Core Tow Truck Coverage
Primary liability coverage, bodily injury, property damage, medical payments.
Enhanced Protection Options
Physical damage, collision, comprehensive, unisured motorists.
Tow Truck-Specific Coverage
On-hook towing, garage keepers insurance.
Royalty Truck Insurance agents can help you reduce your premiums and get high quality coverage for your tow trucks or business that either garages or transports customer vehicles.
Royalty offers tow truck insurance from A-rated providers around the United States and can help you get covered at low rates, even with prior loss.
Lower Your Tow Truck Insurance Cost
Royalty Truck Insurance agents are licensed and certified throughout the country and can optimize your policy to the coverage levels required by your state. Our agents can also help you pick the best policies for your business. We’ve covered independent tow truck drivers, small business tow truck companies, large garages and even non-towing businesses like mechanics and car dealerships that utilize towing vehicles intermittently.
Our agents can also help towing businesses save on their premiums by bundling insurance policies for their other commercial vehicles and business operations.
Tow Truck Insurance Coverage
There are a few insurance coverages specific to tow trucks that most states will require for operation. These include garage keepers insurance and on-hook towing. You can choose to add on to your minimal required coverage in order to protect against damage to your own towing vehicles regardless of fault.
Garage keepers insurance provides protection for customer’s vehicles should anything occur while they are parked in your auto repair shop, garage, or stored anywhere on your business property. If any customer vehicle should get damaged during specified business operations, this coverage protects the policyholder from liability.
On-hook towing provides insurance coverage if an accident or damage occurs to customer’s vehicles while in tow. Policy holders are protected from costs associated with damaged customer vehicles during normal tow truck business operations.
Tow Truck Insurance Coverage Map by State
Royalty is currently licensed to sell and bind commercial tow truck insurance policies in all of the orange states in the map below. We’re experts on proper state filings and coverage regulations. Hover over a state on the interactive map below to see its specific filings, or click any orange state for more info on tow truck insurance coverage in your area!
Under the Hood: More About your Policies Specific Insurance for Tow Trucks
Check out some more info about specific coverages that might be included in your tow truck insurance policy.
Primary liability is the root coverage of any vehicular insurance policy and the core coverage required by the FMCSA in order to legally operate. It’s insurance that protects against loss from legal liability for bodily injury or property damage to another party involved in an accident or claim. The FMCSA requires a minimum of %750,000 in coverage, but in our experience most customers ask for a minimum of $1 million in order to satisfy common shipper
Motor truck cargo is insurance for hauled goods or freight. It protects against loss from legal liability for damaged merchandise while in the insured party’s possession during the course of transit. Motor truck cargo can prevent against loss from accident, or equipment failure like refrigeration system malfunctions for perishable goods like produce. Limits can be adjusted in a wide range to optimized for regularly hauled freight.
Physical damage is coverage you want included in your policy if you want to protect your own vehicle from loss or damage caused by things like accidents, fire, theft or vandalism. Tractors and trailers require separate coverage in the commercial trucking industry since trailers so often change hands, but if you insure both your tractor and trailer and they are involved in the same accident, you may only be required to pay 1 deductible for the claim.
Commercial general liability insurance is core coverage for your business, insuring against legal liability for bodily injury or property damage another party might claim that occurs on your premises, or as a result of your products, services and other basic operations of your business. Small business trucking companies can save by bundling general liability with their vehicle or vehicles’ policies.
Passenger accident coverage insures against medical expenses for guest passengers (who aren’t co-drivers) who are present in the event of an accident. Passenger accident also covers against fatalities and dismemberment. Exclusions and age limitations may apply to this coverage, depending on provider.