Owner Operator Insurance Cost Colleyville, Texas
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Colleyville, Texas. 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 Colleyville, Texas with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Colleyville, Texas 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
- Berkley Prime
- Falls Lake
- Great Lakes
- Allied World
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Tokio Marine
- National General
- Great American
- ACE / Westchester
- National Casualty / Nationwide
- Scottsdale Brokerage
- Crum Forster
- James River
- IFG – Burlington
- Carolina Casualty
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.
- 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.
- 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.
- 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.
Colleyville is a city in northeastern Tarrant County, Texas, United States, centrally located in the Dallas–Fort Worth metroplex. A wealthy suburb of the Dallas/Fort Worth area, Colleyville was originally a small farm town in the 19th century. The population was 22,807 at the 2010 census.
Emerging from a number of small, rural settlements along the Cotton Belt Route, Colleyville was originally known as Bransford when Dr. Lilburn Howard Colley settled there in 1880. He was a prominent area physician and a veteran of the Union Army. In 1914, when Walter G. Couch opened a grocery store near Dr. Colley’s home, the community was renamed Colleyville in his honor.
On January 15, 2022, a hostage crisis occurred at Congregation Beth Israel, a synagogue in Colleyville. Four hostages were held for a number of hours before police shot and killed the perpetrator. The FBI said it was investigating the incident as a “federal hate crime” and an “act of terrorism”.
Colleyville is located at (32.885062, –97.149233).
According to the United States Census Bureau, the city has a total area of 13.1 square miles (33.9 km), with approximately 0.08% of its area as water.
As of the 2020 United States census, there were 26,057 people, 9,249 households, and 8,084 families residing in the city.
Colleyville uses a council–manager government, consisting of an elected city council composed of the mayor and six at-large councilmembers and a city manager appointed by the council. The current city manager is Jerry Ducay.
The city is a voluntary member of the North Central Texas Council of Governments.
According to the city’s 2017 Comprehensive Annual Financial Report, the city’s various funds had $42.4 million in revenues, $35.1 million in expenditures, $221.5 million in total assets, $19.5 million in total liabilities, and $57.5 million in cash and investments.
Colleyville, located in the conservative stronghold of northeastern Tarrant County, votes overwhelmingly Republican in all elections, as do most suburban cities in the Dallas–Fort Worth metroplex.
The city almost entirely lies within the boundaries of Texas House District 98 and Texas Senate District 10, with a few houses lying within Texas House District 92 and Texas Senate District 9.
Grapevine-Colleyville Independent School District serves most of the city. The district operates eleven elementary schools (pre-kindergarten through 5th grade), four middle schools (6th–8th grades), and two high schools (9th–12th grades). Colleyville Heritage High School and Grapevine High School both draw students from different areas of Colleyville.
Northwestern Colleyville lies inside Keller Independent School District, which maintains one campus within the city. Birdville Independent School District, Carroll Independent School District, and Hurst-Euless-Bedford Independent School District also serve small portions of Colleyville.
Colleyville Covenant Christian Academy is a private religious school serving pre-kindergarten through 12th grade and is a fully accredited member of the Texas Association of Private and Parochial Schools.
Two Texas state highways run through city limits. Texas State Highway 121 runs along a portion of the eastern edge of Colleyville, while Texas State Highway 26, also known as Colleyville Boulevard or Grapevine Highway, bisects the city, running southwest to northeast. The speed limit on every road in the city is 30 mph, excluding the 45 mph speed limit on Highway 26 set by TxDOT.
The Grapevine Vintage Railroad runs through the city along the former Cotton Belt Route right-of-way, offering rides on vintage locomotives from downtown Grapevine to downtown Fort Worth. Commuter rail service began on January 10, 2019, with the introduction of TEXRail, offering service from Fort Worth to DFW Airport through Northeast Tarrant County. Due to immense opposition from the Colleyville City Council and residents, the commuter train does not stop in Colleyville, so the closest stations are the North Richland Hills/Smithfield station to the west and the Grapevine station to the east.
Two major airports serve passengers in the Metroplex. Dallas/Fort Worth International Airport, one of the busiest airports in the world, provides airline services to over 200 destinations. American Airlines, headquartered nearby in Fort Worth, maintains its largest hub at DFW. Colleyville has experienced significant population growth because of its proximity to the airport. Dallas Love Field, in Northwest Dallas, is home to the headquarters of Southwest Airlines and serves as a focus city for the airline.
The Cotton Belt Trail is an eleven-mile bicyclist and pedestrian trail that lies parallel to the former Cotton Belt Route railroad through Grapevine, Colleyville, Hurst, and North Richland Hills, with 3.4 miles running through Colleyville. The Colleyville Nature Center also provides a 1.25 mile hiking trail.
Small fleet truck insurance encompasses a large portion commercial truck insurance policies that are written for truckers. You need an agent that understands these markets.
We will explain your options in detail. We answer your questions. How many trucks can I grow to? Can I add and remove trucks? How fast can I swap trucks? Can I have owner operators leased on? How fast can I get a COI?
Small fleet truck insurance pricing starts at 3 trucks. We work with 20 plus commercial truck insurance companies to help you find the best commercial truck insurance rates. Our carriers have high AM Best Ratings.
No matter if you are a seasoned trucking operation hauling UIIA intermodal or you are looking to expand the cargo you are hauling. We have markets to help you either way.
Does your policy have the CA 2317 endorsement? What chassis pools are your working with? If you work with an EP that in not on the UIIA EP list. How is this handled? For example, Direct Chassis. Does your trailer interchange offer the same coverage as non-owned trailer coverage? Do you have the correct blanket AI and WOS endorsements? Do I need workers compensation? Can I work ports and rails? Is there a radius limit? You do not want to buy a commercial truck insurance policy only to find out it will not offer the correct UIIA coverages. Your agent should have a network of commercial truck insurance companies who offer the correct UIIA endorsements on your policy?
Shopping for the Best Trucking Insurance for New Authority can be task that never seems to end. You get phone call after phone call. And in many cases each agent you speak with may have a different story concerning what type of coverages you need and what is a good price. Chances are most new authorities shop for the best price. You want the least expensive but buying based upon price only could cost you more money in the long run. What if you buy insurance for your new authority based upon price only? Then find out shortly after you have paid your deposit and your policy is in place. The agent who sold you this policy did not tell you the restrictions your commercial truck insurance company has in place. They may not offer coverage for certain types of cargo or may restrict your growth. There are many pitfalls for buying just based upon price. It is good to shop and compare quotes, but do it based upon price and the know the restrictions that maybe enforced by the carrier. Not knowing these restrictions could get your policy cancelled. Or you may have to cancel the policy yourself to get insurance coverage with another carrier. Either way this could put you back to ground zero and cost you money. Talk with an agent at JDW Truckers Insurance who will help you shop for the best price with the correct coverages.