Car Hauler Insurance Cost: What to Know

Car haulers are used for transporting vehicles for auto body shops, car dealerships, repossession companies, and more. These trucks are essential in the transportation industry and without them, we wouldn’t be able to leave our house!

As you can imagine, starting a car hauler business can be very profitable and worthwhile. However, you need to also keep in mind the amount of risk involved. For instance, car haulers are very expensive trucks and they haul vehicles worth tens of thousands of dollars. If you were to get into an accident you could be looking at some very costly repairs and damages.

Therefore, to avoid all the headaches, you need to make sure your car hauler is insured. With the help of insurance, you can protect your assets and rest assured knowing you’re taken care of in the event of an unwanted incident.

So, in this article, we’ll discuss the cost of car hauler insurance and the various factors that can affect your rates. Let’s begin.

How Much Does Car Hauler Insurance Cost?

Several factors contribute to the cost of car hauler insurance. Typically, these vehicles tend to be more expensive to insure given the long distances they usually travel, the number of cars they haul, and their weight.

On average, car hauler insurance can cost you between $800 and $1,400 a month depending on the coverage you require. Of course, these rates vary depending on the insurance company you choose to go with.

Here’s a list of some of the factors that impact your car hauler insurance rates:

What Affects the Cost of Car Hauler Insurance?

The number of trucks you have

The more trucks you have, the more you’ll be paying for insurance. All your car haulers need insurance, so expect your premiums to increase when you add one or more trucks to your policy. Therefore, fleet size greatly impacts the cost of your insurance.

Your claims history

Before issuing you a quote, the insurance company will take a look at your loss history. If you have a lot of claims filed against you, they’ll deem you high-risk. Therefore, you’ll likely have to pay more for your car hauler insurance. In fact, some companies may even refuse to insure you if you have too many claims.

If you have a clean record, you’ll likely get a discount on your insurance. This is because no claims filed indicates to your insurer that you take your fleet’s safety very seriously.

The type of business you run

As stated above, car haulers are used at many different businesses. Your rates will depend on the type of work you do. For instance, if you haul brand new cars for a car dealership then you’ll likely pay more for insurance than hauling totaled or broken down vehicles for an auto body shop.

Therefore, your insurer will want to know what type of business you have to determine your rates.

What you’re hauling

What you haul is also an important factor to consider when it comes to car hauler insurance rates. The more expensive your load is, the more you’ll end up paying for insurance. For instance, if you haul new cars, you’ll likely pay higher premiums than someone hauling used cars.

Your drivers

The drivers you hire need to be experienced and have clean driving records. So, having a driver new to the business can cost you more as well as having someone with lots of speeding tickets and DUIs on their record.

Therefore, if one of your truckers has several driving violations, you can expect to pay more for insurance. This indicates to the insurer than the driver is reckless and more likely to cause an accident. Which ultimately means more claims filed.

To avoid issues with your drivers, have a thorough background check in place and require regularly scheduled training.



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