At some point, many commercial truck drivers move out from behind the wheel and take a position in the back office, either as a dispatch manager or the owner of a transport company. Just like with private autos, however, commercial truck fleets need to be insured. While prices on commercial insurance vary widely from state to state, there are several ways you can save money on fleet policies. Here are a few:
Shop Around: Visit sites like CheapestAutoInsurance.net, and research top insurance companies. Then, request quotes from several companies instead of only talking to one. You’ll get a much more accurate quote if you provide complete information about your vehicles and your drivers.
Go Long: Rather than a six- or twelve-month term, ask for a three-year policy so that your premium will be guaranteed for three years.
Raise Your Deductible: If you or your company has enough reserves, considering increasing your deductibles (also known as voluntary excess). The larger your deductible is, the less your premium will be, but you have to be able to pay the out-of-pocket costs in the event of a theft, accident, or other claim.
Payment Preferences: If you pay your entire premium in a single lump sum instead of in installments, you’ll save about 15% over the course of a year. If you must make payments, do so by electronic funds transfer (EFT) to save some money.
Safety Counts: If you don’t already have a safety program, ask your insurer for advice on how to put one together, because submitting an outline of your safety program could help you save 10% on insurance. Likewise, a written maintenance plan can earn you a 5% savings, since it ensures that you look after your vehicles.
These are just a few of the ways you can reduce the cost of insuring commercial trucks. Be sure to ask your insurance agent if there are any more discounts that apply to your situation.
Posted in 
Tags: 
