Towing Business Insurance
Towing Business Insurance Quotes
Coverage for tow truck owner operators and fleet operations
On-hook liability limits, repo work endorsements, garage keepers’ coverage for vehicle storage. And that’s only part of it. Each state has different requirements and liability limits for different categories of on-hook tows.
Tow operations are complicated risks to insure, and that’s why towing businesses trust agents at Insuremart. They won’t make you love insurance, but you will get quality insurance for your towing business and the best rates available from our massive market. Sounds like the perfect time to talk with one of our agents.
Insuremart has direct access to
over
100
insurance carriers
Nobody can sell for less, and we work for you.
Towing businesses are surrounded by risks and unique situations. That’s why they choose Insuremart for their insurance coverage.
What insurance coverage do towing businesses need? What about limits?
In addition to commercial auto and general liability coverage, a typical towing business insurance package may include:
On-hook coverage – this will provide coverage for the vehicle in-tow. Limits will be in the $50,000 range, but higher limits are recommended for those who pull higher-valued vehicles. Minimum requirements vary by state.
Garage Keepers coverage – Storing vehicles is another risk. This coverage can provide comprehensive coverage for vehicles stored on your property. Storage buildings would require additional commercial property coverage.
Cargo insurance – Cargo is needed for those operations that tow vehicles containing valuable cargo.
Our agents will find what’s available for your operation and provide policy options and guidance on requirements.
How much does towing business insurance cost?
Good to know: Insuremart works with over 100 insurance carriers. Nothing gives you an advantage when buying Towing Business insurance — or any insurance — like a great agent and more options. Talk to our agents.
There are numerous variables to determine rates. In fact, it would be difficult to find two towing companies that pay the same premium.
Generally, a smaller operation could start in $5,000 per year range for general liability, on-hook, and garage keepers’ coverage. Add in a repo endorsement and that premium would increase in the 20% range to $6,000 per year. Include a few more rigs and operators and you could be somewhere in the $25,000 per year range. We suggest you follow this good advice:
Get a Towing Business Insurance quote from Insuremart right now. Our agents are ready to help.