ATRI launches research to address rising commercial auto insurance costs and risk management
Key takeaways
- Trucking insurance premiums rose 36% per mile over eight years, pressuring fleets to reassess total cost of risk.
- Fleets use safety tech, alternative coverage, and deductibles to control rising insurance costs and manage risk.
- Participating in ATRI research provides fleets with peer comparisons and actionable insights on cost and safety strategies.
The American Transportation Research Institute (ATRI) recently announced new research examining rising insurance costs and strategies for managing risk in the trucking industry. The company, which conducts data-driven research to improve trucking operations and safety, is seeking participation from motor carriers across the U.S.
The research will focus on insurance coverage trends from 2021 through 2024, as well as fleets’ use of safety technology and alternative insurance arrangements, such as self-insurance or captives. All data submitted will remain confidential, with ATRI signing non-disclosure agreements as requested. Participating fleets will receive a customized report comparing their total cost of risk with anonymized peer data.
“The total cost of risk is growing annually for every fleet, regardless of size. While many carriers are cutting back on insurance coverage to control expenses, premiums keep climbing—and reducing coverage only heightens exposure to catastrophic litigation,” Josh Hankins, J.B. Hunt SVP of safety and security, said. “Today, trucking faces a perfect insurance storm. Fortunately, ATRI’s insurance research will offer critical insights into strategies fleets can adopt to manage these costs and measure their impact.”
Motor carriers can complete the survey online or via PDF. The submission deadline is Friday, December 19.
This piece was created with the assistance of generative AI tools and was edited by our content team for clarity and accuracy.