Tips For Saving Money On Your Commercial Truck Insurance
Posted on: 4 August 2016
When you get your commercial driver's license, you'll need to secure a commercial truck insurance policy before you can safety head out on the road. The commercial truck insurance is key to protect you against a variety of hazards and threats. For example, it typically provides coverage for things like collisions, medical expenses, cargo loss and more. Here are a few things you should know about protecting your investment affordably whether you're going to be an owner-operator or manage a fleet.
Work With Your Personal Insurance Carrier
If your personal insurance carrier also provides commercial coverage, you should consider investing in commercial truck insurance through that carrier. Many insurance companies offer discounts for buying multiple insurance policies, so it could save you on both premiums. In addition, if you have a positive driving history with your insurance carrier, you might get the benefit of a discount for safe driving to save you on your commercial insurance policy.
Request Other Discounts
Don't be afraid to ask your insurance carrier about any potential discounts that you might be able to take advantage of. Some insurance companies will provide discounts for paying the entire year's premium up front or committing to several years on your policy term. In addition, if you'll be insuring a fleet, you might be able to get a discount for having multiple vehicles on the policy.
Complete A Driver's Safety Course
Some insurance companies will offer a lower rate tier for drivers who complete a safe driver course. These classes are dedicated to on-road safety in commercial trucks as well as defensive driving practices and the log requirements. Some companies use digital logging, but if you're going to keep yours manually, showing your insurance company that you understand the regulations is key. If you'll be insuring a fleet of drivers, have everyone complete the course for the maximum benefit.
Complete Driver Screenings
When you hire other drivers to work with you, it's important that you look into their driving histories. Your insurance company will check their driving records and rate your policy accordingly, so look to hire only drivers with a clean record. That way, you don't have any surcharges on your policy for the past mistakes of another driver. In addition, by asking about their driving records up front, you won't risk the shocking surprise of an increased insurance bill if violations are discovered once the underwriting is finished.
The more proactive you are about your insurance policy, the more confident you can be that you have gotten the best possible deal in price and coverage. Talk with your insurance agent today to see what other options you may be able to consider for your commercial truck insurancea.
Share