How to Get Cheap Semi Truck Insurance

by Geki | Jun 1, 2021 | Cars

If you’re the owner of a large commercial truck and a new driver, you may want to find cheap semi truck insurance rates for your fleet of trucks. One of the reasons that commercial truckers have a higher accident risk is because they drive more miles than most private drivers. The other reason is because of the cost of providing their fleet with insurance.

Cheap Semi Truck Insurance

When looking for cheap semi truck insurance quotes there are several things to consider. The first is the type of truck you drive. Many commercial truck companies only insure larger trucks, so if your vehicle falls in that category, it will cost you more to protect it. If you only use your truck for work, you can probably get away with using a smaller, less expensive insurance company. But if you have a real live hauling business or at least one that you use to make money, you should be prepared to pay a bit more for comprehensive coverage.

You also need to consider what type of company you want to deal with. Some of the larger freight transportation companies include commercial insurance in their rates for all drivers, but smaller carriers only offer insurance for their drivers. This is often because they specialize in one form of transportation and don’t do many other types of transportation. So while you might be able to find cheaper commercial transportation insurance quotes with one company, your rate will be much higher if you use a different carrier.

Another way to reduce the cost of your premium is to maintain your fleet. As a truck driver, you’ll generally make fewer miles than you did when you were working as a private driver. If you want to keep your rates low, do everything you can to keep your fleet on the road. Don’t let your trucks idle for days at a time. Always be prepared to provide drivers with their paperwork. And always allow your fleet to complete its daily errands, so that the company can gather the statistics you need to get multiple quotes.

One of the easiest ways to keep the premiums low for your commercial trucking insurance is to offer safe drivers to passengers. The safest drivers are always offered the lowest rates. And with small fleets, it’s even more important to choose safe drivers. If you’re concerned about the safety of your drivers, give them a safety rating test every six months or so. If they pass, your premiums will go down.

The type of vehicle you drive also makes a difference in the cost of your premiums. If you have an 18-wheeler insurance company, you’ll pay a lot more for your premiums than if you had a smaller, lighter truck. So think about what your needs are before choosing the type of commercial vehicle that you drive. Think about the weight and size of the loads you carry. Think about where you’ll be operating your vehicle, whether it’s in a large warehouse or on a narrow highway, and what type of driver and commercial insurance you want.

Many people don’t realize that their credit history has a lot to do with their rate for auto insurance premiums. A poor credit history can mean big discounts on your auto insurance premiums. People with poor credit histories report missed payments, late payments, and bankruptcies more frequently than people with good credit histories. This can result in big increases in insurance costs. It’s important to maintain a good credit history throughout your life to keep your auto insurance costs low.

Truckers who own more than one truck should consider purchasing a fleet insurance policy that provides for partial coverage for multiple vehicles. These types of policies provide coverage for the vehicles involved in one accident, which can save you a lot of money. Also, if you have a reputation as being a safe driver, you might be able to qualify for a fleet discount. The discounts available for fleet coverage might be enough to bring your truck insurance costs down by several hundred dollars. If you only own one truck, buying a single policy might be the best way to save on your truck insurance premiums.