While a pickup truck can be a fun vehicle to drive, it can also be a dangerous one. The National Highway Traffic Safety Administration (NHTSA) says that 1,054 people were killed in traffic accidents involving large pickups in 2018; more than in any other single vehicle type. With the number of deaths and the increased risk of accidents, it’s no wonder that pickup trucks are more costly to insure than cars. Here’s how to get affordable pickup truck insurance.
Truck insurance in Palatka is a must for every truck owner. It not only provides financial security but also keeps your truck safe. If you are confused about truck insurance in Palatka, we have tried to simplify it.
Commercial truck insurance quotes
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Commercial truck insurance quotes are expensive, and the cost of insurance depends on many different factors. In fact, the average commercial truck insurance premium is $2,301 per year, and that average is based on 2,128 truck drivers. For business owners, the cost of commercial truck insurance is even higher: In 2015, a trucking business that suffered a single accident that totaled $2 million would be out $50,700 in insurance premiums alone, according to the Insurance Information Institute.
When drivers shop for commercial truck insurance, most look for the cheapest option. However, cheap commercial truck insurance often comes with a high deductible and restricted coverage. Drivers should instead shop for commercial truck insurance online. A benefit of buying online is the ability to compare truck insurance quotes for coverage, rates, and discounts.
Types of insurance
If you’re operating a commercial truck, commercial truck insurance is a necessary investment. Commercial trucks are different than cars and trucks in that they are larger and heavier than the average vehicle. There are many different types of commercial truck insurance, each focusing on specific coverage options designed to protect you and your vehicle.
Commercial truck insurance exists to protect drivers, companies, and passengers in the event of an accident. It also protects trucks from theft and other damage, which is why commercial trucks are required to have it. Commercial truck insurance typically is divided into three categories: liability, physical damage, and cargo.
Call several insurance companies
Drivers who drive tractor-trailer trucks have unique needs, which is why auto insurance companies charge them higher rates. Standard commercial truck insurance policies usually don’t cover any personal liability while on the road with a trailer, so drivers who haul cargo need specialized coverage. For instance, truck insurance policies with liability limits higher than state minimums are recommended. These limits are usually $1 million per incident and $3 million for total coverage. Truckers should also look for additional coverages, such as cargo insurance, which protects goods being transported, and physical damage insurance, which covers damage to a truck.
If you own a truck, the last thing you plan on doing is investing in repairs, but accidents happen. From a flat tire to a dead battery, it’s easy to find yourself stranded on the side of the road with a truck that’s in need of repairs. So, be prepared ahead of time by researching truck insurance companies near you.
Use a commercial truck insurance service
Truck insurance can be expensive. In 2016, the average truck cost was $152,000, according to NADA, with 80% of that cost related to insurance. To reduce your costs, do some research on truck insurance services before you hire a commercial truck insurance professional. Each company will have different benefits, and sometimes, one insurance company will offer better rates or another will offer better customer service. But, whatever you do, don’t fly by the seat of your pants.
Worried about how much you’ll pay for the commercial truck insurance service? With a few tips, you can find the perfect commercial truck insurance service to suit your company’s needs at the right price.
Find the truck insurance service that’s right for you
First, make sure you understand what you’re shopping for. There are three types of commercial truck insurance: liability coverage, physical damage coverage, and cargo coverage. Liability coverage protects you from damage that your company causes to others on the road. Physical damage coverage protects against damage to your truck. And cargo coverage protects you against any damage or loss of products you have in your truck.
If you’re looking for truck insurance services, you’re probably pretty aware of the benefits of a good policy. Having adequate coverage is necessary to protect your vehicle, trailer, cargo, and other business assets in the case of an accident or loss. And you definitely need to protect your business, since accidents on the road aren’t the only risks you face as a business owner.
Being able to find affordable truck insurance is a must when it comes to running your business. It’s crucial to make sure you’re covered in the event of an accident or theft, which can cripple your operations and put you out of business. So finding the best insurance packages for your trucking business is key to staying on track.
In conclusion, Cover Me Insurance Agency represents independent insurance companies which specialize in providing affordable coverage to truckers. Cover Me Insurance Agency works with the insurance companies to find coverage options that fit every trucker’s needs. Cover Me Insurance Agency has helped many truckers save on their insurance. For a free quote, call us today or request one online.