Cheapest Owner Operators Truck Insurance Cost Matthews, North Carolina
JDW Truckers Insurance can answer your questions regarding Cheapest Owner Operators Truck Insurance Cost Matthews, North Carolina. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Matthews, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Matthews, North Carolina in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Matthews is a town in southeastern Mecklenburg County, North Carolina, United States. It is a suburb of Charlotte. The population was 27,198 according to the 2010 Census.
In the early 19th century, the new settlement that would become Matthews was unofficially named Stumptown for the copious amount of tree stumps left from making way for cotton farms. The community’s name later changed to Fullwood, named after appointed area postmaster John Miles Fullwood. The establishment of a sawmill and the cotton and timber industry helped Fullwood change into a town. Prior to the first train arriving on December 15, 1874, Fullwood acted as a stagecoach stop between Charlotte and Monroe. The town was incorporated into a municipal corporation in 1879, and was renamed Matthews in honor of Edward Matthews, who was director of the Central Carolina Railroad, which would later become known as the Seaboard Air Line Railroad.
Matthews is located at 35°7′1″N 80°42′59″W / 35.11694°N 80.71639°W (35.116851, −80.716409).
According to the United States Census Bureau, the town has a total area of 17.2 square miles (45 km), all land.
Matthews is situated approximately 11.0 miles (17.7 km) southeast of uptown Charlotte.
As of the 2020 United States census, there were 29,435 people, 12,011 households, and 8,496 families residing in the town.
As of the 2006-2008 American Community Survey, there were 26,901 people, 11,349 households, and 7,904 families in the town. According to the Census Bureau of 2000, the population density was 1,557.1 inhabitants per square mile (601.2/km). There were 138 housing units at an average density of 572.7 per square mile (221.1/km). According to the 2006-2008 American Community Survey, The racial makeup of the town was 82.3% White, 10.1% African American or Black, 0.3% American Indian or Alaska Native, 3.7% Asian, 0.00% Pacific Islander, 1.8% of other race, and 1.7% from two or more races. Hispanic or Latino of any race were 4.3% of the population.
There were 7,904 households, of which 36.1% had children under the age of 18 living with them, 63.4% were married/couples living together, 7.8% had a female householder with no husband present, and 25.5% were non-families. 22.4% of households were one person and 8.2% were one person aged 65 or older. The average household size was 2.61 and the average family size was 3.08.
The age distribution was 29.9% under the age of 19, 3.2% from 20 to 24, 25.6% from 25 to 44, 30.3% from 45 to 64, and 11% 65 or older. The median age was 40.3 years.
The median household income was $77,981 and the median family income was $88,600. Males had a median income of $65,909 versus $44,665 for females. The per capita income for the town was $35,250. About 2.8% of families and 3.8% of the population were below the poverty line, including 3.6% of those under age 18 and 4.9% of those age 65 or over.
Matthews is in the Charlotte-Mecklenburg Schools system. Schools in the Matthews city limits include Matthews Elementary, Crown Point Elementary, and Elizabeth Lane Elementary; Crestdale Middle; David W. Butler High School.
Elementary schools serving sections of Matthews include Matthews Elementary, Crown Point, Elizabeth Lane, Mint Hill Elementary in Mint Hill, and Providence Spring (outside of Matthews).
Much of Mathews is zoned to Crestdale Middle School. Portions of Mathews are zoned to Mint Hill Middle in Mint Hill, as well as South Charlotte Middle School. Most of Mathews is zoned to Butler HS, while portions are zoned to Providence High School.
Public charter schools include Matthews Charter Academy, Telra Institute and Socrates Academy. Religious schools nearby include Covenant Day School, Charlotte Christian School, Carmel Christian, Blessed Sacrament Academy, and Greyfriars Classical Academy.
Matthews is served by a branch of the Charlotte Mecklenburg Library. The library is located on the first floor of the Matthews Town Hall and is one of the most active in the system.
Companies with headquarters in Matthews include:
Matthews is home to professional soccer club Stumptown Athletic, named after the suburb’s nickname. It was founded in 2019 and plays in US Soccer’s third division, the National Independent Soccer Association. Its home stadium is the 5,000 capacity Sportsplex at Matthews.
Matthews is twinned with:
