Financial Responsibility Requirements for Commercial Motor Vehicles

Minimum liability insurance levels and related requirements for motor carriers to demonstrate financial responsibility in case of damages from crashes were established in the 1980s by Congressional legislation. These levels have not been changed since then. The question is whether these levels should be raised, weighing the benefits of improved compensation of injured third parties, internalization of freight and passenger transportation costs, reduction of truck- and bus-involved crashes, costs imposed on commercial motor vehicle (CMV) operators, and other relevant considerations. Affected motor carriers are for-hire general freight and passenger carriers in interstate commerce and hazardous materials carriers.

  • Record URL:
  • Supplemental Notes:
    • Cover date: January 2013
  • Corporate Authors:

    Volpe National Transportation Systems Center

    55 Broadway
    Cambridge, MA  United States  02142

    Federal Motor Carrier Safety Administration

    Office of Analysis, Research, and Technology
    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Authors:
    • Hymel, Kent
    • Lee, Douglass B
    • Pearlman, Jonathan
    • Pritchard, Robert
    • Rainville, Lydia
  • Publication Date: 2012-11

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: Final Report
  • Features: Appendices; Figures; References; Tables;
  • Pagination: 120p

Subject/Index Terms

Filing Info

  • Accession Number: 01535750
  • Record Type: Publication
  • Report/Paper Numbers: FMCSA-RRA-12-045
  • Files: NTL, TRIS, RITA, ATRI, USDOT
  • Created Date: Jul 29 2014 2:53PM