1. Get quotes from multiple truck insurance brokers

Every truck insurance broker you talk to will tell you trust that he’s your best option. The only way to know for sure that you’re getting the best coverage at the best price is to talk to several commercial trucking insurance brokers before deciding on one.

We can bring 3 different truck insurance brokers to you so you can get connected right away. They will compete for your business, and you’ll have a more objective view of their policies

2. Research which coverages you need

Your trucker insurance broker will offer you several coverages in your insurance packet. Some of these coverages, like liability, cargo, and collision, are essential components of a good truck insurance policy. But come brokers will also offer you less-than-necessary protections. It’s important to know the meat from the fat. Try to get a sense of which one is knowledgeable and can be a true asset to your business. Knowing what coverages you need can save you hundreds of dollars each year. A good place to start learning about different coverages is our Truck Insurance 101 section. From there, you’ll have a better grasp on which coverages are for you.

3. Ask about discounts

Truck insurance companies are looking for low-risk clients.  There are some signals that might predict you’ll be less likely to have a big claim. Things like credit score, OOS violations, CDL experience, and other factors contribute to lower premiums. On top of that, there are other automatic discounts you can qualify for, such as paying the whole premium up front. To learn what other discounts any given trucking insurance broker has to offer, just ask him.

4. Gather company information

Before signing onto any insurance company, make sure it’s reputable. Your state’s insurance department website has consumer surveys, which assess a commercial insurance company’s reliability based on testimonials from real-life truckers. You can also go onto onto trucker forums and ask other drivers what their experiences with their insurance providers have been like. Check out their Standard and Poor’s rating or AM Best rating as well.

5. Read your policy carefully

It goes without saying, but an insurance agreement is a legally-binding contract, and your signature can’t be taken back. Simply reading the agreement can help you avoid problems down the road. If something looks funny or if you have any questions about your policy, contact your insurance broker for clarification, and if you still have unanswered questions, turn to your state insurance department. They’re there to protect you.

6. Shop Companies every year

A good truck insurance broker will shop your policy on a yearly basis to see if he can get you a better deal. If you start to notice your premiums creeping up year after year, it might be time to switch brokers. Truckers who vow to change insurance companies each year have seen annual savings of up to $1,800. It’s a quick way to save yourself a lot of cash.

7. Find a Good Broker? Refer your friends to him!

If you found a true champion, let your friends know. You’ll want this guy to stay in business and be there for you for the long haul.