Physical Damage Insurance for Trucking Fleets
Your trucks are your business. Physical damage coverage protects the equipment you own or lease — from collisions, theft, fire, vandalism, and the unexpected.
What's Actually Protected
Collision
Covers damage to your truck or trailer from an accident — whether you hit another vehicle, a guardrail, or roll over. Applies regardless of who's at fault.
Comprehensive
Covers everything that isn't a collision: theft, fire, vandalism, hail, flooding, fallen trees, animal strikes, and windshield damage. Also called "other than collision" coverage.
Specified Perils
A more limited option that covers only named risks — typically fire, theft, lightning, and explosion. Lower premium, but narrower protection. Available from some carriers as an alternative to full comprehensive.
Who Needs This Coverage
Physical damage isn't required by the FMCSA the way auto liability is. But that doesn't mean it's optional.
If you have a loan or lease on your trucks.
Your lender or lessor requires physical damage coverage as a condition of financing. No coverage, no loan.
If you own your equipment outright.
You could self-insure — but replacing a $150,000 truck out of pocket after a total loss will end most operations. PD coverage is how you stay in business after the worst day.
If you operate older equipment.
Even on paid-off trucks, the math usually works. A $3,000 annual premium to protect a $40,000 asset is straightforward risk management.
What Determines Your Rate
Physical damage premiums are driven by the value of what you're insuring and the risk of losing it.
Vehicle Value
The higher the stated value or actual cash value of your trucks, the higher the premium. This is the single biggest factor.
Deductible Choice
Higher deductibles mean lower premiums. Most fleets choose $1,000–$5,000 depending on their cash flow and risk tolerance.
Fleet Size & Age
Newer trucks cost more to insure but break down less. Older trucks are cheaper to insure but may not be worth carrying full coverage on.
Garaging Location
Where your trucks are parked overnight matters. High-theft areas or flood zones increase your rate.
Loss History
Prior physical damage claims directly impact what carriers will charge. A clean loss run is your best negotiating tool.
Usage & Radius
Long-haul trucks face more road exposure. Local operations with trucks garaged nightly get better rates.
Safety Features
Dash cams, GPS tracking, anti-theft systems, and collision avoidance technology can earn discounts.
Coverage Type
Full comprehensive costs more than specified perils. Collision is typically the most expensive component because accidents are the most common loss.
Why It Matters Who Places This
Physical damage is where carriers make their margin — and where the wrong agent costs you the most.
We access 300+ carriers. We submit to the right ones.
Physical damage pricing varies more than any other coverage line. The same fleet can see quotes range from $4,000 to $12,000 depending on the carrier. We know who's competitive for your equipment profile.
We structure your coverage to save money.
Sometimes splitting collision and comprehensive across different carriers saves thousands. We'll run the combinations and show you the math.
We match deductibles to your operation.
A $2,500 deductible on a 50-truck fleet versus a $1,000 deductible changes your annual premium by tens of thousands. We help you find the sweet spot between cash flow risk and premium savings.
We handle total loss claims.
When a truck is totaled, the payout depends on whether your policy is actual cash value or stated value — and how well your agent set it up. We make sure your valuations are right from day one.
Common Questions About Physical Damage Coverage
Get Your Physical Damage Quote
Tell us about your fleet. We'll protect what moves your business.
(510) 270-8141