Hunter NelsonOwner of Nelson Insurance Agency

Trucking Insurance: The REAL Cost of New Ventures (3-Year Truth)

23 Dec 2025 · 1 min

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Hunter Nelson explains how commercial trucking insurance costs evolve for new ventures: high first-year premiums (examples cited: $15k–$25k) with little change at first renewal, modestly more options after two years, and meaningful rate improvement after three consecutive years in business with no insurance lapses or non-payments. The video frames a 3-year insurance history as the turning point for carriers to view a company as lower risk.

Questions this video answers

Examples cited: $20,000; $15,000; $25,000.

Three years consecutive in business with no lapses in insurance and few/no non-pays.

Chapters

Like I said, new ventures can be tougher. And so first year round, you guys just got done insurance. First year, hey, survive that 20k premium, 15k premium, 25k premium, things can get better in my renewal. Probably not too much first year round, nothing's really going to change. So one year goes by, nothing's really going to change. Two years goes by, okay, now you got some options. Three years where it really hits. But two years now in business, you know, Great west may be more willing to take it, Northern might be more willing to take you. Now year three is around, what do things look like if you guys are really clean, You've proven yourself an insurance company's eyes, right? And you get three years consecutive in business, not a lot of non pays. You haven't any laps in insurance. 3 years consecutive insurance history, right.