How much is truck insurance in Ontario?

Commercial truck insurance for Ontario owner-operators typically costs $10,000 to $18,000 annually. New ventures often pay $20,000 to $35,000 due to lack of history. Your final premium depends heavily on years of experience, CVOR rating, U.S. exposure, and specific cargo requirements.

Key Cost Factors

• Operating Radius: Long-haul routes into the U.S. cost 20-30% more than local Ontario cartage due to higher liability risks.
• Experience Levels: Drivers with 3+ years of commercial experience and clean abstracts qualify for standard market rates rather than high-risk facility pools.

To lower your rate, maintain a clean CVOR and request a quote comparison with a $2,500 or $5,000 deductible to reduce upfront premiums.