Fleet Insurance Cost Calculator — Commercial Truck Insurance Estimate

Estimate commercial trucking insurance annual premiums per truck. Primary liability, cargo insurance, physical damage, and general liability — know what to budget and when to shop your coverage.

Quick answer: Annual truck insurance per unit: Primary liability $8,000–$18,000, cargo $1,500–$4,000, physical damage $3,000–$8,000, general liability $1,000–$3,000. Total: $13,500–$33,000 per truck. Rates vary hugely by safety record, commodities, and radius.

🛡️ Fleet Insurance Cost Calculator

Number of Trucks

Operation Type

Primary Liability ($/truck/yr)

Required minimum: $750K–$1M. Most carriers: $1M.

Cargo Insurance ($/truck/yr)

Physical Damage ($/truck/yr)

Typically 3–5% of truck value per year

General Liability Annual ($)

Per fleet, not per truck

Annual Miles Per Truck

Fleet Total Annual Insurance

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Per Truck Per Year

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Insurance Cost Per Mile

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How to Use This Calculator

Enter coverage amounts per truck — from your current policy or get quotes from 3 insurance brokers specializing in trucking.
Add general liability — this covers the whole fleet, not per truck.
Enter annual miles — to calculate insurance cost per mile for rate comparison and budgeting.

Worked Example

5 OTR trucks, $12,000 liability, $2,500 cargo, $5,000 physical damage per truck, $3,500 GL. 120,000 mi/year.

Per truck: $12,000 + $2,500 + $5,000 = $19,500
Fleet total: ($19,500 × 5) + $3,500 = $101,000/yr
CPM: $19,500 ÷ 120,000 = $0.1625/mile

$101,000/year in insurance for a 5-truck fleet — about $0.16/mile. Shop your coverage annually with 3 specialty trucking insurance brokers (not general agents). Maintaining a clean safety record (CSA scores, accident history) is the most effective way to reduce premiums long-term.

Frequently Asked Questions

FMCSA minimums: Primary auto liability $750,000 for general freight, $1,000,000 for hazmat, $300,000 for non-hazmat vehicles under 10,001 lbs. Most shippers and brokers require $1M liability. Cargo insurance is contractually required by most brokers ($100,000 minimum). Physical damage and general liability are not federally required but commercially necessary.

Key levers: maintain clean CSA scores and accident-free record (largest factor), hire drivers with clean MVRs, install dashcams (many insurers offer 10–15% discount), use telematics for verified safe driving, pay annually vs monthly, increase deductibles on physical damage, bundle all coverage with one insurer, and work with a specialty trucking insurance broker who can access niche markets.