Product Overview
OOIDA is known for representing owner-operator independent drivers aggressively and offers a wide range of affordable commercial truck coverage plans. It markets itself as one of the most experienced commercial truck insurance specialists in the United States and has been developing products that are low cost for truck drivers since the 1970s.
As a company, OOIDA prides itself and knowing that each driver’s situation is unique. By providing knowledgeable representatives that can get you the right information on the best policy for your needs, OOIDA brings several policy options to the table.
Specifications and Benchmarks
Providing an extensive array of truck insurance coverage types, OOIDA not only covers all of your basic truck insurance types but also brings added benefits to the table. Protecting yourself and your business is important, so go with a company that has a solid rating as a company financially, brings great customer service to its policyholders, and has a staff that really knows the trucking business in and out. You can qualify for some discounts, and plans are offered in most states.
Commercial Truck Insurance Coverages
There are several truck insurance coverage types to consider, and OOIDA has them. Insurance types that are provided by the company include primary liability, commercial general liability, motor truck cargo, passenger accident coverage, physical damage coverage, and there are many optional insurance types for commercial insurance policyholders who also have physical damage insurance.
If you purchase physical damage insurance, you can get additional downtime coverage, breakdown coverage, personal property insurance, limited depreciation coverage, supplemental towing coverage, and rental reimbursement, among others. You can also get trailer interchange coverage. As stated, many options are available for you to provide maximum flexibility.
Commercial Truck Insurance Discounts
One of the biggest ways to get the lowest rates possible on truck insurance is comparing premiums and policies from multiple companies. You will want to be honest with your agent about your work history and conduct your business in a professional manner in order to save the most money. Most discounts that are available from OOIDA involve being responsible and maintaining your business to be around for the long haul.
Pros and Cons
There are many truck insurance options available, and the agents and staff at OOIDA are very knowledgeable about what they do. Being able to work with a company that really knows the trucking industry makes many drivers more comfortable. You can get competitive rates on policies that fit your needs, and there is a lot of flexibility with such a large number of commercial truck insurance options.
A few brokers might not work with OOIDA because the truck insurance is not AAA rated. For some people, this means less access to loads, and for others, it is not impactful at all.
Customer Satisfaction Ratings
OOIDA has solid customer satisfaction ratings and is a trusted company for commercial insurance plans.
Financial Stability Ratings
OOIDA has solid financial stability ratings as well and is a company that has been providing commercial insurance policies for truckers since the 1970s.
