Contrary to the beliefs of many, the process of buying trucking insurance is much different and often more difficult. There are many more factors your insurance provider must consider as they figure out how much you must be charged. However, to help the customer, most insurance companies have spent millions of dollars to make the process as easy as possible.

As they decide on your premiums, one of the first things they will look at is your driving history. You are considered more of a risk if you have a number of tickets or accidents on your record. People who are considered risks are charged more while people with clean records are given a discount for being safe.

The claim history with your previous insurance provider is looked at as closely as the driving history. If you have filed a number of claims, your prospective insurance provider will assume that you will do the same to them. Because these claims are expensive, they will charge you more in your premiums to offset the financial obligation they occur.

It is wise in the long run to pay for the scratch in the paint or a windshield if you can afford it instead of filing it because it will save you money on your annual insurance plan. It is also important to stay on top of your credit and make sure it is in good standing to keep your insurance prices down.

As you are considered as a potential client, insurance providers won’t only look at your personal history. What you haul and what you haul it in will factor in quite heavily. This section will affect your prices just as much as any other part.

Your chances of breaking down or having an accident are higher if you have an old or poorly-working truck. If your truck is in poor shape you can expect to pay more for your insurance. But having a well-maintained truck is one of the best ways to keep your insurance prices level.

What you haul may be the biggest factor in the prices of your premiums. If you haul what is considered dangerous or hazardous material, you will be required by law to purchase higher limits of liability. This can range from 750k of coverage to 5 million or more.

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