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Tow Truck Insurance: Cost & Quotes From 11

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Introduction

The insurance industry offers a plethora of options when it comes to tow truck coverage companies. However, it’s essential to find a company that can tailor insurance plans to meet your specific needs. In this article, we will explore some of the best companies offering tow truck insurance and provide insights into their pros, cons, and pricing for $1 million general liability coverage.

CoverWallet: Ideal for Comparing Wrecker Insurance Quotes Online

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Advantages:

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  • Online quote comparison platform for finding the best coverage
  • No cancellation fees
  • Flexible policy cancelation and refunds
  • Convenient online payment and proof of insurance

Cons:

  • Does not cover high-risk crane companies

CoverWallet’s custom tow truck insurance includes coverages for commercial auto, physical damage, personal injury, rental or non-owned automobile, and uninsured or underinsured motorist. What sets CoverWallet apart is its user-friendly website and mobile application, which not only offer the option to pay for insurance and obtain proof of insurance online but also provide an online quote comparison platform.

Average Cost: $440 per month

Our Rating: 10/10

Thimble: Crane Insurance with Short-term General Liability Coverage

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Advantages:

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  • Commercial insurance calculator for premium estimation
  • Short-term general liability insurance included in the wrecker insurance

Cons:

  • Claims can only be submitted online

Thimble offers custom trailer insurance that includes short-term general liability coverage. Additionally, Thimble allows towing companies to add commercial equipment and commercial auto coverage. Similar to CoverWallet, Thimble provides an online platform where you can compare quotes, make premium payments, and obtain proof of insurance.

Average Cost: $450 per month

Our Rating: 9/10

State Farm: Reliable Accident Insurance with 24/7 Emergency Road Service Coverage

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Advantages:

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  • 24/7 emergency road service coverage
  • Discounted insurance rates
  • Above-average customer satisfaction rating

Cons:

  • Limited coverage for companies that do not provide roadside assistance

State Farm offers reliable commercial trailer insurance with coverage for breakdown assistance. Their comprehensive coverage includes mechanical labor costs, towing disabled vehicles to the nearest repair station, cost of required items (gas, tire change, or battery), and locksmith labor for unlocking covered tow trucks.

Average Cost: $465.89 per month

Our Rating: 9/10

GEICO: Best Insurance Provider for Crane Businesses

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Advantages:

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  • Online claims management
  • High-level customer service
  • Insurance available in 50 states
  • Solid AM Best financial strength rating

Cons:

  • Average quote process
  • GEICO insurance app not available in all states

GEICO is the perfect insurance provider for your crane business when you need assistance. Their semi-trailer towing insurance offers convenient access to emergency roadside assistance coverage. With the GEICO mobile app, you can request assistance in just two minutes. The app also provides a service tracker, GPS locator, and other useful features.

Average Cost: $472.38 per month

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Our Rating: 8/10

USAA: Affordable Insurance for Military Service Members

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Advantages:

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  • Cheap rates and many discounts
  • Excellent choice for military service members
  • Available throughout the country
  • High rating for better financial stability

Cons:

  • Only available to military personnel and their families

USAA provides commercial auto insurance for military service members and veterans operating towing businesses. Their coverage protects against civil liability and physical damage for various vehicles. USAA has extensive experience in the insurance industry and works with professional independent insurance agents to create personalized plans based on your specific risks.

Average Cost: $485 per month

Our Rating: 6/10

Statewide: Personalized Plans with Local Insurance Agents

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Advantages:

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  • Works with local insurance agents to offer personalized plans
  • A+ AM Best financial strength rating
  • Miles-based discount policy

Cons:

  • Tends to be more expensive than other providers
  • Mixed customer testimonials

Statewide is a top insurance provider for tow truck coverage. They offer various coverage policies, including liability coverage, collision coverage, comprehensive coverage, and uninsured or underinsured motorist coverage. Statewide also provides 24-hour roadside assistance.

Average Cost: $487 per month

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Our Rating: 8/10

Progressive: Trusted Insurance Provider for High-risk Towing Businesses

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Advantages:

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  • Excellent option for high-risk towing businesses
  • Simple quote process
  • High rating for better financial stability
  • Available in over 50 states
  • Custom wrecker insurance

Cons:

  • Average customer satisfaction
  • Higher insurance costs than other companies

Progressive is a trusted insurance provider for commercial trucking and trailer companies. Their towing insurance packages provide protection against various liabilities and offer coverage for towing vehicles and garage keepers liability. Progressive’s policies cater specifically to high-risk crane owners.

Average Cost: $490 per month

Our Rating: 6/10

Nationwide: Reliable Insurance Backed by High Customer Service

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Advantages:

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  • High customer satisfaction
  • Customizable plans
  • Range of discounts
  • High AM Best financial stability

Cons:

  • Not available in all 50 states
  • Lacks industry-specific insurance coverage

Nationwide offers comprehensive tow truck insurance coverage, including liability, collision, comprehensive, medical payments, and uninsured or underinsured motorists. While their coverage is not available in all states, Nationwide provides excellent customer service and efficient claim reporting options.

Average Cost: $505 per month

Our Rating: 6/10

Liberty Mutual: Customer-focused Insurance with 24/7 Roadside Assistance Coverage

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Advantages:

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  • 24/7 roadside assistance coverage
  • Discounts available
  • Powerful digital tools

Cons:

  • Below-average claim satisfaction rating

Liberty Mutual specializes in commercial auto and fleet insurance, including accident insurance. They offer liability, physical damage, collision, comprehensive, and uninsured motorist coverage. Liberty Mutual also provides the “Liberty Mutual Deductible Fund” to policyholders, allowing them to lower their deductibles annually and save on insurance costs.

Average Cost: $507.13 per month

Our Rating: 6/10

Farmers Insurance: Comprehensive Coverage and Personalized Policies

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Advantages:

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  • Available in all 50 US states
  • Good variety of coverage policies and accessories
  • Various savings and discount opportunities
  • Well-reviewed mobile app

Cons:

  • Some customers find roadside assistance slow
  • Insurance premiums can be high in some states
  • Mixed customer reviews

Farmers Insurance offers flexible insurance options for towing company insurance policies. Their coverage includes liability risks, collision coverage, physical damage, and medical payment policies. Farmers Insurance has high financial ratings and a reputation for providing personalized policies backed by excellent customer service. They also offer roadside assistance and towing coverage through a quick and convenient online process.

Average Cost: $511 per month

See also : How Much is Tesla Insurance? Cost & Cheap Quotes (2022)

Our Rating: 8/10

American Family Insurance: Extensive Coverage and Wide Range of Discounts

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Advantages:

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  • Fewer negative reviews for a reputable company
  • Wide range of discounts
  • Offers a variety of coverage

Cons:

  • Not available in some states

American Family Insurance has over 90 years of experience in the insurance sector. They offer a wide range of coverage options, including liability coverage, comprehensive insurance, collision coverage, physical damage, and underinsured motorist insurance. Their customer-focused approach, high financial stability, and user-friendly mobile app make them an excellent choice for crane companies.

Average Cost: $521 per month

See also : How Much is Tesla Insurance? Cost & Cheap Quotes (2022)

Our Rating: 8/10

Fred Loya Insurance: Policies for High-risk Drivers and Refunds

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Advantages:

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  • Offers policies for high-risk drivers
  • Potential refund when your crane is in the repair shop

Cons:

  • Large number of customer complaints and legal problems
  • No online quoting or claim reporting available
  • No 24/7 claim filing

Fred Loya Insurance provides custom tow vehicle insurance tailored to high-risk drivers. Their coverage includes third party liability, physical damage to your tow truck, and collision insurance. However, it’s important to note that the company has faced lawsuits and complaints from customers. Fred Loya Insurance operates in 11 states and requires customers to work with local agents for purchasing insurance or filing claims.

Average Cost: $527 per month

Our Rating: 4/10

Conclusion: Finding the Best Commercial Wrecker Insurance Near You

If you’re in search of commercial wrecker insurance, our quote generator can help you find affordable options from carriers near you. Simply click the “get quotes” button to access a cheap wrecker insurance quote online. Ensure you choose a trustworthy provider that meets your specific coverage needs to protect your crane business effectively.

Source: https://amajon.asia
Category: Other

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