Whether you are new to For-Hire trucking or if you have been in business for some time insurance is one of the largest expenses you may have. There are many factors that impact the price of insurance and every insurance company is different in how they assess and price the risk. Based on our experience in 28 states a good range might be $12,000 to $20,000 per truck for a 12 month For-Hire policy, but could be more or less depending on many factors. Some factors include but are not limited to your age, driver history of accidents and moving violations for past three years, years CDL experience, radius of your operation, cargo being hauled, If the owner is a driver, state of domicile, coverage limits, years in business, age and value of equipment. Some insurance companies also pull credit to determine policy premiums. Also, If you are under 25 years of age you will be considered high risk and pay higher premiums.