How to get the best rates for your tow truck insurance

If you’re looking for tow truck insurance, you may have heard that this type of insurance is expensive because insurers view tow truck businesses as risky. While this may have merit, there are a few ways to save money and obtain reasonable rates. Here are some tips:

Keep a flawless loss history

Insurers want to see a loss-run report to understand the claims and losses from your business. Keeping this low or flawless by having strict safety policies and training will help you have less risk. Additionally, small losses should be covered by your company instead of filing a claim to keep your history low.

We can help you save on your tow truck insurance.

Hire good drivers

One of the best things you can do is hire drivers who are responsible and experienced. If they don’t have a good driving record, it will reflect on your insurance premiums. Make sure to check their motor vehicle reports and make sure they follow high safety standards.

Identify risks

Look at the risks your tow truck business may face and come up with ways to reduce risk. What are the things that can cause a loss for your company? What about the things that could be a liability and send you to court?

Make safety changes

Your agent should be able to let you know what safety changes you can make to help make your premiums lower. This could also help qualify you for discounts because you meet the criteria.

Shop around with us!

Each insurer is different and uses its own criteria for determining its rates. Our specialty here at is getting different quotes from multiple carriers allows you to comparison shop and make sure you’re getting the best coverage at a rate that works for you. Shop multiple carriers when you shop with us!

Opt for a higher deductible

A higher deductible may give you lower premiums, but you will have to pay more out-of-pocket costs when filing a claim. As long as your team is utilizing good safety protocols to avoid losses, this may be a good alternative to paying extremely high premiums.

We can help you save on your tow truck insurance.

Maintain your trucks

Keeping your tow trucks in top condition can stop them from having excessive maintenance issues that may make them unsafe to drive. If a tow truck is not working properly, the drivers should be trained in reporting and documenting these issues immediately.


A GPS system can help you assess how fast your drivers are going to determine if they are using safety protocols. This can also deter them from speeding, which may help you obtain lower premium rates.

Implement pre-trip inspections

Inspecting the tow trucks before they are put on the road helps drivers know if they have an underlying problem. This can avoid having to make a claim due to negligent practices in maintaining the vehicles.

The location of your business can also affect your premium, as well as what you are hauling with your tow trucks. Insurance companies also look at how established your business is. If you have been around for a while with a good history, chances are your rates will be lower.