Indianapolis is right in the heart of the U.S. – a prime base from which to work in the trucking industry. Whether you haul large shipments across long distances or provide deliveries, pickups, or heavy-duty services here in the local area, you need commercial insurance that is affordable, effective, and backed by the support and guidance of a trusted Indiana insurer and an independent agent. At Luxor Insurance, we offer everything you need to minimize your risk vulnerability both on and off the road.
You may need trucking insurance if you are the owner, owner-operator, or private carrier of one or more commercialized trucks, including:
- Flat beds
- Freight trucks
- Tow trucks
- Dump trucks
- And more
Trucking Insurance Costs
We know you appreciate good value for your investment. Trucking insurance is an important financial purchase for your business – one that could ultimately protect you, your vehicle, and the continuity of your company. Although the quality of your protection is the most important factor when selecting your coverage, cost also plays a role. Many variables can affect the cost of your coverage, some of which include:
- The type of vehicle you operate
- How far you drive
- The type of deliveries/pickups/services you provide
- Driver records and accident histories
- And more
Commercial Insurance for Private Trucks
Private trucks are vehicles that only provide services for one particular company or employer. These trucks are typically owned by the businesses they service – not the drivers who operate them. If your business owns one or more trucks for internal services, you may need private truck insurance that includes:
- Medical payments protection
- Roadside assistance
- And more
Motor Carrier Coverage for Owner-Operators and Lease Contractors
Many truckers – particularly those who drive large semis and make deliveries across state lines – work as independent contractors. These are people who truck-for-hire and must protect themselves with insurance that meets their needs, as well as the requirements of the companies that hire them. Your motor carrier insurance may include a wide range of protections, some of which include:
Standard Liability Insurance
You drive defensively, follow highway laws, and take care to drive as safely as possible, but accidents can still happen to even the most astute of drivers. If you cause a collision behind the wheel of your big truck, the damages are likely to be significant and involve both property damages and injuries. Since trucking-related accidents often lead to major lawsuits, it is important to adequately protect yourself against litigation with high-limit primary liability coverage that safeguards your finances if you are at-fault.
Non-trucking Liability Insurance
Not all accidents happen when truckers on the job. If you work for a trucking company, you may have liability coverage through your lease, but that still leaves you vulnerable when you are using your truck for private purposes or a commute. For that, you may need non-trucking liability coverage to protect your income and assets against at-fault injuries and property damages.
Collisions can result in rollovers, jack-knives, front-end damages, and more. Whether you hit another vehicle, run into the median, or collide with some other object, collision insurance can help cover the cost of damages to your truck minus your deductible.
Sometimes damages happen when they are least expected. If your truck is smashed by a fallen tree or catches fire, for example, comprehensive coverage can help pay for the damages minus your deductible.
Uninsured/Underinsured Motorist Coverage
Drivers must have insurance to operate a vehicle in each state. If you are injured by a driver who fails to purchase coverage, your injuries may instead be covered by your uninsured motorist protection. Likewise, your underinsured motorist coverage could help fill in gaps left by a motorist who purchased liability limits that are too low to meet your needs.
Medical Payments Coverage
Medical payments coverage provides limited financial assistance for necessary medical expenses if you are injured in an accident, regardless of who is at-fault.
The things your haul are important. If you overturn your truck on the highway, it could lead to thousands of dollars in losses for the company you are servicing. Cargo insurance protects the loads you haul while they are in transit from Point A to Point B.
Indiana Trucking Insurance Quotes
If you are a motor carrier or private trucker in Indiana, we here at Luxor Insurance want to help you get the coverage you need. We can offer broad solutions, including coverage that stands up to the requirements of any new lease agreement you may have. We can also assist you with state compliance requirements, including any insurance filings you may be subject to.
When you choose Luxor Insurance, you are choosing a transparent, independent firm that will work hard to find competitive rates on the coverage you need – all with a quick turnaround time. We understand the nature of your business and the challenges you face. With our coverage, there are no hidden terms or surprises. You’ll know exactly what you are getting from day one, along with the helpful ongoing support you have come to expect from your local independent insurance agent.
To find out more about commercial Indiana trucking insurance for your large or small rig, contact our office to speak to Brad and request your free quotes. We look forward to serving you soon.