Tractor Insurance: Cost, Best Companies & Quotes

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Updated: March 27, 2025 . 6 min read

Written by Ofir Sahar

CEO & Founder

Ofir Sahar

CEO & Founder

Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.

 

 

Tractor insurance is a vital consideration for anyone who owns or operates a tractor, whether for agricultural purposes or commercial use. This type of insurance protects against risks associated with operating these powerful machines, including damage to the tractor itself and liability for injuries or damages caused to others. 

In this article, we will explore the cost of tractor insurance, highlighting the best companies that offer coverage.

 

How Much is Tractor Insurance?

The price of tractor insurance can range greatly depending on a number of factors including the type of coverage chosen, the value placed on the tractor, the driving history of the owner and the region.

  • Basic Coverage: Basic third party liability insurance coverage can be issued at rates as low as between $300 and $500 on an annual basis but may require higher premiums. 

Such policies compensate for damages caused on other people or properties. However, it does not compensate for damages sustained to the insured tractor.

  • Comprehensive Coverage: Such policies cover third parties and provide for damages sustained on your tractor, such tractor insurance cost policies will cost between $700 to over $2000 annually. 

 

 Factors Influencing Costs:

  • Type of Tractor: Tractors which are larger and more expensive will generally attract higher premiums.
  • Usage: The rates for tractors utilized for commercial purposes can be different to those used for personal and agricultural usage.
  • Location: Such places are likely to attract higher premiums due to frequent theft occurrences or greater accident rates.

 

Insurance for Tractor Trucks

Due to the nature of how a tractor truck operates, tractor truck insurance is essential. Here are some of the things worth noting regarding insurance for these vehicles.

 Types of Coverage

  • Motor Truck General Liability Insurance: This coverage covers the costs of the damages incurred when the truck is involved in an accident
  • Cargo Insurance: This coverage protects the goods, which are carried from loss or damage while still being transported.
  • Non – Trucking Liability Insurance: This kind of coverage will take care of liabilities, which are normally incurred when the truck is used for other purposes other than business.
  • Cost considerations: On average, these premiums may be ranging from $ 1200 to $ 3000 per annum. Depending on which situation the case has, these are the variables that these premiums rely on.

  

Cheap Tractor Insurance Quote

There is a simple way to get a low-cost quote. Here are some tips;

  • Comparison of Quotes: Check websites that offer to give you quotes from several insurers and which is the cheapest one. This cuts the process and allows the client to settle for competitive prices.
  • Package Policies: Where possible, combine tractor insurance with other insurance s like home or auto to get a discount.
  • Raising Deductibles: The higher the deductibles at the onset of purchase, the lower the premium costs. But make sure you are capable of affording the deductible when a claim arises.
  • Discounts Availability: Many insurance companies have discounts for the people who have completed basic safety training necessary for operating heavy machinery.

 

Tractor Liability Insurance

When it comes to using your tractor, tractor liability insurance is important in safeguarding you from lawsuit claims that arise from tractor-related accidents. These include:

  • Mandatory Coverage: Basic liability coverage is required for tractor operators who operate the tractors on public roads in most jurisdictions.
  • Coverage limits: Certain policies have different limits; it is, however, advisable to have a policy that adequately caters for potential operating liability limits.

 

Compare Tractor Insurance Online

When considering tractor insurance, consider the following tips which can help you get the most favorable rates:

  1. Use online comparison tools that show different quotes from different insurance providers.
  2. Reviews and ratings submitted by former policyholders of the companies are also helpful in determining how each insurer is rated service-wise.
  3. Analyze every policy in terms of coverage limits, exclusions, additional benefits, and so on to ensure that it meets all your specific requirements.
  4. Consider working with an insurance broker with experience in agricultural or commercial vehicles; the broker will assist you in determining what is most applicable for you.

  

Compare Tractor Insurance Quotes Online

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

Best Tractor Insurance Companies

Insurance for tractors can be purchased from reliable providers. However, it’s worth checking if the company puts emphasis on customer service, offers a wide range of options, and has those options at an affordable price. Fortunately, there are several companies offering tractor insurance, and here are some of them:

 

Farmers Insurance

Farmers Insurance is a good fit for those looking for special coverage. They’re known for providing more options in terms of flexibility as well as comprehensive coverage.

Pros:

  •  Personalized Policies: Provides coverage that is flexible and can be modified depending on whether the person carries a commercial or personal policy.
  • Comprehensive Coverage: Incorporates several add-ons such as; rental reimbursement.
  • Good Financial Ratings: Has maintained a good standing and rating in terms of finances for a long period of time.

Cons:

  • Higher Premiums: Some policies may be more costly rather than cheaper than policies from various competitors.

 

Rating: 4.3/5

 

Nationwide Insurance

Nationwide is popular for its various coverages and great customer support but depends heavily on the type of quote that the person is given. 

Pros:

  • Variety of Plans: Offers a wide range of tractor insurance plans including liability coverage and damage.
  • Strong Customer Service Orientation: Good reputation in terms of servicing customers, handling/directing claims.
  • Discounts Available: Discounts provided for bundling policies or insuring multiple cars.

Cons:

  • Limited Tools: Less advanced options for online quote requests than their competitors.

Rating: 4.2/5

 

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State Farm

State Farm has a good reputation among customers for its service and always provides viable options which are useful for tractor owners.

Pros:

  • Flexible Policies: Provision of options for additional tractor insurance cover such as roadside assistance.
  •  Strong Local Agent Network: Several local advertisements for clients who require special attention.
  •  Good Consumer Ratings: Reviews received during consumer satisfaction surveys, majority of them show good feedback about the company.

Cons:

  • Higher Premiums for Some Customers: it might be very expensive for a few users.
  • Limited Online Quote Options: Getting a quote on the web may also be significantly easier with some of the competitors however it’s still reasonable.

Rating: 4.4/5

 

Progressive

It is a very economical insurance provider and has easy to use online features but the overall feedback for their customer care is average.

Pros:

  • Very Low Rates: One of the key attributes of Progressive is their reliance on low rates especially in the commercial vehicle segment.
  • Excellent Online Tools: Progressive has a fantastic online quote tool that assists in coverage comparison.
  • Coverage Diversity: Insurance against liability, physical damage and equipment breakdown are among the insurance types offered.

Cons:

  • Average Risks: Not necessarily the best companies for persons with bad driving histories.

Rating: 4.1/5

 

About the author

Ofir Sahar

Ofir is the founder and CEO of Insuranks. He established Insuranks in 2019 from scratch and has been running educational insurance websites since 2009 on a mission to help businesses...See full bio.

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