Owner Operator Insurance Pennsylvania
Pennsylvania Owner Operator Insurance for New Ventures or Well-Established Truckers.
If you need Owner Operator Insurance in Pennsylvania, you have found the right website!
Pathway Insurance is a leading independent insurance agency offering great rates for individual owner-operators and trucking companies with fleets of vehicles.
To start the quote process, please call 1-800-998-0662, or if it is more convenient, send a text to 513-662-7000. Additionally, you can chat with a live agent seven days per week using our online chat system, or if it is simply more convenient, send us a quote request using the link you see listed below:
If you have at least three years of continuous trucking insurance with a good loss history, you will pay the least amount of money on your insurance.
If you are a new venture, you will pay more than an experienced motor carrier.
What Company Offers the Best Insurance for Semi Truck Drivers in Pennsylvania?
First of all, there isn’t a large pool of companies to choose from. Trucking Insurance is a risky proposition for insurers with the potential to pay out significant claim amounts in the event of a severe accident. Therefore, few companies offer insurance for semi-truck drivers in Pennsylvania and throughout the country.
Well-known companies such as State Farm, Allstate, Liberty Mutual, Farmers, or GEICO would never sell semi-truck insurance as this exceeds their underwriting desire.
Some of the best semi-truck insurance companies are relatively unknown to the general public. However, you want to keep this in mind as you are shopping around — There isn’t a single insurer that can claim to offer the best rates for semi-truck drivers for the following reasons:
Premium rates are compiled based on a large number of factors, including but not limited to past claims experience, your credit score (some insurers will run a credit check where allowed by law), underwriting criteria (some carriers will not offer a policy unless you have had three years of continuous commercial truck insurance with acceptable loss and driving history activity) your location, your cargo, your radius of operation, the age of the drivers operating your trucks, how many years drivers have had their CDL, out of service scores, motor vehicle reports, your fuel reports, if you have run a similar motor carrier under a different name in the last 5 years, the loss experience for the state, the regulatory laws (no-fault states are typically more expensive for truckers) and sometimes the factors are more localized such as if the carrier is in growth mode (willing to offer extra discounts) or they are in profitability mode (losses have been more than expected and credits are prohibited)
For this reason, it is essential to work with a company like Pathway Insurance as we have access to many insurers offering Insurance for Owner Operators in Pennsylvania.
Other Factors that Affect Pricing for Commercial Truck Insurance.
The insurer offering cheap rates today on Pennsylvania Owner Operator Insurance may be the most expensive in six months if their claims activity exceeds a designated profitability level set by the executive team with the insurer.
It would help if you kept in mind that insurance companies are no different than other for-profit businesses. They are in business to make money — if the company pays out more money in claim payments than what is collected in premiums charged, the insurer will be quickly out of business.
Therefore, the best insurance company for you personally is the one that most closely aligns with your circumstances. An agent from our brokerage can help you find the right insurance plan for your needs.
Need Semi Truck Insurance Pennsylvania Quotes?
Call the agents of Pathway Insurance today by dialing 800-998-0662, or if it is more convenient, send us a text message to 513-662-7000, chat with us online, or send a quote request 24/7 by choosing the below link:
- Pennsylvania Semi Truck Insurance Quotes