We know Florida commercial truck insurance! Now you have access to the top Florida commercial truck insurance companies with Statewide Insurance. You can’t afford to leave things to chance when you’re on the road. Keeping your overhead down by shopping rates with Florida commercial truck insurance companies you can trust is our business.
WHAT COVERAGE AM I REQUIRED TO CARRY FOR MY FLORIDA COMMERCIAL TRUCK INSURANCE?
Florida requires you to carry a minimum amount of insurance in order to register your Florida commercial truck. The minimum requirement varies in Florida based on the weight of your truck. Many insurance companies offer coverage to meet any requirement, but the key to saving money is to shop around. That’s where we come in. We have the tools to shop the top Florida commercial truck insurance companies to find you the best rate.
Our Florida commercial truck insurance companies can offer up to $1,000,000 limits of liability coverage. Higher limits are available.
State minimum requirements (depending on vehicle weight):
- At least $10,000 of personal injury protection (PIP).
- At least $10,000 of property damage liability.
- At least $10,000 of bodily injury liability for each person and up to $20,000 for each accident.
Personal Injury Protection (PIP) covers you in an accident, regardless of fault. The coverage is $10,000. PIP pays:
- 80 percent of reasonable medical expenses.
- 60 percent of lost wages.
- Up to $5,000 death benefit.
Property Damage Liability insurance pays for damage to property owned by others accidentally caused by you or the driver of your Florida commercial truck.
- Covers property such as fences, utility poles, buildings, automobiles, etc.
Bodily Injury Liability Insurance
- Pays for injury you cause to others while driving your Florida commercial truck. This also pays for your legal expenses incurred.
- Is strongly recommended.
- If you are at fault for an accident, and do not carry bodily injury, your license could be suspended until you can pay back restitution to the injured party. You will also be required to carry bodily injury and a financial responsibility filing for 3 years.
*Florida Commercial Truck Insurance for larger commercial trucks, Florida has the following insurance requirements:
- Fifty thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 26,000 pounds or more, but less than 35,000 pounds.
- One hundred thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 35,000 pounds or more, but less than 44,000 pounds.
- Three hundred thousand dollars per occurrence for a commercial motor vehicle with a gross vehicle weight of 44,000 pounds or more.
- A violation of this section is a noncriminal traffic infraction, punishable as a non-moving violation.
WHAT OTHER COVERAGES ARE AVAILABLE ON A FLORIDA COMMERCIAL TRUCK INSURANCE POLICY?
- Medical payments. Most carriers offer up to $10,000 for medical payments. This pays for medical expenses due to injuries caused under your Florida commercial truck insurance policy.
- Uninsured motorist. In the event you are injured by someone who does not have insurance or enough insurance to pay for your medical expenses. It also pays for lost wages and a death benefit up to the limit you choose. You cannot carry more uninsured motorist coverage than you carry for bodily injury liability, so keep that in mind when you make your purchase.
- Comprehensive coverage. Pays for damages to your truck outside of an accident. For example, theft, vandalism, windstorm, or if you strike an animal. Comprehensive also covers damage to your glass. In Florida if your front windshield is damaged, your carrier will replace it at a zero deductible regardless of the deductible you choose for this coverage.
- Collision coverage. Pays for damage to your truck when it is involved in a collision.
- Towing and labor. Pays for towing or service costs associated with a breakdown or locksmith in the event you lock your keys in your truck.
- Gap coverage. If your truck is totaled and you owe more than what the truck is worth, the gap coverage will pay off the loan amount.
- Hired truck Insurance. This provides liability protection when you are driving a truck that you, or your business, do not own or that is not registered to you. If you rent a truck for a less than 30 days, Hired truck insurance will protect the rented truck.
- Non Owned truck. This provides liability protection when an employee occasionally has to drive his or her personally owned truck for business purposes. This assumes that the truck is not owned, registered or contracted in your name or on your behalf.
HOW CAN I SAVE MONEY ON MY FLORIDA COMMERCIAL TRUCK INSURANCE?
- The best way to save money on your Florida commercial truck insurance is to shop around. Our experts have access to more than 10 top Florida truck insurance companies. GET A QUOTE NOW!
- Deductible. You may increase your deductible in order to reduce your premium, but you should carefully consider such factors as how much of a discount you will receive for a given deductible, and how much you can afford to pay for each claim.
- Good driver discounts. Many companies offer discounts to policyholders with accident free driving records and violations for an extended period of time.
- Older truck. You may drop collision and/or comprehensive coverage on older trucks because of their decreased value, unless a lienholder, such as a bank, requires it.
- Restraint Systems and Anti-theft Devices. Companies may offer discounts for certain
equipment such as anti-lock brakes, air bags, anti-theft devices or truck-recovery systems.
- Type of truck. Newer, more expensive cars are more costly to repair or replace, and insurance prices reflect this.
- Territory. Where you keep and drive the truck, population, and the number of accidents in an area can all affect risk. This is why drivers in heavily populated cities will generally pay more for insurance than rural drivers.
- Usage. Someone who drives fewer miles, say only to work or for pleasure, will pay lower rates than someone who puts many miles on or uses their truck for commercial purposes.
- Gender. Statistics show that men have twice as many fatal accidents as women. Insurance companies typically charge higher premiums for males, especially those younger than 25.
- Age. Statistically, Florida drivers younger than 25
or older than 65 make up a larger share of people involved in accidents, and may pay higher premiums.
- Credit history. Insurance companies are permitted to use credit history as one of the factors that determine risk, and therefore premium cost.
DO I NEED A USDOT OR MC NUMBER FOR MY FLORIDA TRUCK?
You may visit this “STEP-BY-STEP GUIDE” from the Federal Motor Carrier Safety Administration to find out.
FLORIDA’S INTERNATIONAL REGISTRATION PLAN (IRP) & INTERNATIONAL FUEL TAX AGREEMENT (IFTA):
Visit Florida’s “DHSMV” page.
E-FILE YOUR 2290 FORM ONLINE NOW.
You may now e-file your 2290 tax form by visiting the “IRS 2290 E-FILE” page.