Commercial trucking insurance is a coverage that protects your trucking business from costly bills if your trucks are in an accident or other circumstances arise.
It covers situations where you use your truck to transport products, animals, materials, and more. If you use this vehicle professionally and personally, a commercial trucking insurance policy will fill in any gaps with your personal auto insurance policy.Â
All commercial trucking insurance policies begin with primary liability insurance, which is necessary to cover your business and protect property and people from any damage your trucks may cause.
When requesting a commercial truck insurance quote, you'll need to provide us with the following basic information:
If you don't have all of the above information, we may still be able to prove you with a trucking insurance quote based on estimations. However, the quote is subject to change once we get the additional information.
Begin the first step to protect your trucking business with cheap truck insurance today by requesting a quote! All you have to do is provide us with basic information about your business along with the truck or fleet of trucks you own. We'll help you find affordable coverage.
There are many types of truck insurance policies that you may want to consider for your business. These include:Â
To get cheap commercial truck insurance, you can follow these steps:
Re-evaluate at renewal. When it comes time to renew your business insurance policy next year, make sure to take a look at your business and how it has evolved over the last twelve months.
You'll likely have different needs as time goes on, so make sure that your commercial insurance policy changes to accommodate your business needs.
The cost of truck insurance rates varies monthly, depending on the company you work with and your particular needs for coverage. The national average monthly insurance costs, however, is $795 for specialty truckers, and $931 for transport truckers.
The average cost of commercial truck insurance is $7,000 to $10,000 per truck per year.
The average cost of trucking coverage is $2,000 to $5,000 per truck per year.
The average cost of physical damage coverage for a commercial truck is $2,000 to $3,000 per truck per year.
The average cost of uninsured and underinsured motorist coverage for a commercial truck is $500 to $1,000 per truck per year.
You can lower your truck insurance by following these tips:
Employ Experienced Drivers
TThe driving experience and driver's license are one of the most important factors when it comes to trucking insurance companies determining the cost and limits of your trucking insurance policy. They want to know that your drivers have a clear head on the road and can be trusted with independent decisions in the event of a crisis. The driving habits differentiate the pros from the newbie. We have to take into account how the driver's state of mind and performance behind the wheel.
Hire Drivers with Clean Driving Records
Your drivers should all have clean records if you want to keep your commercial auto insurance premiums low. Those with a history of violations and accidents have a higher risk index when compared to those with clean records. The driver's efficiency results from his focus and ability to follow rules. His power to reach the destination and location without complaints is an example of a role model when hiring a driver.
Verify Employment History
Employment history proves to the insurance company that your drivers are loyal and dedicated to their employers. Drivers who have spent extensive amounts of time with a few companies are perceived as more stable. Technology in apps provides a guide to reviewing the record of the candidates. Some system has name and occurence of violation of a person readily available.
Consider a High Deductible
If you find yourself paying high premiums, you may want to consider adjusting your trucking insurance policy. Higher deductibles result in lower trucking insurance premiums.
A high deductible also means that you'll have higher upfront costs in the event of an accident, so this is something you'll need to take time to consider.
