Cheap Auto Insurance for Tow Trucks in 2024 (10 Most Affordable Companies)

State Farm, Travelers, and Progressive are the top providers of cheap auto insurance for tow trucks, starting at $33/month.

The best auto insurance companies for tow trucks will provide essential features like flexible coverage and strong customer support. Progressive excels in risk analysis, ensuring you receive tailored protection for your towing business.

Our Top 10 Company Picks: Cheap Auto Insurance for Tow Trucks

Enter your ZIP code into our free quote tool above to find the best commercial auto insurance providers for your needs and budget.

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#1 – State Farm: Top Overall Pick

Pros

• Affordable Coverage: State Farm offers competitive rates for tow trucks and other cheap commercial insurance. Learn more in our State Farm review.
• Comprehensive Coverage Options: The comprehensive policy plan provides a range of contingencies that are specifically company created to assist tow trucks.
• Strong Customer Support: State Farm is known for their great customer service which includes specialized support tailored to tow truck drivers in the event they need help.

Cons

• Limited Availability of Tow Truck Drivers: Although affordable thanks to the special offers, not all tow truck model discounts may be universal.
• Higher Premiums for New Drivers: Younger tow truck drivers could have to pay higher initial premiums than older ones, which would exclude from using their service.

#2 – Travelers: Cheapest Flexible Coverage

Pros

• Customized Policies: Travelers offers a full range of coverage options that can be tailored to deliver only the coverages tow services need, avoiding unnecessary costs.
• Business-Friendly Options: The business offers targeted insurance to tow truck businesses, which increases suitable coverage. You can read more about this in our review of Travelers.
• Quick Quote Process: You get a quote in seconds, great for busy tow truck drivers who are ready to get back on the road.

Cons

• State-Specific Limitations: Insurance options may also have differing regulations from state to state, which could leave a tow truck operator stranded with fewer places they are licensed and insured to travel.
• Bureaucratic Claims Process: Some auto hauler companies have said that this process may drag on, which is a problem for tow truck drivers who need swift settlements.

#3 – Progressive: Best for Risk Analysis

Pros

• In-Depth Risk Assessment: Progressive issues a detailed risk assessment in order to provide tow trucks with coverage that is suitable as per the nature of their business and driving habits.
• Competitive Rates for Newer Operators: The company offers new tow truck drivers competitive rates. See what else is on the table in our Progressive review.
• User-Friendly Digital Tools: Progressive has a user-friendly online platform where tow truck operators can manage policies, claims, and more in one place.

Cons

• Inconsistent Levels of Customer Service: It is unclear whether the standard of customer service will remain consistent for drivers in need.
• Extensive Pricing Structure: Pricing can also be difficult as the pricing structure allows for tow truck drivers not realizing how extensive the blanket price is.

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#4 – USAA: Best for Efficient Underwriting

Pros

• Streamlined Application Process: USAA has an expedited underwriting system for tow trucks, so you can apply with little fuss.
• Strong Military Affiliation: USAA is an insurance company that focuses on the military and offers special policies aimed at veterans who own tow trucks, which we cover in our USAA review.
• Responsive Customer Service: The company is famous for solving emergency problems for tow truck drivers.

Cons

• Membership Limitations: USAA is only open to military personnel and their families, effectively eliminating a big chunk of tow truck drivers.
• Fewer Local Agents: The small number of local agents can possibly obstruct the personalized service to some tow truck drivers.

#5 – Nationwide: Cheapest With Discount Programs

Pros

• Extensive Discount Options: Nationwide has a diversified list of discount programs to assist in offering tow truck insurance at an affordable price.
• Customized Coverage Packages: It provides personalized tow truck commercial auto insurance policies that allow business owners to get their needs and budgets met. Read more in our review of Nationwide.
• Safety Program Incentives: Reward safety programs that pay tow truck operators less for safe driving & flexibility with driving savings.

Cons

• High Deductible Options: Higher deductibles can translate into expenses for tow truck drivers in the event of an accident.
• Potentially Confusing Discounts: Tow truck operators could have difficulty figuring out which discounts can apply to their situation since there are just so many of them.

#6 – Geico: Cheapest When Bundling Policies

Pros

• Cost Savings with Bundling: Geico provides substantial savings for tow truck operators who bundle commercial auto insurance with other types of coverage, as we discuss in our Geico review.
• Wide Range of Coverage Options: Only work with insurance agencies that carry coverage options as broad and comprehensive to cover your tow truck business.
• User-Friendly Online Services: The company allows tow truck operators to monitor their policy from any place with its customer-friendly online system providing new quotes.

Cons

• Customer Service Variability: While some tow truck operators have had their claims resolved quickly, others report inconsistent levels of customer service expertise.
• Complexity in Policy Comparison: The problem of comparison between policies might be difficult in the case of tow truck drivers with multiple options for coverage available.

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#7 – Liberty Mutual: Cheapest Fleet Insurance

Pros

• Significant Fleet Discounts: Liberty Mutual offers competitive savings for tow truck fleet auto insurance, making it an attractive option for businesses with multiple vehicles.
• Specialized Coverage Options: The company provides specialized insurance products designed specifically for the unique needs of tow truck operators.
• 24/7 Roadside Assistance: This is important for tow truck drivers who are called during emergencies. Liberty Mutual typically includes roadside assistance in most of their policies.

Cons

• Claims Processing Speed: A few tow truckers contended that the process is so slow in processing claims they do not quickly recover lost due to an accident.
• Complex Policy Language: The policy coverage terms are written in complex language, so a tow truck operator may not be fully aware of all the aspects covered.

#8 – AAA: Best for Customer Loyalty

Pros

• Loyalty Rewards Programs: AAA has a great loyalty reward for tow operators who have been with the company back-to-back, encouraging long-term coverage. Discover our AAA review for a full list.
• Comprehensive Towing Coverage: With the specialized commercial car insurance for tow trucks, AAA offers comprehensive towing coverage to provide all-around protection in their line of business.
• Multi-Policy Discounts: You can score the best insurance for tow trucks by bundling your auto coverage with other AAA services.

Cons

• Membership Fees: While its membership fees might not offer a return on investment for all tow truck operators, AAA requires members to pay annual dues.
• Limited Availability in Some Areas: In some areas, Tosow might not be fully available so this could influence if tow truck drivers will use it as much.

#9 – Allstate: Best for Educational Resources

Pros

• Educational Resources: In addition to educational resources to reduce risk, Allstate offers specific support for the growth and stability of towing businesses.
• Risk Mitigation Strategies: Allstate uses modern, data-driven risk evaluation methods in the application of tow truck insurance premiums to provide accurate and dependable protection.
• Flexible Payment Options: The company provides flexible payment plans for tow truck operators to help manage monthly premiums, which you can learn about in our Allstate vs. State Farm review.

Cons

• Claims Processing Issues: There may be reports of slower claims processing times, which can be detrimental for tow truck drivers needing quick resolutions.
• Complex Policy Options: The vast number of coverage options can make it difficult for tow truck operators to find the best policy because they have no idea what coverages are available.

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#10 – Farmers: Cheapest for Safe Drivers

Pros

• Discounts for Safe Driving Records: Military-affiliated tow truck drivers can benefit from safe driving discounts, helping to lower their insurance costs. Find out more in our Farmers review.
• Comprehensive Business Coverage: The business provides a wide range of businesses insurance policy to attend all the specific needs and requirements of tow-truck operators.
• Specialized Coverage for Military: Farmers offer a lot of custom policies including tow trucks driven by military people, so they get the right discounts for their policy.

Cons

• Mixed Customer Service Reviews: Commercial auto insurance reviews for tow trucks can vary depending on where you live and buy coverage.
• Limited National Presence: Farmers may not be available in all states, which can restrict options for tow truck operators traveling across the country.

Compare Monthly Commercial Auto Insurance Rates for Tow Trucks

Tow truck operators should prioritize finding affordable full coverage auto insurance. While State Farm is the cheapest for minimum coverage, Nationwide and Travelers have lower full coverage rates.

Tow Truck Auto Insurance Monthly Rates by Provider & Coverage Level

That’s why it’s vital to compare options for the best deal. Compare rates from companies like Progressive, Geico, and Allstate to find the best fit for your commercial towing insurance needs.

By comparing online auto insurance quotes from leading tow truck insurance providers, you can most often find covered options that fit their unique case well within the established budget.

Essential Ways to Get Cheaper Auto Insurance for Tow Trucks

To effectively lower your auto insurance rates as a tow-truck driver can get reasonable price for auto insurance cover by keeping a good driving record, while also shopping around with multiple insurers.

Opting for a higher deductible often reduces monthly premiums, even though it increases your personal costs when filing a claim. Other ways to save money on auto insurance include:

• Comparing Multiple Quotes: Get several quotes from different insurers using online comparison tools. There are many companies with each offering special rates and coverage choices to get the best deal for you.
• Increasing Your Deductible: A higher deductible translates to lower monthly premiums. Just make sure you have the cash to cover that deductible when something goes wrong.
• Adding Safety Features: You can get additional discounts here if you have installed security devices, take safety precautions while driving, and maintain your car regularly.
• Keeping Good Credit: Having a high credit score can lead to lower insurance costs. Monitor your credit reports and if you see anything out of the ordinary, investigate it.
• Taking Advantage of Discounts: Look for multi-policy discounts (bundling auto and other insurance), safe driver discounts, and insurer loyalty incentives.

Inquire about towing industry-specific discounts, their safe driver rewards program, multi-policy bundling options, or professional association memberships. Find rare discounts on insurance coverage for tow trucks from the best in the industry: State Farm, AAA, and Allstate.

Auto Insurance Discounts From the Top Providers for Tow Trucks

These companies provide money-saving options like multi-policy, safe-driver, and loyalty discounts to make insurance more affordable for protecting the most important elements of your life.

Enough with how to get cheap tow truck insurance that suits your towing vehicles’ working model, you can go obtain the discounts and change some of the types of coverage.

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Affordable Auto Insurance Companies for Tow Trucks

Get cheap auto insurance for tow trucks from State Farm, Travelers, and Progressive, with minimum monthly rates beginning at just $33. You can also take advantage of discounts like multi-policy and safe driver incentives to further reduce costs.

Compare multiple auto insurance quotes to secure the best deal, and explore strategies such as increasing deductibles and implementing safety measures for extra savings.

Finding cheap auto insurance rates can be difficult for tow truck drivers, but you don’t have to do it alone. Enter your ZIP code below to find the most affordable quotes in your area.

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