How to Avail the Lowest Truck Insurance Rates
Every truck driver’s dream is obtaining the lowest truck insurance rates. Nowadays, these rates depend on many factors for them to be reduced to more manageable prices. For drivers, it is better if you purchase your own insurance than leaving the job to your company. You do not just drive a truck and leave it all to fate whether you encounter an accident or not, you should also have a sense of responsibility taking care of the truck. One way to do it is getting your insurance yourself. Following are several important guidelines to consider if you want to get very affordable rates:
Driver
Because the truck cannot move on its own, the insurance company will pay more attention to you – the driver. Drivers with more experience will have lower rates. Preferably, a driver should know how to drive long-haul trucks, and have attended driving seminars, trainings as well as safety schools to be approved of a lower rate. However, a 10-year driving experience would not matter if you had several vehicular accidents in the past, so drive carefully and responsibly. Some insurers have an age limit, usually between 30-65 years, for them to avail the cheapest truck insurance prices.
Truck
Unlike normal auto insurance, a truck’s age is oftentimes irrelevant for insurance qualifications. Trucking companies found out that it is more difficult to take care of a newer truck than an older truck. Bearing this in mind, it may be safe to say that it does not matter whether your truck is brand new or is 2 or 3 years old, what is important is its overall condition. Make sure that tires, brakes, and other features of the truck are in excellent working condition to be ensured by the Department of Transportation (DOT), which is a requirement to apply for truck insurance.
Job
Trucks are different from other vehicles in that they do not only carry people, but also baggage, packages, equipment, and so on. Because of this, insurance companies also check the different cargo being carried by the truck. Cargo insurance includes several qualifications such as time sensitivity for delivery, cargo value, and potential theft. Cargo insurance may also add up to rates so you can stress that you can take care of those cargoes.
Those are just a few factors which can affect your truck insurance rates. Other minor items include the company of the truck, roads the truck will be passing by, deductibles, previous loans, and others. Before considering these, you should first think about the first three because they are primary concerns of an insurance company.