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The average semi truck insurance costs between $3,000 and $5,000 a year for owner operators that lease on to a motor carrier. For an owner operator with their own authority, the average cost is $9,000-$12,000 per truck.

The names of a few Trucking companies that offer subsidized training are as follow, Swift Transportation, Roehl Transport, Knight Transportation, PAM Transportation, etc.

The weight of the truck affects truck insurance rates. Heavier vehicles require higher coverage limits, and so cost more to insure. This is in part due to the amount of damage a heavier vehicle can cause compared to a slower one, as well as the difficulty of stopping suddenly.

The cheapest state for commercial truck insurance is Mississippi. In some instances, Mississippi's rates are four times less than other states. For example, an estimated cost of insurance in Mississippi is $4,664, while in Georgia it would cost $20,641.

Some of the top trucking companies are FedEx, United Parcel Service (UPS), Landstar System, Old Dominion Freight Line, J. B. Hunt, ArcBest, Yellow Corp, XPO Logistics.

National average monthly cost for commercial truck insurance ranged from $650 for specialty truckers to $1000 for transport truckers. Remember, these are only averages. Insurance companies use many rating factors to calculate rates, and each can have a big influence on premium.