If you’re looking for cheap tow truck insurance in Chicago, look no further! At Insured ASAP, we are dedicated to providing businesses with the best commercial tow truck insurance at competitive rates. Whether you own a single truck or operate a fleet of tow trucks, our experienced commercial auto insurance agents are here to help you secure the right coverage to protect your business.
Why Choose Insured ASAP for Tow Truck Insurance?
As experienced tow truck insurance brokers, we specialize in finding the most reliable and cheap tow truck insurance options for your business. Our connections with the top tow truck insurance companies ensure that you receive an insurance quote that fits your specific needs. With Insured ASAP, you get access to some of the best tow truck insurance policies in the market, helping you stay protected at the most affordable prices.
What Does Tow Truck Insurance Cover?
Insurance for a tow truck typically includes several essential coverage options. These coverages not only protect your vehicle but also ensure your business stays safeguarded from financial risks. Some common coverages included in tow truck commercial insurance are:
- Auto Liability Coverage: This coverage protects yourself, your driver and your business if you are responsible for causing an accident while operating a tow truck. It helps cover medical costs, damages, and legal fees if you’re at fault.
- Garage Liability Insurance: This coverage protects your business in the event of third-party injuries or property damage that occur while your tow truck is operating on site, such as when customers’ vehicles are in your care, custody, or control.
- On-Hook Coverage: Protects your customer’s vehicle while being towed.
- Garage Keepers Insurance: Provides coverage for vehicles in your custody, care, or control.
- Physical Damage Insurance: Covers repair costs if your tow truck is damaged in an accident.
- General Liability Insurance: Covers bodily injury or property damage that occurs while operating your tow truck.
- Uninsured/Underinsured Motorist Coverage: Protects your business in the event of an accident with an uninsured driver.
These are just a few of the available insurance coverage for tow trucks. As your tow truck insurance brokers, we’ll help you choose the right combination of policies to ensure your business remains fully protected.
How Much Does Tow Truck Insurance Cost?
A key question for most tow truck operators is: How much is tow truck insurance per month? The tow truck insurance cost per month depends on several factors such as the type of trucks you operate, your driving history, the level of coverage you need, and your location. On average, a basic tow truck insurance policy can range from $372 to $1,258 per month, depending on the size and risk of your business.
If you’re wondering, how much is tow truck insurance specifically, the answer will depend on your business’s unique circumstances. However, with Insured ASAP, you’ll receive a customized tow truck insurance quote to help you compare options and secure affordable coverage.
Factors That Influence Tow Truck Insurance Rates
Several factors affect the tow truck insurance cost, including:
- Type of Tow Truck: Flatbeds, wheel-lifts, and other types of tow trucks may have different insurance costs.
- Driving Record: A clean driving history can lower your rates.
- Coverage Levels: Opting for higher coverage limits typically increases premiums.
- Location: Insurance costs vary by region based on local risk factors and regulations.
Tow Truck Insurance Requirements in Chicago, Illinois
As of 2025, in Chicago and throughout Illinois, tow truck business insurance must meet certain tow truck insurance requirements. These include:
- Auto Liability: $500,000 CSL (Combined Single Limit)
- Garage Liability: $500,000 CSL
- On-Hook Coverage: $25,000
- Garagekeepers Legal Liability: $25,000 (If Applicable)
- Workers’ Compensation Insurance (If Applicable)
While these are the minimum requirements, some national insurance carrier that provide commercial auto coverage may offer higher coverage options to provide added protection for your business. Read more about Tow Truck Insurance Requirements in Illinois.
How to Find the Cheapest Tow Truck Insurance
When looking for cheapest tow truck insurance, consider both the price and the coverage. While it’s tempting to go for the lowest premium, make sure you’re getting the necessary protections. Insured ASAP partners with a variety of tow truck insurance companies to provide you with the most affordable rates without compromising on coverage.
With our help, you can find the cheapest tow truck insurance that doesn’t leave your business exposed. We’re experts at comparing rates from top providers, such as Progressive tow truck insurance, ensuring you receive the most cost-effective and reliable options available.
Get a Free Tow Truck Insurance Quote Today
If you’re ready to save money on your tow truck insurance, contact Insured ASAP for a quick and easy quote. Our team of commercial auto insurance agents, experienced with the ins and outs of tow truck insurance, are standing by to help you find the best policy for your business at a price you can afford.
Read more: Illinois Tow Truck Insurance Requirements
