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.

Rates for comprehensive coverage or collision coverage on an older vehicle may be lower than what one would pay for those same coverage on a newer car that's worth more. Older cars are typically worth less, as their value depreciates over time.

Trucking companies are charged with ensuring that their clients' property reaches its destination safely and on time. Cargo insurance covers loss or damage to freight while in transit. This type of policy often comes with a number of coverage exclusions.