Why Trucking Insurance Premiums Keep Rising and What You Can Do
Progressive underwriter says clean operating records and dashcam data cut premiums more than shopping carriers after a loss. Cargo coverage gaps can cost you…
#Trucking Insurance
4 posts tagged with this topic.
Knight-Swift's Iron Insurance Lost $130M Before Regulators Noticed
Telematics-for-coverage program wrote policies on thousands of new entrants during 2021-2022 freight boom. Premium collection collapsed when rates turned.…
Why Your Trucking Insurance Went Up While Crashes Went Down
Insurers lost $4.9 billion on commercial auto in 2024, the 14th straight year of losses. Premiums climbed 38% since 2015 even as crash rates fell 2.6%.
Why Trucking Insurance Costs Keep Rising Despite Static Coverage Rules
Nuclear verdicts jumped 52% in 2024 while federal minimum coverage hasn't budged since 1985, leaving carriers exposed and insurers with pricing leverage.