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Understanding Physical Damage Insurance What does physical damage insurance mean?

Physical damage insurance for truckers is an essential form of coverage that provides protection against damage to commercial trucks and trailers. This insurance covers a wide range of incidents, including collision, theft, fire, vandalism, and damage caused by falling objects or extreme weather conditions (depending on the policy and insurance carrier).

Here are just a few things that will be covered:

  • 1 Collision Damage: Protects against damage caused by a collision with another vehicle, object, or structure.
  • 2 Theft: Covers theft of the commercial truck or trailer. If a truck is stolen and not recovered, the insurance can pay for the cost of replacement.
  • 3 Damage from fire or vandalism: Protects against damage resulting from fire or vandalism.
  • 4 Cost of repairs or replacement: Covers the cost of repairs or replacement of the damaged or destroyed vehicle, up to the policy limit.
  • 5 Falling objects or extreme weather conditions: Some insurance policies may cover damage caused by falling objects, such as a tree branch, or extreme weather conditions, such as a hailstorm or flood.


When Cheap Truck Insurance agents are determining pricing for physical damage insurance, they will typically consider a variety of factors related to the vehicles being insured. These may include the age, make, and model of the truck, as well as the value of the equipment and the deductible and coverage limits selected by the insured. Other factors that can impact the cost include the driving record of the operator, the routes that will be driven, and the type of cargo being transported. By taking all of these factors into account, agents can help clients find the most affordable and comprehensive coverage that meets their unique needs.

At Cheap Truck Insurance, our agents specialize in providing affordable insurance options for truckers, to help ensure that your business is protected on the road.

Factors affecting your insurance coverage

There are a lot of factors to consider when trying to determine the price.  At Cheap Truck Insurance, we work with multiple insurance carriers to find the best coverage options at the most affordable prices, ensuring that your business is fully protected.

Here is what to consider:

  • Age & value of the vehicle
  • Vehicle Make & Model
  • Driving history
  • Location of Vehicle
  • Type of cargo
  • Coverage limits and deductible
  • Safety features and anti-theft devices
  • Number of vehicles insured
  • Number of Vehicles Insured: Insuring multiple trucks or trailers may result in lower insurance premiums due to discounts for insuring multiple vehicles.
  • Safety Features & Anti-Theft Devices: Trucks or trailers equipped with safety features and anti-theft devices may be considered lower risk and therefore may result in lower insurance premiums.
  • Driving History: Drivers with a history of accidents or violations may be considered high-risk, and therefore may have higher insurance premiums. Similarly, less experienced drivers may also have higher premiums.
  • Location of Vehicle: Insurance premiums can vary depending on the location where the truck is primarily operated. Areas with higher accident or theft rates may have higher premiums.
  • Vehicle Make & Model: Certain makes and models of trucks or trailers may have higher repair or replacement costs, which can impact the cost of insurance.
  • Coverage Limits & Deductible: Coverage limits and deductibles can also impact the premium. Higher coverage limits and lower deductibles typically result in higher premiums.
  • Age & Value of the Vehicle: Generally, the more expensive the truck or trailer, the higher the premium will be. Newer vehicles may also have higher premiums since they have a higher value and are more expensive to repair or replace.
  • Type Of Cargo: Certain types of cargo may be considered higher risk and therefore may result in higher insurance premiums.
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How To Get Physical Damage Insurance Today!

From collisions, theft, to vandalism Physical damage insurance covers all the important things.

To obtain this coverage, you can follow these simple steps:

Fill out our online quote request form

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Our Trucking Insurance Experts Answer Your Questions

How to better understand the coverage better?
Physical Damage Insurance VS Garagekeepers Insurance

These types of coverage are two different types of policies that provide coverage for commercial trucks and trailers. While both are important, they differ in terms of what they cover, the perils they protect against, the cost, and the requirements for obtaining coverage.

Here's an in depth look at how they differ:

Coverage: Physical damage insurance covers damages to your own vehicle, while garagekeepers insurance covers damages to vehicles that are in your care, custody, or control.

Perils: Physical damage insurance typically covers a wide range of perils, including collisions, theft, fire, vandalism, and more. Garagekeepers insurance typically covers specific perils, such as fire, theft, or vandalism ect.

Cost: The cost of physical damage insurance tends to be higher than garagekeepers insurance, as it provides broader coverage for your own vehicles. 

Requirements: Physical damage insurance is typically required if you have a loan or lease on your vehicle, while garagekeepers insurance may be required if you operate a business that provides repair or storage services for customers' vehicles.

Trucking insurance questions and answers
Physical Damage Insurance VS Liability Insurance

These types of coverage are two essential types of coverage for commercial vehicles. They differ in what they cover, requirements for obtaining coverage, and cost. Understanding these differences can help you choose the right policies and ensure adequate protection.

Here's an in depth look at how they differ:

How You're Covered: Physical damage insurance typically covers damage to your own vehicle, while liability insurance covers damages or injuries you may cause to others.

What is covered: Physical damage insurance can cover a variety of perils, including collisions, theft, fire, and vandalism, while liability insurance generally covers only damages or injuries caused by your vehicle while in operation.

Required: Physical damage insurance is optional, while liability insurance is legally required in most states for commercial vehicles.

Cost: The cost of physical damage insurance is based on the value of your vehicle, while the cost of liability insurance is based on factors such as your driving record, type of cargo, and coverage limits.

Who Needs Physical Damage Insurance?

If you own or operate commercial trucks or trailers, it's important to have physical damage insurance to protect your investment in case of an accident, theft, or other covered event. Here are some examples of who needs coverage:

  • Owner-operators who own their own trucks or trailers
  • Trucking companies that operate their own fleets of vehicles
  • Businesses that lease or finance trucks or trailers
  • Independent contractors who use their own trucks or trailers for work

Get in touch with Cheap Truck Insurance today and start driving with the peace of mind of being covered!