Box Truck and Van Insurance: What You Need to Know

There’s a reason our truck and van clients consistently send their friends to us for their van and truck insurance, they know we’ll work to get their box trucks the best coverage possible.

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Being a box truck owner can be a risky job at times. When a delivery box truck flipped over on the MD-140 in 2016, one person was airlifted to Shock Trauma. A tractor-trailer and a box truck collided along Interstate 95 in Jessup, MD, and both drivers were injured and hospitalized in another accident. In 2020, a teen bicyclist died after he got hit by a box truck.

These are just some reasons why truck and van clients consistently send their friends to us for their van and truck insurance. They know they need the best insurance because of the nature of their job, and we work hard to get their box trucks the best coverage possible.

If you have acquired a commercial box truck, you will want to make the most out of your purchase. Here’s what you need to know about commercial box trucks, the cost of box truck insurance, and whether your business needs it.

What is a Box Truck?

To begin with, a box truck is a commercial vehicle with separated cargo and cab area. The distinctive name of this truck originates from the fact that the cargo area of the truck is shaped like a box. 

Commercial box trucks are adaptable vehicles that can easily haul cargo of any type. Business owners across industries value box trucks for their protected cargo space and their powerful engines. 

Another distinctive feature of a box truck is the cargo area door — every standard box truck has a rear roll-up door. However, you might also see box trucks that have side doors or even rear-hinged doors. 

What is the Difference Between a Box Truck and a Van?

The main difference between a box truck and a delivery or a step van is that you can access the cargo box of a box truck only through the rear or side doors rather than from the cab.

Other trucks that fall into the box truck category include:

  • Cube vans
  • Cube trucks
  • Straight trucks
  • Dry vans
  • Dry freight
  • Medium-duty vans

What is Box Truck Insurance?

Commercial box truck insurance is a package of specialized auto policies to insure the risks of owning and operating a box truck or van. The insurance is tailored to cover businesses like moving trucks and haulers and protect the truck, the driver, and the cargo.

How Much Does Box Truck Insurance Cost?

The cost of box truck insurance depends on many variables. Your overall cost is mostly reflected in the coverages you choose, the worth of your vehicles, your employees’ driving records, your location, your area of operation, and the size and age of your business.

On average, box truck businesses that own a single box truck and that have been in business for at least three years without a reported accident will pay between $3,000 and $5,000 a year. New box truck businesses can expect to pay a bit more.

How to Lower the Cost of Box Truck Insurance

Some of the ways to lower your box truck insurance rates include:

  • Better driving history: Insurance companies offer cheaper premiums to businesses with clean driving records.
  • Bundle package: Instead of buying all liabilities separately, it is cheaper to bundle all of them in one insurance package.
  • Yearly plans: Box truck businesses that pay their insurance once a year instead of every month can reduce their premium overall from 10% to 20%.
  • Shop around: The easiest way to get a lower premium is to shop for policy packages from different insurance companies and compare the premiums. 

Do I Need Box Truck Insurance?

Box trucks are the real heroes of the transportation industry. However, in today’s crowded roadways and with distracted drivers, box truck business can be dangerous for truckers and business owners. 

When your box truck is your entire business, you need to do everything you can to mitigate the risks in case there is a serious issue. There are many types of businesses that haul goods that require box truck or straight truck insurance. 

Here are some of the most common types of businesses we insure that require box truck insurance:

  • Junk Removal
  • Furniture Delivery
  • Pallet Delivery
  • Small Apartment Movers
  • Small Office Movers
  • Moving Services
  • Small Truck Store
  • Retail Delivery

Finally, all states require box truck insurance, and each state has its own minimum requirements for liability coverage. 

While your box truck needs to comply with the minimum requirements in the state in which it’s registered, you should consider additional coverage to protect your truck and your business from potential losses. 

Ready to Start?

Our Vehicle Insurance agents are available to guide you.