Insuring a commercial truck will always be more expensive than insuring a commercial car. The former is larger and more valuable, and more difficult to control on the road. However, this doesn’t mean that affordable commercial truck insurance is impossible to obtain.
Make a List of Necessities
Before you start searching for commercial truck insurance, decide what types of coverage are essential. Having this firmly mapped out will help you get more accurate quotes.
According to TruckerToTrucker.com, there are several types of commercial truck insurance to consider. For example, are you insuring just the vehicle itself or are you purchasing insurance to cover the cargo as well? Will your drivers be covered under your policy? And what levels of liability, comprehensive, and collision coverage are necessary?
Play It Safe
One of the major barriers to affordable commercial truck insurance is safety violations. If you don’t comply with the rules and laws of owning/operating a commercial truck, the insurance company is going to charge you more.
Stay up-to-date with changes in policy, both governmental and within your company, and make sure you never fail to comply with those rules. Spending the time for roadside checks and safety audits can lead to affordable commercial truck insurance.
Keep It Clean
A clean driving record is one of the first things your insurance company will look at when issuing a quote. Make sure you don’t have any moving violations or other citations on your record, and don’t work with anyone who does.
Before you hire other drivers for your vehicle, check their records. Just one driver with lots of accidents and speeding tickets can increase your premiums significantly, so it pays to stick with safe, competent drivers.
Truck driver organizations often pass on affordable commercial truck insurance to their members. This method won’t work for everyone, but joining an association comes with numerous financial benefits, even if it might impose more rules than you’re used to.
This is a good idea regardless of what type of coverage you are buying. If you’re looking for affordable commercial truck insurance, ask for multiple quotes from different companies. Make sure that the levels of coverage are comparable among all quotes, and ask for custom quotes based on your driving record and safety protocol.
Going with a large, national insurance agency has many benefits. These companies are more stable and can often provide better discounts than smaller, local companies. You can check the ratings of each provider to determine which are most financially stable, but don’t discount large companies just because you think it will cost more.