Trucking insurance is one of the largest expenses for owner-operators and fleets, but the good news is there are proven strategies to lower your trucking insurance premiums without sacrificing coverage. At Logrock, we work with truckers every day to help them save money and stay compliant.
Below are 10 actionable ways to reduce your commercial trucking insurance costs, plus a helpful chart that shows where your premium dollars actually go.
1. Shop Around and Compare Trucking Insurance Quotes
Not all carriers price policies the same way. By using Logrock’s easy trucking insurance application, you can fill out one form and compare multiple trucking insurance quotes at once. This ensures you’re getting the most competitive rate.
2. Maintain a Clean Driving Record
Your drivers’ safety records have a huge impact on premiums. One violation can increase costs significantly. Prioritize safety training and continuous monitoring to maintain low-risk profiles. Also consider legal representation for all violations, accidents, and failed inspections or audits.
3. Increase Your Deductible (If You Can Afford It)
Choosing a higher deductible can lower your premium, but make sure your business can handle the out-of-pocket costs in the event of a claim.
4. Leverage Telematics and GPS Tracking
Many insurers now offer discounts for trucking companies using GPS tracking, dash cams, or telematics devices (ELD’s). These tools show that your company is serious about safety and help lower risk.
5. Pay Your Premium in Full
If possible, pay your trucking insurance premium annually instead of monthly. Most insurance carriers offer a pay-in-full discount.
6. Reduce Unnecessary Coverage
Review your policy with a trusted agent to ensure you’re not over-insured. For example, if you don’t haul hazardous materials, you might not need high-limit hazmat coverage.
7. Improve Your CSA Scores
Your FMCSA Compliance, Safety, and Accountability (CSA) scores can affect how insurers view your risk. Better scores can lead to lower premiums. Review every failed inspection and consider filing DataQ’s when you feel that an inspection was inaccurate.
8. Secure Your Trucks and Yard
Parking trucks in a gated lot, installing anti-theft devices, and adding alarm systems can reduce risk—and your insurance cost.
9. Hire Experienced, Low-Risk Drivers
Drivers with fewer than two years of CDL experience are often considered higher risk. Hiring experienced drivers with clean records can help keep premiums down. It’s also important to keep your drivers. Underwriters often view high driver turnover as a sign of poor management.
10. Work With a Trucking Insurance Specialist
A generic agent may not understand the unique needs of trucking businesses. At Logrock, we specialize in commercial trucking insurance, which means we know where the discounts are and how to position your business for the best rates.
Where Does Your Premium Go?
Below is a simple breakdown of where your trucking insurance premium dollars are typically allocated:
| Cost Area | Percentage of Premium |
| Liability Coverage | 40% |
| Physical Damage | 30% |
| Cargo Coverage | 15% |
| Other Endorsements | 10% |
| Taxes & Fees | 5% |
(Source: National Association of Insurance Commissioners, 2024)
Ready to Start Saving?
At Logrock, we make it simple to compare truck insurance quotes with one easy application. By following the tips above, you could save hundreds (or even thousands) on your trucking insurance premiums every year.
👉 Get your free trucking insurance quote now
Sources:
National Association of Insurance Commissioners (NAIC). “Trucking Insurance Premiums: Cost Allocation and Market Trends.” Published 2024. Available at: https://www.naic.org
