Are you looking for commercial tow truck insurance? At Insured ASAP, we specialize in providing towing companies with affordable coverage. Whether you own a single truck or operate a fleet, our experienced agents help you secure a policy that meets all legal requirements and protects your business.
Who Needs Tow Truck Insurance?
Commercial tow truck insurance isn’t just for traditional towing businesses. Any company that operates tow trucks or offers towing services needs proper coverage. Common businesses that require tow truck insurance include:
- Towing & Roadside Assistance Companies – Protection for accident recovery, vehicle breakdowns, and emergency towing.
- Repossession Companies – Covers legal liabilities involved in vehicle repossession.
- Auto Repair Shops & Dealerships – If you tow customer vehicles for service or transport.
- Salvage & Junk Car Haulers – Coverage for towing vehicles from accident sites or auctions.
If your business involves towing for profit, you need a commercial tow truck insurance policy to stay compliant and protected.
What Does Comprehensive Tow Truck Insurance Include?
Tow truck insurance packages protect your vehicle and ensure your business is protected from financial risks. A commercial tow truck insurance policy typically includes:
- Auto liability insurance
- On-hook towing insurance
- Garage liability insurance
- Garage keepers insurance
- Workers’ compensation insurance
- General liability insurance
- Commercial umbrella insurance
Learn more about tow truck company insurance requirements.
How Much Does Tow Truck Insurance Cost?
The monthly cost of commercial tow truck insurance depends on several factors, including:
- The type of tow trucks you operate (light-duty, medium-duty, or heavy-duty wreckers).
- Your company’s driving history—a history of accidents or violations increases rates.
- Coverage limits and deductibles—higher limits increase costs, while higher deductibles lower premiums.
- The size of your fleet—insuring multiple trucks may qualify for fleet discounts.
Average Tow Truck Insurance Costs
- Light-Duty Tow Trucks: $350–$750/month
- Medium-Duty Tow Trucks: $450–$1,200/month
- Heavy-Duty Tow Trucks: $800–$2,500/month
With Insured ASAP, we compare rates from multiple providers to ensure you receive the most competitive pricing based on your business needs.
Get Cheap Tow Truck Insurance Today
When looking for the cheapest tow truck insurance in Chicago, you need to consider both price and coverage. At Insured ASAP, we partner with various tow truck insurance companies to provide you with the most affordable rates without compromising on coverage. Contact us today for a quick and easy quote.
