Who has the best tow truck insurance?

Top-rated Ontario providers include Intact Insurance and Echelon for standard fleets, while Facility Association covers high-risk operators. Annual premiums average $10,000 to $25,000, heavily influenced by CVOR rating, years in business, and coverage needs like Garage Auto and On-Hook protection.

Key Factors for Tow Truck Coverage

• Market Availability: Limited insurers write tow risks. Intact is preferred for stability and bundled coverage, while Pafco or Facility serve operators with claims history.
• Required Limits: Municipalities typically mandate $2,000,000 liability, plus Garage Automobile policies to cover customer vehicles in your care.
• Cost Drivers: Experienced operators with a clean CVOR abstract pay significantly less, whereas new ventures often face starting premiums exceeding $15,000 per truck.

Contact a broker specializing in transportation insurance to access these niche markets. Comparing quotes is the only way to balance mandatory bylaw compliance with affordable premiums.