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Monday, September 16 2019
Semi Truck Insurance is a Complex Equation

Orlando, Fla.—Insurance is one of the largest fixed expenses that a trucker or trucking company needs to deal with. All individuals and companies need to revisit recurrently, at least annually, to make sure all business needs are being met.

There are various factors that may affect insurance costs. Among them, driving records, age of the driver, age of equipment, commodities hauled, radius, vehicle location, loss history, years in business and many others.

The term semi truck insurance is often called owner-operator truck insurance. It consists of a combination of policies for commercial truck drivers to cover their legal liabilities in different situations, such as hauling cargo or non-business driving.

FACT: Did you know the annual cost of truck insurance ranges between $8,000 and $12,500?

People who own and operate their own trucking businesses need truck insurance, but the way truck insurance policies work depends on whether they operate under their own authority or lease through a carrier. Some carriers may provide liability coverage for truckers working under permanent lease, but in the other hand,  truckers who work  who are self employed —need to get insurance coverage that is appropriate for their type of business. An owner operator under permanent lease with a motor carrier, typically has some insurance needs covered by the motor carrier. The insurance costs for this driver are usually lower compared to an owner operator working on their own.

The following are a few of the many carriers we represent at Orlando Truck Insurance.


Known as the #1 Truck Insurer in America, they offer specialized truck insurance coverages designed for professional truck drivers.


Whether you are a trucker transporting goods across the country, or a local plumber, electrician or handyman, their experience and knowledge about transportation coverages, auto liability filings and class-specific exposures allows them to offer exceptional service and products.


Northland Insurance is one of the longest tenured truck insurance carriers for commercial trucking and public transportation companies in business for 70+ years.

ALLIED (A Nationwide Company)

The #1 farm & ranch insurer with agricultural heritage. Also, a reputable Fortune 100 company with an A+ from A.M. Best, an A1 from Moody’s and an A+ from Standard & Poor’s.


Foremost has more than 55 years of excellence in specialized insurance in Luxury Motor Coach insurance policies. Highly trained and knowledgeable product managers and specialty claims personnel.

Some of the factors that can affect your semi truck insurance cost:

Who Owns the Truck: As mentioned before, owner-operators on a permanent lease,  will get your public liability covered by the motor carrier, thus reducing your overall insurance costs.

Type of Cargo type: If you’re hauling hazardous materials like fuel you can expect higher insurance costos due to an increased risk.

Weight of freight: Heavier loads oftentimes translate into higher premiums.

Time on the road:  Driving more hours make you more vulnerable to accidents, and so the impact on your premium.

Vehicle value: Physical damage premiums are a percentage of the truck’s value, and it’s simple math.

Credit history: It is no secret that insurers in the state of Florida, legally check credit scores and history. Poor credit reports can be an indication that you may represent more risk.

Loss history: Insurance companies often decrease premiums for truckers who file few claims.

CDL experience: Being an experienced commercial vehicle driver may represent less risk to an insurance company, so your premium may cost less.

A balanced equation: Higher deductibles mean lower premiums. If you can pay more now on your premium, you pay less deductible then, at the time of filing a claim.

Coverage limits: Accuracy in estimating possible loss can really make or break your figures. High limits translates into higher premiums because the insurance company will want re-cover their potential loss.

If you have questions don’t hesitate to contact one of our truck insurance specialists at Orlando Truck Insurance.

Oscar Pacheco 
Licensed Agent
Email Oscar
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Orlando Truck Insurance

9601 Recycle Center Rd

Orlando, Fl 32824

Phone: (407) 203-7085
Fax: (321) 251-7720

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Orlando Truck Insurance offer Truck Insurance for the following operations: Agricultural Haulers, Auto Haulers, Bulk Hoppers, Dry Vans, Dirt/Sand/Gravel, Flat Bed, Grain Haulers, Heavy Haulers, Hazmat, Hotshot. Intermodal, Livestock / Cattle, Loggers, LTL, Milk Haulers, Oilfield, Refrigerated Goods, Steel Haulers, Tankers, Towing, Local, Long-haul, Intermediate

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Insurance is offered by Garzor Insurance and/or its affiliates, with their principal place of business at 4369 Hunters Park Lane, Orlando Fl 32837. This website provides a simplified description of Insurance Products. Nothing stated herein creates a contract. All statements made are subject to the provisions, exclusions, conditions and limitations of the applicable insurance policy. Please refer to actual policy forms for complete details regarding the coverage discussed. If the information in these materials conflicts with the policy language that it describes, the policy language prevails. Coverages and features not available in all states. Eligibility is subject to meeting applicable underwriting criteria.

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