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Minnesota Commercial Truck Insurance

by Fred Podris. Updated on Dec 15, 2023

Compare Minnesota Commercial Truck Insurance

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Minnesota Commercial Truck Insurance

Are you searching for a Commercial Truck Insurance Quote in Minnesota? Don’t get 1 quote, get 3!

Compare Truck Insurance Quotes

To get the best price on your semi truck insurance you need to shop around. Let us help by bringing you three Minnesota Truck Insurance Agents that will compete for your business.

Fill out one easy online form and you’ll get three competitive quotes from three top agents in MN. Simple!

MN Trucking Insurance Quotes

How Much Does Truck Insurance Cost In Minnesota?

The average cost for commercial truck insurance in MN is $11,495.

Most premiums range from $7,000 to $11,858.

These cost estimates are based on truckers with one truck operations who need insurance for liability, cargo and physical damage. There are lots of things that drive the cost such as: what you are hauling, your driving history, and how long you have been in business.

2 Real Examples Of Truck Insurance Costs In MN

1 Truck Based in Coon Rapids

ExperienceOver 3 Years
RadiusInterstate, Unlimited Miles
CargoGeneral Freight, Refrigerated Food, Beverages, Paper Products
OperationFor Hire
Premium$7,409/yr

1 Truck Based in Brooklyn Center

ExperienceOver 3 Years
RadiusIntrastate
CargoMotor Vehicles
OperationFor Hire
Premium$11,858/yr

The most important factor for what you will pay is the insurance company that you choose. For truck insurance, it’s common for prices to vary by thousands of dollars for the same trucker! Sometimes the difference can even be over $10,000 for the same operation.

You can’t control how long you’ve been in business, but you can control what insurance company you choose.

It’s a good idea to shop the market. Our service makes it easy to get quotes from different companies, so you can zero in on the best coverage and cost combination for your trucking business. Compare quotes and lower your insurance costs here.

3 Truck Insurance Agents in Minnesota

You need agents that specialize in truck insurance to get the right coverage at the best rate, and that is exactly what we’ll bring you.

We’ve done the hard work for you and located three of the best truck insurance agents in MN. The agents, like alpha-rams, will lock horns in their battle to earn your business, but only one will emerge the winner.  By having three agents quote your policy you will have much broader access to the whole market of truck insurance companies.

With three extremely competitive quotes to choose from, you will be able to quickly find the best policy at the best price. Shopping for truck insurance has never been this easy or efficient.

Don’t waste your time hunting down three agents. Let them come to you. Let’s get started!

Commercial Truck Insurance Companies in Minnesota

Finding the best trucking insurance company in MN for your operation can save you thousands. Some of the insurance providers with the best premiums can be difficult to find though.

The companies below write 80% of the truck insurance polices in MN.

Top 10 Truck Insurance Companies in MN

  • Acuity
  • Auto Owners
  • Canal
  • Great West
  • Grinnell Mutual
  • Lancer
  • National Casualty Company
  • Northland
  • Progressive
  • Wesco

Analysis performed by CTIHQ in 2020 using data from fmcsa.dot.gov. The MN truck insurance carriers listed above are based on their market share for 1-truck, interstate operations.

There are also over a dozen truck insurance carriers in MN that have the remaining 20% marketshare.

You do have choices when it comes to your insurance and we can help you. It’s just a matter of smart comparison shopping to get the best premium.

Compare quotes from different companies here.

Trucking Ins. Coverages

Minnesota Commercial Truck InsuranceMinnesota and the FMCSA have specific insurance requirements for semis. Some coverages are mandatory, like primary liability. Others, such as physical damage truck insurance and bobtail coverage, are just smart to have.

No matter what type of coverage your operation needs, you’ll get quotes from three truck insurance brokers. Click on a coverage below to learn more about it, then fill out our short form to get your quotes.

  • Primary Liability
  • General Liability
  • Physical Damage
  • Motor Truck Cargo
  • Bobtail Insurance and Non Trucking Liability Insurance
  • Trailer Interchange
  • Medical Payments
  • Uninsured Motorist
  • Workers Compensation
  • Trucking Umbrella Policy

Minnesota Truck Insurance Requirements

Minnesota state law requires local truckers and new ventures to maintain a minimum amount of liability insurance. How much you need is determined by what freight you carry and where you carry it. If you don’t take your truck out of state, you must get an intrastate only USDOT Number and keep a minimum amount of insurance:

$300,000Liability Insurance (Household Goods)
$750,000Liability Insurance (General Freight)
$1,000,000Liability Insurance (Oil Transport)
$5,000,000Liability Insurance (Hazmat)
$50,000/vehicle and $50,000/catastropheCargo Insurance (Intrastate household goods movers and interstate contract carriers)

The insurance requirements for truck drivers who travel out-of-state are more extensive. You must meet the above, and you must be in compliance with all the semi truck insurance requirements laid out by the federal government. Most federal liability limits are between $750,000 and $1,000,000.

Both Minnesota and the US DOT require certain filings be submitted by your insurance agent. The insurance agent or company will fill out and submit these filings for you. These forms let the government know that all your DOT truck insurance requirements are fulfilled. They must be received before your authority can be processed. Some common forms include:

  • Form H
  • The BMC-95
  • Form MCS-94
  • Form E

Specific Insurance for Owner-Operators in Minnesota

Whatever type of operation you have, we’ve got your back. Our agents have access to cheap truck insurance for all of the following operation types:

  • Hot Shot Truck
  • Less Than Truckload
  • Auto Hauler
  • Intermodal Truck
  • Refrigerated Truck
  • Flat Bed Truck
  • Log Truck
  • Livestock Hauler
  • New Entrant
  • Hazmat Hauler

Handy Minnesota Trucking Resources

Minnesota Department of TransportationMN state flag

Minnesota Department of Motor Vehicles

Minnesota Trucking Association

Minnesota Department of Insurance

Your Business is Unique

You may be a local or long hauler. You might be an owner operator from Minneapolis hauling cars. Or a manager of a fleet in Saint Paul hauling hazardous materials. No two trucking operations are alike, so your insurance policies need to be tailored to you.

Since different truck insurance companies prefer different types of risks, it pays to shop around and find a company that is competitive with writing insurance for your specific trucking company. The bottom line is that you want cheap truck insurance without sacrificing coverage.

Get 3 Competitive quotes in all Minnesota cities

No matter what city you live in our network of Minnesota truck insurance brokers are ready to give you a quote. We help truckers save on insurance. That’s all we do. We cover all cities including…

  • Minneapolis
  • Saint Paul
  • Rochester
  • Duluth
  • Bloomington
  • Brooklyn Park
  • Plymouth
  • Saint Cloud Eagan
  • Woodbury
  • Coon Rapids
  • Eden Prairie
  • Burnsville
  • Blaine
  • Lakeville
  • Minnetonka
  • Apple Valley
  • Edina
  • Saint Louis Park
  • Mankato
  • Moorhead
  • Maplewood
  • Shakopee
  • Richfield
  • Cottage Grove
  • Inver Grove Heights
  • Roseville
  • Andover
  • Winona
  • Brooklyn Center
  • Oakdale
  • Fridley
  • Savage
  • Owatonna
  • Shoreview
  • Austin
  • Maple Grove

We also can give you multiple quotes in the nearby states as well: ND, SD, IA, WI

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Disclaimer: Commercial Truck Quotes LLC is a nationally licensed insurance agency and has created the content of this website with the aim to provide you the most up to date and accurate information possible. This information, however, does not come with any warranty, and should not be received as personal financial advice. Insurance terminology varies from state to state. Your coverages and how they are governed are decided by the language in your insurance policy.
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