Issue Background

Urge Congress to Halt FMCSA's Rush to Raise Insurance Requirements

This is an issue that could have as much, if not more, of an impact on you as a professional driver than changes to the hours-of-service rules or other FMCSA-regulatory mandates.  That is why you and all professional drivers need to take the opportunity NOW to tell Congress how increasing insurance requirements will impact you. Truckers need to tell everyone why unnecessarily increasing insurance requirements will be bad for small businesses and bad for highway safety. 


Letter from OOIDA and other stakeholders in opposition to increasing financial responsiblity requirements.

Read FMCSA's Advance Notice of Proposed Rulemaking

Read comments submitted by fellow truckers and others

The Federal Motor Carrier Safety Administration (FMCSA) currently requires interstate motor carriers to have at least $750,000 of liability insurance coverage. FMCSA’s own research shows that insurance requirement is 99.4% effective in covering the costs of insurance claims. The agency’s research also shows that the current liability requirement is more than sufficient to cover the average costs of claims ($16,000 per claim). However, FMCSA has started a regulatory rulemaking that could lead to a drastic and unnecessary increase in the amount of liability insurance that they require trucking companies to purchase and carry. Recent legislation asked for the amount to be increased from $750,000 to $4,200,000. While no specific amount has been proposed by the FMCSA yet, any increase will affect every professional trucker – whether they are an owner-operator buying insurance directly, an owner-operator leased to a carrier or an employee driver who operates a company truck – all will be impacted by this policy change.  Even if FMCSA selects a smaller increase, it could lead to owner-operators being forced out of business, small fleets with family-supporting jobs being forced to cut trucks and drivers, and larger fleets putting more dollars towards insurance payments and less towards compensating employee drivers for their hard work and safety on the road.

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