Truck Insurance Wholesaler for Independent Commercial Agents
- Auto Liability, Cargo Coverage,
Occupational Accident, Physical Damage, Property Liability
- Hard to Place Risks
- Non-standard Markets
- High Risk Truck Insurance
How Much Do Different Types Of Truck Insurance Cost?
Determining the average cost of commercial truck insurances is quite hard because there are a variety of factors that must be taken into consideration. Also, the driver and truck coverage offered by the commercial truck insurance quotes can vary a lot. The features that influences the rate of commercial truck insurances are given here,
- The value of the truck
Premium rates can differ based on the cost of your truck. Hence, most business owners consider the annual insurance cost before they add a new truck to their fleet.
- The skill of the driver
Drivers with many violation records would cost you more. Insurance companies have strict underwriting requirements, especially for heavy duty vehicles like a truck. Thus, it is best to choose a skilled driver with clear driving record.
- The number of trucks insured
Having separate policies for each of your truck is costlier than paying for all them together under a single insurance company. By this way, you can obtain discounts depending on the number of trucks you have.
- Location and distance
The risks involved grow as the distance covered by the truck drivers increases. Naturally, the premium rates swells with greater distance.
The cost would highly vary based on whether the truck is owned or leased.
Here, the value of the truck plays a key role. If the truck is older, the average rate might range from $1500- $2000 per year. A brand-new truck would cost you more.
If you have full authority of the truck, then by considering various factors you might have to pay from $8000 to $12500.
Do not readily go for the cheapest product available. Instead check if the policy covers what you might have to claim in the future.