If you need to drive a commercial truck for a short period of time, you may be wondering, “What is temporary commercial truck insurance?”
The answer is simple and straightforward: Temporary commercial truck insurance provides coverage for your vehicle over a shorter period of time than regular insurance. It may be used to cover one-time deliveries, short-term hires, seasonal deliveries, and test drives — anything that requires the use of a commercial truck but doesn’t require long-term coverage.
We’re here to tell you all about temporary commercial truck insurance and why it could be essential for your business. In this article, we’ll break down the types of temporary commercial truck insurance available, the different features and benefits each type offers, how to go about getting it, and how much it costs. By the end of this article, you will have more insight into if and when you should purchase temporary commercial truck insurance for your business needs.
Overview of Temporary Commercial Truck Insurance
Are you in need of commercial truck insurance for a short period of time? You’re in luck—temporary commercial truck insurance is here to save the day. This type of insurance policy can be used when you need to move a vehicle from point A to point B, but you don’t necessarily need coverage for an extended period of time.
Whether you’re renting a truck or leasing one, short-term truck insurance policies typically last 1-4 days. It’s important to note that this type of policy will not come with coverage for any cargo that’s on board the vehicle—for that, you’ll need any other type of additional coverage.
This type of insurance is not only necessary and required by law but important for drivers who are looking for some extra protection against accidental damage or loss while shipping goods or transferring vehicles from one place to another. So if you have a temporary need, make sure to look into temporary commercial truck insurance—it might just be the right fit!
Types of Coverage Options
When it comes to temporary commercial truck insurance, there are a few types of coverage options you should consider. Collision and comprehensive coverage will generally cover most damages resulting from an accident. This includes both damage to your truck and damage to other property.
You’ll also need primary liability coverage, which helps protect you in the event that you’re responsible for an accident. And if your truck causes injury or physical damage, general liability coverage will help cover any legal fees or settlements.
Finally, motor truck general liability insurance and non-trucking liability (or “bobtail”) insurance are two important pieces of temporary commercial truck insurance you’ll want to look into. Motor truck general liability helps cover medical expenses for injuries suffered by third parties in an accident involving your truck, and Bobtail insurance covers expenses when the truck is being used for personal use—even when it’s not connected to a trailer.
Benefits to Obtaining Temporary Insurance Coverage
Temporary commercial truck insurance is perfect for businesses that need to cover a truck on an as-needed basis. It’s fast, flexible and offers coverage for even the shortest periods of time. Plus, compared to long-term insurance policies, temporary commercial truck insurance comes with lower deductibles or co-pays.
Easy Application Process
Getting temporary truck coverage couldn’t be easier. Generally, you’ll just have to provide basic information about the driver and vehicle, including vehicle make and model, mileage and location — then compile any additional documents required by the insurer (e.g., financial records or driver’s license) and your policy will be ready in no time!
The best part? You can get coverage in as little as 24 hours! In some cases, depending on the state that you live in, you can even get same day coverage — so if you have an urgent need for a truck to be insured for a temporary purpose, you’re covered!
Overall, anyone who needs a truck insured quickly and without hassle should look into temporary commercial truck insurance. With its fast application process and low deductibles/co-pays, it’s the perfect solution to help keep your business safe while keeping expenses low.
How to Get the Best Price for Temporary Commercial Truck Insurance
Getting the best price for temporary commercial truck insurance depends on a few factors, and Thimble can help you save some cash.
First off, the average cost of short-term truck insurance is anywhere from $150-$250 for the first day and $100-$150 for each subsequent day. That cost can add up quickly—but Thimble has you covered. We offer very cheap rates for temporary non trucking liability insurance with instant coverage—as low as $29 to $50 per month, depending on the state you’re in. That’s a lot cheaper than if you were to purchase a full policy from another insurer.
Using Thimble also means that you don’t have to pay more money to get additional coverage added—it’s already included. Plus, Thimble makes it easy to switch your coverage once your next job comes in!
What to Look for When Comparing Plans
When choosing temporary commercial truck insurance, it’s important to know what plan best fits your needs. Different policies provide different levels of coverage, so it pays to shop around and compare policies.
Here are a few things to look for when comparing plans:
Insurer Market Share
Who’s backing your policy? Progressive has the largest market share among U.S. commercial insurance carriers, making them the leading provider of commercial trucking insurance in the United States.
Cost is an important factor when looking for commercial truck insurance. How much will you pay per month? Mississippi owner-operators pay the lowest commercial trucking insurance rates, at an average of $703 per month for specialty truckers and $1,118 for transport truckers.
In addition to cost, look into how much coverage the plan provides and what’s included in that coverage. A basic policy includes liability coverage and physical damage coverage; however, depending on your particular needs you may want to consider optional coverages such as uninsured/underinsured motorist bodily injury coverage and Bobtail Coverage (non-trucking liability).
Tips for Getting the Most From Your Temporary Commercial Truck Insurance
Maybe you’ve already heard of temporary commercial truck insurance but weren’t sure how to get the most out of it. Here are some tips to help you navigate this product:
Temporary Commercial Truck Insurance typically provides liability-only coverage. That means, in case of an accident, your equipment and cargo won’t be covered. But don’t worry—you can tailor your coverage to fit your business needs, whether it’s for one truck or fifty trucks, for 5 days or 10 days.
If you don’t plan on using the vehicle often and want a cheaper option, try usage-based coverage. This type of insurance is great for those who only use their vehicles a few times a year; it allows you to pay only for the time and mileage you use.
If you’re in need of multiple types of commercial truck insurance, consider bundling them together when purchasing a policy. Bundle options include physical damage coverage, cargo coverage, and even liability-only policies; all at discounted prices.
By following these tips, you can make sure that you get the most out of your temporary commercial truck insurance policy.
In summary, temporary commercial truck insurance is a great solution for truckers who may not need permanent coverage or who need to move their vehicle from one location to another. Whether you are looking for short-term insurance for a single trip or an ongoing policy, you can find a policy that fits your needs.
Make sure to understand the requirements for your policy and ask any questions you may have before signing. Having the right coverage in place can help ensure that you can safely transport your load and protect yourself financially. Don’t hesitate to contact an insurance representative if you need help selecting the right coverage.