Cheap Auto Insurance for Tow Trucks in 2024 (10 Most Affordable Companies)
State Farm, Travelers, and Progressive have cheap auto insurance for tow trucks, with rates starting at $33 per month. They provide excellent customer support, offer flexible coverage options, and conduct comprehensive commercial auto insurance risk assessments to set optimal protection at an affordable price.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
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UPDATED: Oct 17, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Min. Coverage for Tow Trucks
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Min. Coverage for Tow Trucks
A.M. Best Rating
Complaint Level
Pros & Cons
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
Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
---|---|---|---|---|---|
#1 | $33 | B | Customer Support | State Farm | |
#2 | $38 | A++ | Flexible Coverage | Travelers | |
#3 | $39 | A+ | Risk Analysis | Progressive | |
#4 | $40 | A++ | Efficient Underwriting | USAA | |
#5 | $44 | A+ | Discount Programs | Nationwide | |
#6 | $45 | A++ | Bundled Policies | Geico | |
#7 | $50 | A | Fleet Savings | Liberty Mutual | |
#8 | $60 | A | Customer Loyalty | AAA | |
#9 | $70 | A+ | Educational Resources | Allstate | |
#10 | $75 | A | Safe Drivers | Farmers |
Enter your ZIP code into our free quote tool above to find the best commercial auto insurance providers for your needs and budget.
- Cheap auto insurance for tow trucks starts at $33/month
- State Farm provides flexible policies with custom options and excellent support
- Risk analysis ensures proper protection for your towing business needs
#1 – State Farm: Top Overall Pick
Pros
- Affordable Coverage: State Farm provides competitive rates for tow trucks and more affordable commercial insurance options. Learn more in our State Farm review.
- Comprehensive Coverage Options: The company provides various coverage options that benefit tow trucks, allowing operators to customize their policies according to their specific needs.
- Strong Customer Support: State Farm has a reputation for excellent customer service, providing support specifically tailored to tow truck operators when they need assistance.
Cons
- Limited Availability of Tow Truck Drivers: While discounts are available, they may not apply to all tow truck models, potentially leaving some drivers without savings.
- Higher Premiums for New Drivers: Younger tow truck operators may face higher initial premiums than older drivers, making the service less accessible.
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#2 – Travelers: Cheapest Flexible Coverage
Pros
- Customized Policies: Travelers offers flexible coverage that allows tow truck operators to select only the necessary coverages, avoiding unnecessary costs.
- Business-Friendly Options: The company provides specialized insurance options for tow truck businesses, ensuring relevant protection. You can read more about this in our review of Travelers.
- Quick Quote Process: The efficient quote process enables tow truck operators to receive fast coverage estimates tailored to their unique needs.
Cons
- State-Specific Limitations: Coverage options may vary significantly from state to state, potentially limiting the flexibility for tow truck operators who travel frequently.
- Bureaucratic Claims Process: Some operators report that the claims process can be lengthy, which may cause issues for tow truck drivers needing timely resolutions.
#3 – Progressive: Best for Risk Analysis
Pros
- In-Depth Risk Assessment: Progressive conducts thorough risk analyses for tow trucks, ensuring operators receive tailored coverage based on their unique driving patterns and business needs.
- Competitive Rates for Newer Operators: The company offers new tow truck drivers competitive rates. Read our Progressive review to learn what else is offered.
- User-Friendly Digital Tools: Progressive provides a robust online platform where tow truck operators can easily manage their policies and claims.
Cons
- Variable Customer Service Experiences: The quality of customer service may fluctuate, leading to inconsistent support for tow truck drivers when they need help.
- Complex Pricing Structure: The pricing model can be confusing, making it difficult for tow truck operators to understand the full cost implications of their coverage.
#4 – USAA: Best for Efficient Underwriting
Pros
- Streamlined Application Process: USAA provides efficient underwriting specifically designed for tow trucks, simplifying the application process for operators.
- Strong Military Affiliation: USAA is a military-focused insurer that offers tailored policies for veterans who operate tow trucks, including unique discounts, which we cover in our USAA review.
- Responsive Customer Service: The company is known for its responsive customer support for tow truck drivers facing urgent issues.
Cons
- Membership Limitations: USAA is exclusively available to military members and their families, excluding a large segment of tow truck operators.
- Fewer Local Agents: The limited presence of local agents may hinder personalized service for some tow truck drivers.
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#5 – Nationwide: Cheapest With Discount Programs
Pros
- Extensive Discount Options: Nationwide offers a wide range of discount programs to provide cheap car insurance for tow trucks.
- Customized Coverage Packages: The company offers tailored commercial car insurance policies for tow trucks that suit business needs and budgets. Read more in our review of Nationwide.
- Safety Program Incentives: Nationwide promotes safety programs that reward tow truck operators for maintaining safe driving records, reducing costs over time.
Cons
- High Deductible Options: Some coverage plans may have higher deductibles, potentially increasing out-of-pocket costs for tow truck drivers in case of accidents.
- Potentially Confusing Discounts: With so many discount options, tow truck operators may struggle to identify which ones apply to their situation.
#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: Geico provides comprehensive coverage tailored for tow trucks, ensuring operators are well protected against various risks.
- User-Friendly Online Services: The company has a robust online platform that makes it easy for tow truck operators to manage their policies and get quick quotes.
Cons
- Customer Service Variability: Some tow truck operators report inconsistent experiences with customer service, which can affect claim resolution times.
- Complexity in Policy Comparison: With numerous coverage options, tow truck drivers might find it challenging to compare policies effectively.
#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: Liberty Mutual includes roadside assistance in many policies, which is critical for tow truck drivers responding to emergencies.
Cons
- Claims Processing Speed: Some tow truck operators report that the processing time can be longer than expected, impacting financial stability after incidents.
- Complex Policy Language: The terms of coverage can be convoluted, making it difficult for tow truck operators to understand their policy fully.
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#8 – AAA: Best for Customer Loyalty
Pros
- Loyalty Rewards Programs: AAA offers excellent loyalty rewards for long-term tow truck operators, providing incentives for continued coverage. Discover our AAA review for a full list.
- Comprehensive Towing Coverage: AAA tailors commercial car insurance for tow trucks, ensuring drivers are well-protected in their business operations.
- Multi-Policy Discounts: Drivers can get cheap insurance for tow trucks by bundling their auto insurance with other AAA services.
Cons
- Membership Fees: AAA requires membership fees that might not provide value for all tow truck operators, depending on their needs.
- Limited Availability in Some Areas: The services and discounts may not be as readily available in certain regions, affecting accessibility for some tow truck drivers.
#9 – Allstate: Best for Educational Resources
Pros
- Educational Resources: Allstate provides valuable resources and guidance on risk management, specifically for tow truck businesses, which help operators reduce their overall risk.
- Risk Mitigation Strategies: Allstate employs advanced risk analysis techniques when setting tow truck insurance rates for more accurate and reliable coverage.
- 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: With a wide variety of coverage options, tow truck operators may find it challenging to choose the best policy without guidance.
#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 company offers extensive business insurance options that cater specifically to the unique needs of tow truck operators.
- Specialized Coverage for Military: Farmers provides tailored policies for tow trucks operated by military personnel, ensuring they receive appropriate discounts and coverage.
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.
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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
Insurance Company | Minimum Coverage | Full Coverage |
---|---|---|
$60 | $116 | |
$70 | $120 | |
$75 | $125 | |
$45 | $113 | |
$50 | $130 | |
$44 | $100 | |
$39 | $111 | |
$33 | $110 | |
$38 | $105 | |
$40 | $112 |
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 find the coverage that meets your specific needs while staying within budget.
Essential Ways to Get Cheaper Auto Insurance for Tow Trucks
To effectively lower your auto insurance rates as a tow truck driver, maintain a good driving record and compare quotes from multiple insurance providers.
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: Use online comparison tools to gather quotes from various insurance providers. Different companies may offer varying rates and coverage options, allowing you to find the most affordable deal.
- Increasing Your Deductible: Opting for a higher deductible can lower your monthly premiums. Just ensure you have enough funds to cover the deductible in case of a claim.
- Adding Safety Features: Installing anti-theft devices, ensuring proper driver training, and maintaining regular vehicle inspections can qualify you for additional savings.
- Maintaining Good Credit: Keeping a good credit score can lead to lower insurance rates. Regularly check your credit report and address any issues promptly.
- Taking Advantage of Discounts: Look for multi-policy discounts (bundling auto and other insurance), safe driver discounts, and insurer loyalty incentives.
Ask about discounts specific to the towing industry, such as those for safe driving records, bundling multiple policies, or membership in professional associations. Discover valuable auto insurance discounts for tow trucks from top providers like State Farm, AAA, and Allstate.
Auto Insurance Discounts From the Top Providers for Tow Trucks
Insurance Company | Available Discounts |
---|---|
Multi-Policy, Safe Driver, Good Student, Loyalty, New Car, Pay-in-Full | |
Safe Driver, Good Student, Multiple Policy, Early Signing, New Car, Drivewise (Telematics), Defensive Driving | |
Safe Driver, Multi-Policy, Multi-Car, Pay-in-Full, Defensive Driving, Good Student, Telematics (Signal) | |
Good Student, Safe Driver, Multi-Car, Defensive Driving, Military, Federal Employee, New Car, Anti-Theft | |
Multi-Policy, Safe Driver, Early Shopper, Pay-in-Full, Good Student, New Car, Military, Hybrid Vehicle | |
Multi-Policy, Multi-Car, Safe Driver, SmartRide (Telematics), Pay-in-Full, Good Student, Anti-Theft | |
Multi-Policy, Multi-Car, Safe Driver, Good Student, Pay-in-Full, Telematics (Snapshot), Continuous Insurance, Vanishing Deductible, EFT Discount | |
Good Student, Multi-Policy, Safe Driver, Accident-Free, Drive Safe & Save Program | |
Good Student, Early Quote, New Car, Pay-in-Full, Hybrid/Electric Car, IntelliDrive Telematics Program, Multi-Policy, Driver Training Discounts | |
Multi-Policy, Safe Driver, Good Student, Loyalty, Military-Specific Discounts |
These companies offer savings options such as multi-policy, safe driver, and loyalty discounts to help reduce your costs while ensuring essential coverage. Start comparing discounts today to maximize your savings.
You can secure affordable auto insurance tailored to your tow truck business needs by actively seeking discounts and adjusting your coverage options.
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.
State Farm is the top choice for tow truck insurance, offering competitive rates starting at $33 per month with exceptional coverage options and discounts.
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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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Frequently Asked Questions
What factors influence the cost of auto insurance for tow trucks?
The driver’s history, the type of towing service provided, the truck’s value, coverage options, and the region where the service operates all impact tow truck insurance costs.
Are there specific auto insurance coverage requirements for tow trucks?
When considering how much auto insurance coverage you need, it’s important to note that most states have minimum coverage requirements for commercial vehicles, such as tow trucks. Checking your state’s regulations is essential for compliance.
How can I lower my tow truck auto insurance premiums?
To lower your premiums, shop around for quotes, increase your deductible, maintain a clean driving record, and ask about discounts specific to the towing industry. Stop overpaying for your insurance by entering your ZIP code below to find the lowest rates in your area.
Do towing companies qualify for commercial auto insurance?
Yes, towing companies generally require commercial auto insurance, as personal auto policies typically do not cover vehicles used for business purposes.
What type of auto insurance coverage should I consider for my tow truck?
Consider including liability insurance, physical damage coverage, cargo insurance, and does auto insurance cover roadside assistance. These types of coverage will safeguard your business and assets effectively.
How do I file an insurance claim for an accident involving my tow truck?
Contact your insurance provider as soon as possible, provide them with details of the incident, and submit any necessary documentation, such as photos and police reports.
Are there specialized auto insurance companies for tow trucks?
Yes, several insurance companies specialize in coverage for towing businesses, offering tailored policies that address the industry’s unique risks and needs.
What should I look for when comparing auto insurance quotes for tow trucks?
Compare coverage options, premiums, auto insurance deductibles, customer reviews, and the insurance provider’s financial stability. Also, look for any additional services they may offer.
Is it possible to buy auto insurance for a newly purchased tow truck?
Yes, you can get insurance for a newly purchased tow truck. Securing coverage before operating the vehicle is recommended to avoid potential financial loss in case of an accident. Avoid expensive premiums by using our free comparison tool below to find the lowest rates possible.
Can I get discounts for multiple vehicles under one policy?
Many insurance providers offer multi-vehicle discounts, allowing you to save on premiums if you insure multiple tow trucks under the same policy.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.