Truck insurance cost estimator and quote check
See what the industry benchmark says insurance should cost for your miles, then check any truck insurance quote you have against it.
Editable. Industry average, mostly larger Class 8 fleets.
YOUR QUOTE, PER YEAR (OPTIONAL)
TRUCK INSURANCE CHECK
BENCHMARK FOR 100,000 MILES A YEAR
$10,600
- Benchmark per year
- $10,600
- Benchmark per month
- $883
A benchmark, not a quote. New authorities, single trucks, box trucks and some states can price far from the fleet average. Only an insurer's quote prices your truck.
At 100,000 miles, the benchmark is $10,600 a year. Loads have to cover that before they pay you.
Get loads that cover your costsHow this truck insurance cost estimator works
The estimate is simple on purpose: your annual miles times an industry benchmark premium per mile. The benchmark is the American Transportation Research Institute's average insurance cost for 2025, 10.6 cents per mile. You can edit it if you have a better number, for example last year's premium divided by last year's miles.
We do not publish premium bands by state, driver age or equipment, because no public source publishes reliable ones and an invented band would be worse than none. If you enter your own quote, the tool compares it with the benchmark per mile and shows which coverage takes the biggest share.
SOURCE:ATRI, Operational Costs of Trucking (2026 edition, 2025 data), via FreightWaves Jul 15, 2026, OCT 2026
The formula
Benchmark per year = annual miles x benchmark per mile. Your cost per mile = (liability + cargo + physical damage + other) / annual miles. Difference = (your quote - benchmark) / benchmark.
EXAMPLE QUOTE CHECK
How much is truck insurance for your truck? What moves a quote
- Authority age and history. A new MC has no loss record, so quotes start higher.
- Driver record and experience. Violations, accidents and years with a CDL all count.
- Where you run. Garaging location and lanes change the risk an insurer sees.
- What you haul. Cargo type and value drive the cargo premium.
- Truck value. Physical damage is priced on what the truck is worth.
- Limits and deductibles. Higher limits cost more; higher deductibles cost less.
What a commercial truck insurance quote should show
Ask every insurer to break the quote down by coverage, so you can compare like with like:
- Auto liability at the limit you need. The federal minimum for general freight in trucks of 10,001 lb or more is $750,000; brokers can ask for more, so check their carrier packets.
- Cargo at the limit your brokers ask for, with any exclusions listed (some policies exclude reefer breakdown, unattended trucks or certain commodities).
- Physical damage on the truck's value, with the deductible.
- Other lines you may need: trailer interchange for power only, non-trucking liability if you are leased on, general liability if a shipper asks.
- Fees and payment terms, including any down payment and monthly installment charges.
SOURCE:eCFR, 49 CFR 387.9, OCT 2026;Progressive Commercial, OCT 2026
Comparing commercial truck insurance quotes
Put each quote into the tool with the same miles. The cost per mile tells you what each one adds to every load; the coverage bar shows where the money goes. A cheaper quote with lower cargo limits or a large exclusion is not cheaper if a broker turns you down for it.
Then take the per-mile number into your rate math. Insurance is paid whether the truck moves or not, so it belongs in your break-even rate. See our cost per mile calculator and box truck insurance guide, and budget for repairs with our maintenance cost guide. Running a semi? The fill-up cost calculator covers the other big weekly cost.
Where dispatch fits
Insurance is the cost you can shop once a year. The rate on every load is the number you can improve every week. Our dispatch fee is a percentage of loads you haul, set by our fee matrix, and every load is checked against your costs before it reaches you.
Questions about this calculator
Q-01How much is truck insurance?
There is no single price. The industry benchmark from ATRI was 10.6 cents per mile in 2025, mostly from larger fleets of semis. A truck running 100,000 miles at that rate is about $10,600 a year. New authorities, single trucks and some states often pay more. Only a quote prices your truck.
Q-02How do I get a commercial truck insurance quote?
Contact insurers or an agent who writes commercial trucking. Have your USDOT and MC numbers, the truck's VIN, year and value, the driver's license and driving record, where you run, what you haul, and the cargo and liability limits brokers ask you for. Get at least two quotes and compare them line by line.
Q-03What insurance is required for a for-hire truck?
For-hire carriers of general freight in vehicles of 10,001 lb or more need at least $750,000 of auto liability under federal rules, more for certain hazmat. Cargo and physical damage are not federal requirements for general freight, but brokers usually set cargo minimums and lenders require physical damage on financed trucks.
Q-04Why are new authority truck insurance quotes higher?
Insurers price risk on history, and a new authority has none: no loss record, no safety rating, often a new owner. Quotes can come down as you build a clean record. Keep your safety score clean, avoid claims you can absorb yourself, and shop your renewal.
Q-05Is this calculator a truck insurance quote?
No. It shows an industry benchmark for your miles and checks your own quote against it. Insurers price your exact truck, driver, lanes, cargo and history, which no calculator can do. Use it to see whether a quote is in a normal range and what share each coverage takes.
Ryan, TruckSwing dispatch desk
UPDATED OCTOBER 2026 · EDITORIAL POLICY
Insurance is a fixed cost. Rates are not.
We negotiate every load so your rate covers insurance, fuel and the truck. You approve every load.