Insurance Rates for Tow Trucks
Searching for the lowest insurance rates for Tow Trucks,
Turn to Urban Insurance.
We have been a dependable source for Tow Truck Insurance Rates, for Tow Trucks and Flatbeds for 58 years.
We understand the requirements that the Secretary of State has placed on Flatbeds and Tow-Trucks
prior to granting them the “TW” plates needed to operate a towing company.
For more info Contact us at
1-800-680-0707
While many companies are pulling back from offering Tow Truck coverage,
Urban Insurance still has a variety of companies to provide your
Towing business with the coverages you need at the lowest rates.
We can write Insurance for Towing companies throughout all of Illinois.
We can give you the certificates you need to provide to Motor Clubs.
One Tow-truck or 20 Trucks; we can get you the coverage you need quickly and at the lowest rates.
Tow Trucks in Illinois are required to carry specific limits and types of coverage in order to be granted
the TW (towing) Plates they need to legally operate.
Over the recent past, we have had people come to Urban, upset that had been sold policies at other insurance companies
that did not provide them with the correct coverage, leaving them unable to get their plates. So, here are the requirements:
Tow Truck Liability = $500,000csl
Garage Liability = $500,000csl
Car on Hook = $25,000
Tow Truck Liability = $750,000csl
Garage Liability = $750,000csl
Car on Hook = $25,000
Garage Keepers Legal Liability (GKLL): This coverage protects Vehicles that are under your “Care, Custody or Control”
while not on the hook. This is coverage designed for companies that store or repair customer’s cars..
Workers Compensation: This coverage protects your business against your workers attempting to
collect damages based on injuries they say occurred at work.
Physical Damage: This coverage protect YOUR OWN vehicle against loss or damage.
It consists of two parts Comprehensive a Collision.
Comprehensive covers damage to the policyholder’s vehicle from fire, theft, explosions, hail, floods, and vandalism,
Collision insurance covers damage to your vehicle if it is damaged in an accident caused by Colliding with another object or Overturns or rolls.
Check out our discount insurance rates for Tow Trucks and Flatbeds
Please find the links to additional information on the insurance requirements for a Towing Company.
Urban also offers Insurance for:
Messengers, Long and Short Haul Trucking,
Life Insurance, Motorcycle Insurance,
Home-Owners Insurance, Medical Transportation
Commercial FAQ
Secretary of State of Illinois
Insurance Requirements for Tow Trucks
(625 ILCS 5/12-606) (from Ch. 95 1/2, par. 12-606)
Every tow-truck operator shall in addition file an indemnity bond, insurance policy, or other proof of insurance in a form to be prescribed by the Secretary for: garage keepers liability insurance, in an amount no less than a combined single limit of $500,000, and truck (auto) liability insurance in an amount no less than a combined single limit of $500,000, on hook coverage or garage keepers coverage in an amount of no less than $25,000 which shall indemnify or insure the tow-truck operator for the following: (1) Bodily injury or damage to the property of others. |
Tow Truck Insurance requires a specialized policy with several unique features. Purchasing insurance without each of the necessary elements can result in you being denied Towing Plates at the Secretary of state; and/or result in you finding out after an accident that you are not properly covered. Tow truck insurance offers additional coverage by “On Hook Coverage” or damages to vehicles or watercraft being towed by one of your tow vehicles. A tow truck insurance policy will normally include liability coverage for personal and property damage and personal injury protection.
We offer low cost Insurance for: Towing companies that do Repossession or Relocating services. |
Insurance Rates for Tow Trucks
Urban Insurance has a variety of companies to provide your Towing business with the coverage you need at the lowest rates.
We can write Insurance for Towing companies throughout all of Illinois and Indiana.
We can give you the certificates you need to provide to Motor Clubs.
One Tow-truck or 20 Trucks; we can get you the coverage you need quickly and at the lowest rates.
For more info Contact us at
1-800-680-0707
Urban Insurance Agency
800 W Huron St #301
Chicago, IL 60642