PROTECTING YOUR TOWING BUSINESS – WHAT IS TOW TRUCK INSURANCE?
A tow truck hauls or carries vehicles or other cargo. A tow truck or wrecker can often weigh more than 26,001 lb. Tow truck insurance covers for bodily injury, property damage, personal injury protection or PIP, uninsured and underinsured motorists’ coverage. These are the coverage required by Minnesota law. Optional coverages would include physical damage coverage; comprehensive and collision coverage. Towing businesses also may need on-hook or garage keepers legal liability coverage. These coverages help protect your customers vehicles while you’re towing them or when they are parked on your property. Other commons coverage are general liability insurance, workers comp insurance and cargo.
Common limits of tow truck insurance are $300,000, $500,000 and $1,000,000. These one number figures or single limits represent a combined limit for bodily injury and property damage together. The other way write protection is what’s call split limits. Split limits are often expressed $100,000/$300,000 (100/300) or $250,000/$500,000 (250/500). The first number represents the bodily injury limit per person. The second number presents the maximum payable in one loss.
HOW MUCH IS TOW TRUCK INSURANCE?
The national average roughly is $400 per month. This is a great fact but doesn’t represent your exact situation.
There are multiple factors that go into making up the cost of your tow truck insurance policy in Minnesota. Location, what you are towing, is it just for you or tow for hire, driving records and claim history, length of time with insurance etc.
Complete our short quote form and one of our agents will contact you. We will want to hear about your business, and get details on your vehicles and drivers.
If you’re looking for specialized coverage or just cheap tow truck insurance, you have come to the right place.
WE PROTECT ALL TYPES OF TOW TRUCKS AND WRECKERS
Look at the trucks we insure:
- Flatbed Tow Truck
- Hook and Chain Tow Truck
- Wheel-Lift Tow Truck
- Boom Trucks
- Integrated Tow Truck
HOW TO SAVE ON TOW TRUCK INSURANCE – MAXIMUM QUOTES FOR MAXIMUM SAVINGS
Tow truck insurance is not the easiest to find. There is a line drawn between tow for hire and towing for your own auto repair, auto body or salvage yard. Towing for hire is the most difficult. There are currently about 6 companies writing that in Minnesota. Having 2-3 years of favorable loss history/loss runs and driving records are key to finding the lowest rates.
Are you new in business, just starting? Perhaps you have had a tow truck company for a while and looking for options. We have been helping towing operations for 25 years.
Having the right insurance agent is a key ingredient in helping you find the right protection, at the best price. We are a local Minnesota independent insurance agency that specializes in tow truck insurance. Our tow truck insurance programs are the best in the state of Minnesota.
Some other types of business insurance we offer are, general liability insurance, commercial auto insurance, workers compensation insurance, contractors insurance, restaurant insurance, business owners policy, tow truck insurance, liquor liability insurance and bonds. We also offer personal insurance, car insurance, homeowners insurance, boat insurance, motorcycle insurance, life insurance.
WE CAN PROTECT YOUR TOWING BUSINESS – IT’S AS SIMPLE AS 1-2-3!
We have had a lot of practice insuring tow truck owners for over 25 years. There is an easy way and a hard way, welcome to easy! Helping tow truck owners and business statewide.
1. Get your tow truck quote!
Tell us about your business. Give us the details on your vehicle and drivers. Do you have loss runs or your loss history in writing, send them over! We know the market and will shop multiple insurance companies, saving you both time and money. Do you have some questions? Please ask.
Complete our simple “Quick Quote” form and an experienced tow truck insurance agent be in touch soon. We will start working on your quote immediately.
2. You love the quote and want to start the policy!
Yes! We will send you the tow truck insurance papers to sign electronically on your smart phone or computer. Click, click, click, they come back to us with no printing, faxing or scanning required. People in a minute, it’s really that easy.
We handle your down payment the old fashion way, by phone. High tech is great, but we feel better about handling money this way. Our insurance carriers have flexible down payments and payment plans.
3. Celebrate, it’s that easy!
We know you are feeling good about making the right choice. Rest assured that we have your back now and in the future. What do you do best? We help tow truck owners make the best choice and often save them thousands of dollars.
PROTECT YOUR MINNESOTA TOW TRUCK BUSINESS NOW!
If you currently doing tow for hire and have your tow truck insurance with Progressive, Integrity Mutual, National Indemnity, Capitol Indemnity, you need to call us right away. We saved the last two tow truck companies we wrote $8,000 and $10,000 per year. The owners could hardly believe it, but it’s true.
If you have an auto repair shop, auto body shop or salvage yard (with or without a tow truck), we have killer rates and even more insurance carriers to quote your operations. Discounts for loss free, three of more years in business and AASP. Yes, one of our premier carriers has partnered with The Alliance of Automotive Service Providers. Just one more reason to do business with us.
We have years of experience handling various types of tow truck operations and we want to help you too. Maybe you were referred by a friend, or perhaps you found us online. Either way, we have the tow truck insurance markets to get you the coverage you need at the best rate.
It’s time to get your Minnesota Tow Truck Insurance. Low cost insurance is just a click away!