5 Best Short-Term Truck Insurance Companies for 2023

Thang Truong
Thang Truong
Updated on:

Are you a commercial truck driver or business owner thinking about buying a new or used truck? You may not be aware of it, but you’ll likely need insurance to drive your truck off the lot and get it into service-ready condition.

Short-term (or temporary) truck insurance provides coverage for the risks you face driving your truck before securing long-term insurance for your vehicle. In this article, I’ll reveal the 5 best short-term truck insurance providers and explain what you need to know to purchase temporary truck coverage.

5 best short-term truck insurance companies 

Simply Business: Best for comparing temporary truck insurance quotes

Simply Business provides access to commercial truck insurance quotes for all types of coverage, including temporary truck insurance. The firm’s experienced team is committed to getting you the coverage you need at the best price possible. 

Simply Business is an insurance broker. They work with several companies and are able to pull quotes from these companies for you to compare them in one place conveniently. If your goal is to compare several quotes to select the cheapest one, you may want to start with them.

NITIC: Best for fast temporary truck coverage

National Independent Truckers Insurance Company (NITIC) can provide short-term truck insurance in less than ten minutes for $140 for the first day and $100 per additional day. 

NITIC was launched in 2001 with the goal of offering affordable truck insurance to independent owner-operators and small trucking fleets.

NITIC is currently licensed to provide insurance in 48 states. The firm has a team of licensed insurance agents specializing in trucking insurance. They are available to help you get the temporary and other vehicle insurance you need.

NITIC is organized as a risk retention group. That means its policyholders are also its owners. 

This ownership structure allows NITIC to build a stable market for coverage and rates, implement sound loss control and risk management practices, and offer lower premiums than most other insurers.

NITIC maintains a B+ (Good) rating from A.M. Best, the insurance rating company. It’s lower than many other insurers, but it still reflects a sound financial position.

Classic Commercial Truck Insurance: Best for specialized short-term truck coverage

Classic Commercial Truck Insurance specializes in delivering complete insurance coverage solutions for truckers across the United States. The firm has been in business since 1987 and has protected thousands of truckers. It’s a top-rated insurance company known for its great pricing and award-winning customer service team.  The company is committed to getting truckers the insurance they need, including temporary coverage.

biBERK: Best for cheap trucking coverage from a reputable carrier

biBERK is a subsidiary of Berkshire Hathaway, the parent company of Geico. They certainly benefit from their parent company: great reputation and excellent financial strength. They develop a direct-to-customer business model, selling insurance directly to small businesses, bypassing agents and brokers. As a result, they are able to save costs and pass savings to their customers. biBERK claims that their customers can save on average 20% on premiums with a policy from them.

biBERK also offers great digital experience. Getting quotes and buying a policy online just take a few minutes. You should definitely give them a try if you are looking for a low-cost policy from a reputable carrier.

Smart Financial: Best for the most knowledgeable agents about temporary truck insurance

Smart Financial is a broker. They work with an intensive network of agents who are extremely knowledgeable about trucking insurance in general and about temporary truck insurance in particular. If you are new to trucking business, working with one of their agents will be beneficial. They can help you get the best and the cheapest temporary truck insurance.

If you are interested, they can also connect you with the most knowledgeable agents in their network about you unique situation and help you get your permanent trucking coverage to kick off your trucking business.

Why do truckers need short-term truck insurance?

It takes time to secure the right permanent insurance to cover your new truck. Many truckers turn to short-term (or temporary) insurance while they explore long-term policy options to find the right coverage for them. 

Securing a temporary policy provides the insurance coverage you need to drive your truck legally and in compliance with United States Department of Transportation (DOT) and Federal Motor Carrier Safety Administration (FMCSA) rules and the contractual requirements of the loan company financing your vehicle. 

What is short-term truck insurance?

Short-term truck insurance (often referred to as temporary truck coverage) is a limited-term vehicle insurance policy purchased by new truck owners and operators to cover them from risks and damages occurring during a specified short period, which is usually 30 days. It covers a vehicle you purchase if you have to drive it to your business location or get it serviced, cleaned, or painted. It will only cover accidents when you move the truck from place to place and NOT while driving it to transport goods.

Be aware: You must get permanent insurance before using your new truck to haul things.

Short-term truck insurance is cheaper and easier to secure than other types of truck coverage, but the protection provided by it is relatively limited. 

What protection does short-term truck insurance provide?

Purchasing a temporary truck policy provides you with commercial vehicle insurance coverage to drive your newly purchased truck legally. It will enable you to drive your vehicle to stripping, repairing, lettering, painting, post-market application, and other services a trucker or business typically requires when buying a new or used truck.

When you have this coverage, you can drive your commercial truck anywhere, within a specified time, as long as you’re not hauling anything. 

What does short-term truck insurance cover?

Like other truck insurance policies, short-term truck insurance covers you against damages resulting from accidents, including injuries and property damage. 

Again, it is important to remember that it only covers you if you don’t haul any cargo on your truck yet. If you do, short-term truck insurance policy will refuse coverage.

What kinds of trucks can be covered by short-term truck insurance?

Virtually any type of truck can be covered, including front loaders, semis, box trucks, and pickups. Below is a list of common trucks that can be covered by a short-term truck insurance policy:

If you’re not sure whether a truck you’re thinking about purchasing can be covered by short-term truck insurance, a representative at one of the insurers on my list can let you know for sure.

What types of situations does temporary truck insurance cover?

Some everyday situations covered by short-term truck insurance include:

  • Driving to a fleet recruiter before signing a lease and getting permanent truck insurance protection.
  • Getting maintenance work done on a used vehicle before using it to haul goods.
  • Driving to a painter to have your business logo put on your truck.

How much does short-term (or temporary) truck insurance cost?

The good news is that short-term truck insurance is quite reasonable. The average cost is around $150-$250 for the first day and $100-$150 for each subsequent days. The coverage lasts a maximum of 30 days only.

How can I find cheap temporary truck insurance?

Short-term truck coverage is relatively inexpensive when compared with other delivery vehicle insurance. Still, it makes sense to get quotes from two or three of the providers on our list to find coverage at the best possible price.

Temporary bobtail insurance

When leasing a truck or just having bought a truck, it is important to have temporary bobtail insurance. This type of insurance covers the truck when it is being driven without a trailer. It is usually needed by truck drivers who just finished delivering the cargo and the trailer or who just bought a truck and drove off the garage without a trailer. The insurance protects them in case they are involved in an accident while driving without a trailer. This policy usually provides coverage for 30 days to give the driver some time to buy a permanent bobtail policy.

Learn more at the best temporary bobtail insurance companies

Thang Truong

Thang Truong covers small business insurance and small business success at BravoPolicy. He is a licensed P&C insurance agent. Previously, he held product leadership positions at realtor.com, Capital One, NerdWallet, and Mulberry Technology. He holds a MBA degree from UC Berkeley - Haas School of Business.

More Stories

9 Best General Liability Insurance Companies for 2024

General liability insurance is probably the most popular business insurance that almost all businesses should have. It is required for some professions such as construction. The good news is that many insurance companies offer this product, so it is easy to find one that is the best for your business. In our intensive research, here […]

9 Best Commercial Auto Insurance Companies & Quotes in 2024

If you use your vehicles for work, you need to get a commercial auto insurance policy. Your personal auto insurance policy won’t cover the vehicles when you use for business. Commercial auto insurance is necessary when cars, trucks, or vans are used to conduct business. We cover everything you need to know about commercial auto […]

The 5 Best Business Owners Policy (BOP) Insurance for 2024

A Business Owner’s Policy (or BOP Insurance) is important to any small business to cover potential damages and losses when unexpected events happen. A BOP policy includes the coverages of general liability, commercial property, and business interruption in one master policy. If a small business can only afford one insurance policy, it should be a […]

11 Best Professional Liability Insurance Companies for 2024

If you’re a small business and in the market for professional liability insurance, below are 11 best companies offering this type of insurance for small businesses. In order to get an idea of the prices where online quotes were offered, we looked at a hypothetical accounting business in Wisconsin that had been in business for […]

Milepost Joins Truckstop: A New Dawn for Commercial Truck Insurance

The trucking industry is about to witness a significant shift in how insurance policies are procured, managed, and serviced. Milepost Insurance Agency LLC, a renowned Berkshire Hathaway enterprise, has recently collaborated with Truckstop, thereby pioneering a new era in trucking insurance for independent owner-operators. Revolutionizing the Insurance Experience The primary aim behind this dynamic partnership […]

Navigating Commercial Truck Insurance Premiums in 2023

Commercial truck insurance has become a focal point for many in the transportation sector as we delve deeper into 2023. With premiums seeing significant spikes in recent years, stakeholders are asking: Are we approaching a stabilization or even a decrease in these rates? Insights from industry experts provide clarity on this critical concern. Trends in […]

Regulatory Changes and Rising Commercial Truck Insurance Costs in California

In the wake of the passing of California’s AB5 bill, the trucking industry, including drivers and insurers, face unforeseen challenges. The legislation threatens to severely disrupt contractual trucking gigs, leading to rising insurance costs and potential operational changes. AB5 – A Potential Setback for Owner-Operators AB5, signed into law by Governor Gavin Newsom in 2019, […]

Finding Balance in Commercial Truck Insurance: Costs, Value, Services, and Long-Term Benefits

Navigating the maze of truck insurance offerings is not just a matter of finding the lowest price. It’s about understanding the nuances of what you’re buying, considering long-term benefits, and ensuring a harmonious relationship with your provider. This article offers a detailed examination of the process, unfolding the aspects of costs, value, services, honesty, and […]

New SEC Regulations on Cybersecurity and AI: A Comprehensive Overview

In an era where technology is at the forefront of business operations, the U.S. Securities and Exchange Commission (SEC) is taking decisive steps to ensure transparency and ethical practices. On Wednesday, the SEC was set to introduce new regulations that will impact publicly traded companies in two significant areas: cybersecurity and artificial intelligence (AI). These […]

6 Best Malpractice Insurance for Nurse Practitioners for 2023

Nurse practitioners have a great deal of responsibility when it comes to patient care. Many nurse practitioners assume that because they work under a doctor and their employer provides some level of malpractice insurance, they’re covered. It may be worth it to purchase your own policy, however. Employer malpractice insurance is to protect the employer, […]