Physical Damage Coverage for Your Fleet Investment
Collision, comprehensive, trailer interchange and gap protection for tractors and trailers at stated value or actual cash value.
Physical Damage Insurance insurance for trucking fleets in 50 states
Physical Damage covers your power unit and trailer for collision, comprehensive, and specified perils. Stated value, ACV, or agreed value — we structure it to fit your equipment and lender requirements.
Prestige Trucking Insurance places physical damage insurance coverage for motor carriers running three or more trucks and is licensed in 50 states. We compare A rated commercial trucking insurance carriers to find the coverage your operation needs at the lowest qualified rate available to you.
Why Prestige
- Built for owner-operators and fleets alike
- Compared across hundreds of A-rated carriers
- Tailored limits, deductibles, and endorsements
- Independent advice — we work for you
Who needs it
- → Owner-operators running under their own authority
- → Small to mid-size trucking fleets
- → Carriers hauling regulated commodities
FAQs
How fast can I get a quote?
Most quotes are turned around the same day. Complex risks may take 24–48 hours.
Do you compare multiple carriers?
Yes. We are independent and shop hundreds of carriers to find your lowest qualified rate.
Can I bundle this with other coverage?
Absolutely — bundling often unlocks meaningful discounts. Ask your specialist about packaging.
Your equipment is the balance sheet, not just the tool
A late model sleeper and trailer can represent a quarter million dollars of exposure per unit. Physical damage restores that asset after collision, fire, theft, vandalism, hail and other covered perils, and it is the coverage your lienholder will not let you skip.
How the unit is valued matters more than most fleets realize. Stated value caps the payout at the number you declared, actual cash value pays depreciated market value, and agreed value locks the figure in writing. We match the valuation method to your loan balance so a total loss does not leave you paying on a truck you no longer have.
Underinsured equipment is the quietest gap in trucking
Values set three years ago do not reflect what a replacement tractor costs today. When the stated value is low, the settlement is low, and the fleet finances the difference. We revalue every scheduled unit at renewal against current market data and your loan balances.
855-643-3881Coverage modules
Collision
Repairs or replaces your unit after impact with another vehicle or object, at fault or not.
Comprehensive
Fire, theft, vandalism, hail, flood, falling objects and animal strikes on tractors and trailers.
Trailer interchange
Physical damage protection for non owned trailers pulled under a written interchange agreement.
Gap coverage
Bridges the difference between the settlement and the remaining balance on financed equipment.
Towing and recovery
Winching, upright and transport costs after a covered loss, which frequently exceed the repair itself.
Custom parts and equipment
Schedules APUs, chrome, lift gates, wet kits and specialized bodies so they are valued, not argued over.
Cost saving strategy
| Scenario | Lever | Effect on annual physical damage premium |
|---|---|---|
| $1,000 deductible | Lowest out of pocket per loss | Highest premium, best for tight cash flow fleets |
| $2,500 deductible | Balanced retention | The most common structure for fleets of 3 to 15 units |
| $5,000 deductible | Highest retention | Meaningful premium reduction when the fleet can self fund small hits |
| Telematics and dash cams | Verified driving behavior | Unlocks credits with several carriers and strengthens claim defense |
Questions motor carriers ask
Is physical damage insurance required by FMCSA?
No, FMCSA does not mandate physical damage insurance, but lienholders and financing companies require it to protect the market value of the tractor and trailer against accidents, theft or natural disasters.
What is the difference between stated value and actual cash value?
Stated value caps the payout at the amount you declared when the unit was scheduled, while actual cash value pays the depreciated market value at the time of loss. Agreed value fixes the settlement figure in the policy and removes the argument entirely.
Does physical damage cover trailers I do not own?
Only through trailer interchange coverage. Standard physical damage responds for scheduled owned units, so any non owned trailer pulled under a written interchange agreement needs its own limit.
Get Stated Value Quote
Send your equipment schedule with VINs and loan balances. We will price stated value and agreed value side by side at three deductible levels.
Fleets of three or more power units across the 50 states we are licensed in.
Physical Damage Insurance coverage across the 50 states we serve
Filing requirements, limits and endorsements change from state to state. Our specialists review your lanes, loss history, FMCSA safety rating and shipper requirements before recommending physical damage insurance limits, then walk you through every policy decision in plain language.
We work with regional fleets, long haul carriers, owner-operators running under their own authority and first year new authority trucking companies. When your fleet crosses state lines, we structure the program so it stays compliant in every jurisdiction you run.
As an independent agency we do not answer to one carrier. We answer to you, which means we can move your account when a carrier pushes an unjustified renewal increase.
Who needs physical damage insurance coverage?
Physical Damage Insurance coverage is for commercial motor carriers whose contracts, lenders or regulators require it, and for fleets that could not absorb the loss out of pocket. A Prestige specialist reviews your operation and returns options from A rated carriers, usually the same business day. Call 855-643-3881.
Regions we serve
- Southeast: Florida, Georgia, Tennessee, North Carolina, South Carolina, Alabama
- Texas and the Gulf: Texas, Louisiana, Oklahoma, Arkansas, Mississippi
- Midwest: Illinois, Ohio, Indiana, Michigan, Missouri, Wisconsin, Minnesota
- Northeast: Pennsylvania, New Jersey, New York, Maryland, Virginia, Massachusetts
- West: California, Arizona, Nevada, Washington, Oregon, Colorado, Utah
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