Hunter NelsonOwner of Nelson Insurance Agency

Truck Insurance Why Smaller Trucks Cost More

9 Jun 2026 · 1 min

Watch on YouTube

0:40

In this segment, Hunter Nelson explains why insurance premiums for smaller trucks—such as pickups, hot‑shot rigs, and box trucks—tend to be higher despite their size. He notes that insurers have fewer product options for these vehicles, and claims data shows a higher frequency of losses among them. The largest claim agency in his experience is a box truck. Nelson attributes part of the elevated risk to the absence of a Commercial Driver’s License (CDL) requirement for many of these trucks, which he believes leads to more accidents.

Chapters

do not have a semi, you are going to have a lot less insurance options. I— even though it is a smaller truck, it is just based off the claims with those trucks. And so my best guess is we've actually had more claims with, with, uh, the smaller trucks like pickup trucks or the Hot Shots, and then, uh, and then box trucks and stuff too. Our largest claim agency is a box truck. And so that is just the statistics there. They are more claims with that. And it's the main thing I can think of is it's because there's no CDL involved. And I really shouldn't say because that's what I can think of. That's what it is. There's no CDL involved. There's more accidents.