How to secure cheap insurance for your trucks in the US

Yo, truck drivers, let me start by asking a simple question.

Who pays for repairs whenever you bash your truck into other vehicles or when others bump into you?

Your insurance company, you, or the other driver?

I'm guessing you want to say something along the lines of "Well, it depends…."

Indeed, it depends on the situation in question. But let's assume you're in the wrong. Do you have insurance covering your truck, or does the sole liability fall on you?

If you're like most drivers, you probably don't have insurance covering your truck. It goes without saying that this is bad. However, we understand that most drivers don't insure their trucks because of the high costs.

We've created this guide to help you find cheap insurance for your trucks in the US.

Factors that affect truck insurance rates

Many factors go into the cost of insuring a truck. In this section, we’re going to show you what these factors are and how to limit their impact.

Type of truck:

It is not hard to imagine that the type of truck in question plays a part in the cost of insuring a truck. Someone who drives a Japanese Mini Truck will likely spend less on insurance than someone driving a Toyota Tundra. Clearly, the cost of maintenance and repair for the latter is higher than that of the former.

If you're trying to prevent insurance from eating deep into your pocket, you should consider your options when it comes to truck purchasing.

Types of coverage

Want an affordable insurance plan that costs you minimal monthly insurance premiums? Go for a simple coverage like a liability coverage. If you're subscribing for policies like 'full coverage,' which typically covers collision and comprehensive coverage, expect to pay more.

People often opt for expensive insurance coverages like full coverage because of the kind of truck they drive. Again, this is further proof that the type of truck you drive plays a crucial role in your insurance costs.

Unless you have to, always go for trucks that won't compel you to get full coverage.

Type of engine

Diesel engine trucks typically cost more to insure than other truck types. This is because they tend to have a higher list price. And also because their repair and maintenance tend to cost more.

Unless you must, always prioritize other truck engines besides diesel engines when shopping for trucks.

Other factors that may affect truck insurance rate

Besides your truck's model type and engine type, other factors can also affect the cost of insuring your truck. These include:

The insurance company:

Different companies will charge you differently to insure the same truck. This is why it’s advisable to check with multiple insurers before picking one.

 Age and experience level of the driver:

Insurance companies generally believe younger drivers or drivers without truck driving experience are riskier clients to take up. If you fall into this category, expect a higher coverage cost.

 Level of education:

Are you a college degree holder or a high school leaver? Sometimes, your level of education can determine whether you qualify for certain insurance discounts.

 Residence:

Where your truck sleeps every night can play a part in how much you pay for insurance. If you live in high crime areas, expect a higher coverage cost.

 Driver’s gender:

Many insurance companies consider whether the driver is a man or a woman.

 Purpose of trucking:

Are you driving for personal use or commercial purposes? If the former, you can expect to pay less than what people in the latter category pay.

 Credit score:

The higher your credit score, the more reliable you appear in the eyes of an insurer.

 Driving record:

Have you ever had a DUI written against your name? Do you have a hospital record involving a driving accident? Is there anything that indicates you're a bad driver? If so, expect to pay more for truck insurance.

 Mileage:

It is simple logic that the longer you spend on the road, the greater a risk you’ll be perceived by insurers. If you spend a lot of time trucking, expect your coverage to shoot higher than that of someone who drives once in a while.

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