Hunter NelsonOwner of Nelson Insurance Agency

Trucking Insurance Slash Premiums with Mileage Reporting!

26 Jun 2026 · 1 min

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In this brief instructional video, Hunter Nelson explains how accurate mileage reporting and payroll audits can directly lower trucking insurance costs. He illustrates that if a carrier estimates 1,000,000 miles for the year but actually drives 900,000 miles, the insurer typically refunds about 10% of the premium on lines that use mileage reporting, most commonly auto liability. The same principle applies to workers' compensation: if payroll is over‑estimated, the carrier pays extra, and if it’s under‑estimated, they receive a refund. Nelson stresses that these adjustments vary by insurer and that a proactive insurance agent should track mileage and payroll throughout the year to capture savings and avoid surprise premium increases.

Chapters

say, hey, I've got X amount of trucks, I'm gonna be doing 1 million miles this year. Okay, great. Let's just say, for example, this is, uh, yearly. You go out there and drive 900,000 miles. Great. You're getting 10% of your premium back for whatever lines they're doing the mileage reporting on. Uh, typically be auto liability. They can throw in other lines in there as well. Just kind of depends insurance company to insurance company. So then if you guys are familiar with work comp, it's very much just like that. You guys go say your payroll's gonna be $1 million, ends up being $900,000. You get 10% back. Vice versa, you say it's a million, it's 1.5, you gotta pay an extra 50% of premium, which is why a good insurance agent should be reaching out to you throughout the year and keeping track of that stuff, right? So that is a good way to really go in here and, and, uh, help those premiums just because you guys do have differences between this stuff.