1 minute read
Customized Coverage For Towing Businesses
A tow truck business earns income by towing disabled vehicles. If that’s what you do, you should carry customized tow truck insurance. Examples of businesses that might need commercial tow truck insurance include:
• Roadside service providers
• Auto club contractors
• Rotational towing
• Auto body shops
• Auto mechanical repair
• Full service stations
• Auto salvage and auction haulers
Towing and storage protection
Towing insurance can cover more than your typical wrecker or rollback truck. Tow truck companies often carry the following:
• Garagekeepers
• On-Hook Towing insurance
• Tow General Liability insurance
Tow truck insurance coverages
Various towing insurance coverages that you’ll want to consider for your commercial vehicles include:
• Liability insurance
• Medical Payments Insurance
• Physical Damage Coverage
• Uninsured Motorist Insurance
How much is tow truck insurance?
In 2020, the national average monthly cost for tow truck insurance through Progressive was $448. While this is good to know, it doesn’t necessarily reflect your specific situation.
There are many rating factors that influence your cost including your location, type of towing, and driving history. For example, our data represents new annual policies with both primary liability and physical damage coverages and a clean driving record for all drivers. You can expect your cost to vary depending on your needs.
Whether you’re seeking cheap tow insurance or you need specialized coverage, our licensed professionals can give you a customized quote that fits your particular situation.
For more information on Progressive Commercial visit www.progressivecommercial.com.