Founded
1930
Monthly Range
$1,000-3,200/mo
Coverage Types
5
Deductible
$2,500-10,000
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Our Review
Protective Insurance Corporation (formerly Baldwin & Lyons) has specialized in transportation insurance since 1930. Based in Indianapolis, they're one of the few carriers with deep expertise in heavy haul, oversized loads, and specialized equipment operations. Their underwriters understand the unique risk profile of wide loads, permits, escort requirements, and the specialized equipment used in heavy hauling. While they serve the broader trucking market, their heavy haul expertise is what sets them apart from generalist insurers.
Pros
- Specialized underwriting expertise for heavy haul, oversized, and specialized equipment
- Understanding of permit requirements and escort operations reduces coverage gaps
- 95+ years focused exclusively on transportation insurance
- Claims team experienced with the unique liability exposures of heavy and oversized loads
- Coverage available for specialized trailers like lowboys, RGNs, and multi-axle configurations
Cons
- Higher premiums for standard freight operations where they face stiffer price competition
- Smaller company footprint means fewer agent partnerships in some regions
- Technology platform is functional but basic — limited digital self-service options
- Response times can be slower during peak seasons when heavy haul claims spike
Our Verdict
Protective Insurance is a specialized choice that excels in a specific niche — heavy haul and oversized operations. If you're running standard dry van or reefer freight, there are better value options in our rankings. But if your fleet includes lowboys, RGNs, or you regularly move oversize loads, Protective's underwriting expertise and claims experience make them worth the premium. They understand risks that general trucking insurers simply don't, and that understanding translates to properly structured coverage and fairer claims outcomes when things go wrong.
Pricing & Premiums
Monthly Premium
$1,000-3,200/mo
Deductible Range
$2,500-10,000
Protective's pricing reflects the higher liability exposure inherent in heavy haul and oversized operations. Standard freight operators will generally find more competitive options elsewhere. However, for heavy haul specialists, Protective's pricing is often the best available because they understand the risk better than generalist carriers who simply add premium surcharges for oversized loads. They offer fleet discounts starting at 3 power units and reward clean safety records aggressively.
Coverage Types Available
- Primary Liability
- Physical Damage
- Cargo
- Excess Liability
- Inland Marine
Coverage Options
- Primary Liability
- Physical Damage
- Cargo
- Excess Liability
- Inland Marine
Feature Comparison
| 24/7 Claims | |
| In-House Claims | |
| Risk Management | |
| Safety Programs | |
| Online Portal | |
| Mobile App | |
| Flexible Payment | |
| Multi-Truck Discount |
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