Are you searching for a New Jersey Commercial Truck Insurance Quote? How about 3 quotes?
Compare Truck Insurance Quotes
To get the best deal on your semi truck insurance you need to shop around. Let us help by bringing you three New Jersey Truck Insurance Agents that will compete for your business.
Just fill out our short online form and you’ll get three competitive quotes from three top agents in NJ. Simple!
How Much Does Truck Insurance Cost In New Jersey?
The average cost for commercial truck insurance in NJ is $14,827.
Most premiums range from $12,260 to $16,176.
These cost estimates are based on truckers with one truck operations who need insurance for liability, cargo and physical damage. There are lots of things that drive the cost such as: what you are hauling, your driving history, and how long you have been in business.
2 Real Examples Of Truck Insurance Costs In NJ
1 Truck Based in Moorestown
| Experience | Less Than 2 Years |
|---|---|
| Radius | Interstate, Below 500 Miles |
| Cargo | General Freight |
| Operation | For Hire |
| Premium | $13,721/yr |
1 Truck Based in Woodbridge
| Experience | Over 3 Years |
|---|---|
| Radius | Interstate, Unlimited Miles |
| Cargo | Motor Vehicles |
| Operation | For Hire |
| Premium | $16,091/yr |
Maybe the biggest factor for what you will pay is the insurance company that you choose. For truck insurance, it’s common for prices to vary by thousands of dollars for the same trucker! We’ve seen differences that can even be over $10,000 for the same operation.
You can’t control how long you’ve been in business, but you can control what insurance company you choose.
It makes sense to compare prices. Our service makes it easy to get quotes from different companies, so you can zero in on the best coverage and cost combination for your trucking business. Compare quotes and lower your insurance costs here.
3 Truck Insurance Agents in New Jersey
You need agents that specialize in truck insurance to get the right coverage at the best price. We’ve done that and located three of the best truck insurance agents in NJ. With three agents quoting your policy you will have much broader access to the entire market of truck insurance companies. The agents will duke it out to earn your business, but only one will become the winner. Shopping for truck insurance has never been this efficient.
Don’t waste your time tracking down three agents. Instead, let them come to you. Let’s get started!
Commercial Truck Insurance Companies in New Jersey
Finding the best trucking insurance company in NJ for your outfit can save you thousands. Some of the companies with the best prices can be difficult to find though.
The companies below write 85% of the truck insurance polices in NJ.
Top 10 Truck Insurance Companies in NJ
- AmTrust
- American Millennium
- IAT Insurance Group
- Lancer
- NITIC / National Independent Truckers Insurance Co RRG
- OOIDA
- Progressive
- Sentry
- State National
- United Specialty
There are also over a dozen truck insurance carriers in NJ that have the remaining 15% marketshare.
You do have choices when it comes to insuring your truck and we can help you. It’s just a matter of smart comparison shopping to get the best price.
Compare quotes from different companies here.
Trucking Ins. Coverages
New Jersey and the FMCSA have specific insurance requirements for semis. If you have your own authority, some coverages are mandatory, like primary liability. If you are a for-hire owner operator, you may be looking for physical damage truck insurance, bobtail coverage, and non trucking liability.
No matter what type of coverage your operation needs, you’ll get quotes from three truck insurance brokers. Click on a coverage below to learn more about it, then fill out our short form to get your quotes.
New Jersey Truck Insurance Requirements
New Jersey law asks local truck drivers and new ventures to have a minimum amount of liability insurance. The amount you need depends on the type of freight you transport and where you transport it. If you don’t take your truck out of state and your truck is over 26,000 GVW, you must get an intrastate only USDOT Number and have a minimum amount of insurance:
| $750,000 | Liability Insurance (General Freight) |
| $1,000,000 | Liability Insurance (Oil Transport) |
| $5,000,000 | Liability Insurance (Hazmat) |
| $300,000 | Liability Insurance (Household Goods) |
| $5,000/vehicle and $10,000/catastrophe | Cargo Insurance (All household goods movers) |
The insurance requirements for truck drivers who travel out-of-state ask a little more. You must meet the above, and you must meet all the DOT truck insurance requirements recommended by the FMCSA. Typical federal liability limits are $750,000 or $1,000,000.
Both New Jersey and the US Department of Transportation require certain filings be submitted by your insurance agent. Your insurance company knows which forms to send, and they’ll do all the filing for you. These forms let the government know that all your semi truck insurance requirements are fulfilled. They must be received before your authority can be processed. Some common forms include:
- Form MCS-95
- Form E
- Form H
- The BMC-96
Tailored Insurance for Owner Operators in New Jersey
Whatever kind of truck you drive, we have you covered. Our agents have access to cheap truck insurance for all of the following operation types:
Handy New Jersey Trucking Resources
New Jersey Department of Transportation
New Jersey Department of Motor Vehicles
New Jersey Motor Truck Association
New Jersey Department of Insurance
Your Operation is Unique
You might be a local or a long hauler, a new venture or a hotshot. You may be a leased owner operator from Newark or a fleet manager in Paterson. Maybe you haul hazardous materials or apples. All that to say, no two trucking companies are alike. Your insurance policies need to be crafted specifically for you.
Since different truck insurance companies prefer different types of risks, it’s a good idea to shop around and find a company that is competitive with writing insurance for your specific situation. The bottom line is that you want cheap truck insurance without sacrificing coverage.
Get 3 Competitive quotes in all New Jersey cities
No matter what city you live in our network of New Jersey truck insurance brokers are ready to give you a quote. We cover all cities including…
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We also can give you multiple quotes in the neighboring states as well: PA, NY, DE
