Across the transportation sector, insurance premiums continue to climb, and fleets are feeling the pinch. Rates are being driven higher by nuclear verdicts in court cases, increased repair costs due to supply chain issues, and the overall rise in claim frequency and severity.
For many trucking companies, insurance is one of the largest expenses after fuel and payroll and was the third overall industry concern in the 2025 American Transportation Research Institute (ATRI) report, which makes controlling these costs more important than ever.
Drive Savings with Strategy
The good news is that trucking carriers have options. Partnering with an agent who specializes in transportation ensures access to markets beyond traditional carriers, including captives, risk retention groups, and alternative risk financing programs. These options can provide more control over long-term costs while rewarding fleets that maintain strong safety records. By exploring these avenues, companies can avoid being stuck with year-over-year increases from the standard market.
Operational improvements also play a key role in reducing premiums. Fleets that implement safety technology such as dashcams, telematics, and driver scorecards often see not only fewer accidents but also stronger negotiating positions with underwriters. Insurance carriers want to see documented risk management strategies, and they often reward fleets that can prove they’re actively reducing their exposure.
Carriers shouldn’t wait until renewal season to think about their insurance strategy. By reviewing loss history, updating driver files, and engaging in early discussions with their agent, companies can put themselves in the best possible position when it’s time to renew. Insurance costs may be rising across the industry, but with preparation and the right partnerships, fleets can keep them manageable.
Your Potential is Our Purpose
At Holmes Murphy, we understand that trucking is more than just moving freight—it’s about managing risk in an unpredictable industry. That’s why we go beyond simply placing coverage. Our team of transportation specialists works side by side with fleets to analyze loss history, implement safety programs, and explore innovative insurance solutions such as captives and alternative risk structures.
We also advocate for our clients in the underwriting process. By presenting carriers in the best possible light, showcasing safety investments, training initiatives, and technology adoption, we help negotiate more competitive rates and favorable terms. And when claims do happen, we stand side by side with our clients to navigate the process efficiently and protect their long-term insurability.
Our team doesn’t just sell policies—we collaborate with trucking companies to build insurance strategies that are sustainable, competitive, and aligned with their operational goals. If you’re ready to work with a partner who understands your unique potential, reach out today.
