Tow trucks help rescue cars that malfunctioned on the road. Sometimes, these machines are also used to recover wrecked vehicles. You can make money in the tow truck business. Nonetheless, it all depends on your luck and entrepreneurial skills. Read this to know how much do heavy duty tow truck drivers make.
How much you can make as a tow truck driver depends on several factors. For example, there are cities where you will earn more than if you live and work in another location. The good news is that the potential to increase your earnings and make a good living is possible with the right formula.
One reason to become a tow truck driver is that you can bring in a steady income and that as long as you perform well, you will have a job. You’ll have job security as this type of service is and always will be in demand.
You’ll want to start your journey of becoming a tow truck driver or business owner of a tow company by getting the right education and training so you’re prepared to take on this job role. The first step is always to get your commercial driver’s license after you’ve known how much to earn. Keep in mind that this job role can be quite stressful at times.
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If you like to drive and help people then you may want to be a tow truck driver. In most cases, you’re going to be compensated quite well for your services. Generally speaking, the average tow truck driver salary in the US is over $53,000 annually. Here are some factors that can influence your pay:
If you drive a flat-bed tow truck you will be in the highest range of earners, followed by full-float trucks and conventional tow trucks. Your salary can be affected by elements such as if your employer offers a benefits plan and if you are paid per tow versus a predetermined salary.
The average amount of money a tow truck driver will make an hour is roughly $26. Your earnings if you are paid per tow can be good or poor depending on how busy the area is that you work in.
If you are working as a tow truck driver in one of the following cities then you’ll also be able to make more money overall. The following are some of the highest-paying states where you may want to work as a tow truck driver:
District of Columbia
As far as cities go, you can earn the most by working as a tow truck driver in Livermore, CA or Seattle, WA. The job can be stressful as you may have to deal with angry or intoxicated customers and be stuck in traffic for extended periods.
United Road Towing is one of the biggest and most popular towing companies in the USA. So how much do tow truck drivers make per hour working for this company? Entry level drivers make $20 per hour. Note that senior drivers make more.
You’re likely to make just under $1,000. The number of tows found is a major factor that determines how much money do tow truck drivers make per week. After you get your CDL, find an employer, and get some additional experience and training, you’ll be well on your way to earning a good salary.
A tow truck driver makes $4,000 a month considering that he or she is paid $1,000 per week. Some earn higher and make $6,000-$10,000 considering that they work for a company providing huge benefits. Tow truck drivers working with highly risky businesses earn a lot per month.
Wrecker drivers charge a lot of towing totaled vehicles. Most demand $80-$100 per mile. Since it’s expensive, wrecker drivers give customers the liberty of paying personally or through a coverage of their commercial auto insurance.
Towing companies that work with construction companies to tow cranes, bulldozers, and other pieces of heavy machinery earn a lot, starting from $100,000-$1 million per contract. That said, do everything you can to improve the services of your towing company and earn the trust of construction contractors.
Given this information, you’re also likely wondering how much do tow truck owners make per car. It’s going to fall in the range of earning $800-$900. This is what you’ll earn for consumer-grade vehicles. Now let’s talk about luxury cars. How much do tow truck drivers make an hour towing expensive vehicles? Towing luxury cars will cost $60-$70 per hour.
If you are working as a AAA tow truck driver then you can expect to make anywhere between $19-$21 per hour. Some can earn even more per hour if the employer is willing to pay competitive wages.
Say how much do tow truck drivers make a year by working for AAA anyway? The annual income is $35,000-$45,000.
You should contact the nearest AAA office along with your licenses and documentation and let them know you want to fill out an application to work as a contractor for roadside assistance services so you can begin taking calls.
Starting your own business in the towing industry will not only be thrilling for you but you have the potential to make a lot of money as well. Therefore, you likely want to know how much can you make owning a towing company.
So how much do towing companies make? On average you can make around $96,000 annually and top earners can bring in $240,000 per year.
Not only can you make good money but you’ll have the flexibility of being your own boss and will be providing a necessary service to your community. You will also have job security because as long as there are drivers on the road, there are people who will need to contact a towing company in the area.
Here are some ways you can increase your earnings as a towing business or as a tow truck driver:
So, how do tow truck drivers get paid? One option as mentioned above is that you get paid per tow. This can be a positive or a negative depending on where you are working and how busy your job is. The majority of the time you will not get paid by the hour as a tow truck driver. Instead, you will earn a commission for each completed tow. While it can be a risky way to make a living, it can also be quite lucrative.
Now that you know how much does a tow truck owner make a year, per hour, or per month, let’s talk about how to grow your business. There are some practical ways to do so and things for you to consider. Remind yourself that growth won’t happen overnight so you need to be patient and tackle this gradually.
You need to have experienced drivers on your team so that your towing company earns and keeps a positive reputation. Your drivers should be able to tow two to three cars per hour.
The better your reviews, the more likely it is that people will contact you when they’re in need of a tow. Do your best to avoid any claims such as having damages and accidents to report. Also, always pay your insurance bills on time and maintain a clean loss history so that you can remain in business and work on growing it over time.
Insurance can affect how much can a tow truck owner make. Compare offers by clicking the “Get Quotes” button on this page
You’ll want to make sure that you secure the right type of insurance policy. Your role and being out on the road will always pose a certain level of risk and danger. You must be in a position to protect your business, yourself, and your drivers if anything should happen.
As a tow truck company owner, you are required to carry general liability insurance, but there are also types of insurance policies to consider getting as well, including:
Workers compensation insurance–Workers compensation insurance will cover the cost of medical treatment and other resulting expenses if the employee of your tow truck business sustains an injury while towing a vehicle
Tools and equipment insurance–You can use tools and equipment insurance to cover HVAC, computers, and other business equipment that got lost or damaged due to fire, theft, vandalism, and other covered perils
Commercial auto insurance–Commercial auto insurance is a coverage for your tow truck. This will cover third party medical expenses if your tow truck gets involved in a collision
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Lonnie Bell Insuranker
Policy Type: Business Insurance
Company name: Employers Insurance
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.
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