Jury awards exceeding $10 million in trucking and commercial vehicle cases increased 52 percent in 2024, according to industry data cited by JEB Insurance Group, and the trend is driving commercial auto insurance premiums higher across the towing industry. Towing operators performing accident recovery, heavy-duty work, and repossession face the highest premiums due to elevated claim severity, with median commercial auto costs reaching approximately $737 per month.
Operator takeaway
Your insurance premium is not rising because of your claims history alone — it is rising because jury awards industry-wide have reset what insurers expect to pay, and towing operators are now in the same risk pool as over-the-road trucking.