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Updated May 2026 · Current FMCSA Rules · 49 CFR Part 387

Truck Insurance Requirements: FMCSA Minimum Coverage for Motor Carriers (2026)

The complete federal guide to commercial truck insurance requirements under 49 CFR Part 387 — exact coverage minimums, BMC-91 filing, MCS-90 endorsement, and step-by-step proof of insurance instructions for every carrier type. Written for owner-operators, new authorities, hotshot drivers, and fleet managers who need the exact rule, not a general summary.

📋 49 CFR Part 387 covered in full🕐 22 min read🧮 Interactive coverage calculator✅ 7-step compliance guide📊 Commodity coverage table💼 Owner-operator scenarios
$750,000minimum for general freight
$5,000,000maximum for certain hazmat
BMC-91required filing with FMCSA
30 daysnotice before authority revoked
QUICK ANSWER

Under 49 CFR Part 387, every for-hire interstate motor carrier must maintain minimum liability insurance filed with FMCSA via a BMC-91 form. The required minimum is $750,000 for most non-hazardous property carriers, $1,000,000 for certain oil and hazardous substance carriers, and $5,000,000 for carriers transporting bulk hazardous materials or 16+ passengers. Operating without active insurance on file with FMCSA is grounds for immediate authority revocation and civil penalties up to $10,000 per day.

Who These Requirements Apply To

Must comply
  • For-hire interstate motor carriers (with MC number)
  • Owner-operators with their own operating authority
  • Hotshot carriers operating interstate under own MC
  • For-hire passenger carriers (any size)
  • Carriers with pending new authority applications
Not covered by Part 387 (different rules apply)
  • Private carriers (hauling own goods, no for-hire MC)
  • Intrastate-only carriers (state rules apply instead)
  • Owner-operators leased to a carrier (carrier's policy governs)
  • Carriers operating vehicles under 10,001 lbs GVWR (non-HM)
  • Non-commercial agricultural operations
Key Takeaways
  • The federal minimum for most general freight interstate carriers is $750,000 under 49 CFR §387.9.
  • Carriers transporting oil or hazardous substances as defined in 49 CFR §171.8 need $1,000,000.
  • Carriers transporting bulk hazardous materials in cargo tanks, portable tanks, or hoppers need $5,000,000.
  • Proof of insurance is filed by your insurer via BMC-91 directly with FMCSA — a certificate of insurance at your office does not satisfy this requirement.
  • Every qualifying policy must include a MCS-90 endorsement under 49 CFR §387.15.
  • If your insurer cancels your policy, they file a BMC-35 notice giving FMCSA 30 days before your authority is revoked.
  • Operating without active FMCSA insurance on file carries civil penalties up to $10,000 per day under 49 CFR Part 386.
  • Authority does not activate until both BMC-91 and BOC-3 are on file — a mandatory 10-day waiting period applies after receipt.

What the FMCSA Insurance Rule Actually Requires (49 CFR Part 387)

The legal authority for FMCSA's truck insurance requirements is 49 CFR Part 387 — Minimum Levels of Financial Responsibility for Motor Carriers. It was enacted under the authority of 49 USC §31139, which directs the Secretary of Transportation to establish minimum financial responsibility requirements for motor carriers. Part 387 has been in effect in its current core structure since 1985, with the current minimum levels set by rulemaking and not adjusted for inflation since then.

The regulation requires every for-hire motor carrier subject to FMCSA jurisdiction to maintain continuously on file with FMCSA evidence of financial responsibility in the form of an insurance policy, surety bond, or self-insurance authorization. For most carriers, the practical path is a commercial trucking liability insurance policy with the MCS-90 endorsement, documented to FMCSA via the BMC-91 filing from the insurer.

⚠️ The minimums have not changed since 1985 — but proposals to raise them are in Congress
The $750,000 minimum for general freight carriers was set in 1985 and has not been adjusted since. In 2023, the Truck Safety Coalition and other advocacy groups renewed calls for increases. Legislative proposals in recent sessions have suggested raising the minimum to $2,000,000 for general freight and higher for hazmat. No final rule has been adopted as of May 2026, but carriers should monitor this rulemaking if it advances. The current legal requirement remains $750,000 under 49 CFR §387.9.

Important distinction: The FMCSA minimum is a floor, not a ceiling. Most large shippers and freight brokers contractually require carriers to carry $1,000,000 or more in primary liability, regardless of whether federal law requires it for their specific cargo. New authority carriers frequently discover that meeting the FMCSA minimum is not enough to qualify for loads from brokers or shippers with carrier onboarding requirements.

Minimum Coverage by Commodity — 49 CFR §387.9 Reference Table

The table below maps commodity and vehicle type to the exact federal minimum under 49 CFR §387.9. Use this as the starting point for determining your required coverage. States may impose higher minimums for intrastate operations.

Commodity / Cargo TypeVehicle TypeMinimum CoverageRegulationFMCSA Filing
General freight — non-hazardous propertyAll CMVs over 10,001 lbs$750,00049 CFR §387.9Standard
Oil listed in 49 CFR 172.101All CMVs$1,000,00049 CFR §387.9Elevated
Hazardous substances — §171.8 definitionAll CMVs$1,000,00049 CFR §387.9Elevated
Hazardous materials in bulk (certain)Cargo tank, portable tank, hopper$5,000,00049 CFR §387.9High Risk
Radioactive materials (certain quantities)All CMVs$5,000,00049 CFR §387.9High Risk
Passengers (for-hire, 1–15 passengers)Charter bus, van for hire$1,500,00049 CFR §387.33Elevated
Passengers (for-hire, 16+ passengers)Large motorcoach, bus$5,000,00049 CFR §387.33High Risk
📋 Verify your exact hazmat classification before purchasing insurance
The hazmat minimum categories reference the definitions in 49 CFR §171.8 for "hazardous substance" and the commodity list in 49 CFR §172.101 for oils. If your cargo is near a threshold category, confirm the exact classification with your insurer and verify against the CFR text before binding coverage. Misclassification — buying $750,000 when $1,000,000 is required — does not shift liability; it creates an uncovered gap and a potential FMCSA violation.

🧮 FMCSA Minimum Coverage Calculator

Find your required federal insurance minimum under 49 CFR Part 387.

Your Required Federal Minimum
$750,000
Regulation49 CFR §387.9
Required FilingBMC-91
Applies ToNon-hazardous property, interstate commerce

This tool is for informational purposes only. Verify your specific requirements directly at FMCSA.dot.gov.

MCS-90 Endorsement: What It Is, What It Covers, and What It Does Not

The MCS-90 endorsement is required by 49 CFR §387.15 and must be attached to every motor carrier's primary liability insurance policy that is filed with FMCSA. The endorsement is a federally mandated clause that obligates the insurer to pay third-party claims for bodily injury, property damage, or environmental restoration caused by the insured motor carrier — up to the applicable federal minimum — even if the underlying policy would otherwise exclude the claim.

What MCS-90 Covers (last-resort guarantee)
  • Third-party bodily injury from CMV accidents
  • Third-party property damage from CMV accidents
  • Claims that the underlying policy excludes (up to federal min)
  • Operations in interstate commerce even if not all routes listed
  • Environmental restoration costs in some circumstances
  • Claims where driver was not listed on policy
What MCS-90 Does NOT Cover
  • Damage to your own vehicle (physical damage coverage needed)
  • Cargo loss or damage (cargo insurance needed)
  • Claims above the federal minimum limit
  • Worker's compensation for driver injuries
  • Operations that are not interstate commerce
  • Intentional acts or criminal conduct

Critical practical point: The MCS-90 is not a standalone policy. It is an endorsement attached to your existing primary liability policy. After the insurer pays under MCS-90, they have the right to seek reimbursement from the carrier (subrogation) if the claim was excluded under the base policy terms. This means MCS-90 protects the public and FMCSA — it does not protect you from your insurer recouping payments they made on claims your policy excluded. This is why adequate primary liability coverage matters beyond the federal minimum.

BMC-91 Filing: The Proof of Insurance FMCSA Actually Recognizes

The BMC-91 (Uniform Motor Carrier Bodily Injury and Property Damage Liability Certificate of Insurance) is the form used by insurers to certify financial responsibility to FMCSA under 49 CFR §387.7. The BMC-91X is the corresponding form for excess or umbrella policies.

BMC-91 Filing Workflow — How Insurance Actually Gets to FMCSA
1
Carrier purchases qualifying policy
Policy must meet applicable minimum and include MCS-90 endorsement
Carrier
2
Insurer files BMC-91 electronically with FMCSA
Filed through FMCSA's electronic data interchange system, typically within 1–3 business days of binding
Insurer
3
FMCSA records filing in SAFER system
Insurance status updates to 'Active' on carrier's SAFER profile — this is the official compliance record
FMCSA
4
Operating authority activates after 10-day protest period
Both BMC-91 and BOC-3 must be on file. 10-day waiting period is mandatory for new authorities
FMCSA
5
Insurer monitors policy status and files BMC-35 if cancelled
If policy lapses or is cancelled, insurer must file BMC-35 cancellation notice — FMCSA receives 30 days' notice before authority revokes
Insurer
🚨 A certificate of insurance in your files does NOT satisfy FMCSA
This is the most common misconception among new carriers. Holding a certificate of insurance (ACORD 25 or similar) in your office files does not demonstrate compliance with 49 CFR §387.7. The only record that matters is the active BMC-91 filing in FMCSA's SAFER system. Check your SAFER profile directly at safer.fmcsa.dot.gov. If the insurance section does not show "Active," you are not in compliance.

Owner-Operator Insurance Requirements: Four Scenarios Explained

Owner-operator insurance requirements under FMCSA depend entirely on how the owner-operator operates — specifically, whether they hold their own MC authority or operate under a carrier's authority. The requirements are fundamentally different in each scenario.

1

Owner-operator with own MC authority (operates independently)

High Risk
Required Insurance
Primary liability at federal minimum ($750K+), filed via BMC-91
Typically Also Needed
Physical damage, cargo insurance, occupational accident
Personally responsible for all FMCSA filings. No carrier protection.
2

Owner-operator leased to a carrier (operates under carrier MC)

Medium Risk
Required Insurance
Carrier's primary liability covers under-dispatch operations
Typically Also Needed
Non-trucking liability (bobtail), occupational accident
Confirm carrier's coverage in writing via lease agreement per 49 CFR Part 376.
3

Hotshot carrier with own MC authority (gooseneck/flatbed)

Medium Risk
Required Insurance
Primary liability at $750K minimum if vehicle over 10,001 lbs GVWR
Typically Also Needed
Cargo insurance, physical damage
If vehicle under 10,001 lbs GVWR, FMCSA registration may not apply. Verify with counsel.
4

New authority carrier (first 12 months of operation)

High Risk
Required Insurance
Primary liability at applicable minimum, BMC-91 must be active before first load
Typically Also Needed
New entrant safety audit prep in addition to insurance
FMCSA new entrant audit typically occurs within 12 months. Insurance lapse = authority revocation.

Hotshot Trucking Insurance Requirements

Hotshot trucking — typically defined as expedited freight hauled by a pickup truck with a gooseneck, fifth-wheel, or bumper-pull trailer — sits in a unique position under FMCSA regulations because the applicability threshold depends on the vehicle's Gross Vehicle Weight Rating (GVWR).

Hotshot SetupFMCSA Applicable?Insurance Requirement
Pickup truck + trailer, combined GVWR over 10,001 lbs, for-hire interstateYes — FMCSA applies
$750,000 minimum liability (49 CFR §387.9); BMC-91 requiredHigh Risk
Pickup truck + trailer, combined GVWR under 10,001 lbs, no hazmatGenerally no — FMCSA CMV threshold not met
No federal minimum under Part 387; state rules may applyStandard
Any hotshot setup hauling hazardous materials requiring placardsYes — hazmat triggers FMCSA regardless of weight
$1M–$5M depending on commodity; BMC-91 requiredHigh Risk
⚠️ GVWR vs. actual loaded weight — a common hotshot trap
The FMCSA CMV threshold is based on Gross Vehicle Weight Rating (GVWR) — the manufacturer's rating for maximum loaded weight — not the actual weight of your truck and trailer on a given haul. A pickup truck with a 9,500 lb GVWR pulling a trailer with a 4,000 lb GVWR produces a 13,500 lb Gross Combined Weight Rating (GCWR). That exceeds 10,001 lbs and triggers FMCSA requirements — even if you're hauling a light load. Check the door placard of your truck and the manufacturer specification of your trailer before assuming you're under the threshold.

Types of Commercial Truck Insurance — What Each One Does and Does Not Do

The FMCSA insurance requirement under 49 CFR Part 387 is satisfied only by primary liability coverage. The table below maps each policy type to whether it satisfies the Part 387 requirement and what it actually covers.

Policy TypeSatisfies FMCSA?What It CoversMinimum RequiredNotes
Primary Liability✓ YesThird-party bodily injury and property damage caused by your CMV$750K–$5M depending on commodityMust include MCS-90 endorsement. Insurer files BMC-91 with FMCSA.
Physical Damage✗ NoDamage to your own truck and trailerNo federal minimumRequired by most lenders. Does not satisfy Part 387 requirements.
Cargo Insurance✗ NoLoss or damage to freight being transportedNo federal minimum; many shippers require $100KDoes not satisfy liability requirement. Separate from BMC-91 filing.
Bobtail / Non-Trucking Liability✗ NoLiability when operating tractor without trailer and not under dispatchNo federal minimumPrimarily for leased owner-operators outside dispatch scope.
Occupational Accident✗ NoDriver injury when not covered by workers' compensationNo federal minimumCommon for owner-operators. Not a workers' comp substitute in many states.
Umbrella / Excess Liability✗ NoCoverage above primary policy limitsNo federal minimumBMC-91X used for excess filings. Many brokers and shippers require $1M+.
🛡️

Verify your insurance is active with FMCSA right now

Many carriers assume their insurance is on file because they paid their premium. Check your SAFER profile to confirm active BMC-91 status before your next load.

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Step-by-Step Compliance Guide: How to Meet FMCSA Insurance Requirements

Follow these steps in order. The sequence matters — some steps cannot be completed until earlier steps are done, and certain steps must be completed before you can legally dispatch a single load.

1
Determine your required coverage minimum under 49 CFR §387.9
49 CFR §387.9

Your minimum coverage requirement is set by your commodity type and vehicle type — not your preference or what your agent suggests. General freight non-hazardous carriers need $750,000. Certain oil and hazardous substance carriers need $1,000,000. Carriers transporting bulk hazardous materials in certain categories need $5,000,000. Confirm the applicable category before shopping for a policy.

2
Obtain a primary liability policy with MCS-90 endorsement
49 CFR §387.15

Purchase a commercial trucking primary liability policy from a licensed insurer authorized to write in your state. Confirm that the policy includes the MCS-90 endorsement, which is mandatory under 49 CFR §387.15. The MCS-90 ensures the insurer pays third-party claims up to the federal minimum even if coverage would otherwise be denied under the policy terms. Without it, your BMC-91 filing will be rejected.

3
Instruct your insurer to file the BMC-91 electronically with FMCSA
49 CFR §387.7

You cannot file the BMC-91 yourself. Your insurer is required to file it directly with FMCSA through the agency's electronic filing system. Confirm your insurer's BMC-91 filing timeline — most file within 1–3 business days of policy binding. Get written confirmation of the filing date. Note: a certificate of insurance in your file does not satisfy FMCSA — only the active SAFER record counts.

4
Verify active insurance status in FMCSA's SAFER system
FMCSA SAFER System

Go to safer.fmcsa.dot.gov and search your MC number. Confirm that the Insurance/Financial Responsibility section shows your policy as 'Active.' This is the only record that matters for enforcement purposes. If the SAFER system shows no active filing, you are not in compliance — regardless of what your insurance agent tells you.

Check your SAFER profile at FMCSA →
5
File your BOC-3 process agent designation
49 CFR §366.2

The BMC-91 alone does not activate your operating authority. FMCSA also requires a BOC-3 form designating a process agent in every state where you operate or where your vehicles pass through. BOC-3 filing services typically cost $25–$40 as a one-time fee. Both the BMC-91 and BOC-3 must be on file before FMCSA activates your authority. [INTERNAL LINK: BOC-3 Filing Requirements]

6
Complete UCR registration before operating
49 USC §14504a

Unified Carrier Registration (UCR) is a separate annual registration requirement for interstate motor carriers, brokers, and freight forwarders. UCR registration does not prove insurance but is required to operate legally. Fees are based on fleet size and are due by December 31 for the following registration year. Failure to register can result in civil penalties and is a separate violation from insurance non-compliance. [INTERNAL LINK: Unified Carrier Registration]

7
Set renewal tracking and monitor for BMC-35 cancellation notices
49 CFR §387.7(b)

Set reminders at 60 and 30 days before your policy renewal. If your insurer cancels the policy mid-term, they are required to file a BMC-35 notice with FMCSA giving 30 days' advance notice. FMCSA will revoke your authority at the end of that period unless new coverage is filed. FMCSA does not send you a direct notice — they notify the public record. You are responsible for monitoring your own SAFER profile.

Real-World Examples: How These Requirements Play Out

Example 1: New authority general freight carrier in Texas

Compliant

An owner-operator in Texas receives MC authority to haul general freight in interstate commerce. FMCSA minimum: $750,000 under 49 CFR §387.9. The owner-operator binds a primary liability policy for $1,000,000 (above federal minimum, meets most broker requirements). The insurer files BMC-91 within 2 business days. The owner-operator also files BOC-3 through a process agent service ($30 one-time fee). After the mandatory 10-day FMCSA waiting period, authority activates. The new entrant safety audit will follow within 12 months. [INTERNAL LINK: How to Get Your MC Number]

Coverage: $750,000 min / $1,000,000 purchased

Example 2: Flatbed carrier hauling oil field chemicals

Compliant

A flatbed carrier in Oklahoma hauls chemical products used in oil field operations. Some loads include hazardous substances as defined in 49 CFR §171.8. FMCSA minimum: $1,000,000 under 49 CFR §387.9. The carrier carries $1,000,000 primary and adds a $1,000,000 umbrella for loads where shippers require higher coverage. The BMC-91 is filed by the primary insurer; the umbrella is documented via BMC-91X. Hazmat-certified driver required under 49 CFR §383.93 for certain loads.

Coverage: $1,000,000 min / $2,000,000 effective

Example 3: New carrier — insurance lapses at renewal

Violation — authority revoked

A 3-truck carrier in Georgia allows insurance to lapse by missing a premium payment. The insurer files a BMC-35 cancellation notice with FMCSA. The carrier is unaware — no direct notice from FMCSA. After 30 days, FMCSA automatically revokes operating authority. The carrier continues dispatching for 4 days. Penalty exposure: $10,000/day × 4 days × potential per-truck application = up to $40,000+ in civil penalties, plus the cost to reinstate authority. This scenario occurs most frequently at annual policy renewals. [INTERNAL LINK: DOT Authority Cost]

Coverage: $0 — coverage lapsed

Example 4: Owner-operator leased to carrier — coverage misunderstanding

Gap — personal liability exposure

An owner-operator leases their truck to a carrier. The carrier's insurance covers the owner-operator under dispatch per the lease agreement under 49 CFR Part 376. The owner-operator drives the truck to a mechanic on a personal trip — not under dispatch. An accident occurs. The carrier's primary policy, by design, does not cover non-dispatch operations. The owner-operator has no bobtail/non-trucking liability policy. The owner-operator is personally liable for the accident with no insurance protection. This gap is preventable with a bobtail policy costing approximately $30–$60/month.

Coverage: $0 for off-dispatch exposure

Penalties for Noncompliance — 49 CFR Part 386, Appendix B

Civil penalties for financial responsibility violations are codified in 49 CFR Part 386, Appendix B. The table below reflects the current penalty ranges. Per-day violations are the most financially dangerous — they multiply with each day the violation continues unresolved.

ViolationMin FineMax FinePer Day?
Operating as for-hire carrier without required insurance on file$1,000$10,000Yes
Operating with revoked or suspended operating authority$1,000$10,000Yes
Failing to maintain required financial responsibility records$500$5,000No
Failure to file or maintain BMC-91 when required$1,000$10,000Yes
Misrepresentation on insurance filings$5,000$10,000No
Operating after BMC-35 cancellation period expires$1,000$10,000Yes
💡 Authority revocation consequences extend beyond the fine
Civil penalties are the direct cost. The indirect costs are often larger: reinstatement fees and processes, the mandatory waiting period before authority is active again, potential inability to secure insurance at standard rates after a compliance history showing revocation, and lost revenue during the gap. Shippers and brokers who check carrier authority status will see revoked authority in real time — even a 48-hour revocation can trigger carrier onboarding removal from a broker's approved list.
How to Stay Compliant — Ongoing Requirements
Check SAFER profile monthly — confirm insurance shows Active
Set renewal reminders 60 and 30 days before policy expiration
Confirm insurer will file BMC-91 at renewal — some insurers miss this
Update MCS-150 every 24 months or USDOT number deactivates
Complete UCR registration annually by December 31
Notify insurer immediately of fleet additions — coverage must extend to new vehicles
Maintain minimum coverage during policy changes — never let it lapse, even briefly
Keep written confirmation of BMC-91 filing date from insurer after each renewal
TC
TruckComplianceHQ Editorial Team
FMCSA Compliance Specialists — Reviewed May 2026

This article was researched and written by the compliance team at TruckComplianceHQ, drawing directly on 49 CFR Part 387 (Minimum Levels of Financial Responsibility for Motor Carriers), 49 CFR Part 386 (Rules of Practice for FMCSA Proceedings — Penalties), 49 CFR §366.2 (BOC-3 requirements), and official FMCSA guidance documents. Dollar amounts, filing requirements, and regulatory citations reflect rules in effect as of May 2026. This guide is informational only — not legal advice. For carrier-specific guidance, consult a qualified transportation attorney. Verify current requirements directly at FMCSA.dot.gov.

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Frequently Asked Questions

Under 49 CFR Part 387, the minimum liability insurance for most interstate for-hire motor carriers hauling non-hazardous general freight is $750,000. Carriers transporting oil listed in 49 CFR 172.101 need $1,000,000. Carriers transporting many hazardous materials in quantities requiring placards must carry $5,000,000. These are federal minimums — states and shippers may require higher limits.
A BMC-91 is the standard insurance form that a motor carrier's insurance company files directly with FMCSA to certify that the carrier has the minimum required liability coverage under 49 CFR §387.7. The insurer must file this form electronically — a certificate of insurance held by the carrier alone does not satisfy the FMCSA filing requirement. If the insurer cancels the policy, they must file a BMC-35 cancellation notice giving FMCSA 30 days' advance notice.
An MCS-90 is a mandatory endorsement attached to a motor carrier's primary liability insurance policy under 49 CFR §387.15. It guarantees that the insurer will pay up to the applicable FMCSA minimum limit for any bodily injury or property damage caused by the carrier in interstate commerce — even if the carrier's underlying policy would otherwise deny the claim. It is a last-resort public protection mechanism, not a substitute for adequate primary coverage.
It depends on operating status. An owner-operator with their own MC authority must carry primary liability meeting FMCSA minimums ($750K minimum) and file proof via BMC-91. An owner-operator leased to an authorized motor carrier under a 49 CFR Part 376 lease is covered under the carrier's policy while under dispatch, but typically carries non-trucking liability (bobtail insurance) for personal use outside dispatch.
If your insurer files a BMC-35 cancellation notice, FMCSA will revoke your operating authority automatically after the 30-day notice period unless new coverage is filed. You cannot legally operate for hire without active insurance on file. Reinstating authority after revocation requires re-filing proof of insurance. Continuing to operate after revocation carries civil penalties up to $10,000 per day under 49 CFR Part 386.
No. Cargo insurance covers loss or damage to the freight you're hauling. It does not satisfy FMCSA's liability insurance requirement under 49 CFR Part 387. FMCSA's minimum coverage requirement is for third-party bodily injury and property damage liability — a separate coverage from cargo insurance. Many carriers carry both, but they serve different legal purposes.
Hotshot carriers operating under their own MC authority hauling general non-hazardous freight in interstate commerce need a minimum of $750,000 in liability coverage under 49 CFR §387.9, and must file proof via BMC-91. If the hotshot carrier hauls in a vehicle under 10,001 lbs GVWR, FMCSA registration may not be required — but most hotshot loads exceed that threshold. Carriers operating under a broker's authority are covered differently.
After FMCSA grants provisional operating authority, the carrier must file proof of insurance (BMC-91) and a BOC-3 process agent designation. There is a mandatory 10-day waiting period after FMCSA receives these filings before authority becomes active. Most carriers complete this process in 10–21 days from the time their insurer files the BMC-91 with FMCSA.
No. The $750,000 minimum under 49 CFR §387.9 applies to for-hire motor carriers transporting property in interstate commerce. Private carriers (transporting their own goods) are not required to register with FMCSA for operating authority and are not subject to the same Part 387 filing requirements, though they remain subject to other FMCSA safety regulations if they operate CMVs.
Yes, for property carriers. Under 49 CFR §387.7, a property carrier can satisfy the financial responsibility requirement with either a liability insurance policy (BMC-91) or a surety bond (BMC-84) in the applicable minimum amount. Most carriers use insurance because it is more widely available and accepted. Passenger carriers cannot use a surety bond to meet the Part 387 passenger requirements.

Official Resources

All requirements cited in this guide are drawn from primary federal sources. Verify current requirements directly through official sources before making compliance or coverage decisions.

Methodology & Data Sources

All regulatory citations in this article were drawn directly from the Electronic Code of Federal Regulations (eCFR) at ecfr.gov, specifically 49 CFR Part 387 (current as of May 2026). Penalty amounts were verified against 49 CFR Part 386, Appendix B. Filing requirements were cross-referenced against the FMCSA Financial Responsibility webpage at fmcsa.dot.gov and FMCSA's published Forms Library. GVWR thresholds were verified against 49 CFR §390.5 CMV definitions.

Owner-operator leasing guidance was cross-referenced with 49 CFR Part 376 and FMCSA's published guidance on lease agreements. Hotshot weight threshold analysis was verified against 49 CFR §390.5 and FMCSA FAQs on commercial motor vehicle definition.

Last Updated: May 9, 2026
Reviewed By: TruckComplianceHQ Editorial Team
Primary Source: 49 CFR Part 387 (eCFR, May 2026)
Verification: FMCSA.dot.gov, eCFR.gov, SAFER system