Dump Truck Insurance Florida


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Harold Hampton
Harold Hampton
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These guys are amazing! Not only are they quick to respond but they saved me hundreds of dollars on my home and car insurance. I will continue to use them on all my rental properties!
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Mark Davis
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Florida Business insurance

Dump Truck Insurance in Florida - How Much is it?

According to the U.S. Department of Transportation, there are about half a million truck accidents every year on the national roadways, and a lot of them involve dump trucks. As an owner-operator or a company owner with a trucking business involving a dump truck fleet or heavy-duty commercial trucks, you have to consider a significant investment for your business, such as obtaining Florida dump truck insurance coverage. A Florida insurance on a dump truck is a must-have, as it is specifically designed for this particular situation.

The State of Florida requires trucking companies to purchase Primary Liability Insurance and Personal Injury Protection to continue operating inside the state of Florida. The minimum insurance depends on the Gross Vehicle Weight (GVW) of the truck, limiting available up to $1 Million on primary liability insurance and $10,000 on personal injury coverage. Other policy options besides dump truck insurance are physical damage, bodily injury, cargo, and medical bills.

What is Dump Truck Insurance in Florida?

Truckers insurance in Florida belongs to the general category, commercial vehicle insurance. Like any other vehicle, dump truck owners are recommended to purchase Florida dump truck insurance coverage before legally using trucks for business. This is particularly important for heavy-duty vehicles like dump trucks that can cause severe damage.

What Does Commercial Dump Truck Insurance Cover?

Basic truckers insurance Florida provides mandatory coverage needed to operate a dump truck. Dump truck insurance covers minimum bodily injury and property damage liability insurance, which are required by state law. To ensure your business is protected correctly, besides Florida dump truck insurance, you may want to consider the following additional options of insurance on dump truck.

Non-Trucking Insurance

Suppose you get involved in an accident while driving your vehicle during off-work hours. Non-trucking policy coverage is for independent owners or operators with contract jobs.

Motor Truck General Liability Insurance

General liability insurance protects business owners from liability and any damage caused to their customer’s property while they are operating on their grounds.

Physical Damage Insurance

It covers any damage to your vehicle and is required by dealerships if you are renting a dump truck.

Collision Insurance

This truck insurance policy will cover the repair expenses for your dump truck’s damage due to collision with another vehicle.

Fire and Theft Insurance

This truck insurance coverage compensates the expenses for the damages to the vehicle caused by fire or theft.

Motor Truck Cargo Insurance

This coverage protects the motor truck cargo you haul in your vehicle and is mostly required if the cargo is valuable.

Rental Reimbursement / Downtime Insurance

If your vehicle is involved in an accident and gets damaged, this coverage will help you continue your business operations while your vehicle is being repaired. It will also compensate for losses in case it is impossible to continue operation.

Off-Season Comprehensive Only Insurance

Protects your vehicle while it is not used for business operations, especially when your business is seasonal.

Whether your business operates only a single dump truck, a motor carrier, or a fleet of dump trucks, it is best to have a customized commercial auto insurance coverage.

How Much a Dump Truck Cost

A dump truck can be a costly investment for many companies, but it can save money. However, aside from your business need of a dump truck, it depends on whether you or your employees are qualified to operate it.

The value of dump truck, similar to other vehicles, depreciate as time goes by. So it could help you save money if you purchase an old one instead of a new one. This type of vehicle is known for extensive use, so even it is old, it can still serve its purpose fine. A dump truck’s actual cost depends on the vehicle itself, at about $100,000 to $150,000 for a new unit, and only for $15,000 to $100,000 for a used one.

The same with cars, purchasing an old dump track can be very affordable, and high maintenance and high repair costs. In contrast, a vehicle in good shape will cost $30,000 to $40,000. In addition to the used vehicle, refurbished trucks are also available. These are units that were modified by the manufacturer after some defects. However, they have the same warranties as to the new ones. Understandably, they have been sold once, returned, and repaired.

How Much Money You Can Earn For Owning a Dump Truck?

Dump truck owners can make money out in one of the two options. First is by working as a driver or by leasing out the vehicle. The income you may earn from it will depend on how many vehicles you own, the type of clients you work with, and how many working hours. Landscaping companies, building contractors, and mining companies often need a this type of vehicle to carry heavy materials, tools, and equipment to and from the working site—other local activities such as snow removal during winter.

Dump Truck Driver Salary

Bureau of Labor Statistics (BLS) has designated a category for “Heavy and Tractor-trailer drivers” to which dump truck drivers fall under. The average salary for drivers in this category is $43,590. The average median wage in 2016 was $41,340, which is $19.87 per hour. To compare, the median salary for all occupations was $37,040, which means the dump truck drivers earn higher than the average wage.

Leasing Out Your Truck

Leasing out your vehicle is not as profitable as using it yourself because you are not charging for your labor. But it is a good way of earning when there is a low demand for drivers. BLS estimates that the heavy truck driving business will grow 6% by 2026, which means there will be demand for dump truck leasing services.

Deduct Your Expenses

There are expenses associated with owning and operating a dump truck that you should deduct from your business’s gross income. A significant expense is the truck’s cost, which ranges from $20,000 to $160,000, which depends on the age, mileage, make, and model. You also have to provide commercial driver’s licenses and the usual running expenses, including vehicle tax, insurance, and fuel. In addition to that is the cost of advertising to attract prospective customers, and the dump truck insurance policy. Deducting these expenses will help you determine your profit for owning a dump vehicle.


Basic trucking insurance Florida is mandated for vehicles like dump trucks. Obtaining dump truck insurance coverage from the right insurance company will help you mitigate your risks in case of accidents during your business operation or even when you drive your vehicle during off-work hours. A knowledgeable insurance agent will help you understand Florida dump truck insurance for your dump truck business. It will also help you find the right insurance company and correct insurance coverage, at prices that you can afford.

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