Commercial Truck Insurance Pennsylvania

Call 1-800-998-0662 Monday through Friday 9 am to 5:30 pm when you are looking for Commercial Truck Insurance in Pennsylvania, Maryland, Ohio, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Arkansas, Missouri, Tennessee, Kentucky, Illinois, Iowa, Minnesota, Wisconsin, Michigan, Oklahoma, Texas, New Mexico, Colorado, Utah, Wyoming, or Alaska!

We offer fantastic rates for Owner Operator Insurance, Tow Truck Insurance, Hot Shot Insurance, Dump Truck Insurance, Workers Compensation Insurance in Pennsylvania, and much more.

In addition, you can request Commercial Truck Insurance Quotes by sending us a text message at 513-662-7000. You can also use our online chat system that is available up until 8 pm seven days per week, or send us a quote request by using any of the below links based in Pennsylvania and throughout the country on the type of insurance that you need:

Factors that Affect Commercial Truck Insurance Pricing in Pennsylvania and Throughout the Country.

The below list is not necessarily all of the factors that affect pricing for commercial insurance but will give you a good baseline of information on why insurance companies decline or charge more than what you might expect for Trucking Insurance.

This information will be beneficial if you are considering running under your authority for the first time.

Please feel free to scroll down the list to see examples and information if any of the below factors apply to you.

Are you a new venture?
Have you had commercial insurance for three years or longer?
How many years have you had your CDL?
What is on your driving record?
What is your out-of-service score?
Have you had any claims?
What is your credit score?
Are you starting operations with more than one truck?
Will you add more than two trucks in the next 12 months?
What type of cargo are you transporting?
What is the location of your operation?
Are all drivers licensed in Pennsylvania?
Have you owned a similar operation in the last five years?
Have you changed your DOT number and name in the last five years?
Do you have a partner?
Are you insuring all-owned commercial trucks?
Do you own more than one company associated with the transportation of goods or people?

New Venture — Commercial Truck Insurance Pennsylvania

If you are a new venture, regrettably, you will not qualify for the most competitive pricing for Commercial Trucking Insurance for the following reason:

Lack of a verifiable insurance track record to determine how you will operate.

Pennsylvania trucking insurance companies take the same approach as an insurer offering auto and homeowners’ insurance — they look at statistics, and historical claims paid.

Statistically, a new venture has the potential to become relatively unprofitable to the insurer.

For this reason, you will find few carriers willing to write a policy for new ventures. However, we at Pathway can help you find the insurance that you need.

Let us review a theoretical claims example from a new venture we will call Lucky Lou Owner Operator Inc.

Example: Lucky Lou has worked as a long-haul truck driver for the last five years for a national company, and he decides he wants to venture out under his own authority and has aspirations to add drivers and trucks.

He finds a truck to lease that is within his budget, and before signing the lease paperwork, he needs to find commercial truck insurance, so he begins to call around.

Lucky Lou speaks with ABC trucking insurance company, and they promise to get back to Lucky Lou the next day with quotes.

Next, he calls XYZ insurance agency, and they promise the same thing, they will have quotes tomorrow.

Lou calls another company named The We Do It Right Trucking Insurance Agency, Inc. They give him a price quote over the phone, and it seems like it is way out in left field to Lou. The down payment was $2,950, and the monthly was $987 per month.

Lou tells the agent: “that price seems high.” The agent named Jack takes a few minutes to explain why pricing is more for new venture truckers. Jack tells Lou that he’s been selling trucking insurance for many years, and he guarantees Lou this will be the best price he will find because he’s a new venture.

Lou thinks the agent is trying to rip him off, so he rudely hangs the phone up on Jack.

Lou calls another four agents and can’t seem to get anybody to answer the telephone or give him a quote other than the agent from The We Do It Right Trucking Insurance Agency, Inc. that he hung the phone up on.

The next day arrives and comes without a phone call, text or email from any agents he called.

The next day, Lou is getting a bit antsy — agents are not calling him back as they promised.

On the third day, at around 9:00 am, Lou calls the first agency, ABC trucking, and needs to leave a message because no one answers the phone. Lou next calls XYZ insurance, and the agent he had spoken to is out sick. Lou asks if anyone else can help him with his quotes, and he’s told that the agent he has spoken with is the only person who handles trucking at the office.

Lou leaves messages with the other four agents and starts to wonder if he can even get an insurance quote.

Eight days later, the sick agent from XYZ insurance finally calls Lou back, apologizing profusely, and tells him he’s got good news.

“Ok, Lou, this is your lucky day, my friend. I can get a policy started for you today, the down payment is $7,857, and your monthly will be $3,972. Did you want to swing by my office with a check, or would you prefer a credit card payment?”

Lou doesn’t even know what to say, the other agent whom he had rudely hung up the phone on told Lou the price he gave him would be the best price he would be able to find.

Sure enough, Jack over at The We Do It Right Trucking Insurance Agency, Inc. was right as Lou would discover over the next three days as agents slowly began to call him back to let him know their prices for Pennsylvania Truck Insurance.

Lou decides to eat some humble pie and calls Jack to start up his insurance policy and apologize, making an excuse he got disconnected by accident.

Lou makes his down payment on the insurance and picks up his newly leased truck the next day.

Three weeks later, all of his paperwork is in order, and his MC authority is active, and Lou is ready to start making money.

The very first load Lou picks up is to be delivered to Atlanta. Twenty-five miles outside of Atlanta at 2:00 am, Lou falls asleep for only a moment as he is driving his truck, and he wipes out a minivan of travelers heading south on vacation.

Lou made his initial down payment of $2,950, and before he even made his first monthly payment, Lou’s insurance company paid a $1 million claim because of the accident Lou caused.

The insurance company collected less than $3,000 and paid out over $1 million, including defense costs for Lou.

While it is true, a claim like this could happen to even a seasoned trucker with years of insurance. There is a good reason why Pennsylvania trucking insurance companies do not offer the same premium rates for someone with a good claim track record versus a new venture with no track record.

Let us now review information for those who have more than three years of experience as truckers. Click on Pennsylvania Truck Insurance Rates with more than three years’ experience.

Commercial Truck Insurance Pennsylvania — Call Pathway for Great Rates and Options!

When you need great options on Commercial Truck Insurance in Pennsylvania, there is one name you can trust!

Pathway Insurance can help you no matter if you need Owner Operator Insurance, Tow Truck Insurance, Hotshot Insurance, Dump Truck Insurance, or Workers Compensation Insurance in Pennsylvania and the surrounding states.

Please call our toll-free number by dialing 1-800-998-0662, send us a text message at 513-662-7000, use our online chat system — available seven days per week, or send us a quote request by using any of the links that you see below: