ll find that there are fewer companies willing to shoulder the liability.

Here’s our mini digger insurance cost table:

CompanyCost per monthCost per year
Liberty Mutual$260$3120
The Hartford$178$2136
State Farm$238$2856

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What to Know Before Buying Excavator Insurance

The Importance of Due Diligence

As with any other kind of insurance, when you’re shopping around for the best excavator insurance policy available, you’ll have to do your due diligence. This is essential because everyone’s situation and equipment is different, so it’s hard to know if you’re getting a good deal on your policy.

To make sure that you’re saving as much money as you can, don’t be afraid to get an excavator insurance online quote from several different insurance companies. While you may be tempted to go to one of the companies that gave us a cheaper quote up above, there’s no guarantee that the same company will do the same for you. 


Yet another thing to consider is the kind of coverage that you need on your excavator or mini digger. If you’re looking for the best available coverage, you’ll want to ensure that you don’t have too large of a deductible so that you’ll be able to replace your equipment without paying too much out of pocket.

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 any company other than the insurer. 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 normally 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.

Rented and Leased Equipment

Keep in mind that there are typically different rules for insuring equipment that is either rented or leased. For example, contractors can take liability for the equipment if the lender isn’t covered by the contractor’s policy.

Another thing to consider is that if the equipment breaks down and the contractor is responsible for it, then the contractor may not be entitled to compensation for the lost revenue during this time.

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.

Rating: 4/5

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 will know more 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.

Rating: 3.5/5

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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