As a commercial truck driver, you're exposed to a lot of potential hazards. Commercial truck insurance is available to account for these hazards, should you get involved in an accident. When looking over coverage options, consider these tips:
Increase Your Deductible
It's a good idea to increase your deductible, the amount you pay before coverage is applied, as much as you can. Doing so lowers your monthly premiums, giving you the ability to put money towards other expenses and funds. Over time, the premium savings will more than make up for the extra costs on the deductible.
Just know that you're assuming more of a financial risk because you never know when an accident might occur as a commercial trucker. Make sure you can afford a higher deductible, either by cutting out unnecessary spending or working more hours.
Maintain a Good Driving Record
Insurance companies base their quotes on the type of driver you are. For example, if you have a history of accidents and speeding, your deductible is obviously going to be higher. As such, you need to do everything you can to maintain a good driving record.
Always obey speed limits and make sure your rig is loaded the correct way. Get plenty of rest between each haul, so that you have plenty of energy to monitor your surroundings. These extra precautions can help you stay out of trouble with the law, which insurance companies prefer.
If you did get a speeding ticket or was cited for a traffic violation, make sure you follow up with scheduled court dates and take the recommended defensive driving courses.
Choose the Right Coverage Options
Today, there are many types of commercial truck coverage you can get. Some are sold separately, while others can be bundled together depending on which insurance company you use. Collision coverage is always critical for truckers, as it covers the costs associated with an accident, no matter who was at fault.
Since commercial trucks are so large, they can do tremendous damage to other passengers that are involved. You'll be protected if you purchase liability for bodily injury to others. Other types you may want to bundle together include loading and unloading liability, property damage liability, and towing and labor costs.
No matter how great a truck driver you are, accidents are bound to happen. That is why you need to assess your commercial insurance options, so you have protection financially and legally. Contact a company like Metropolitan Insurance Service Consultants for more information and assistance.Share