Five Factors Affecting Commercial Trucking Premiums

Many truckers look for the best value when price shopping for truck insurance, thought the actual cost has a lot to do with factors the truck driver controls. There are insurance requirements and coverage limits established by the federal government, so being able to meet these demands cost-effectively is crucial to a trucker’s operating expenses.

Five Crucial Factors

There are several key factors that determine the cost of coverage. All of these can be controlled by the insurance applicant.

  1. The USDOT authority. Operating through a lease with a company is cheaper than trying to work under your own authority. Your CAB report, or operating history and violations, also impacts costs.
  2. Government requirements. As mentioned, the government requirements a certain amount of coverage for those needing a federal filing.
  3. What you choose to haul will affect the cost, since some cargo carries greater transport risks.
  4. Operating radius. By increasing the radius of where you drive, you expose yourself to greater risks. Regional drivers pay more than local drivers.
  5. Operating a semi-truck carries higher insurance premiums than if you were using a pickup truck for the same haul. Newer vehicles carry more costly policies because of replacement costs.

As a driver, you can’t avoid paying for trucking insurance. You can, however, control the factors that influence price hikes or expensive premiums.

Giving Drivers Peace and Security

Giving Drivers Peace and Security

Drivers know there are risks that come with driving. Auto insurance companies in CT understand your concerns and offer insurance policies that give you peace of mind whenever you get behind the wheel. That way, you can drive without worries.

Policy Coverage Options

You deserve a policy that keeps you safe on the road. That’s why auto insurance companies in CT offer a range of policies for you to choose from. The following is a list of coverage options for you to include in an auto insurance policy:

Liability

Collisions

Medical payments

Uninsured or underinsured drivers

Comprehensive

No-fault

There are also additional coverage areas, including full glass coverage, insurance for rental cars and towing. An insurance agent can discuss the full range of coverage options for you to choose from, so you can build a policy that provides you with the protection you need to feel safe while driving.

Keeping Drivers Safe in Connecticut

Auto insurance was designed to provide adequate protection for drivers, passengers and vehicles out on the road. Auto insurance companies in CT understand the risks involved with driving and the concerns drivers have, which is why these companies offer policies tailored to your needs. The right policy can help you feel safe while driving and keep you protected in the event of an accident.