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Trucking Insurance Cost Calculator

Estimate owner-operator trucking insurance — primary liability, physical damage, cargo, bobtail — by authority status and operation.

Short answer

Trucking Insurance Cost Calculator

$14,625Estimated total annual premium

New authorities pay the 'new venture surcharge' — expect 40–80% higher premiums in years 1–2. Your $1M liability filing is the biggest line; shopping 3+ trucking-specialist brokers routinely saves 15–25%.

How it's calculated: $14,625/truck/yr × 1 — own authority (full stack). Adjust the inputs below to recalculate for your own numbers.

Disclaimer: Estimates only — not insurance, tax, or legal advice. Actual premiums depend on underwriting, state, carrier, claims history, and plan details. Confirm numbers with a licensed agent, broker, or Healthcare.gov before acting.

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Formula used

Per-truck = liability + physical damage + cargo (+ bobtail if leased)

Trucking insurance prices per power unit. Own-authority operators carry the full stack: $750K–1M primary liability (FMCSA filing), physical damage, and cargo. Leased operators rely on the carrier's liability while dispatched and buy bobtail/non-trucking liability for the rest.

Own authority ≈ $9.5K liability × radius × cargo × experience + $2.8K physical + $0.9K cargo, per truck
Own-authority, 1 truck OTR
$12K–18K/yr
Leased owner-op
$3K–4K/yr
New-authority surcharge
+40–80%
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What moves trucking premiums the most

In order: operating authority age, driver MVR and experience, radius, cargo type, and CSA scores. A single preventable accident on your DOT record raises premiums 20–40% for three years. Dashcams and telematics discounts (5–15%) now pay for themselves within the first year at most carriers.

  • Keep your MCS-150 mileage honest — underreported miles trigger audit bills.
  • Reefer breakdown coverage is a separate endorsement from cargo.
  • Physical damage should reflect actual cash value of the unit, not loan balance.

FAQ

How much is semi truck insurance per month?

An owner-operator with their own authority pays $1,000–1,500/month for one truck (liability, physical damage, cargo). Leased operators pay $250–350/month since the carrier covers liability under dispatch.

Why is new-authority insurance so expensive?

No loss history means maximum uncertainty. Carriers price new ventures 40–80% above standard for the first two years. Survive to year three with clean DOT inspections and premiums drop substantially.

What coverage does the FMCSA require?

Minimum $750K liability for general freight ($1M is the de facto broker requirement), $1–5M for hazmat classes, plus a BMC-91 filing. Cargo insurance isn't federally mandated but brokers universally require $100K.

How this calculator is built

Independently maintained

Written by Sam Doshi and the RevenueLab editorial team. We don't sell the data feeds this tool is built on.

Sourced from primary data

Benchmarks come from public AdSense / Stripe / IRS disclosures and reader-submitted data — never third-party "$X per view" claims. Full methodology.

Last editorial review

Reviewed on a rolling quarterly cycle. Dated reviews are published on the methodology record for each calculator.

Editorial standards

See our editorial policy and disclaimer. Results are estimates, not advice.

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