How Commercial Trucks & Vehicles Insurance Premiums Are Calculated

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, 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 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.

Move Over Laws

Truck Insurance Roseville, CAAll fifty states in the country have implemented move over laws to protect first responders, tow operators and police officers along highways. This law requires drivers to give a one lane safeguard for stopped emergency vehicles. If you fail to move over, you could be pulled over and receive a moving violation.

The “Move Over, America” laws is in partnership with the National Safety Commission, The National Sherriff’s Association and the National Association of Police Organizations. While the law is more about protecting our law enforcement that it is to penalize drivers who don’t obey the laws, it was put into place to protect our officers after 150 officers had been killed by other drivers since 1997 *

According to a national poll by Mason Dixon Polling, 71 percent of American have not heard of the move over laws, while 86 percent of people support them.

Helping to protect our law enforcement officers is everyone’s job. If you’re an experienced trucker, you likely already know this law. From time to time, you may get stuck and be unable to move over. This is understandable so be sure to slow way down so the officers can see you approaching and passing. Drive by example to make our highways safer for everyone.

Have questions about your truck insurance? Contact an agent at Network Truck Insurance Services. We’ll answer your questions and find you the best coverage for your needs.

*https://www.nationalsafetycommission.com

Truck Driver Shortages

California Truck Insurance AgencyOur nations national disasters from hurricanes in the Gulf Region to floods in Texas have added to the already existing truck driver shortage problem in the U.S..  Additionally, the new hotly contested mandate for ELD that took effect in December of 2017 has further impacted this shortage.

Truck driver shortages likely means increased salaries and increased shipping costs for consumers and businesses. According to a report by the American Trucking Association, the driver shortage is expected to surpass 50,000 drivers and if the current trend holds, by 2026 the industry will be short 174,000 drivers. Taking into account driver turnover and retirements, this means that over the next decade almost 900,000 new drivers will be needed.

Truck driving is a rewarding profession with competitive pay and allows many owner-operators the freedom from the corporate world. It is also one of the most stable professions out there. If you’re considering becoming a truck driver and owning your own business, talk to one of our licensed agents about your interest & we can shop for truck insurance. We can help you understand the costs of running your business as well as finding out of this field is right for you.

ELD Mandate Device Compliance

In December of 2017 the mandate for ELD (Electronic Logging Devices) started. While many devices claimed to be compliant, how are you to know what devices are FMCSA certified and which ones are not? The FMCSA recently provided a checklist to consider before selecting a device for your truck.

Before you purchase an ELD, have the vendor confirm that it:

  • Provides separate accounts for drivers and administrative (non-driver) ELD users
  • Has “integral synchronization” with the engine control module to automatically record engine power status, vehicle motion status, and other data
  • Automatically records all driving time and at intervals of 60 minutes. Records date, time, location, engine hours, vehicle miles, and driver identification
  • Reduces location accuracy to a 10-mile radius when vehicle is used for authorized personal use
  • Records location with an accuracy of one-mile radius during on-duty driving periods
  • ELD time is synchronized with UTC (coordinated universal time)
  • Retains data for the current 24-hour period and the previous 7 consecutive days
  • Prevents tampering; does not allow anyone to alter or erase information originally collected for driver ELD records
  • Prevents tampering; does not allow anyone to alter or erase information originally collected for driver ELD records
  • Requires driver to review unidentified driver records – and either acknowledge assignment of this driving time, or indicate that the records do not belong to the driver
  • Allows a driver to obtain a copy of his/her ELD records on demand – either through a printout or electronic file
  • Supports one of two options for electronic data transfer:
    • Telematic Type: using wireless web services or email
    • Local Transfer Type: using USB 2.0 or Bluetooth
  • Displays all required standardized data to authorized safety officials on demand – through a screen display or printout that includes three elements: a daily header, graph grid showing driving duty status changes, and detailed daily log data. The graph grid, if printed, must be at least 6 inches by 1.5 inches
  • Requires driver certification and annotation (written explanation) for any edits to records that are made by the driver or any other ELD user
  • Volume control or mute option for any audio feature

*Information checklist provided by the USDOT

The new rules and regulations regarding the ELD devices can be confusing. If you have any questions about this device feel free to call and ask to speak with one of our commercial truck insurance specialists or request a quote on our website.

I’m Starting Out My Trucking Business. What type of Insurance Do I Need?

Truck Insurance for my new business in CaliforniaWhether you’re an owner-operator just staring out, or perhaps a towing operator you need great truck insurance coverage. Network Truck Insurance Services offers great options from some of the nation’s top truck insurance companies regardless of the type of trucking business you operate. Consider some of these great coverage options:

  • Truck General Liability – This coverage pays for injuries or property damage you cause as a result of business related activities not directly related to your truck.
  • Truck Cargo Insurance – Coverage for your freight from loss due to fire, collision or striking of a load.
  • Non-Trucking Liability – Covers you when you’re using your truck for non-trucking activities such as running to the grocery store or visiting friends.
  • Trailer Interchange – Coverage for trailers being pulled as part of a trailer interchange agreement.
  • Rental Reimbursement & Downtime Coverage – Covers the cost of renting a truck if yours is out of commission due to a covered loss.
  • Physical Damage Coverage – Coverage for your truck when involved in a collision, fire, theft or vandalism.
  • Mechanical Breakdown Coverage – Coverage to help cover costs associated with mechanical breakdown such as towing.
  • Many more! Visit our website to learn more about coverage options that may fit your needs.

Network Truck Insurance Services in Roseville, CA can insure your business regardless of where you live or where your business operates. We work with the top truck insurance carriers in the country to offer you unparalleled coverage and pricing options that fit your needs to ensure you can be safe on the road and that your trucking business stays afloat if you’re involved in a major accident.

My Child Is Delivering Food With His Car. Do I Need to Share This With My Insurance Agent?

Insurance Coverage you need if delivering food with your vehicle in CaliforniaIt is great that your child has a job and is earning their own money. The modern world of convenience is offering us many new ways to get food and almost instant retail deliveries, but what you should know is that your standard auto insurance policy likely does not cover you for delivery type services.

Regardless of what you deliver, a personal auto insurance policy doesn’t provide coverage for paid delivery drivers. For this, you need a commercial auto policy.

A commercial auto insurance policy is needed for:

  1. Freight delivery
  2. Food delivery services
  3. Courier delivery services
  4. & many more!

Some people think that simply not telling their insurance company means they won’t be able to charge them the extra premium and that they will pay the loss. Don’t kid yourself. Simply not telling your insurance company that you or your child is using their vehicle for delivery does not mean they will cover you when a loss occurs using the vehicle. In fact, when it comes to insurance, it is a black and white coverage decision. Either there is coverage or there isn’t.

When deciding what coverage you need, ask yourself these questions:

  1. Who owns the vehicle you’re using for delivery? If it is owned by the company, they probably have a commercial policy. If you own it, you need to carry the right insurance.
  2. How are you using this vehicle? Delivery drivers need a commercial insurance policy.

Your best bet is to talk to a licensed agent in our office to discuss your insurance needs. Remember, simply not telling your agent or your company that you or your child is using the vehicle for delivery doesn’t mean you’ll be provided coverage regardless of any auto insurance claim you have to deal with.

Preventing Injuries With Your Trucking Business

Best Truck Insurance Rates in CaliforniaTrucking is a satisfying and independent business much of the time. You travel from place to place hauling cargo for businesses and consumers alike, essentially keeping our economy moving. Sometimes you put in long hours so ensuring your safety is a top priority. Here are some safety tips to ensure you’re safe on the open road the next time you hop behind the wheel.

Inspect Your Equipment

Inspecting your equipment can prevent more than just injuries to yourself. Insecure loads, worn-out straps and tie down points can cause your load to shift or come off your trailer. Completing regular walk-arounds of your equipment before each time your drive it can be an easy prevention strategy.

Buckle Up

According to the Department of Transportation, nearly half of all truckers fail to use a seatbelt while operating their trucks. This simple safety technique can not only help to prevent injuries, but could save your life.

Wear proper safety Equipment

Utilizing proper safety equipment is a simple strategy to avoiding injuries. Things like non-slip, steel toed boots and shoes, gloves and hardhats are examples.

Back Safety

Teaching your crew or learning yourself proper techniques for lifting as well as driving posture can help you avoid back issues.

Enter & Exit Truck

Requiring your drivers and yourself to enter and exit trucks using the three-point-contact.

Incident Investigation

If you’re the owner of a trucking business and have other drivers working for you, it is essential that you investigate any safety or work injury incidents appropriately to ensure it doesn’t happen again.

Not all injuries can be prevented, but using these simple strategies for both yourself and your drivers can help control insurance costs as well. Network Truck Insurance Services in Roseville, CA works with the top truck insurance companies in the nation. Contact us to get a free truck insurance quote or policy review.

Understanding Trailer Interchange & Non-owned Trailer Coverage

It is common in the trucking industry for truckers to use trailers belonging to others in their business. All of our coverage forms extend liability coverage to non-owned trailers while attached to a covered auto. However, in many instances truckers are responsible for any physical damage that may occur to the non-owned trailer while it’s in their possession as well. Physical damage for non-owned trailers is not inherently including in your liability policy- it must be added to your policy separately.

There are simple additions we can make to your policy to cover non-owned trailer physical damage.

*Trailer Interchange- Trailer interchange is the most common with the UIIA (Uniform Intermodal Interchange and Facilities Access Agreement). Trailer interchange does extend to liabilities an insured may incur for damages to a trailer while it is in his possession, and does not require that the trailer be attached at the time of loss. It also includes “containers” under the definition of trailers, so it is used most often for intermodal operations where the equipment includes both a trailer chassis and container. Trailer interchange does require a “written trailer or equipment interchange agreement” be in place at the time of loss, so it may not extend to all situations when a trucker has a non-owned trailer in his possession.

*Non-owned trailer Physical Damage- This coverage extends over a covered auto and “any non-owned trailer while attached to the covered (or scheduled) power unit”, and usually lists a limit of maximum physical damage coverage amount for the non-owned trailer. The advantage of this coverage is no written agreement must be in place. It is important to understand that the non-owned trailer must be attached to a covered power unit at time of loss for non-owned trailer physical damage to apply.

If you have any questions about pulling non-owned trailers or otherwise, feel free to call us at Network Truck Insurance Services and we will be happy to assist you in making sure your insurance policy fits your needs!