How Commercial Trucks & Vehicles Insurance Premiums Are Calculated

Best Commercial Truck Insurance Rates in California

Best Commercial Truck Insurance Rates in CaliforniaWhen it comes to insuring large commercial trucks and vehicles, dealing with an experienced insurance agent will provide you with an understanding of your commercial truck coverage options and getting a better price on your commercial truck insurance.

Insuring a tractor trailer or semi-truck is very different than getting insurance on a pickup or SUV. In fact, many factors and discounts that come into play can include:

  • Weight of truck
  • USDOT authority
  • Coverage requirements
  • Cargo being hauled
  • Vehicle Type
  • Driving & CDL experience
  • Years in business
  • Credit history
  • Ticket & accident history
  • Distance typically driven
  • How you choose to pay
  • Prior insurance history

If you’re looking to get lower insurance premiums, there are some things that you can do.

  1. Clean up your driving history: Clean drivers have lower premiums. Period.
  2. Pay In Full: Paying your insurance premium in full (when possible) can provide massive discounts.
  3. Raise deductibles: Increasing your deductibles essentially shifts some of the risk to you. This can lower your premiums.
  4. Work with an agent who specializes in truck insurance: Insurance agents are discount detectives and want to help you get the most coverage for the best price. You won’t pay more for working with an agent either.

Questions to ask your agent:

Our licensed commercial truck agents will tailor a policy to meet your insurance needs as well as the contractual needs that you have. Be sure to have an open conversation with your agent including your driving history as this will always come up when a clue or motor vehicle report is run.

Let us help you find the best rate on your commercial truck insurance. We’ll dig for discounts, search our network of commercial truck insurance carriers and help find you the right coverage at that right price.

What Insurance Do Owner Operators Need?

Owner Operator Truck Insurance Roseville, CA

Owner Operator Truck Insurance Roseville, CAIf you run a business as an owner operator truck driver, chances are you’re pretty busy. The nationwide shortage of truck drivers continues to get worse leaving your schedule full. With your busy schedule you probably don’t have time to worry about whether your insurance coverage is sufficient and up to snuff for your growing enterprise.

Fortunately, Network Truck Insurance Services, Inc. offers a full array of truck insurance coverages to keep you protected on the road.

For Owner Operators who are working under their own authority, we offer great mandatory as well as options insurance coverages. Some of these insurance coverages:

  • Liability Insurance
  • Physical Damage coverage
  • Motor Truck Cargo Insurance
  • Motor Truck General Liability Insurance
  • Uninsured Motorist Insurance

It is possible your motor carrier will provide you with these coverages too, but be sure to get a copy of what is provided and talk to your Network Truck Insurance Services, Inc. agent about owner operator insurance coverages you may need.

  • Non-Trucking Liability insurance
  • Physical Damage Coverage
  • Motor Truck Cargo Insurance

Network Truck Insurance Services, Inc. works with the top truck insurance companies in the nation. We offer comprehensive solutions for trucking and business insurance.

5 Things to Consider Before you Switch Your Insurance

Switching insurance companies in Roseville, CA

Switching your insurance policy can save you hundreds of dollars a year. But, make sure you consider these things before you make the switch.

Tip #1: Compare Apples to Apples

You’ve seen the commercials – “average savings of $500 a year for those who switched…” Absolutely you can save money. However, be sure that your new quote compares your current policy to the new policy – all coverages, driving records and vehicles the same. Any one thing can make a big difference. Many companies will try to lure you with great savings, but a CLUE report (comprehensive loss underwriting exchange – also known as your claims history) is not completed until after the application is submitted. Online companies are notorious for doing this.

Tip #2: Status Changed

If you’ve recently received a ticket or an accident, moved or purchased a new vehicle, have your current policy changes made prior to shopping. It is entirely possible that your new ride may get you some savings, or result in a price increase. In addition to this, if you’ve recently had a ticket fall off of your driving record, it would be worth calling the company to see if they can remove it now and save you some money for the remainder of your policy term. Regardless, if something changes, be sure to revert to tip #1.

Tip #3: Work with an Independent Insurance Agent

Independent insurance agents are discount detectives and have access to multiple companies. Even better, they know your current situation, history and can give you recommendations across many of their companies. They can compare rates between each of their carriers and let you know the benefits of each company.

Tip #4: Multi-Policy Discounts

When you’re looking for a new policy, be sure to take all things into consideration. You may be focused on your auto insurance, but if you have a package policy (multiple policies with the same carrier) you are likely getting discounts. If you move your auto insurance policy to another carrier, your home insurance may increase as much as 20% eliminating any saving you received. Take all of your policies into consideration. One additional item to consider here is if you have an umbrella policy, this is typically required to follow your home insurance policy. Some carrier require the home and auto to write the umbrella, so talk to you agent about your specific situation.

Tip #5: Your Relationship with your Agent

Knowing your insurance agent and having a business relationship with them is important. They are the ones who will go to bat for you in the event you have a claim or accident. Often times they can help you file that claim or give you recommendation on local companies to help fix your issue. If you have your insurance directly with the company handling your loss, you don’t get this representation. Having a local independent insurance agent is the way to go.

Have questions? Contact an agent at Network Truck Insurance Services, Inc. in Roseville, CA. Our agency specializes in truck insurance. Contact us for a policy review or a free quote.