Attention Colorado truck drivers! We understand that there are many obsticles that you come across on a daily basis, and as you know, commercial truck insurance does not come at a cheap cost.
But how much does it cost exactly? Well, how much you pay for commercial truck insurance really depends on several factors.
If you’re a private carrier, you’re responsible for your truck and all of the goods you haul across the country. We’ve compiled a list of the factors that have the biggest effect on the cost of the commercial truck insurance.
- Accidents — It’s important to keep your driving record as clean as possible. Drivers who have been involved in accidents will typically pay higher premiums. By keeping your eyes open, you can help keep your insurance costs down.
- Your Credit Score — By improving your credit score, you will be able to show insurance companies that you are reliable and prompt when it comes to your bills. If you have a bad credit score, insurance companies may be less likely to issue you a policy.
- Your Deductible — Raising your deductible, the amount you pay out-of-pocket for damages, is an easy way to keep the price of your truck insurance at a minimum. Just make sure you can afford to pay the deductible, if need be.
- Area of Driving — Severe weather or traffic problems often come into play when talking about cost. Many truck drivers face challenging terrains and weather conditions. In order to keep costs down, it is important to drive cautiously at all times and keep your driving record clean.
Besides these four factors, there are other ways to help keep costs down. If your business has not filed a claim for at least three years, you may be eligible for a discount. Also, if you can provide proof of continuous insurance, your premiums may be lowered.
Here at LSI Insurance, we know how to find the right insurance for your vehicle. Our team is here to help you find the best commercial truck insurance in Colorado. Call us at 970-674-1151 or request a free quote right now.