FC
Full CoverageTruck Insurance
Semi-Truck & Tractor-Trailer Insurance

Semi-Truck & Tractor-Trailer Insurance Cost

Average semi-truck & tractor-trailer insurance costs $950/month ($11,400/year) in 2026. Rates range from $8,000 to $18,000 annually depending on experience, cargo, and operating radius.

Average Monthly
$950
Average Annual
$11,400
Range
$8,000–$18,000

Cost by Operator Profile

Operator ProfileAnnual CostMonthly Cost
New authority (under 1 year), clean MVR$14,000–$18,000$1,170–$1,500
1–2 years experience, 1 minor violation$10,500–$13,500$875–$1,125
3–5 years experience, clean MVR$8,500–$11,000$710–$920
10+ years, safety programs, clean MVR$8,000–$9,500$665–$790

What You Pay For: Cost Breakdown by Coverage

A semi-truck & tractor-trailer insurance package bundles multiple coverages. Here is how the average $11,400/year premium breaks down by line of business:

Primary Liability ($1M)
$4,500–$7,500
Physical Damage (Comp + Collision)
$2,000–$4,500
Motor Truck Cargo ($100K)
$600–$1,200
Non-Trucking Liability
$300–$500
Medical Payments ($5K)
$150–$250

7 Factors That Determine Your Rate

Radius of operation
Long-haul (500+ mi) costs 25–40% more than local (under 100 mi)
Authority age
New authority (under 2 yr) costs 30–50% more than 5+ year carriers
Driver MVR
Each at-fault accident adds 15–30%; DUI or reckless can double rates
Cargo type
Hazmat +40–60%; auto hauling +20–30%; general freight baseline
State of domicile
CA, FL, NJ, TX are 10–25% above national average
Physical damage deductible
Moving from $1,000 to $2,500 deductible saves 8–12%
Fleet size
Fleet of 10+ trucks gets 10–20% per-unit discount vs single-truck rates

How Semi-Truck & Tractor-Trailer Insurance Cost Varies by State

Semi-truck rates vary widely by state. California, Florida, New Jersey, and Texas run 10–25% above national average due to litigation and accident frequency. Midwest states (IN, IA, OH) are typically 5–15% below average. The lowest-cost states for OTR operations are generally Montana, Wyoming, and the Dakotas.

See state-by-state truck insurance pricing β†’

How to Lower Your Semi-Truck & Tractor-Trailer Insurance Cost

  • Increase your physical damage deductible to $2,500 β€” saves 8–12% without materially changing claim outcomes
  • Install an ELD with dash cam β€” many carriers offer 5–15% discount
  • Bundle auto liability, physical damage, cargo, and GL with one carrier
  • Keep MVR clean for 3+ years β€” biggest single rating factor on renewal
  • Avoid gaps in coverage β€” even 1 day without insurance flags you as higher risk
  • Consider per-mile or per-load programs if your operation is seasonal

Get Your Semi-Truck & Tractor-Trailer Insurance Quote

Your quote depends on your exact operation. We compare 30+ A-rated carriers to find your best rate in minutes β€” your FMCSA data pre-fills 80% of the application.

Get a Free QuoteCall 317-427-5599