Think of your trucking insurance premium on a risk meter. The more potential risk an insurance carrier views the higher the premium. Here are the major factors when a carrier determines your rate:
- Your Drivers History: A clean driving record in any case will help you secure a much lower rate v.s a driving record which has a history of accidents, violations, and more.
- Business Timeline: How long you’ve been in business is a huge factor to determining the premium price. In most cases, businesses with over 2 years will receive a much lower premium than businesses that have less than 2 years.
- Cargo: What you haul in your truck and how heavy it is being hauled will impact the risk level which will change the premium.
- Location + Operating Radius: The longer the operating distance the higher the premium will usually be. Longer distance means more risk because a driver has an increased risk of accidents, falling asleep behind the wheel, loosing focus on the road, and changing weather conditions throughout different areas.
- Vehicle Type: The heavier the truck, the more the premium will increase. Heavy truck means more risk in event of an accident.
Related FAQs
Your commercial trucking insurance rate is impacted by your personal driving record if you are an owner-operator with a CDL. A professional driver's license means that any accidents or ...
Yes, a cancellation can be done at anytime before the renewal period. What happens if I paid in advance? If you paid your premium in advance and cancel before the end ...
We would be happy to assist you with these questions. You can call us at , or fill out the contact form and we'll get back with you right away. Additionally, ...
Its easy to get started
OR
