Primary liability, cargo, physical damage and occupational accident or workers' compensation each have a premium. Together they can add a large amount to every mile.
Add up every policy
Use the yearly premium for each, including fees and taxes, and any monthly payment plan charges.
Divide by miles
Yearly premiums divided by yearly miles gives the insurance cost per mile. Fewer miles means a higher cost per mile.
Shop before renewal
Start talking with your agent 60 to 90 days before the renewal date. Clean inspections and claims history help.
Our insurance cost per mile calculator works it out.
General information, not legal, tax or financial advice.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
