How this estimate works
Motor truck cargo insurance pays for freight that is lost, stolen or damaged while a trucking company carries it. Insureon reports that trucking companies buying this coverage through it pay a median of $129 a month, about $1,548 a year. Inland marine insurance protects business property that moves or sits off-site, such as tools, equipment, goods in transit and installation materials; Insureon's median is $48 a month, with retailers at $137 and cleaning businesses at $42.
The calculator starts from the motor truck cargo median and scales it by the ratio for the coverage type you choose. Insureon notes that inland marine premiums depend mostly on the value of the insured property, and that items worth more than $2,500 may need to be scheduled separately at a higher cost.
What is included
- Motor truck cargo for for-hire carriers, often required by shippers and brokers
- Inland marine forms such as equipment floaters, bailee coverage and transit coverage
Limitations
The value and type of goods, theft exposure, routes, limits per vehicle and per load, deductibles and refrigeration breakdown coverage drive real prices. Open perils coverage costs more than named perils. Ocean and international shipments are insured under marine cargo policies, often priced as a rate on shipment value, which this estimate does not cover; for those, request a quote.
This is an indicative estimate, not an offer of insurance. Policies are issued by licensed insurers and placed through licensed producers in your state. Compare real offers by requesting a quote.