Tips For Getting Commercial Truck Insurance As A New Business

If you are looking to get a new trucking firm on the road, you are probably excited about your new business and the long-term benefits you stand to gain if your company should become successful. But all businesses require careful decisions in the early days, and when it comes to commercial trucking, one necessary expense you'll have to think about is your trucking insurance. While this insurance is of course important, you will also want to try and keep the premium payments as low as you can while still maintaining good coverage levels.

Pay Attention to the Driving Records and Experience of the Drivers You Hire

Just as a non-commercial car insurance provider may charge a higher premium to a 16-year-old, your commercial truck insurance provider is going to look closely at the records and experience of the drivers your new company is hiring to get your fleet down the highway. Try to hire drivers with more experience and years on the road. If your company will be doing long-hauls across the country, you'll want drivers with experience doing this specific type of driving.

Map Out Routes for Your Trucks That Reduce the Risk of an Accident

Another factor in the premium cost of your truck insurance policy will be where you are driving the trucks. Will you be driving on very busy roads where accidents are known to happen or will you be mostly traveling on a turnpike where it's mostly smooth driving all the way to your destination? Look at your route maps or talk to your potential insurance provider about how they view certain highways or roadways from a safety standpoint and make adjustments if you can if you believe it will reduce your risk profile and bring your premium down.

Give Careful Consideration to the Age of the Trucks in Your Fleet and Which Safety or Anti-Theft Features They May Offer

The age of the commercial trucks you use when first building your fleet can be a tricky thing. Used trucks will obviously save you money but may need more maintenance. With insurance, it may cost more to insure a brand new truck than a used one because the new truck has a higher value that needs to be protected. But you also don't want your used truck to be so old that it's seen as a potential risk for breakdowns or a used truck that does not offer modern features when it comes to driver safety or protecting the integrity of the truck's cargo. As a general rule, it's OK to buy used trucks but try and find vehicles that are less than a decade old and with as few miles as you can find in order to keep your insurance premiums down.

Contact a commercial truck insurance company, such as Russell Agency, for more information on insuring your new trucking business.