Box truck insurance is a specialized commercial auto Insurance. It is designed to protect businesses that use box or straight trucks for deliveries. According to the US FMCSA, around 4,15000 large trucks crash annually. Therefore it is essential to have the right coverage to avoid Financial losses from accidents or liability claims. This insurance includes liability, collision, medical payments and uninsured motorist coverage. Box truck insurance ensures that in your business stays protected on and off the road.
The cost of coverage varies depending on the type of truck, driving history and cargo. Normally the cost ranges from $3000 to $5,000 per year per truck. To get a quote, consult a local insurance agent. Read on to know more about it.
Which Businesses Need Insurance for Commercial Box Truck?
Which Businesses Need Commercial Box Truck Insurance?
Various types of businesses that are involved in delivery services or transportation need insurance for commercial box trucks. Businesses involved in persistent transportation need this insurance to protect themselves against financial downfall due to the risks of accidents. The most common businesses that need commercial box truck insurance are retailers, wholesalers, distributors, catering, restaurants, bakeries, grocery stores, furniture stores, etc.
Types of Trucks, Insurance of Box Truck Covers
Types of Trucks Box Truck Insurance Covers
Besides offering insurance to traditional box trucks, this auto insurance also covers other kinds of trucks, such as flatbed trucks, straight trucks, and tilt cabs.
What Does Commercial Box Truck Insurance Cover?
What Does Commercial Box Truck Insurance Cover?
Insurance of box trucks protects your vehicle if you ever get exposed to any mishap and damage to your box truck. The benefits of box truck insurance are not limited to protecting your investment in your vehicle but are also extended to protecting your company and employees.
Box truck insurance is pretty similar to other commercial auto insurance, but it comes with some additional benefits specified for box trucks. These additional benefits may vary in terms of more or less state to state, so Business Journal Hub is presenting the list of most common benefits that insurance of commercial box truck covers.
Coverage in Case of Collision
Coverage of Medical Bills
Coverage of Liability Insurance
Comprehensive Coverage
Coverage of Uninsured Box Truck Drivers
Coverage in Case of Collision
Coverage in Case of Collision
Box truck insurance covers the cost of repairs and replacement in case of physical damage or destruction of your vehicle in a collision, accident, etc. Precisely, if you are hit or get hit accidentally on the road and your box truck gets damaged or completely destroyed, the insurance company will bear all the costs to get it repaired or replaced.
Coverage of Medical Bills
Coverage of Medical Bills
Besides paying the cost of repairs and replacement of the vehicle, if the motorist or passengers get any injury, the box truck insurance will pay all the medical payments to the hospitals. Moreover, it will take care of rehabilitation, funerals, etc.
Coverage of Liability Insurance
Coverage of Liability Insurance
One may also claim liability insurance coverage from a box truck insurance company in case of vehicle damage or physical injury to their employee. The insurance will cover all the costs of damage and injury.
Comprehensive Coverage
Comprehensive Coverage
Comprehensive coverage covers damage to your vehicle or employee caused by natural disasters, theft, or other mishaps that impose financial implications on your business.
Coverage of Uninsured Box Truck Drivers
Coverage of Uninsured Box Truck Drivers
If the box truck driver is not insured or completely insured, the box truck insurance will bear the costs of medical treatments and truck repairs for all your employees and the vehicle.
What is Box Truck Insurance Cost?
What is Box Truck Insurance Cost?
The insurance of box truck premium cost depends on a number of factors related to the type of business you are running and the kind of truck cargo you are using for it, such as the location of your company, distance covered by your truck, driving experience of the truck driver, services that your insurance policy covers, price and value of your vehicle and the history of your business. Therefore, the box truck insurance cost may vary from vehicle to vehicle. The insurance cost of box truck can be between $3000 to $5000 annually depending on the factors mentioned above.
How to Get a Cheap Box Truck Insurance Quote?
How to Get a Free Box Truck Insurance Quote?
In order to save your business from any financial risks, obtaining an insurance quote for your truck is essential. These days, there are various platforms that help you get free and fast quotes online in no time. Start with searching out cheap box truck insurance that also offers additional benefits and covers all the essential costs. The process involves an agent who understands and investigates your business and its history to help you get a relevant package.
Also Read
Top Best Life Insurance Companies in 2025
