Motor Truck Cargo Insurance
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What Motor Truck Cargo Covers
Motor Truck Cargo Insurance protects the freight you are hauling if it is damaged, lost, or stolen while in transit. This coverage helps trucking companies and owner-operators protect the value of the cargo they are responsible for delivering.
Cargo Damage
Covers damage to the freight you are transporting if it is harmed during an accident, fire, or other covered event.
Cargo Theft
Protects against financial loss if cargo is stolen while in transit or during a covered stop.
Cargo Loss
Helps cover the value of freight that is lost or destroyed during transportation due to a covered incident.
What Cargo Insurance Does NOT Cover
Motor Truck Cargo Insurance protects the freight you haul, but it does not cover every type of cargo claim or loss. Some situations, cargo types, and events may be excluded depending on the policy.
Improper Loading
Damage caused by improper loading or securement may not be covered, especially if the freight was not loaded correctly before transport.
Employee Dishonesty
Loss caused by employee theft or dishonest acts may be excluded unless specifically added to the policy.
Certain Cargo Types
Some policies may exclude items such as jewelry, live animals, contraband, perishables, or high-value goods unless scheduled.
Delay or Market Loss
Cargo insurance usually does not cover financial losses from delivery delays, lost market value, or missed deadlines.
Coverage terms vary by insurer, so trucking companies should review exclusions carefully and make sure the policy fits the freight they haul.
How Much Motor Truck Cargo Insurance Costs
Motor Truck Cargo Insurance is typically one of the more affordable trucking coverages, but the price depends on what you haul, the value of the freight, and your risk profile. Most owner-operators and trucking companies pay a few hundred to a few thousand dollars per year per truck for cargo coverage, depending on policy limits and cargo type. For many trucking operations hauling general freight, a $100,000 cargo policy often costs around $500–$2,000 per year, though higher-risk cargo or larger coverage limits can increase the premium.
$100,000 Cargo Limit
$500 – $2,000 per year per truck
Common for general dry freight.
Refrigerated Cargo (Reefer)
$1,000 – $2,800+ per year
Higher because temperature-controlled freight has a greater risk.
High-Value Freight
$2,000 – $8,000+ per year
Applies to electronics, pharmaceuticals, or other high-theft cargo.
Who Needs Cargo Insurance
Owner-Operators
Running your own authority
✔ Protect freight you haul
✔ Meet broker requirements
✔ Avoid paying out-of-pocket
✔ Grow your business safely
Trucking Companies
Shipping freight for customers
✔ Protect high-value cargo
✔ Satisfy contracts & shippers
✔ Reduce financial risk
✔ Keep loads moving
Contract Carriers
Hauling freight for brokers
✔ Meet broker insurance rules
✔ Win more freight contracts
✔ Build trust with shippers
✔ Stay compliant & covered
Even if it’s not required by law, cargo insurance is essential to protect your trucking business.
Motor Truck Cargo Insurance FAQ
Get answers to common questions about Motor Truck Cargo Insurance, including requirements, coverage limits, and when trucking companies typically need this protection.
Is motor truck cargo insurance required?
Motor Truck Cargo Insurance is not always required by federal law, but many freight brokers, shippers, and logistics companies require it before assigning loads to a carrier. Having cargo insurance helps demonstrate reliability and protects your business if freight is damaged, stolen, or lost during transport.
How much cargo insurance do trucking companies need?
Most trucking companies carry cargo coverage limits between $100,000 and $250,000, depending on the type and value of the freight they haul. Higher limits may be required for high-value loads such as electronics, pharmaceuticals, or specialized equipment.
Does cargo insurance cover theft?
Many cargo insurance policies include protection against cargo theft. However, coverage may depend on how the cargo was secured, where the theft occurred, and whether the trucking company followed required safety procedures.
Does cargo insurance cover driver mistakes?
Cargo insurance may cover certain losses caused by accidents during transportation. However, policies often exclude losses caused by improper loading, delivery delays, or violations of the policy terms.
Even if it’s not required by law, Motor Truck Cargo Insurance is an important protection that helps trucking companies safeguard their freight, meet broker requirements, and operate with confidence.
Get a Motor Truck Cargo Insurance Quote
Danaco Group helps owner-operators, new authorities, and trucking fleets find the right Motor Truck Cargo coverage for their operation. Our team works with trucking businesses across Texas to provide fast, competitive quotes.
Danaco Group helps owner-operators, new authorities, and trucking fleets find the right Motor Truck Cargo coverage for their operation. Our team works with trucking businesses across Texas to provide fast, competitive quotes.