Thursday, February 13, 2020

Truck Insurance in the United States of America: Bottom line, If commercial trucks are essential to your business’s success

If commercial trucks are essential to your business’s success, avoid putting your assets and clients at risk by obtaining insurance that extends its protection beyond your everyday needs to the goods you transport and hazards that come with the job.

Depending on how large your business is, a commercial motor vehicle insurance broker might help you find stronger or cheaper coverage than you could find on your own.

Expect average rates to run in the thousands per truck. The cost of commercial truck insurance is determined using many factors that include:

Your operators’ driving history. A driver’s past records can affect premiums, resulting in higher premiums for operators with spotty records.

Your typical driving radius. Coverage for longer driving distances typically come with higher premiums. Interstate or long-distance drivers may see higher premiums than intrastate or short-distance drivers.

What you haul. The types of cargo you carry is factored into the cost of your insurance policy. If your freight includes pharmaceuticals or expensive art, among other non-typical freights, you’ll likely have to pay extra.

Finder insurance