Virginia Truck Insurance

VA License #: 150810

Virginia Beach • Norfolk • Chesapeake • Newport News • Arlington • Richmond • Alexandria • Roanoke

Truck Insurance in Virginia

Virginia law requires truck drivers to carry a liability insurance policy. The amount you need depends on the type of freight you carry, the size of your truck, and whether you are traveling within the state or across state lines.

Here are some of the minimum liability insurance requirements for intrastate drivers:

  • $750,000 for general freight
  • $1,000,000 for oil transport
  • $5,000,000 for hazmat
  • $300,000 for household goods

Additionally, cargo insurance is required at $50,000 per vehicle or $50,000 per catastrophe for all carriers. Interstate truck drivers must follow Virginia laws as well as the DOT truck insurance requirements from the FMCSA.

Why do I need Virginia Trucking Insurance?

Beyond being a legal requirement, insuring your drivers and trucks protects your company from major financial burdens. Here are the average costs of different types of road accidents:

  • The average cost of all large truck crashes is $91,000.
  • The average cost of a crash with injuries is $200,000 (and that average only increases based on the severity of the crash).
  • If fatalities are involved, a crash can cost $1,000,000 or more.

Luckily, physical damage coverage protects you from losses, especially when a truck is put out of commission. But because trucking insurance rates continue to rise, you must be informed about what minimums are required and your options.

  • Truck Liability Coverage

    In the state of Virginia, all commercial trucks are required by law to hold a minimum level of liability insurance.

  • Physical Damage Coverage

    Physical damage coverage protects your trucking business from losses, especially if one of your trucks out of commission due to an accident.

  • Motor Truck Cargo

    Motor Truck Cargo coverage is necessary to properly insure the commodities they are hauling. The party that owns the cargo that you are transporting typically requires you to have this coverage. Depending on the type of cargo, you may need specific endorsements.

  • Truckers General Liability

    Truckers GL is designed to protect your business from damage that might occur when you are not behind the wheel of your truck.

Why Should I use an Independent Insurance Agent?

Find Insurance Programs Specific to Your Needs

Virginia truck insurance requirements are a lot to keep track of, and that’s where an independent insurance agent can help. At TIS, we can help you find an insurance program that caters to your specific needs and budget, be prepared for any emergency, and stay compliant.

When your insurance program is customized to your needs, it saves you both time and money. Instead of looking for better insurance, you can focus on driving profit. As experts in the trucking industry, we at TIS provide market access to numerous specialty truck insurance programs, so you can find a program that meets your specific needs:

Instant Certificates of Insurance with our Mobile App

On top of being customized for what you need, insurance also needs to be there when you need it. Our mobile app is available 24/7 to issue your certificate of insurance. Instead of waiting for your insurance agent to get back to you as you’re dealing with the unexpected in the middle of the night, you can quickly get your emergency taken care of.

Get Assistance with your Virginia Truck Permits & Filings

Compliance is another crucial aspect of insurance. Staying compliant can be tricky, but missing anything is costly. TIS agents work with you to ensure your Virginia trucking permits are up to date. Our permit department is comfortable with all things Virginia truck insurance, and we are constantly watching the system so we can keep you informed of all changes made to laws and regulations.

As an independent brokerage, TIS has access to almost every carrier. Whatever trucks you’re driving, we can match you with the right carrier for your business. Contact us today to learn more.

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