ClickCease Biggest Commercial Truck Insurance Providers in California

Biggest Commercial Truck Insurance Providers in California

All commercial truck carriers are required to have insurance on their vehicles. Commercial truck insurance policies help provide compensation to individuals who sustain severe or fatal injuries when a crash is caused by a truck driver or trucking company. There are various providers of commercial truck insurance policies in California.

Main Providers of Commercial Truck Insurance

When it comes to the most popular commercial truck insurance carriers, the names on the list below are many of the same companies that provide personal insurance policies.

The 12 Largest Commercial Auto Insurance Providers

Rank / Company / Premiums Written 2019 / Market Share

1 Progressive Group $5,578,099,387 – 12.36 percent market share
2 Travelers Group $2,798,420,481 – 6.2 percent market share
3 Liberty Mutual Group $1,888,125,510 – 4.18 percent market share
4 Nationwide Corp. Group $1,673,431,307 – 3.71 percent market share
5 Old Republic Group $1,613,671,136 – 3.57 percent market share
6 Berkshire Hathaway Group $1,568,585,685 – 3.47 percent market share
7 Zurich Ins. Group $1,426,524,664 – 3.16 percent market share
8 Auto-Owners Group $1,113,110,443 – 2.47 percent market share
9 Chubb Ltd. Group $966,796,984 – 2.14 percent market share
10 Allstate Ins. Group $917,778,360 – 2.03 percent market share
11 State Farm Group $859,962,992 – 1.91 percent market share
12 Hartford Fire & Cas. Group $775,899,674 – 1.72 percent market share

This list represents only 40% of the policies written dealing with trucking insurance in California. Major carriers like ACE and AIG are in the market as are foreign and non-admitted carriers.

What Does California Require for Commercial Truck Insurance?

California has very strict commercial truck insurance requirements that depend on the weight of the vehicle and the types of freight being hauled:

  • $300,000 for vehicles under 10,000 pounds carrying non-hazardous freight
  • $750,000 for vehicles weighing more than 10,000 pounds carrying non-hazardous freight
  • $1,000,000 for transporting oil
  • $5,000,000 for transporting hazardous materials or explosives

Any commercial truck that transports cargo across state lines will be subject to coverage minimums per the Federal Motor Carrier Safety Administration (FMCSA), while trucks that stay within state lines are only subject to California minimums. Federal guidelines also depend on the weight of the vehicle and type of cargo being transported.

Call an Attorney Right After a Crash

If you or somebody you care about has been injured in an accident caused by the actions of a commercial truck driver or trucking company, you need to contact an attorney immediately. Commercial truck accidents in California can become very complicated.

When you have a Walkup Melodia truck crash attorney by your side, we will first conduct a complete investigation into the incident and make sure that you are connected to medical and economic experts who can manage your well-being while also helping calculate total expected losses.

Insurance carriers for trucking companies are notoriously difficult to deal with, and they will do anything they can to limit how much money they payout in a settlement. Your Walkup commercial truck accident attorney is your advocate, and they will handle all negotiations with the other parties involved. If necessary, Walkup Law will file a civil personal injury lawsuit against the truck company and driver in an effort to recover the maximum compensation you are owed.