OOIDA Insurance – Is It Worth It?

(Last Updated On: March 16, 2024)

Owner-operator independent driver association or OOIDA is the best-suited truck insurance for small owner-operator truck businesses. OOIDA is available in all fifty states of the USA and provides a wide range of coverage ranging from primary owner-operators to leased owner-operators with many additional coverage options. 

autonomous trucks

OOIDA is famous for its strong representation of individual trucker drivers and the Owner-Operator small businesses. It offers a wide range of reasonable truck insurance to many small trucking businesses. OOIDA has been working since the 1970s and is considered one of the most professional commercial truck insurance companies in the country. The affordable insurance policy and outclass customer service make it everyone’s favorite.

OOIDA knows every trucking business and especially the distinctive needs of owner-operator companies. It is a fully-owned subsidiary, Owner-Operator Services, Incorporation, and can give you the correct information about the best policy and a complete spectrum of general and primary liability coverage.

OOIDA offers easy monthly installments with no high up-front costs and additional finance prices. Your fleet business can benefit from many offers and save a lot of money.


truckers talking

OOIDA not only offers truck insurance but quite many other services and benefits too. For example, OOIDA offers calamity and health benefits for its freight company members. Their medical benefits group provides essential medical benefits for both truck drivers and their families. The best thing is that these programs have been customized specifically to fulfill the individual requirements of everyone. OOIDA is known for striving to give the most reasonable yet complete insurance offers and policies to the truck business.

They also offer business assistance. And with this initiative, OOIDA makes accessible its knowledge, vast experience, and expertise of the complex legal problems that truck companies and drivers face continuously. The department of OOIDA, which provides business assistance, has employed trucking expert professionals who assist members with fundamental knowledge on topics like law enforcement, federal and state regulations,  rights protection, and warranty issues.


autonomous trucks

Presently, OOIDA insurance is an international association that expresses the interests and needs of professional truck drivers,  independent owners, and freight companies and provides solutions to all problems concerning truckers. Its main office is in Washington, D.C., which helps experienced and new drivers of small business truckers to participate in the legislative and regulatory process. In addition, it allows drivers and freight companies to claim their right to insurance by telling their side of the story. 

Owner-Operator Individual Driver Association OOIDA has more than 160,000 partners in 50 states in America and some in Canada as well. These members operate collectively to work with more than 300,000 individual small trucks and other heavy truck fleets. The Washington, D.C. office orchestrates an advocacy effort that always alerts other members whenever legislative developments change or require action.

OOIDA is vigorously involved in all regulations of transportation policy and road safety. OOIDA plays an important role in almost all of the significant rulemaking that concerns new or experienced truckers. After all these years of useful work, OOIDA makes its existence felt in the insurance industry and at conferences and organizations. They also attest to all necessary trucking problems-related court hearings.

Why Choose OOIDA Truck Insurance

These are some of the reasons to choose OOIDA for your fleet.

  • They provide the best professional legal advice from experienced agents.
  • There are no hidden terms of renewal. 
  • The best customer service and driver support.
  • Wide range of insurance coverages from primary to general and additional specific coverages.
  • No financing costs with manageable monthly installments.
  • Reasonable rates with several discounts and waivers.
  • Convenient turnarounds on documentation and primary decisions.
  • Specific underwriting.

Types and Cost of OOIDA Insurance

Coverage  Primary Coverage

It is an insurance policy for the loss of an insurer, such as bodily injury or property damage to a third party. OOIDA offers risk coverage that meets the legal responsibilities of the owner-operators who have their own authority and they are transporting products that are exempt. Federal Motor Carrier Safety Administration FMCSA requires a minimum of $750,000 to freight companies, and most shippers and brokers need more significant limits of up to 1 million. If you want to activate your authority, this coverage is required.

Liability  General Liability

General liability coverage can be bought in combination with primary liability coverage, which will cost you less, and you can save a considerable amount on premiums. This coverage will protect you against property damages and bodily injuries that happen out of premises and during the operation of trucks to third parties and even some company products.

Accident  Passenger Accident Coverage

This coverage has no age or deductible limits. In addition, it offers coverage in case of dismemberment and death and accidental medical expense coverage for authorized drivers and other members of the freight company.

Physical Damage  Physical Damage

This type of insurance by OOIDA covers any damage or loss to an insured truck caused by accident, fire, vandalism, and theft on a practical cash value basis. Their coverage also includes glass repair, glass chip breakage, and even downtime coverage with no extra premiums to member companies.

Motor Truck Cargo  Motor Truck Cargo

This insurance policy covers damage to products or merchandise transported in the insured vehicle and includes additional offers for debris removal, refrigeration breakdown, food spoilage, and more. OOIDA understands its customer’s needs and offers a large range of policies. Supplemental offers like towing & clean up are also available when you buy cargo insurance with OOIDA.

Reporting  Additional Downtime Coverage

OOIDA has many additional offers too. Additional downtime coverage provides extensive protection for the duration of downtime in case of repairs for the coverage of physical damage insurance claims. You can obtain coverage of $300 every day to an $18000 maximum limit. After the application of additional downtime coverage, the waiting time may extend to 14 days. 

property   Personal Property

There is also an option that provides protection of personal property held in the truck. These personal items will not be compensated in any other insurance policy in case of damage. OOIDA offers a number of policy limits starting from $2,000 to $5,000, so drivers can select the amount of coverage that they need. Each insurance limit is dependent on a deductible.

Rental Reimbursement  Rental Reimbursement

Rental reimbursement provides repayment for a rental truck to replace a driver’s personal vehicle in case of the truck is not working. The damage to the truck was caused by physical damage during transportation and will be covered by other policies. The highest coverage available for rental reimbursement is approximately  $300 per day per vehicle, with another policy of a maximum of $9,000. Rental reimbursement is also available for casualties covered under the roadside breakdown of vehicles.

Frequently Asked Questions (FAQs)

What types of insurance coverage does OOIDA offer for truckers?
OOIDA provides a comprehensive range of insurance options tailored to the unique needs of the trucking industry, including primary liability, general liability, physical damage, motor truck cargo, passenger accident coverage, and several additional options such as downtime coverage and rental reimbursement.

Who is eligible for OOIDA insurance?
OOIDA insurance is designed for small owner-operator truck businesses, including both primary owner-operators and leased owner-operators. Eligibility criteria focus on the nature of the trucking operation and compliance with industry regulations.

How does the claims process work with OOIDA?
OOIDA’s claims process aims to be straightforward and efficient, with a focus on quick turnaround times for documentation and decision-making. Policyholders are encouraged to contact OOIDA directly at the occurrence of an incident to initiate the claims process.

Are there any specific conditions or exclusions in OOIDA’s policies?
Like all insurance policies, OOIDA’s offerings come with certain conditions and exclusions, which are detailed in the policy documents. It’s important for policyholders to review these documents carefully and consult with OOIDA’s representatives to understand any specific terms that apply.

Can I make monthly payments for my OOIDA insurance policy?
Yes, OOIDA offers the convenience of easy monthly installments for its insurance policies, with no high up-front costs and additional finance prices, making it easier for small businesses to manage their cash flow.

What additional benefits does OOIDA provide to its members?
Beyond truck insurance, OOIDA offers a variety of services and benefits, including health benefits, business assistance, and legal advice from experienced professionals. These programs are designed to support the overall well-being and operational success of truckers and their families.

All in All

It should now be very clear, after knowing their benefits and services, that OOIDA understands the trucking business, owner-operators, and truck drivers’ distinctive requirements. OOIDA provides you with correct information and a broad range of insurance coverage and policy options for your freight company. OOIDA also has the condition for easy monthly installments that do not demand enormous upfront costs. There are no additional finance prices as well. Apart from main primary and general liabilities, several practical and easy additional coverage offers help drivers and small businesses directly. 

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About the author

Picture of Laraib Shah

Laraib Shah

With a keen interest in the trucking industry, Laraib has dedicated years to understanding and writing about fleet management solutions. As a freelance writer, her insights are backed by hands-on experiences and meticulous industry research. She loves sharing her knowledge with the readers of When she's not writing about trucking, she enjoys connecting with her fellow fleet managers and truckers.

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Share what you learned!

About the author

Picture of Laraib Shah

Laraib Shah

With a keen interest in the trucking industry, Laraib has dedicated years to understanding and writing about fleet management solutions. As a freelance writer, her insights are backed by hands-on experiences and meticulous industry research. She loves sharing her knowledge with the readers of When she's not writing about trucking, she enjoys connecting with her fellow fleet managers and truckers.

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