Who has the cheapest insurance for new drivers?

New commercial drivers typically rely on Facility Association (the insurer of last resort) with premiums between $15,000 and $25,000 annually. However, joining an established fleet allows access to standard markets like Intact or Echelon, significantly reducing per-truck costs to $6,000-$9,000.

Key Cost Factors for New Truckers

• Owner-Operator vs. Fleet: Independent new ventures almost always require high-risk "Facility" insurance, while fleet drivers benefit from volume discounts and established CVOR ratings.
• Experience Thresholds: Most standard insurers require 3 years of verified commercial driving history before offering competitive market rates.
• Equipment Age: Older trucks (10+ years) may limit your insurance options further, forcing you into higher premium brackets regardless of your driving record.

Contact a specialized Ontario trucking broker to determine if you qualify for any market exceptions or fleet inclusions to avoid maximum Facility rates.