Compare commercial truck insurance coverages

Similar to personal car insurance, semi truck insurance has different coverage levels and deductibles that vary depending on the amount that you're willing to pay for coverage. You want to make sure that your load is covered at full capacity and, if possible, find a company that will cover the shipment while it's in storage. This policy rider may make a huge difference if a shipment is delayed and damaged while in storage.

I recommend: Explore your options. Start by getting a quote from Western Truck Insurance Services and FM Global and compare the policies side by side. If you don't understand a particular coverage or section, don't hesitate to ask one of their agents for clarification.

Get quotes on truck cargo insurance rates

Once you have a better idea of what coverage you need, you can start shopping around for the best price. If you're flexible on the deductible amount, you can usually get the policy down to a price that you're comfortable with and still get the coverage that you need.

I recommend: Look at trucking insurance companies that are owned by other truckers. Companies like Owner Operator Direct and Trucker Services Association have competitive pricing because they understand your needs as the owner of a semi.

Choose a commercial truck cargo insurance company that's well respected

When you're buying insurance, it pays to go with a company that has a history of paying on time and taking care of its customers. Be wary of a new company that doesn't have a lot of experience in the field. Check out its history and ask how long it's been in business and what the claims procedure is like before committing.

I recommend: Give your business to truck cargo insurance companies that are well established. Progressive Commercial and JD Tanner Insurance are known in the industry for their customer service and long-standing history of success.