Can truck drivers make 100k in Canada?

Yes, experienced long-haul owner-operators in Ontario frequently earn over $100,000 net annually. While gross revenue can top $250,000, your take-home pay depends on managing overheads like commercial insurance, which typically costs $12,000 to $20,000 per year for cross-border operations.

Impact of Insurance on Trucking Income

• U.S. Exposure Costs: Cross-border drivers earn higher rates per mile, but insurance premiums are typically 20-30% higher than domestic policies due to increased liability risks.
• Experience Requirements: To secure insurance rates low enough to net $100k, underwriters generally require 3 years of verifiable experience and a clean record.
• Cargo Factors: High-paying specialized loads require higher cargo insurance limits (often $250,000+), which increases your fixed annual operating costs.

To ensure insurance premiums don't consume your profits, maintain a flawless CVOR and abstract to qualify for preferred markets. Contact a specialized broker to compare long-haul coverage options before committing to contracts.