 Finding a way to save money on trucking insurance is the priority of any trucking company. The risks are high to truckers, and insurance costs can be just as intimidating. However, there are steps companies can take to reduce or maintain their current insurance rates. Not every method provides the same level of protection and is available to all truckers. However, working closely with an independent insurance agent specialized in affordable plans can help you.
1. Ensure Your Record is Spotless
The risks of increasing premiums is the highest when a truck driver's record has points on it. There is simply no other component that will play as big of a role in how much you pay. Avoid tickets, and, if you get one, take the extra steps to get rid of it, such as working with an attorney or taking driver's education programs.
2. Look for Association Rates
Many truck drivers want the most affordable plans available, but they want to have independent insurance plans. This isn't always a good idea. Rather, you'll save a significant amount of money by leasing onto a larger carrier or, as an alternative, seek out association rates.
3. Create a Safety Policy
Every trucking company needs to have a well-written, thorough safety policies outline for all employees to follow. This should cover risks such as drugs and substance abuse, sensitive driving courses, trucker hours and much more. Educating your drivers and maintaining the highest possible level of safety education in your business is essential to reducing safety-related risks.
4. Take Extra Steps to Screen Drivers
As a company, you need to know who is behind your wheel. Choose truck drivers who have a stellar record and who follow the rules. It may be required to pay these individuals more, but in the long term, you can save money.
5. Always Seek Out New Policies Through Quotes
Often, you'll save money if you have a safe and stable level of claims. This also affords you the luxury of gathering several quotes from your agent so you can choose the best fitting policy for your needs and budget. In other words, ask your agent shop around so you can find the lowest available price on coverage.
Trucking insurance does not have to be expensive, but it needs to be comprehensive. Don't cut corners to save money, but rather find a policy that meets your needs and protects your business.
Is your fleet covered? Call Buschbach Insurance Agency at (708) 423-2350 for more information on Oak Lawn trucking insurance.
Posted Wednesday, September 09 2015 10:18 AM
Tags : insurance, trucking insurance, coverage, savings, tips, policy
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