How much is commercial truck insurance in Ontario?

Commercial truck insurance in Ontario costs between $10,000 and $18,000 per year for individual owner-operators. Fleets generally pay $6,000 to $11,000 per truck depending on safety records. Premiums rely heavily on your CVOR status, driving history, US cross-border exposure, and cargo value.

Key Factors Affecting Ontario Rates

• Experience Level: New ventures often face facility rates exceeding $20,000, while drivers with 3+ years of experience qualify for standard market pricing.
• Operating Radius: Long-haul carriers crossing into the US pay significantly more than local Ontario operators due to higher liability requirements.
• CVOR Record: A clean Commercial Vehicle Operator's Registration is critical; a single serious violation can double your annual premium.

To secure the lowest rate, maintain a clean abstract and have a specialized broker shop your profile with multiple Canadian trucking insurers.