How Much Does It Cost to Start a Hot Shot Trucking Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
Updated: 3 days ago
Hot shot trucking is one of the most accessible ways to enter the freight and logistics industry. With lower startup costs than traditional trucking and growing demand for time-sensitive deliveries, many entrepreneurs are exploring this opportunity. But how much does it really cost to start a hot shot trucking business?
At Wexford Insurance, we specialize in helping hot shot trucking businesses get the insurance coverage they need to operate safely and legally. In this guide, we’ll break down the key startup costs and help you understand what to budget for when launching your business.
Startup Costs for a Hot Shot Trucking Business
Here’s a breakdown of the major expenses involved in starting a hot shot trucking operation:
1. Truck and Trailer
Pickup Truck (Class 3–5): $35,000–$70,000
Gooseneck or Flatbed Trailer: $7,000–$20,000
2. Licensing and Permits
USDOT and MC Number: $300–$500
IRP and IFTA Registration: Varies by state
BOC-3 Filing: $20–$50
3. Insurance
Insurance is one of the most critical and variable costs. You’ll need:
Typical monthly premiums range from $1,000–$2,500, depending on your coverage and driving history.
4. Equipment and Supplies
Tie-downs, chains, tarps, GPS, ELD device: $1,000–$2,000
5. Marketing and Branding
Website, logo, business cards, load board subscriptions: $500–$1,500
Total Estimated Startup Cost
Most hot shot trucking businesses can get started with $50,000–$90,000, depending on equipment choices and insurance rates. While this is a significant investment, it’s far less than the cost of launching a full-scale trucking company with Class 8 vehicles.
Why Insurance Should Be a Priority
Hot shot trucking involves high-value cargo, tight deadlines, and long hours on the road. Without proper insurance, a single accident or cargo loss could put your business at risk.
Wexford Insurance is a niche-focused agency that understands the unique needs of hot shot trucking businesses. We work with top carriers to provide tailored coverage that keeps you compliant and protected.
