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Risky Business

Which States have the Best Rates for Truck Insurance

By Shelly Benisch
Posted Oct 17th 2016 11:05AM

One of the most common questions I get is “Which state is the cheapest for Truck Insurance?  Here is *Progressive’s take on average per year insurance rates for a new start up with a Tractor Trailer.  Some states are quite surprising, don’t you think?

 

State With USDOT Filing Without USDOT Filing
Alabama $14,216 $10,284
Alaska $9,326 $6,915
Arizona $11,797 $6,102
Arkansas $14,922 $10,973
California $14,041 $11,834
Colorado $12,110 $7,294
Connecticut $17,004 $16,946
Delaware $19,670 $17,351
Florida $19,480 $12,872
Georgia $20,641 $15,200
Idaho $9,008 $6,887
Illinois $13,781 $7,704
Indiana $11,141 $8,430
Iowa $8,866 $5,615
Kansas $10,160 $6,645
Kentucky $15,500 $11,555
Louisiana $23,453 $19,736
Maine $13,763 $9,535
Maryland $16,056 $11,112
Massachusetts $17,017 $5,447
Michigan $13,793 $8,910
Minnesota $12,820 $9,669
Mississippi $4,664 $3,552
Missouri $11,757 $7,646
Montana $9,492 $6,501
Nebraska $8,664 $6,259
Nevada $16,912 $10,681
New Hampshire $11,390 $6,817
New Jersey $20,255 $20,763
New Mexico $9,738 $7,298
New York $16,949 $17,585
North Carolina $10,630 $7,450
North Dakota $9,206 $6,456
Ohio $9,933 $7,094
Oklahoma $13,383 $9,376
Oregon $11,272 $8,484
Pennsylvania $12,470 $7,536
Rhode Island $17,220 $14,046
South Carolina $13,376 $9,390
South Dakota $9,013 $6,689
Tennessee $13,773 $9,592
Texas $14,497 $10,533
Utah $11,110 $9,121
Vermont $9,643 $6,937
Virginia $13,119 $9,957
Washington $12,706 $8,484
West Virginia $14,638 $11,687
Wisconsin $9,231 $6,714
Wyoming $7,149 $4,927

 

*These rates were based on a 40 year old driver with clean MVR and median insurance credit score, an 8 year old $40K tractor and $22K trailer with $1 Million Primary Liability and $1,000 deductibles for Comp and Collision.

These average rates are based on "new startups" as Progressive is one of the few insurance providers who insure brand new trucking companies.  Significant discounts through Progressive and all insurance providers are available when you have some experience on the road.

Whether you’re a new Motor Carrier or existing Independent Contractor, TRS Transportation Risk Specialists have the key to safely guide you for insurance advice...and your success in trucking.

Shelly Benisch, TRS, CIC

Commercial Insurance Solutions, Inc. (CIS)

https://www.linkedin.com/in/shellybenisch

http://commercialinssolutions.com/blog/

Shelly@myCISagent.com  

 

 <a href="http://www.freepik.com/free-photos-vectors/map">Map vector designed by Freepik</a>

1 Comment

  • teamcaffee - October 18, 2016
    Shelly what does it mean with or without USDOT Filing?

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