Car Insurance for Truck Drivers
A professional truck driver has a very involved and important job. Some drivers trek long routes thousands of miles across the country. Their long journeys help keep the economy going as commerce is strongly reliant on the trucking industry.
Those whose trucking endeavors involve short trips within the same daily commuting area are no less important. The cargo has a macroeconomic effect and also has to get to where it is going safely.
One major component to enhancing the safety of the trip is vehicle insurance designed specifically for truck drivers.
Those new to the trucking profession might think acquiring the coverage is a long and complicated process. It is not. Simply procuring a number of quotes online and making a thorough comparison is all that is really required to find the necessary coverage for driving.
The coverage would fall under the category of commercial insurance. After all, driving a truck involves the business use of a vehicle.
Insurance premiums are going to be higher since risks associated with business endeavors are more significant. Still, a reasonable premium price on insurance policies is possible when performing the right approach to comparison searching.
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Ownership of the Truck
Truck drivers might own their own rigs or the trucks could be owned by the company the truck driver is employed with. A driver who owns his or her truck is, by law, required to purchase an insurance policy.
Consider this commercial truck insurance information:
- The trucking company also has regulatory requirements to follow as well. The owner/registrant of the vehicle does need to take out a policy to cover collision and bodily injury insurance.
- The driver who works for an employer does need to review the policy to make sure it is in place and to determine how he/she is covered under the policy.
- The driver may opt to purchase an additional separate policy to cover him/herself in addition to the one in place through an employer.
Acquiring the right amount of coverage is a must. A huge truck brings with it certain additional liability risks which, in turn, create financial risks for the owner and/or driver.
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Truck Accident Disasters
Due to the size of a tractor trailer or other major commercial truck, an accident could spiral out of control rather quickly.
Even when the truck driver is not at fault for the accident, the truck could contribute to extensive damage or injury. A tractor trailer that jackknifes, for example, could cause major problems on the road.
The truck could even be deemed partially – as opposed to solely – responsible for an accident and this qualification would open doors for liability and claims. Having the right insurance policy could mitigate the liability claims in the aftermath of an accident.
Drivers who do wish to protect their assets may opt to look into maximizing the coverage required to operate a truck.
Again, a commercial auto policy, the minimum amount of coverage is going to be far more extensive than what would be the case with a standard non-commercial car policy. Still, the amount might not be sufficient to afford the necessary desirable level of fiscal protection.
Another aspect of protection should be examined, the protection of the truck’s cargo.
Contents of the Truck
One rider that might be extremely beneficial to a truck driver would be coverage that allows for recovery of lost cargo. Comprehensive coverage would cover the theft of the truck, but the cargo in the truck would fall outside of a normal policy.
Such cargo insurance may also be necessary if a collision results in all or part of the cargo. Without a proper rider to protect the contents, the cargo is not going to be protected in any way.
Increasing insurance coverage and adding riders absolutely will drive up the cost of an insurance policy.
The more coverage and more multifaceted the coverage, the higher the premiums are going to be. Don’t look at this as an expense, though.
Paying extra on a premium could very well prove to be a wise move considering the financial protections the added insurance coverage provides. The cargo may cost more to replace than the truck. For this reason alone, buying the added insurance is worth exploring.
Getting the Right Coverage in Place
Comparing rates on additional cargo insurance policies should be performed as part of the overall pricing process. Doing so could lead to saving money on the purchase.
Comparing every single facet of the various coverage quotes is also critically important. Doing so boosts the chances of getting solid coverage capable of supporting all manner of different claims.
In short, the insurance ends up covering costs that would otherwise come out of the pocket of the truck driver. Compare truck insurance options today using our free rate comparison tool.