Getting a great deal on truck insurance is difficult. Oftentimes, insurance companies charge a premium for truck insurance rates – mainly because the risk is higher. Because trucks are so large, they present a greater probability for accidents, which could cause injuries and significant mechanical damage. So, in order for the insurance company to protect itself and its assets, it must make truck insurance policies more expense. However, there are a number of ways to minimize some of these risks and to work with the insurance company to secure lower rates. Here are five tips for getting the best possible truck insurance rates.
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Make sure to maintain your truck. If you can show records that your truck has been properly maintained and that your truck undergoes regular check-ups and tune-ups, you could actually get a lower insurance rate. By taking extra measures to make sure your tires, axles and other mechanical components are in excellent working condition, you can lower the risk that your truck will get into an accident – thus lowering the cost of your insurance policy.
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Get a policy with a specialized truck insurance provider. When it comes down to it, you will often pay more on your insurance rate if you purchase a policy with a general automotive insurance provider. Because these insurance providers usually cover four or two wheel automobiles – sedans, jeeps and sometimes motorcycles – you will get a higher rate to cover your truck. So, it may be smart to start researching insurance companies that only cover commercial trucks and multi-axle vehicles. For instance, Great West Casualty Company has some great insurance rates for commercial truckers.
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Take commercial training safety and training courses. If you can show your insurance company that you are a safe driver, you may get a lower rate on your insurance policy. When it comes down to it, the safer you are, the lower the risk of getting into a major collision. In a training course, you will learn advanced maneuvers to safely operate a truck in a number of road conditions – from ice, sleet and rain. Not only that, but you will learn how to safely operate your vehicle in the instance that you need to make a last minute, emergency decision.
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Pay a higher deductible on your policy. By taking on the burden of a higher deductible, your monthly premiums will become drastically more affordable. Of course, you may have to forgo a few insurance amenities, like cosmetic coverage, but when it comes to your monthly payments, it will certainly be worth it. All you need is coverage of yourself and other drivers – not necessarily your own truck.
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Combine your insurance. Some insurance companies offer a bundled insurance package, which could be much less expensive than if you had a single premium policy. For instance, if you operate a single truck, you could combine health insurance with your package and save money. In the end, you should ask what your insurance company has to offer.