New Venture Tow Truck Insurance

Can a new towing company get insurance?

Yes. Insurers offer coverage to qualifying new towing businesses. Your driving record, towing experience, truck, location, and services help determine which options are available and what they cost.

Include experience you gained while working for another towing company. Your training, time behind the wheel, and familiarity with the equipment can help the insurer evaluate your application.

Let us know if this is your first business policy or if you’ve insured the operation before. Your insurance history is part of the application.

What insurance do you need for your first tow truck?

• Commercial auto liability: Helps cover injuries and property damage you cause to others in an accident involving your insured truck.
• Physical damage: Helps protect your own truck. A lender or leasing company may require comprehensive and collision.
• On-hook coverage: Helps cover customer vehicles during towing or transport.
• Garagekeepers: Addresses customer vehicles at an insured storage or service location. The coverage basis determines how it responds.
• General or garage liability: Helps cover certain claims involving your premises and business operations.
• Workers’ compensation: Helps cover employees’ work-related injuries and illnesses.

Before choosing a policy, check the coverage limits and documents required for your state, permits, and customer contracts. We’ll review those requirements alongside your quote.

Describe the services you plan to offer

Tell us about every service you plan to offer. Breakdown towing, repossession, heavy recovery, and auction transport can have different insurance needs. Include any of the following work in your application:

• Roadside assistance, such as jump-starts and tire changes.
• Breakdown and accident towing.
• Private-property removal and repossession.
• Auction or multi-car transport.
• Overnight storage, repairs or heavy recovery.

Include the types of vehicles you’ll handle and how far you’ll travel. When your plans change, contact us before adding a driver, opening a lot, or starting a new service so we can review your coverage.

Plan for employees and owner coverage

Review workers’ compensation before your first employee starts. State rules vary, and part-time staff or family employees may count. Include drivers, helpers, dispatchers, and office employees in the discussion.

Check coverage for your own work injuries, too. Owner coverage depends on your business structure and state. A customer may also require evidence of it before assigning work.

Our towing workers’ compensation guide covers the state differences. Official resources include the Illinois Workers’ Compensation Commission and Ohio’s state-fund requirements.

How can a new towing business save on insurance?

Compare quotes with the same limits and deductibles. We’ll check available prior-insurance, multi-policy, and payment discounts, including whether your personal auto insurance history qualifies you for savings.

Some telematics programs offer eligible businesses savings and driving feedback. Ask what participation involves and how the data may affect your renewal. See Progressive’s commercial discounts and Snapshot ProView information for examples.

Look at the total premium, down payment, and installments together. A higher deductible may lower the premium, but it should still be an amount your business can pay toward a covered claim.

What to have ready for your quote

• Legal business name, ownership details and address.
• Truck year, make, model, VIN and equipment value.
• Driver information and towing experience.
• Garaging location, services and travel radius.
• Storage locations and expected employees.
• Desired start date and any lender or customer insurance requirements.

Tell us which roadside networks, police rotations, and auction customers you plan to work with. Their requirements may affect your coverage, endorsements, and certificates.

How quickly can coverage start?

Same-day quotes may be available for eligible businesses with complete applications. Driver reports, specialized services, or additional insurer review can take longer.

Once you choose a quote, we’ll help you complete the approval, payment, and paperwork needed to start coverage. Confirm the policy’s effective date along with any required licensing, filings, and network approvals before accepting work.