{"id":2752,"date":"2018-02-28T10:33:39","date_gmt":"2018-02-28T15:33:39","guid":{"rendered":"https:\/\/www.alltruckjobs.com\/blog\/?p=2752"},"modified":"2021-07-13T12:46:11","modified_gmt":"2021-07-13T16:46:11","slug":"owner-operator-insurance-guide-truckers","status":"publish","type":"post","link":"https:\/\/www.alltruckjobs.com\/blog\/owner-operator-insurance-guide-truckers\/","title":{"rendered":"Owner Operator Insurance Guide For Truckers"},"content":{"rendered":"\n\n
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There\u2019s nothing like hittin\u2019 the road in your rig on a beautiful day. You might have the windows down, the radio on, and you\u2019re making great time. This seems great, right? Did you know there\u2019s one thing that could make the trip even better? Your very own rig! That\u2019s right, an owner operator job provides the freedom that you get on the road, with the ability to make your own schedule and become your own boss. You might want to pump the brakes though – before you can become a certified owner operator<\/a>, you\u2019re going to need owner operator insurance first. You\u2019re in luck! Below is an owner operator insurance guide that will give you the tools you need to navigate and find the ideal policy.<\/p>\n

Owner Operator Insurance Guide<\/h2>\n

Which Truck Insurance Do I Need?<\/h3>\n

While our owner operator insurance guide can\u2019t tell you exactly what insurance you need, we can provide you with all the available options<\/a>. The amount of insurance you choose ultimately comes down to how much you\u2019re comfortable purchasing. It will also depend on what the company you\u2019re delivering for requires<\/a>. Below are the multiple insurance options in our owner operator insurance guide.<\/p>\n

Primary Liability Insurance<\/h4>\n

This is the most basic insurance policy and it is required for vehicles of all types. If you don\u2019t have this type of insurance, you probably shouldn\u2019t even be on the road.<\/p>\n

General Liability Insurance<\/h4>\n

This will cover any accidents that happen off of the road. This can include slipping and falling during your delivery.<\/p>\n

Motor Truck Cargo Insurance<\/h4>\n

This covers any damage to your cargo while it\u2019s in transit.<\/p>\n

Non-Trucking Liability Insurance<\/h4>\n

This insurance<\/a> covers any accidents you may have while driving your truck while not on a job.<\/p>\n

Medical Payments Insurance<\/h4>\n

This insurance covers any medical bills you may incur if you or your passenger is injured while in the truck. However, this insurance varies from state to state, so make sure to do all of your research.<\/p>\n

Uninsured Motorist Insurance<\/h4>\n

This will provide protection if you get in an accident with someone who does not have insurance.<\/p>\n

Trucking Umbrella Policy<\/h4>\n

Believe it or not, you might need even more insurance than stated above. An umbrella insurance policy provides excess liability coverage for anything that isn\u2019t covered.<\/p>\n

As always, this owner operator insurance guide can\u2019t tell you exactly which insurance coverage you\u2019ll need, but we can offer the various options you should consider.<\/p>\n

What About Health Insurance?<\/h3>\n

While medical payments insurance will cover some of the medical payments you might deal with, you should also have traditional health insurance. Below are just a few tips from our owner operator insurance guide to help you find the ideal health insurance plan.<\/p>\n

Check With the Company<\/h4>\n

Even though you\u2019re an owner operator, if you\u2019re leased out to a company you can often join in their insurance program. Even if the trucking company does not offer insurance to leased drivers, they still should be able to give a good recommendation, so start the conversation!<\/p>\n

Check Out OOIDA<\/h4>\n

The Owner Operator Independent Driver\u2019s Association also offers some health insurance plans for truckers. They even offer insurance rates<\/a> for things like dental and vision, so make sure to give them a look as well!<\/p>\n

Look Into Medicaid<\/h3>\n

Although the Affordable Care Act<\/a> seems like it\u2019s in jeopardy right now, our owner operator insurance guide says that this is a great option for health insurance. These policies vary by state, but depending on your income and a few other factors, Medicaid might be exactly what you need!<\/p>\n

Join a Spouse\u2019s Plan<\/h3>\n

If your loved one has insurance through his or her employer, it might be a good idea to get on that insurance plan. In many cases, the rates will be much cheaper than getting your own individual insurance.<\/p>\n

Navigating the owner operator insurance landscape can be tricky. Hopefully, our owner operator insurance guide gave you the tools and resources you need to become a successful driver. If you have any other insurance owner operator insurance tips, feel free to comment them below. If you\u2019re an owner operator looking for a trucking assignment, don\u2019t forget to check out the thousands of jobs we have to offer today!<\/a><\/p>\n

Bonus Video: Tips for Buying Your First Semi Truck<\/h2>\n