How Carriers Can Combat 2026 Insurance Premium Increases

Key Details Insurance costs continue climbing for trucking fleets, rising 3% in 2024 to 10.2 cents per mile after a sharp 12.5% jump in 2023. Industry data shows 2025 rates are expected to exceed 2024's increases, with insurance costs and availability now ranking as the third biggest concern for carriers. The number of insurers willing to write trucking policies is shrinking, limiting fleet options. Why Rates Are Rising Repair costs have surged due to advanced vehicle technology and longer lead times, increasing downtime for carriers. Accident frequency remains a major driver of premiums, while 74% of commercial drivers report witnessing unsafe driving around trucks. Driver distraction is widespread, with one in four professional drivers admitting to distractions from GPS and work calls. Additional cost pressures include cargo theft, lawsuit abuse, and rising truck prices. Insurers note the industry has been profitable in only one of the past ten years, forcing rate adjustments to cover observed losses. Available Solutions Insurers say tools exist to help fleets minimize premium increases. Carriers should focus on reducing accident rates, implementing driver safety programs, and minimizing downtime through maintenance planning. ATRI is surveying operational costs through April 24 to help the industry better understand and address these rising expenses.