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Tractor Insurance: Cost, Companies, Quotes From $15 & More

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Table of contents

1. Tractor Insurance Coverage: Why You Need It 2. Can I Get Temporary Tractor Insurance? 3. Physical Damage Insurance for Tractors 4. Common Types of Tractor Insurance 5. Tractor-Trailer Insurance 6. Utility Trailer Insurance 6.1. What Companies Offer Coverage for Utility Trailers? 6.1.1. Utility Trailer Insurance State Farm 6.1.2. Utility Trailer Insurance Geico 6.1.3. Utility Trailer Insurance USAA 6.1.4. Utility Trailer Insurance Progressive 7. Semi-Tractor Insurance 8. Farm Tractor Insurance 9. Tractor Pull Insurance 10. Inland Marine Insurance for Tractor 10.1. How Much Does It Cost to Transport a Tractor? 11. Compact Tractor Insurance 12. Compact Trailer Insurance 13. Tractor Theft Insurance14. Tractor Insurance Cost 14.1. Tractor Insurance 1-Year Price 15. Tractor-Trailer Insurance Cost 15.1. Cheap Tractor-Trailer Insurance Quotes 15.1.1. How Much Is Tractor Trailer Insurance for Logistics Businesses? 15.1.2. How Much Does Tractor Trailer Insurance Cost for Ranches? 15.1.3. How Much Is Insurance on a Tractor Trailer That’s Second-Hand? 16. Utility Trailer Insurance Cost17. Farm Tractor Insurance Rates 18. Compact Trailer Insurance Cost 18.1. Sub-Compact Trailer Insurance Cost 19. Best Tractor Insurance Companies 19.1. Kubota Insurance 19.1.1. Kubota Insurance Cost 19.2. John Deere Insurance 19.2.1. John Deere Tractor Insurance Cost 19.3. Mahindra Tractor Insurance19.3.1. Mahindra Tractor Insurance Price19.4. Does Case Offer Insurance for Its Tractors?19.5. Tractor Insurance Geico 19.6. Tractor Insurance Progressive 19.6.1. Progressive Farm Tractor Insurance 19.7. AXA Tractor Insurance 19.8. State Farm Tractor Insurance 19.9. ACKO Tractor Insurance 19.10. USAA Tractor Insurance 19.11. Tata AIG Tractor Insurance 19.12. Farm Bureau Tractor Insurance 19.13. Liberty Tractor Insurance 20. 21. How to Insure a Tractor for Personal Use? 22. Buying A Tractor: How Much Tractor Cost? 22.1. How Much Is The Average Price of a Tractor? 22.2. 22.3. How Much Are Second-Hand Tractors? Are They Expensive to Insure? 22.4. Are There Defective Tractors for Sale and Are They Cheap? 22.5. How Much Does a Farm Tractor Cost? 23. What Are The Most Expensive Tractors? 24. Is Texas the Best Place to Find an Affordable Tractor?

If you own a small business that utilizes one or more tractors, then you would be smart to have it covered with a tractor insurance policy. These are essentially comprehensive commercial auto insurance policies that are specifically designed to cover various types of tractors.

Whether you own a small farm tractor , a large tractor-trailer, or you own a whole fleet of semi-trailers and trucks , all states require drivers to maintain an insurance policy to drive on the road. Even if you just own a small agricultural tractor for farm use, it’s still a good idea to get it insured to protect it from theft or physical damage.

Also read: Dump Trailer Insurance: Cost & Quotes From $11

Tractor Insurance Coverage: Why You Need It

Tractors are self-propelled machines categorized as heavy trucks. Their purpose is to operate agricultural or industrial implements such as plows, morrows, harrows, buckets, and trailers. 

Though a bit similar to automobiles in navigation, tractors are nevertheless harder to operate. Government agencies recommend operators undergo training before using a tractor. The core reason for this is that tractors are dangerous machines. Proving this point is a study that analyzed tractor accidents in Wisconsin from 1961 - 1975 , which tallied more than 100 tractor-related deaths within the study year.

We can safely assume that tractors are more dangerous than automobiles. One good reason for this is that a lot of research papers have shown that tractor-related accidents don’t only involve adults but children too. There's research conducted in Turkey on tractor accidents killing or injuring children as young as 9-years old.  A study in Ireland also discovered 62 cases of child deaths wherein the deceased were as young as 15-years old. 

The United States joins the quests to figure out how likely tractors are to kill children. One report we found credible is the one from National Children’s Center for Rural and Agricultural Health and Safety. Accordingly, 47% of all youth fatalities in US farm accidents are caused by transportation equipment such as tractors, and it’s assumed that a child dies because of an accident every three days. In connection, here are some real-life examples of tractors killing children:

  • Manitoba - A 2-year old boy dies after falling from a tractor. The report adds that the tractor, which the boy was riding on, had no safety harness to keep passengers, aside from the driver, in place.

  • Lewis County - A five-year-old bay died after a reversing tractor, which was pulling a skid steer, hit him with its rear tire

  • Brandon Township, Michigan - A 2-year-old boy falls from a tractor and dies from blunt force trauma. The boy’s cousin was driving the tractor and admitted to the police of drinking liquor before operating the machine

  • Quebec - Three 5-year-old kids died during Canada day after getting ejected from the tractor’s front loader. 

  • Brazos County, Texas - A 5-year-old boy died after an accident involving a tractor happened. Authorities didn’t disclose any information on how the tragedy took place

  • Austria -  A tractor ran over and killed an infant.  The driver of the tractor in question was a 17-year old teen who failed to machine to a halt when the infant suddenly appeared

  • Delano - An 8-year-old boy driving a mini-ATV collided with a tractor and died

Research published in the American Journal of Medicine provides a comprehensive outlook on the likelihood of tractors causing injuries. It explored accidents that happened in the US Midwest, and here are its highlights.

  • The injury rate of tractor accidents is 9.6 per 1,000 individuals

  • The majority of reported injuries were caused by tractors with more than 20 horsepower

  • North Dakota has the highest number of tractor related accidents, while Wisconsin has the lowest count

  • Injuries happened while:

Mounting/dismounting the tractor

Conducting general repairs

Driving the tractor

Riding/hitching a ride on the tractor

Doing adjustments

Loading/adjusting load of the tractor

Using the tractor to transport equipment, animal feed, or grain

Tractors are not only hazardous to people but also to cars when on public roads.  Year after year, surveys are conducted to gain insights into the number of police-reported motor vehicle crashes involving tractors and other heavy trucks. The National Traffic Highway and Safety Administration provide the most credible figures , as shown in the tables below:


Collision with Motor Vehicle in Transport

Year Fatal Injuries Only Property Damage Only
2019 3736 99000 315000
2018 3626 95000 315000
2017 3580 88000 274000
2016 3356 85000 260000
2015 3055 73000 264000
2014 2744 75000 257000
2013 2862 61000 197000
2012 2801 64000 188000
2011 2629 54000 168000
2010 2634 47000 161000


Collision with Fixed Object

Year Fatal Injuries Only Property Damage Only
2019 211 6000 41000
2018 241 5000 44000
2017 209 5000 39000
2016 205 5000 39000
2015 160 4000 28000
2014 161 3000 31000
2013 188 3000 28000
2012 151 3000 25000
2011 138 3000 19000
2010 136 2000 25000


Collision with Non-Fixed Object

Year Fatal Injuries Only Property Damage Only
2019 635 7000 45000
2018 621 5000 40000
2017 562 4000 39000
2016 564 5000 43000
2015 448 5000 43000
2014 449 5000 45000
2013 477 3000 31000
2012 437 4000 29000
2011 73 1000 27000
2010 394 3000 25000


All in all, tractors are dangerous machines. Since they’re risky and may cause injuries or even death, it’s best to enroll them on some type of  heavy equipment insurance   policy that will take care of lawsuits. Plaintiffs will always demand a settlement equal or greater to what they spent for medicare. With said, settlement can reach up to 1 million or more depending on the effects and severity of the injury. 


Also read: Hot Shot Insurance for Trucking: Cost & Quotes From $11

Can I Get Temporary Tractor Insurance?

Suppose you’re just renting a tractor or tractor-trailer for a short-term job. In that case, most tractor insurance providers are more than willing to provide you with temporary tractor insurance or 1-day tractor insurance. This is commonly referred to as “on-demand insurance” and is designed to cover your tractor for a specific time range.

Generally speaking, it’s more expensive per day than a regular full-term insurance policy from semi tractor trailer insurance companies. However, if you’re just using the tractor for a quick job, it will save you a lot of money compared to purchasing a full-term policy. Take a look at this table that shows the different pricing of short term tractor insurance coverage:


Duration Cost
1 Day Short Term Tractor Insurance $140
2 Day Short Term Tractor Insurance $240
3 Day Short Term Tractor Insurance $340
4 Day Short Term Tractor Insurance $440


Physical Damage Insurance for Tractors

Carriers offer insurance policies covering the physical damage of tractors. Physical damage insurance will help to replace and repair tractor components such as the engine, filters, hydraulic system, cooling system, light bulbs, fuses, and many more. 

So what’s the cost of tractor repair and maintenance? Pricing depends on the severity of the damage and how much work needs to be done. But in most cases, maintenance and repair costs are expensive, and this is why insurance is essential. Here’s a table that shows the close estimates. Before we proceed, all these figures are calculated from assuming a  tractor has 6,000 hours of use.


Tractor Repair/Maintenance Cost 
Mahindra 1526 4WD HST Tractor $5,985
John Deere 5100ML Tractor $13,484
Massey Ferguson 1736 Compact Tractor $8,875
Case IH PUMA 150 Tractor (CVT) $38,777
2017 SONALIKA SOLIS 90 $4,930
Kubota B2650HSDC Tractor $7,523.75
Fendt 207 Vario Tractor $13,287.75
DEUTZ FAHR DX6.30 $3,225
2020 CLAAS AXION 810 $38,888.75


Compare Tractor Insurance Quotes Online

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Common Types of Tractor Insurance

Now, let’s take a look at some of the most common types of tractor insurance that you may need to discuss with your insurance agent. Before we begin, though, we figured that it would be a good idea to give you a quick breakdown of what exactly is covered by tractor insurance so you can better understand the terminology that we’ll be using throughout the rest of the article.

  • Bodily Injury Liability : This is the most basic type of coverage that all auto or tractor insurance policies cover. It provides coverage for bodily injury sustained by persons if your tractor caused an accident

  • Property Damage Liability : Property damage liability protects you from being financially liable for property damage dealt to buildings, houses, fences, yards, and other valuable belongings of people.

  • Uninsured/Underinsured Motorist Coverage : This type of coverage insures you in the event that the other driver does not have an auto insurance policy or does not have enough insurance coverage to cover the damage sustained by your tractor. Uninsured/underinsured motorist coverage will “fill in” and pay the extra amount required to repair your tractor or even pay for personal injury.

  • Personal Injury Protection : This provides additional coverage to pay for the tractor driver’s injuries if they’re sustained during an at-fault accident or due to a comprehensive accident such as losing control of the vehicle or hitting an object in the road. Coverage extends to hospital bills, medical procedures, and medicines.

  • Rental Coverage : Rental coverage will help to cover the costs of renting another tractor for a certain period of time while your damaged tractor is being repaired. This allows you to continue on with your transportation or farming work unhindered.

Now that you have a better understanding of the common insurance terms that we’ll be using throughout the rest of the article let’s take some time to break down the different types of tractor insurance and the types of coverage that are most necessary for each.

Tractor-Trailer Insurance

Tractor trailer insurance will cover accidents and injuries a tractor-trailer causes. Tractor trailer accidents can result in costly settlement fees to the victims. The tables below show the probable figures according to surveys, which tractor trailer insurance coverage can settle:


Cost of Injuries/Accidents a 1-Trailer Tractor Cause

Severity/Type of Injury Medical Cost Property Damage Cost Cost of Lost Productivity
No injury $1,119 $6,493 $5,024
Possible injury $13,010 $15,410 $10,506
Non-incapacitating injury $15,828 $12,832 $7,909
Incapacitating injury $53,003 $16,329 $9,528
Fatal $81,335 $39,366 $14,941


Cost of Injuries/Accidents a 1or 3-Trailer Tractor Cause

Severity/Type of Injury Medical Cost Property Damage Cost Cost of Lost Productivity
No injury $1,059 $16,350 $4,568
Possible injury $12,207 $44,308 $10,971
Non-incapacitating injury $11,766 $48,302 $10,609
Incapacitating injury $140,004 $58,279 $11,729
Fatal $61,309 $98,318 $12,726 1


A commercial auto insurance policy will serve as tractor insurance for road use. To get this insurance, you might have to register your tractor as commercial equipment, which people can rent or hire to transport goods. This insurance's policies will account for all accidents and injuries a tractor causes while running on highways.

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So what are the policies that tractor trailer insurance companies provide? The most common policies available to customers are:

  • Comprehensive insurance policy

  • Collision coverage

  • Emergency road service coverage

  • Medical payments and personal injury protection coverage

  • Medical payments coverage

  • Bodily injury and property damage policies

The most common vehicles carriers cover in their tractor trailer insurance quote are auto haulers, day cabs, and sleeper trucks. However, customers are also allowed to insure other vehicles that can tow trailers such as pickup trucks and box trucks.

In case you’re wondering where to get cheap tractor trailer insurance quotes, find the “ Get Quotes” button on this page and fill-up the form. Afterward, our system will generate all quotes from the accredited tractor trailer insurance companies in the USA.

Utility Trailer Insurance

Carriers offer insurance for utility trailers but it’s not really mandatory to get this. Your personal auto or commercial auto insurance will also cover your utility trailer for instances of accidents or damage while it’s attached to the towing vehicle.

However, personal auto or commercial auto insurance will not account for anything that happens to the utility trailer while it’s not attached to the covered vehicle. In other words, there are gaps. And so, getting utility trailer insurance might be a good option. Coverage in utility trailer insurance are:

  • Physical damage coverage

  • Roadside assistance coverage

  • Emergency expensive coverage



What Companies Offer Coverage for Utility Trailers?

Companies with specialized utility trailer insurance coverage are State Farm, Geico, USAA, and Progressive. Allow us to briefly discuss the utility trailer insurance of these companies.

Utility Trailer Insurance State Farm

State Farm utility trailer insurance offers bodily injury liability coverage and property damage liability coverage for travel trailers and other kinds of utility trailers. State Farm agents help to find the best quotes about tractors based on the list price of the utility trailer, its type, its gross weight, and what kind of vehicle pulls the trailer. Travel trailer insurance cost State Farm is $41.83 a month or $502 a year.

Utility Trailer Insurance Geico

Geico utility trailer insurance offers total loss replacement coverage, personal effects replacement coverage, and vacation liability coverage.

Utility Trailer Insurance USAA

USAA utility trailer insurance is available to the company’s members. Those who insure their utility trailers with USAA enjoy comprehensive coverage from theft, fire, vandalism, and weather-related incidents. Types of utility trailers USAA insures are bumper pulls, pop-up campers, and fifth-wheel trailers.

Utility Trailer Insurance Progressive

Progressive utility trailer insurance offers personal property coverage having a $99,000 minimum policy limit, emergency expense coverage that gives $750 in case the utility trailer breaks down 50 miles away from home, and roadside assistance.





Semi-Tractor Insurance

Semi-tractors are the same thing as tractor-trailers. In fact, the actual term for the combination of a tractor and a trailer is technically worded as a “semi-tractor-trailer truck.” However, depending on the area you live in and the insurance company you’re working with. Semi tractor insurance and tractor-trailer insurance may be used interchangeably. Ultimately, though, they’re all just words used to describe the same commercial tractor insurance policies.

Farm Tractor Insurance

Farms use farm tractors , for various purposes. And so, most get large models which operators can comfortably fit with different attachments. Farm tractors may cause accidents and deaths. Research investigating farm tractor accidents in Georgia from 1971-1981 provides the most common accidents which are:

  • Overturning of the farm tractor ( 153 fatalities)

  • Farm tractor ran someone over (28 fatalities)

  • The tractor fell into a stream or lake (6 fatalities)

In addition, fatal injuries such accidents caused are:

  • Crushed chest

  • Exsanguination

  • Strangulation

  • Drowning

More recent papers suggest that overturning is one of the leading causes of tractor-related fatalities. Research published in the Journal of Agricultural Safety and Health looked into the number and cost of tractor overturn accidents from 1997 - 2021. Results showed that there are 2,412 tractor overturns (comprising farm tractors and non-farm tractors), and these overturns were associated with 125 deaths and 573 nonfatal injuries requiring at least outpatient treatment. In addition, the average cost tallied at $1.5 billion in 2006 dollars. Here’s a table that shows the specific cost of farm tractor-related injuries


Cost of Farm Tractor Related Accidents/Injuries in 2006 Million (Figures are a Combination of Accidents/Injuries With or Without Rollover Protective Structure)

Discount Fatal Non-Fatal
0% $190.1 $1,322.4
3% $137.8 $961.2
5% $113.6 $793.3


Also read: Excavator Insurance


Farm tractors are dangerous and so it’s best to get farm tractor cover to protect yourself and other people when operating these machines. A farm tractor insurance quote offers liability policies that help to pay for the cost of accidents if the farm tractor ran someone over or overturned and caused injuries. Additionally, it has physical damage coverage which doesn’t only account for the damages to the farm tractor but also to its attachments like the post hole digger, mower, rear blade, and front end loader.

Geico perhaps offers the best farm tractor insurance. Customers who get farm tractor insurance Geico enjoy discounted rates and generous coverage. The company offers the most useful policies common in expensive large farm tractor cover such as bodily injury liability coverage, equipment breakdown coverage, collision coverage, and excess liability insurance. However, note that such policies might be underwritten by Geico’s partners.


Tractor Pull Insurance

Some carriers also offer tractor pull insurance. This policy offers coverage to those who own pulling tractors. In case you don’t know, pulling tractors are sports tractors used for tractor pulling events, which are very popular in the United States, Canada, and Europe. >

Know that most carriers for tractor or trailer insurance rarely provide coverage to pulling tractors. That’s why you’ll have to find a dedicated truck tractor insurance carrier like Hummel Group.

Tractor pull insurance coverage starts at $1 million policy limit. The policy functions to provide payment if ever a pulling tractor suffered from damaged, damaged other tractors, or injured people at the tractor pulling event.

Why do most carriers offering insurance for a tractor (insurance tractor) exclude pulling tractors anyway? The answer is simple. Pulling tractors are used for entertainment purposes. If you’ve been to a tractor pulling event, you’ll see that the sport requires the driver to put the tractor in full rev. And so, they’re prone to get damaged easily. That's why many carriers don't cover pulling tractors

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Inland Marine Insurance for Tractor

Some companies offering specialized tractor quotes allow their customers to get inland marine insurance. Inland marine policy provides coverage for goods in transit. In practice, this insurance reimburses the policyholder if the goods are damaged or lost during delivery because of theft or road accident. Coverages in inland marine insurance are :

  • Bailee’s customer coverage

  • Builder’s risk

  • Exhibition and fine art coverage

  • Installation floater

  • Motor truck cargo coverage

You can use inland marine policy as insurance for a tractor if you’re engaged in tractor rental or wholesale business. Having this policy will be very helpful for instances wherein a client wants the tractor delivered via shipping instead of getting it. With inland marine insurance, you can pay the client if the tractor becomes damaged or lost while on the trip. Another thing, this insurance will also take care of any collateral damage your tractors caused while on the way to the client.

Commercial tractor trailer insurance policies won’t account for any damage to a tractor being delivered. This is why it’s a good decision to get inland marine insurance. But still, note that the policy has limits too. Inland marine insurance won’t cover damage to tractors inside the warehouse that earthquakes, floods, and other natural disasters caused. Also, it won’t refund transport tractor costs but only the value of the damaged tractor being delivered.



How Much Does It Cost to Transport a Tractor?

Shipping carriers determine the price to transport a tractor from point a to point b using variables such as:

  • Miles to be traveled

  • Tractor weight

  • Type of vehicle to use for shipping

  • Whether or not the tractor to be shipped comes with attachments

Let’s use miles to be traveled to determine tractor transport cost as it’s the easiest. The average cost of shipping a tractor is $3.16 per mile and carriers charge the customer 50% - 60% of the total line haul. Therefore, if you’re planning to ship a tractor from Colorado to Arizona, then the total miles to be traveled will be 644.81 miles. Taking this into account, then you’ll have to pay $1,018 - $1,222 for transporting a tractor.



Compact Tractor Insurance

To save money, it’s best to cover tractors having 30 - 40 horsepower using compact tractor insurance. The policy offers property damage liability coverage and physical damage coverage.

This small tractor insurance works best for covering compact tractors for landscaping and gardening. On the other hand, it’s better to insure tractors with 25 horsepower or less using sub compact tractor insurance, which has the same policies as insurance for compact tractors.

Compact Trailer Insurance

A compact trailer is a trailer that is considerably smaller than what you’d see on a typically semi-tractor-trailer setup. Common examples of compact trailers could include:

  • Box trailers.

  • Open equipment trailers.

  • Dump trailers.

  • Tow-behind campers.

Most of the time, your compact trailer should be covered by your personal or commercial auto insurance policy. However, this only protects it while it’s attached to your truck or tractor and you’re driving on the road. It’s never a bad idea to purchase additional coverage for your trailer to cover it in the event of theft, weather damage, or vandalism.

Tractor Theft Insurance

As long as you purchase a comprehensive tractor insurance policy (as described above), then it should include tractor theft insurance. Thankfully, this doesn’t occur too often, but if it ever does happen, your comprehensive tractor theft insurance policy can save you tens of thousands of dollars!

Tractor Insurance Cost

At this time, you’re probably wondering about the average tractor insurance price and what you can expect to pay for different levels of coverage.

So how much is tractor insurance? Insuring a brand new tractor costs $54.16 per month or $650 per year for $1 million general liability coverage.

If you’re tired of reading and you’re ready to see your personalized tractor insurance quotes, simply click the ‘Get Quotes’ button below and complete the questionnaire to be matched with affordable commercial insurance policies for your tractor-trailer, compact trailer, or agricultural tractor from the best tractor insurers now!

Tractor Insurance 1-Year Price

If you’re just getting into the trucking business, then you’re probably wondering about the average amount you’ll be required to pay for a full-term 1-year tractor quote. Generally speaking, tractor insurance companies charge about $8,350 per year on average for a comprehensive commercial trucking insurance policy.

However, general liability insurance for tractors will cost only $650 for a 1 year period on average. Ultimately, the price you’ll pay depends heavily on your experience as a truck driver, your accident history, the type of tractor you’re driving, which state you’re primarily operating in, and how many miles you drive per year. Here's a breakdown by coverage type:

Coverage 1 Year Price
Primary Liability $8,348
General Liability $650
Physical Damage $1,920
Bobtail Insurance $360
Umbrella $596
Uninsured/Underinsured Motorist $75
Cargo $800

Tractor-Trailer Insurance Cost

Commercial tractor-trailer insurance is probably the most common type of tractor insurance issued by insurers. The trucking, logistics, and transportation industry is bigger than ever thanks to large companies like Amazon that offer overnight delivery for everyday consumer items. Tractor trailer insurance average cost is $8,350 per year, which translates to $695.83 a month for a $1 million general liability coverage.

Note that there are many factors that affect the price of tractor trailer insurance quotes such as weight, frequency of usage, and type of load.

You might have realized by now that insuring a tractor trailer can be costly. Nonetheless, there are ways for you to enjoy cheap tractor trailer insurance such as:

  • Choosing carriers that offer discounts for good driving record and periodic vehicle maintenance

  • Not putting coverage on old tractor trailers

  • Maintaining a good credit record

  • Ask for discounts if insuring more than 3 tractor trailers

  • Installing anti-theft device

Cheap Tractor-Trailer Insurance Quotes

Given that tractor-trailer insurance is the most common type of coverage purchased by truckers, we figured that it would be a good idea to find you some cheap tractor-trailer insurance quotes as provided by major insurers.

Insurance Provider Average Monthly Rate Average Annual Rate
Geico $856 $10,274
Progressive $777 $9,327
AXA Insurance $839 $10,065
State Farm $657.50 $7,890
ACKO Insurance $676 $8,110
USAA $566 $6,785
Liberty $720 $8,639

The numbers obtained above are an average taken from consumer insurance data, including new tractor insurance rates, used tractor insurance rates, experienced truckers, and first-time truckers. That being said, keep in mind that the rates you’ll pay probably won’t match up exactly with the table above. As we discussed, many different factors contribute to the tractor insurance rate you’re quoted.



How Much Is Tractor Trailer Insurance for Logistics Businesses?

Large logistics businesses pay $9,531 annually for their tractor trailer insurance having a $1 million general liability coverage included. On the other hand, small-time logistics businesses pay $6,621.

How Much Does Tractor Trailer Insurance Cost for Ranches?

Horse ranches pay $5,291 annually for tractor trailer insurance offering a $1 million general liability coverage. Tractor trailer insurance for game ranches costs $7,393. Finally, guest ranches rarely get tractor trailer insurance but when they do, the cost is very cheap. Tractor trailer insurance for guest ranches starts at $1,000 annually for a $1 million general liability coverage.

How Much Is Insurance on a Tractor Trailer That’s Second-Hand?

Note that the cost of insuring a second-hand tractor trailer is pricier than insuring a brand new unit. Experienced truckers estimate the cost to be 3% - 7% higher than the standard rates. To cut costs, it’s best to spend money on refurbishing the second-hand tractor trailer and make it look brand new.



Ultimately, the best way to get cheap tractor-trailer insurance that you can afford is to shop around and compare quotes from different insurance companies. The insurance industry is easily one of the most competitive markets in the world. As such, insurers are constantly fighting for customers’ business, and by letting them know that you’re comparing quotes, you’ll ensure that you’re getting the best deal.

To start comparing quotes today, click the ‘Get Quotes’ button below! After entering some basic info on your tractor and business operations, you’ll receive cheap insurance quotes online from top tractor insurers, so you can choose which company best suits your commercial needs and your budget!


Utility Trailer Insurance Cost

Insuring a utility trailer costs $450 a year or $37.5 a month for a $1 million general liability coverage. This rate assumes that the deductible is set at $500.

Farm Tractor Insurance Rates

Farm tractor insurance cost is less than tractor-trailer insurance. In fact, if you’re just using your farm tractor on your home property, then you can usually get it covered under your home property insurance. However, home insurance coverage can have higher-than-average deductibles, which could leave you in hot water if something ends up happening to your tractor.

For this reason, it’s always a good idea to purchase a simple farm tractor insurance policy. For the most part, the average farm tractor insurance rates are $8,500 per year or about $708.33 per month for a $1 million general liability coverage. You will be smart, however, to compare quotes online in order to get the best deals!

On another note, is farm truck insurance cheaper than agriculture tractor insurance? The answer is no. Heavy farm trucks cost $10,244 to insure. And those only a bit bigger than farm tractors cost $5,593 to insure.

Compact Trailer Insurance Cost

A compact trailer is a trailer that is considerably smaller than what you’d see on a typically semi-tractor-trailer setup. Common examples of compact trailers could include:

  • Box trailers.

  • Open equipment trailers.

  • Dump trailers.

  • Tow-behind campers.

Most of the time, your compact trailer should be covered by your personal or commercial auto insurance policy. However, this only protects it while it’s attached to your truck or tractor and you’re driving on the road. It’s never a bad idea to purchase additional coverage for your trailer to cover it in the event of theft, weather damage, or vandalism.

On average, compact trailer insurance cost is $375 per year for a $1 million general liability coverage, making it quite affordable for the coverage you’ll get.

Sub-Compact Trailer Insurance Cost

While we’re on the topic of compact trailers, then we might as well mention what you can expect to shell out to insure a sub-compact trailer. These are typically ultra-small trailers that can be used to tow around small equipment or haul junk. Sub-compact trailers are often towed by small sedans, farm tractors, or even contractors who need to carry extra equipment to and from their job site.

Sub-compact trailer insurance costs typically range between $98 and $145 per year for a $1 million general liability coverage, making them incredibly affordable to insure.


Related: Skid Steer Insurance

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Best Tractor Insurance Companies

If you’ve made it this far, congratulations! You’re practically a tractor insurance expert. You should now be armed with all of the knowledge you need to understand the policies outlined by major insurance providers, so you’ll never be left in the dark regarding your policy’s fine print. Now, it’s time to take a look at some of the top tractor insurance companies.

To get your free, customized tractor insurance quotes from top insurance providers, simply click ‘Get Quotes’ below! After filling out some basic information, you’ll receive competitively-priced quotes that most insurance agents won’t tell you about upfront, allowing you to save big on your tractor insurance policy. After using our free quote generator, it’s likely that several of these companies will try to contact you offering a cheap tractor insurance quote, so it’s a good idea to know who you’re dealing with.

Whether you’re looking for trailer or tractor insurance carriers, we’ll provide brief reviews that talk about the pros, cons, and pricing for $1 million general liability coverage of the most popular insurance providers below. Let’s take a look!

Kubota Insurance

In addition to manufacturing some of the world’s most versatile and high-tech tractors, the company also provides Kubota tractor insurance coverage for all of its customers. Unfortunately, you won’t be able to insure your non-Kubota tractor, but if you do own one, you’ll get an amazing deal on your commercial tractor insurance policy.

Kubota Insurance Cost

Kubota insurance coverage is officially handled by Kubota’s subsidiary KTAC (Kubota Tractor Assurance Corporation). One of the options to make a Kubota insurance claim is to call 1-800-348-5802, a phone number that KTAC manages.

The average KTAC insurance cost is $1.25 per $1,000 value increment on the tractor per month for general liability insurance coverage. In more direct terms, this means that you would pay $12.50 per month to insure a $10,000 tractor or $25 per month to insure a $20,000 tractor.

KTAC insurance reviews are decent with an average of 3.6 stars in Google reviews and zero complaints at Better Business Bureau . For more KTAC / Kubota insurance reviews, we recommend you visit forums like Tractor By Net and Orange Tractor Talks .

According to a thread in Tractor by Net , Kubota also offers Kioti tractor insurance. However, you can only qualify if you’ve owned a Kubota tractor before.

Pros

  • Affordable insurance for Kubota tractors.

  • Easy-to-understand pricing.

  • Fair customer service.

Cons

  • Not available for non-Kubota tractors.

Best For : Kubota tractor owners.

Our Rating : 4/5


John Deere Insurance

John Deere tractor insurance provides simple, easy, and incredibly affordable tractor insurance for John Deere tractor owners.

John Deere insurance company offers coverage to tractors with its UltraGard™ Physical Damage Insurance. The coverage of this insurance program from John Deere insurance co is limited to those who bought their tractor units using John Deere’s financing.

Remember that John Deere quotes will only insure the unit for physical damage. The company doesn’t offer liability policies in its UltraGard™ Physical Damage Insurance. Furthermore, John Deere tractor quotes are underwritten and managed by Sentry Insurance Group. It is also probably one of the cheapest farm tractor insurance policy you can find in the market.

John Deere Tractor Insurance Cost

On average, John Deere tractor insurance cost is $35 per month for general liability, depending on the type and value of the tractor you own. >

Pros

  • More affordable farm tractor insurance than most providers.

  • Great customer service and claims service reviews.

Cons

  • Not available for other tractor brands.

Best For : John Deere tractor owners.

Our Rating : 4.5/5


Mahindra Tractor Insurance

Mahindra dominates the global tractor market and is headquartered in India (where tractors are literally everywhere). In addition to manufacturing and shipping high-quality agricultural equipment and tractors around the world, they also happen to have one of the world’s best farm tractor insurance.

Mahindra’s insurance for tractors is managed by its subsidiary Mahindra Tractor Commercial Insurance Brokers ltd. Policies in Mahindra tractor cover are liability insurance and comprehensive insurance. There are also optional coverages such as zero depreciation, return to invoice, and roadside assistance.

Mahindra Tractor Insurance Price

The average Mahindra tractor insurance cost is $76 per month for commercial general liability insurance coverage, depending on the value of your Mahindra tractor and other risk factors.

Pros

  • Insurance directly from the manufacturer.

  • Low-cost policies for both cheap and expensive tractors.

Cons

  • Call wait times to make a claim can be very long.

Best For : Mahindra tractor owners.

Our Rating : 3.8/5



Does Case Offer Insurance for Its Tractors?

The tractor company, CASE, doesn't offer Case IH quotes for customers planning to insure their tractors. Instead of an insurance policy, CASE IH offers Safe Guard Warranty, which extends the base warranty period of new Case tractors to another three years.



Tractor Insurance Geico

Geico is the second-largest insurance company in the United States and they provide everything from home, auto insurance, to tractor truck insurance. Whether you’re insuring a large dump truck for your commercial construction business or a semi-tractor trailer, Geico has you covered with affordable, comprehensive policies designed for all truckers.

The best thing about Geico tractor insurance is that it gives numerous discount options so that you can save money on premiums. If your tractor is new, Geico is willing to lower your premiums by 15%. You’ll further qualify for a custom discount for having a category F license for driving a tractor.

Check out Geico cargo trailer insurance, which you can also use to cover conventional travel trailers, fifth-wheel travel trailers, travel trailers with expandable ends, folding camper trailers, and truck campers. Cargo trailer insurance Geico has $1,000 emergency expensive coverage and $100,000 personal effects damage coverage. You can get a Geico trailer insurance quote from the company’s website and from its partners .

Pros

  • Immediate proof of insurance coverage.

  • File claims and manage your policy through Geico’s easy-to-use app.

  • Insure anything from a small farm tractor to a large semi-tractor.

  • Offers commercial auto liability insurance for a sub compact tractor trailer.

Cons

  • Customer service ratings aren’t always the best.

Best For : Part-time or full-time trucking/logistic company owners.

Our Rating : 4/5


Tractor Insurance Progressive

Progressive is another large U.S.-based insurance provider. They have built an excellent reputation for providing friendly customer service, and offer great deals on bundling your insurance policies. This makes them a great option if you already own a Progressive home, auto, or business insurance policy.

You can also go for trailer insurance Progressive for insuring your cargo trailer and travel trailer. Progressive insures the trailer unit and the contents inside in case of collision, weather damage, and equipment breakdown.

Progressive Farm Tractor Insurance

In addition to insuring large tractor-trailers, Progressive tractor insurance can also provide you with a basic liability or physical damage insurance policy for your farm tractor. On average, Progressive farm tractor insurance cost is $748 per month, depending on the type of farm tractor you drive and other factors.

Pros

  • You can bundle all Progressive policies and save money.

  • Insure small farm tractors or semi-trucks.

  • Superb customer service.

Cons

  • Sometimes the claims process can be lengthy.

Best For : At-home farm tractors or truckers who own their own semi-tractor-trailer.

Our Rating : 4.5/5


AXA Tractor Insurance

AXA is a British multinational insurance provider that specializes in providing commercial liability policies for a number of different industries. Overall, they’ve received excellent reviews with regards to their customer service, professionalism, and ability to handle claims quickly and easily. This makes them an obvious choice for those who own large trucking and logistics companies and a fleet of tractor-trailers. Others, who already bought tractor and trailer insurance quotes from AXA, are satisfied as they enjoy risk consulting services, captive servicing, and structured risk solutions. >

Pros

  • Great reviews for claims handling and professional service.

  • Competitive rates for large commercial trucking companies.

Cons

  • As AXA specializes in commercial policies, they’re not a great choice for small farm tractors or other personally-owned vehicles.

Best For : Logistics companies that need to insure 10 - 20 tractor-trailers.

Our Rating : 4/5


State Farm Tractor Insurance

State Farm is the largest insurance company in America (by volume) and is one of the most popular tractor and semi trailer insurance companies in the USA. State Farm started business by providing farm and equipment insurance in the early-1920s, so the company is used by many small and large farms throughout the American Midwest.

Those looking for tractor insurance State Farm can get coverage through the company’s farm and ranch insurance program. State Farm farm and ranch coverage cover common agricultural equipment such as tractors, haulers, and trailers. If you’re a tractor technician, try State Farm equipment insurance that offers coverage for wrenches, welding machines, jack stands, and more.

Pros

  • Long history of insuring farm equipment and tractors.

  • Amazing ratings for customer service and claims handling.

  • Affordable rates and policy bundling available.

Cons

  • The underwriting process can be somewhat lengthy when purchasing coverage.

Best For : People looking for the best small farm insurance that covers tractors and other farm equipment.

Our Rating : 5/5


ACKO Tractor Insurance

ACKO is one of the newest players on the insurance scene and they specialize in providing semi truck and trailer insurance for truckers and logistics companies. What sets ACKO apart from most insurers is the fact that their entire insurance company is online-based.

This means that you’ll save money on premiums compared to other larger insurance companies. ACKO insurance offers a seamless tractor insurance application and claims processing. And so, just like the old fleet farm slogan, ACKO customers say, “We Love It!” .

Pros

  • Affordable insurance coverage thanks to ACKO’s online-only business model.

  • They specialize in commercial auto insurance.

Cons

  • Getting in touch with a real agent can be difficult.

Best For: Small trucking companies that own less than 3 tractor-trailers or commercial vehicles.

Our Rating : 3.5/5

USAA Tractor Insurance

Whether you’re in need of single tractor insurance or you need to insure an entire fleet, USAA is easily one of the best tractor insurance companies in the United States. They have the most affordable rates in the country, outstanding customer service, and are easy to get in touch with. Tractor insurance USAA is only available to active or retired members of the United States military and their immediate family members (spouses and children).

USAA also offers insurance for the trailers of its members. USAA trailer insurance offers coverage to trailers used for farms, ranches, logistics, and heavy equipment transport. Note that trailer insurance USAA excludes cargo trailers. Nonetheless, coverage is possible through USAA cargo trailer insurance having policies that account for one’s personal injuries, missed employment, and injuries or property damage to others.

Pros

  • Incredible rates on tractor insurance or large commercial vehicle insurance policies.

  • Great customer service ratings.

  • Easy to get in touch with about claims or help.

Cons

  • Only available to members of the U.S. armed forces and their families.

Best For : Veterans who own trucking companies or need to insure a farm tractor.

Our Rating : 5/5

Tata AIG Tractor Insurance

Tata is another large automaker based out of India and is Mahindra’s direct competitor. Tata manufactures a number of farm tractors, semi-trucks, and even compact trucks. Tata’s insurance subsidiary company is Tata AIG, which provides affordable insurance coverage for all Tata tractors or full-sized trucks.

Pros

  • Affordable insurance for Tata tractors and trucks.

  • Insurance directly from the manufacturer.

Cons

  • Not available for non-Tata tractors.

Best For : Tata tractor or truck owners.

Our Rating : 4/5

Farm Bureau Tractor Insurance

Farm Bureau Financial Services is a large insurance company based out of Des Moines, Iowa. They started in 1939 by providing specialized insurance policies to farmers in Iowa. Since then, they’ve expanded the types of insurance coverage that they offer and provide coverage across the United States.

Pros

  • Great customer service.

  • Specializes in commercial auto insurance and farm tractor insurance policies.

  • Affordable rates and policy bundling available.

Cons

  • The claims process can be somewhat lengthy.

Best For : Farmers who need to insure tractors or small logistics companies.

Our Rating : 4/5

Liberty Tractor Insurance

Liberty Insurance offers coverage for every type of personal property or business you might have. So whether you need to insure small farm equipment and tractors or large commercial semi-trucks, Liberty makes the process of applying for insurance incredibly easy. Additionally, you’ll be able to build your own policy from the ground up, adding on whatever coverage you need. This is made evident by the company’s slogan, “You only pay for what you need.”

Pros

  • Affordable insurance policies for all companies.

  • Build your own policy from the ground-up.

  • Easy application process for coverage.

Cons

  • You may need to double-check your policy to make sure that you have all of the coverage you need.

Best For : Small to mid-sized trucking companies or small farmers.

Our Rating : 4.5/5


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How to Insure a Tractor for Personal Use?

You can use your homeowner’s policy for insuring a tractor for personal use. But understand that by doing so, you can only get coverage for the damages to your tractor but not the damages the tractor might cause.  

Another way to have personal tractor insurance is to qualify for farm equipment insurance.  Depending on the carrier, you might not need or need to classify yourself as a farmer. Still, we should emphasize that non-farmers get higher farm equipment insurance rates in covering tractors for personal use.  

If you can’t really insure your tractor using a homeowner’s policy or farm equipment policy, then the last method is to get lawn tractor insurance which covers open perils and named perils

Buying A Tractor: How Much Tractor Cost?

Owning a tractor is a good investment as it brings in money.  If you’re looking for insurance because you’re planning to get a tractor, we’ll provide the answers on how much a tractor cost.

But before that,  let’s talk about how much to charge for tractor work.  The cost of a tractor rental, in terms of standard rates, is $123.52 an hour.  If we consider custom rental rates,  the average cost of a tractor is $226.55 an hour.  Someone who leases a tractor for at least 4 hours earns $494 or $906. 

How Much Is The Average Price of a Tractor?

Many factors affect tractor cost. In the USA, one of the things that sellers consider is horsepower. Here’s a table that shows the average cost of tractor depending on horsepower. 


Price List 
30 HP Tractor  $20,000
40 HP Tractor  $32,000
50 HP Tractor $38,521
60 HP Tractor $42,483
70 HP Tractor $50,203
80 HP Tractor $107,290
90 HP Tractor $113,460
110 HP Tractor $143,351
120 HP Tractor $150,262
140 HP Tractor $164,689
150 HP Tractor $174,875
170 HP Tractor $183,329
190 HP Tractor $224,462
225 HP Tractor $254,300
240 HP Tractor $264,671
270 HP Tractor $340,321
290 HP Tractor $363,848
310 HP Tractor $381,429
370 HP Tractor $333,200
420 HP Tractor $359,784
470 HP Tractor $385,892
570 HP Tractor $453,600



How Much Are Second-Hand Tractors? Are They Expensive to Insure?

Second-hand tractors are a solid option if you can’t afford to buy a brand new tractor right now.  You can find many in farming states. The average tractor price of second hands is $10,000 - $300,000.  We suggest that you check the second-hand tractor in person before buying to ensure there are no defects. 

So how much is insurance on a tractor that’s used? The cost of insuring a second-hand tractor is cheaper than insuring a brand new tractor. Expect premiums that are lower by 3% - 7% 

Are There Defective Tractors for Sale and Are They Cheap?

Salvaged tractors are cheaper than brand new and second-hand tractors. The cost of tractor with defects is $1,000 up to $20,000.  A place where you can buy salvage tractors is Paige Tractors that’s based in Texas. 

When it comes to buying salvaged tractors, it’s best to purchase the one having defects that are cheap to repair. Watch out for tractors with defects in the fuel injectors, seals, front axle, engine oil pump, steering component, and bearings. 

How Much Does a Farm Tractor Cost?

The average farm tractor cost in the USA increased from $410,256 in 2019 to $447,479 in 2021. However, this cost of farm tractors assumes all kinds available in the market. And so, we also need to investigate the cost of specific farm tractor types. 

In the United States, the most common types of farm tractors are row crop tractors, high crop tractors, and wheat land tractors. So how much is a farm tractor if we take unit type into consideration? 

A brand new row crop tractor costs $130,000 - $250,000 on average. A used piece, on the other hand, costs $48,000 - $130,000.

The latest units of high crop tractor cost $180,000 - $310,000 with second-hand ones having  a list price that’s half of brand news. Finally, dealers sell wheat land tractors at $300,000 - $500,000. 



What Are The Most Expensive Tractors?

The most expensive tractors in the market right now are:

  • 16-V 747 Big Bud – $1.3 million

  • Case IH Quadtrac 620 – $616,000

  • Case Quadtrac Triangular Caterpillar – $600,000

  • John Deere 9620RX – $548,000

  • New Holland T9 700 – $547,900

Is Texas the Best Place to Find an Affordable Tractor?

Texas is the leading state in the US in terms of farming.  As of 2020, Texas has 247,000 registered farms. And so, it’s the place where you can find an affordable tractor because the market is competitive with sellers willing to give a cheap list price for their units. 

Watch out for the culmination of the Early Day Tractor and Engine Association Show if you want to get  affordable tractors in Texas (affordable tractors Texas). Many tractor enthusiasts join and you might find some selling a cheap tractor at negotiable rates. 

Another thing, in case you want to get insurance after buying, companies we recommend for tractor insurance Texas are Texas Farm Bureau, Nolen Agency, Pinnacle Insurance, American Family Insurance, and State Farm. 

We’ll also suggest a marketplace where you can buy cheap tractors aside from Texas. Try Midwest Mini Tractor Company. This place offers a lot of mini-tractors that work well for landscaping and other similar ends. 


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