Hunter NelsonOwner of Nelson Insurance Agency

Master Policy Insurance Save Big On Trucking Authority #truckinginsurance #truckingjobs

18 Jul 2026 · 1 min

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In this segment, Hunter Nelson explains how a master insurance policy—managed by a broker and underwriter with set rates—can provide trucking carriers with significantly lower premiums compared to individual policies. He highlights that the policy’s competitive pricing can be up to half the cost of another authority holder’s coverage, giving carriers a financial edge that enables them to offer cheaper lease‑on rates to other operators, thereby attracting more business.

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you guys can get those set rates and they can be a little bit cheaper even by having a master policy with multiple different people on it. And you guys know those, you guys know the coverages on there. There's a broker, there's an underwriter, and everything is going to be set and it's going to be much, much, much more competitive. The other big advantage of doing this besides it just being cheaper. And so if you guys can have your own insurance and master policy that is half the price of another authority holder or motor carrier offering them to lease onto their authority is, um, so you guys be half the price, which would save a lot of money, which would bring leverage for them to lease onto you guys instead of somebody else because you have a master policy.