State insurance risk pool halves commercial auto surcharge

The North Carolina Reinsurance Facility (NCRF) will dial down the surcharge it has put on insurance policies for commercial drivers in the state.

Officials with the state’s insurance risk pool will implement a 7.83% surcharge, which will be assessed on both new and renewal commercial vehicle policies in NC, effective October 01; previously, the surcharge was 14.63%.

Transport Topics reported that the surcharge applies only to commercial liability coverages, which include bodily injury liability, property damage liability, medical payments, uninsured motorists and underinsured motorists’ coverage premiums. The surcharge will not be applied to a motor carrier’s policy for collision or comprehensive coverage.

The surcharge will be assessed on NC motor carriers, motor coach operators, taxi owners, logging truck operators, dump truck operators and others.

NCRF originally imposed the surcharge to recoup the losses it had sustained over the past four years. The facility attributes its losses to charging rates too low for uninsurable truckers and the decision to insure ineligible motor carriers.

The agency is facing a $96 million shortfall.

While some have welcomed the surcharge reduction, others are concerned that it does not improve the agency’s financial situation.

“They’re just putting it off. They’re still not managing it correctly,” said Rob Moseley, a Greenville, SC attorney whose clients include trucking companies in NC. “When you’re the one nobody wants to insure, you ought to be prepared to pay a higher rate. In North Carolina they’re not paying a higher rate, they’re paying market or better. That’s what is continuing to lead to the shortfall.”

“Rather than the people in the pool paying those losses, the people who are outside the pool also are being asked to pay the losses,” Moseley told Transport Topics.

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Logging truck insurance is hard to come by

Although the logging industry continues to get safer, it’s still consistently ranked as the most dangerous industry in the United States – and many carriers seem scared to get too involved, according to one industry insider.

Tom Buckingham, general manager of the Forest Insurance Center in Newberry, MI, said the industry is continually working to improve and innovate to be safer – to both improve conditions for employees, and also remedy a public perception about logging dangers.

But carriers, particularly for logging trucks, continue to be slim picking for insured companies, he said.

“I think what we’ve seen across the nation is that many carriers that used to offer log truck insurance are no longer there,” he said. “Many carriers that used to offer property insurance, fire insurance for saw mills, are no longer there. And that is of much concern to this group … maintaining stable markets.

“Market availability has shrunk extremely.”

In the Midwest and Pacific Northwest there are “a handful” of carriers available, but once you get into the Deep South, Buckingham said, “there are very, very few carriers available for log trucks and chip haulers, and they’re very expensive”.

The insurers that remain in the forestry space are “committed” to the industry, however, Buckingham said.

The dangerous nature of the industry – with loggers dying from felling and saw injuries, and being severely injured a long way from medical help – keeps most insurance carriers from touching the industry.

“Not everybody has the expertise to dabble in the forest products industry,” said Buckingham. “The general insurance companies in the States, many of them shy away from logging and log trucks because of the severity factor. Many insurance companies want nothing to do with that high-risk, high-hazard occupation.”

Nevertheless, though, insurance for loggers remains strong business, Buckingham said. After all, logging isn’t going anywhere.

“To put that in perspective: if you’re against logging, try using plastic toilet paper,” he said.

The industry is focussed on heightening public awareness that “wood is good,” Buckingham added.

“The industry is always looking for technical ways to become more proficient in what they do. And safety – safety is of paramount concern, for the general public as well as employees within the industry.”

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Help On Getting The Truck Insurance That You Need

Truck insurance is a legal requirement if you wish to operate a vehicle. While some policies may seem expensive, picking the kind of coverage you need and considering your budget can help you pick something affordable. Read this article for tips on how to choose the right truck insurance policy.

The internet can be a valuable asset when it comes time to renew your truck insurance policy. You can comparison shop to find an agency that offers the coverage you want at the lowest possible price. No agents are needed for online transactions so the agencies pass some of their savings on to you in the form of lower premiums.

To save money on truck insurance, consider raising your deductible. You’ll need to be able to pay for some repairs out of pocket, but if you’re comfortable doing so, you can see significant savings by raising your deductible from $250 to $500, and even more if you go to a $1000 deductible.

Get liability-only coverage. This policy is the cheapest one you can get that still follows all mandatory minimum state laws. Just remember that it does not cover you or your vehicle, only the other person and their vehicle. In the event your truck is damaged in some way, you would have to pay for the repairs yourself.

Get your insurance quote before you buy a vehicle. This way, you will know in advance how much everything will cost altogether. Find out if buying a slightly different truck will change your rates. Every little bit helps, and if you can walk away with a truck that has lower rates, you would want to do so.

If you have developed a history of trouble-free driving over the course of several years, inquire with your truck insurance company about a no-claim discount. Many companies offer these discounts for reliable customers they have not had to pay-out for. Some companies apply no-claim discounts automatically; with others the driver must inquire. It never hurts to ask!

Avoid paying for your truck insurance with a monthly bill. Your truck insurance company may add three to five dollars to your premium. It may not seem like much, but it adds up quickly. With everything else you pay, this can become a strain. It is much better to have fewer payments.

If you are a young driver paying for your own truck insurance, add an older driver to you plan. Having a more experienced driver on your plan can reduce your premiums. Just make sure this older individual is willing to be added and that your truck insurance provider offers the discount.

Although it may be obvious, driving safely is key to maintaining low rates and premiums. Bad driving such as speeding can increase your rates and also lead to non-renewal of your policy. A truck accident will usually increase your costs by up to 40%. Of course you should avoid bad driving regardless of your truck insurance to avoid tickets and dangerous accidents.

If you recently got married, providing that you and your spouse have the same carrier, you may want to consider combining your spouse’s policy with yours or vice versa. Doing so can net you significant savings because you will be lumping two individual policies into one multi-vehicle policy, on which many carriers offers a discount.

Drive safely and carefully. Good drivers will get discounts on their truck insurance. By avoiding drunk driving and respecting simple rules, you can avoid getting into an accident that you are responsible for. Your insurance should not increase as much if you get into an accident that you are not responsible for.

If you drive up to 7500 miles in a year, you can most likely get a large discount on your insurance. If you’re able to cut back on driving by carpooling or using public transportation, your insurance rates just might benefit.

When determining how much truck insurance coverage you will need, you must keep in mind your driving record. If you make a long treacherous commute to work every day, or if you have a history of accidents, you should get more complete coverage. More complete coverage could include collision or comprehensive, depending on your specific requirements.

Truck Insurance

A great way to save some money on your truck or truck insurance is to drive your vehicle less frequently. Many of today’s best truck insurance companies offer discounts to customers for low-mileage, incentivizing people to keep their trucks parked. If you can walk instead of drive, you can get some good exercise and save money on your insurance.

If you get into a truck crash or other accident, it is too late to use insurance to cover costs to repair your vehicle. To avoid the illegal practice of driving without insurance, check out multiple policies and pick one you can afford. Remember these tips when looking for truck insurance.

Truck Insurance Advice That Is Proven Useful

Make sure to choose the proper truck insurance for you and your family; one that covers everything you need it to. Research is always a great key in finding the insurance company and policy that’s right for you. The tips below will help guide you on the path to finding the best truck insurance.

If you are thinking of adding a teenager to your truck insurance, find out how much it would cost to put them on your policy, versus the amount it would cost to get them a separate policy. You may save money by purchasing your child a separate policy; the type of trucks that you have factor into the price.

Asking for an age discount can help save a bundle on truck insurance for older drivers. If you have a clean driving record, insurance companies are likely to offer you better rates as you age. Drivers between the ages of 55 and 70 are most likely to be eligible for such discounts.

The internet can be a valuable asset when it comes time to renew your truck insurance policy. You can comparison shop to find an agency that offers the coverage you want at the lowest possible price. No agents are needed for online transactions so the agencies pass some of their savings on to you in the form of lower premiums.

Before you purchase a truck, you should be thinking about what type of truck insurance you want. In fact, before you put a down payment on an truck at all, make sure you receive an insurance quote for that particular truck. Knowing how much you will have to pay for a certain type of truck, can help you make a fiscally responsible decision.

Find out all of the available discounts that your insurance provider offers. There may be some discounts available that you did not know about when you opened your policy. You may have to take a driver’s course of some kind but it will increase your driving skills and reduce your premiums.

Once your truck gets to be older and worth less, consider dropping the collision and maybe even the comprehensive coverage. You will save a good bit of money on your premiums. Find out how much your truck is worth and calculate what you pay each year to insure it. If the numbers are close to each other, reduce the coverage.

You should choose a popular and recent vehicle over anything else. If your vehicle needs to be repaired, parts will be easy to find and remain relatively cheap. With an older model, you might have to order the parts or with a rare foreign brand, have the parts shipped from overseas. This will raise your insurance, or not be covered by it.

You should always pay your truck insurance on time. You will have to pay back your insurance company, perhaps with interest. If you cancel your policy without paying back your insurance company, this will show up on your credit score. When you apply for a new insurance, your bad history will show up.

If you are in an accident, report it. Even if there aren’t any injuries that are obvious at the time. It doesn’t mean you are necessarily filing a claim, just letting your insurance company know what happened in case a claim is filed by the other party at a later time.

Be sure to ask your insurance agent about truck insurance discounts for having all of your insurance coverage with him or her. When you have your truck, homeowners, health and dental insurance all in one place, you may qualify for a good discount. Additionally, if you have multiple trucks to insure, it may lower your rates.

Find out about your deductibles before you ever need any work done. Sometimes you may not realize you got a great low truck insurance rate by agreeing to pay a huge amount out of your pocket before any repairs will start. Get hold of your insurance rep and ask them to explain it to you.

If you are going to be late on an truck insurance payment, call your agent. Your agent should be able to help you get an extension, or reschedule a payment, so that your credit rating does not go down. If you miss payments and lose coverage, you could be at a higher rate for a year or more.

There are ways to lower your truck insurance rate, if the high amount is due to a less-than-perfect driving record. Some companies will be willing to reduce your premium for safe driver courses, for instance. Some companies, such as Progressive, will install a chip in customer’s trucks that will monitor their driving each day. If the chip reports that you’ve been driving responsibly, you’ll soon be paying lower rates.

When trying to decide on an insurance company for your truck insurance, you should check into the department of insurance from your state. You will find some valuable information there which will include closed insurance cases, important financial data as well as licensing information. This research will help you decide if you feel comfortable trusting this insurance company.

Truck insurance companies often offer discounts for particular careers and professions. You should remember to consider not just your own line of work, though; if you have a spouse or other family member working in an insurance-friendly field, consider bringing them on board your truck insurance policy to get a professional discount.

Call your truck insurance company and ask for a comprehensive list of all of the discounts they offer. Go down the list and determine if you are getting as many of them as you can. For example, you might be able to save a significant amount by taking a free defensive driving course or by reporting a co-habiting partner.

Make sure that you do your end of the research and know what company you are signing with. The tips above are a great start on your search for the right company. Hopefully you will save some money in the process!

20 Least Expensive Trucks To Insure In America

We decided to profile the cheapest trucks to insure in America to help your decisions.

Unless you are swimming in cash and don’t fear a financial disaster, you may want to consider insurance premiums that you can pay for different models of trucks. This may be a major determining factor in deciding which truck is ideal for you. Once you get your truck, you will finish paying for your vehicle loan, but you will never stop paying insurance premiums until you sell your truck. If you consider this, you will need to determine what trucks are within your budget for insurance before you make a purchase decision.

If you are on a budget, you may be tempted to go for a cheaper truck in the mistaken belief that this will cost you less to insure. Generally, that might be accurate, but there are other factors that can drive down insurance rates for a higher end truck.

An upscale truck may be cheaper to insure since because of low claim rates made by others with a similar truck. As well, buying a second-hand truck will not necessarily result in cheaper rates. A truck might be prone to breakdowns, or the model may have a bad record of frequent accidents.

It would be unwise to get a cheaper truck only to end up spending so much more on insurance and other costs as compared to someone with a pricier truck. We decided to profile the cheapest trucks to insure in America to help your decisions. Check out the list here.

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Insureds misusing their personal vehicles for commercial work? They’re going to get caught

A technology data company is helping carriers catch out insureds who are misusing their policies by using personal vehicles for commercial work.

Alex Young, vice president of risk solutions at Digital Recognition Network (DRN), said the company has contracts with 11 carriers and is in talks with 15 more – which would make up 70% of the vehicle insurance market in the United States.

The company’s data recognition service has built up more than six billion data points of car license plate sightings across the country. With 2,000 car-mounted license plate readers circling the country’s streets non-stop, all day, every day, using license plate-recognition technology, the company can spot when identified vehicles are being used inappropriately.

“Every insurance carrier knows they have this problem,” Young said. “Many believe the problem is minor, and, in any case, up to this point there has been no effective way of discovering the issue. When insurance carriers see the results of DRN’s [data recording], they are generally surprised by the size of the problem.

“We have had carriers with as much as 40% of their ‘at risk’ VINs showing signs of commercial use. The adoption of this product to eradicate commercial use from the personal lines insurance carriers has been rapid.”

Young said a carrier provides a list of VIN numbers it considers “at risk” for commercial use – such as Transits, Sprinters, Econolines, large pickups – and then DRN can pull from its database multiple shots of those vehicles in various situations they’ve been spotted.

“We discover the commercial use by reviewing our pictures gathered from license plate recognition sightings and look for commercial attributes such as signage, ladders, ladder racks, tools, equipment, commercial trailers, etc.,” Young said.

“We look for vehicles that have been insured for personal use and look for indicators that they are used for commercial purposes. The reason this is important is that the risk is significantly different and can lead to losses that are not reflected in the premium charged.”

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The More You Know About Truck Insurance, The Better It Is For You

Searching for truck insurance can be a tiring and frustrating experience, especially when there are so many different companies to choose from and so many different insurance plants. This article will give you some helpful tips about truck insurance and assist you in your quest for a good deal with a high-quality plan.

If you’ve ever been in an accident you know what a hassle is to get an insurance adjuster to pay your claim. But if you’ve read this tip, next time won’t be so difficult. With modern technology everyone has a camera handy. Don’t be afraid to use it! After an accident, take pictures of your truck, their truck, and yourself if there are any injuries. This should make getting the claim paid far less troublesome.

When trying to get a lower rate on your truck insurance, don’t be afraid to shop around. Truck insurance companies use different formulas to calculate who is a higher risk driver and therefore who has higher premiums. Even a slightly different set of questions could mean big savings for you.

To make sure your insurance covers you like it should, make sure you know how to file a claim and keep the paper work related to your insurance policy handy. When something happens, do not wait to file a claim. Contact your insurance right away so that they can help you out quickly.

A great way for you to save money on your truck insurance is to find an all-in-one insurance carrier. If you can find a company to provide your truck insurance, homeowners’ insurance, and health insurance, you can purchase one large package and save up to 40% off of purchasing separate insurance packages.

There are many ways to save money on your truck insurance policies, and one of the best ways is to remove drivers from the policy if they are no longer driving. A lot of parents mistakenly leave their kids on their policies after they’ve gone off to school or have moved out. Don’t forget to rework your policy once you lose a driver.

Before buying a truck, take into consideration the cost of the insurance policy for the type of truck or trucks you are looking at. Generally, the more expensive the truck is, the higher the insurance cost will be. Take into account the insurance cost before purchasing the truck you have chosen.

Take a driving course. Defensive driving, safe driver, and superior driving courses all show your insurance company that you are both a cautious and safe driver. Bring your certificate in to your insurance agent, and let them make a record of it. Many companies reward safe drivers with lowered premiums.

Although you may think your insurance will be reasonable because you are driving an economy truck, you may just have a surprise. Some trucks are considered to be highly sought by thieves and if this is true of your truck, you will see an increase in the price of your insurance, as well. Be sure to be aware of this when purchasing your truck and consider avoiding these “hot” trucks.

If you are a younger driver who is being hit with extra insurance charges because of your age, don’t worry too much. Many agencies work with a “good student” discount. This means if you have above a certain GPA and bring in your transcripts you can receive a discount, sometimes a quite substantial one. Make sure not to overlook this opportunity.

To ensure your claims will be dealt with quickly, choose top rated insurance companies only. Unknown insurance companies may offer low rates and may seem like a good deal in the short run, but if they try to avoid paying your claims, they can cost you in the long run. Research insurance companies and be sure to select one with a good record.

Every state has specific legal requirements for minimum truck insurance. Property damage and bodily injury liability are the usual requirements. Ensuring that a driver’s insurance meets these requirements is the driver’s responsibility, not the insurance company’s. Wise drivers research their local insurance laws and learn their legal minimums, to ensure that they get proper coverage.

A great tip to use to save money on your truck insurance is to pay for the policy in full. By doing this, you can save upwards of 30% on your truck coverage. Paying month to month may be more convenient, but it can also be a lot more expensive. Paying in a lump sum is preferable if you have the means to do so.

Take advantage of every possible truck insurance discount. Some insurers list all of their discount possibilities on their websites, while other insurers are not so forthcoming. You may need to telephone your agent and ask them to list all the discount options for you. Research what other companies offer so you are prepared to ask questions. Can you get a discount for going to defensive driving school? How about accident forgiveness? Do you get a good driver discount? Ask about any discounts on deductibles for good driving history, and loyalty discounts for staying with the same insurer.

To get the best rate on your truck insurance, it is important to shop around, even if you are happy with your current insurance provider. If other companies are offering significantly lower rates for the same insurance coverage, then take that information back to your own provider and use it to negotiate a better rate.

Truck Insurance

A great way to save some money on your truck or truck insurance is to drive your vehicle less frequently. Many of today’s best truck insurance companies offer discounts to customers for low-mileage, incentivizing people to keep their trucks parked. If you can walk instead of drive, you can get some good exercise and save money on your insurance.

Now that you have gained some insight into different varieties of truck insurance, you should be able to make an educated and informed choice on what type of insurance you would like to obtain. Insuring your truck is an important decision, so hopefully this article has been able to help you make the right one!

Trucker hit by car during boot dispute in Georgia Walmart parking lot

The parking enforcement worker was charged with aggravated assault for allegedly hitting a truck driver with his Kia.

A man was arrested after striking a truck driver with his car during a dispute over a booted big rig at a Walmart in Perry, Georgia, on Tuesday.

The dispute began at the Walmart Supercenter on 1009 St. Patricks Drive around 6 p.m. when truck driver Arthur Emons called in a wrecker service to help remove the boot that had been placed on his truck in the Walmart parking lot by an employee of Buckhead Parking Enforcement.

According to a report in the Macon Telegraph, 23 year old Buckhead Parking Enforcement worker Mason Parker was trying to use his Kia to prevent the wrecker truck from leaving the scene when he reportedly struck Emons in the legs with his vehicle. Emons began yelling that he had been hit by the car.

Perry police arrived at the scene and placed Parker under arrest. He has since been charged with aggravated assault.

Emons did not seek medical treatment after the incident.

The Walmart in Perry has become infamous in online trucking communities over recent months because of their aggressive policy of booting trucks in the parking lot.

In April of 2018, it was reported that Walmart had hired Buckhead Parking Enforcement to patrol their parking lot and boot tractor trailers that are in violation of the 30 minute truck parking policy. Drivers who have been booted must pay a $500 fine to have the boot removed from their vehicles. Drivers who fail to pay the fine will have their trucks towed.

Since Buckhead began booting trucks this spring, Perry police report that they’ve been called out to several disputes in the Walmart parking lot. “Then it usually winds up in an argument, and we get called,” said Perry Police Captain Heath Dyke.

Numerous truckers have also taken to social media to express their disappointment and displeasure with the booting policy.

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Read Up On Truck Insurance Tips And Info

Even people who do not need to commute to work will still most likely need a truck. Whether shopping for groceries or always making sure you have a way to get around in case of emergencies, owning a vehicle is important and so is getting the right type of truck insurance. Check out these tips on insurance.

If you are a young driver and pricing truck insurance, consider taking a driver’s education course, even if your state does not require driver’s education to earn your license. Having such a course under your belt shows your insurance company that you are serious about being a safer driver, and can earn you a substantial discount.

To save money on truck insurance, be sure to take your children off of your policy once they’ve moved out on their own. If they are still at college, you may be able to get a discount through a distant student credit. These can apply when your child is attending school a certain distance from home.

Be sure of what coverage you need when it comes to buying truck insurance. Even though there are many options available, many of them may not apply to your circumstances. If you truck is worth something, however, you will need to get collision coverage to replace or repair your truck in the event of an accident.

To maintain a low price for truck insurance, always try to have a good driving record. Traffic violations and accidents can greatly increase your premium. Insurance companies take these things very seriously and it is always best to try to avoid accidents, when you are at fault, and traffic tickets, such as speeding.

Never drive your truck without liability insurance. This insurance type can save you a lot of money as the insurance company pays the damages you caused to someone. Without this insurance type, you would be liable for all the costs. Choose the coverage that is right for you and your unique situation.

Look for state health insurance policies. While federal health programs exist for low-income families, some states are working towards adopting low-cost health insurance plans for middle-class families. Check with your state department of health, to find out if these low cost plans are offered in your area, as they can provide great comprehensive coverage for a minimal cost.

In order to get the very best price on your truck insurance policy, avoid making monthly payments on the policy. Instead request to divide your premium into two payments, six months apart. In this way, you will be able to avoid monthly processing fees assessed by numerous companies. Even if your insurer requires monthly installments, try to set up automatic payments in order to avoid any additional mailing or billing charges that may otherwise accrue.

You can save money by increasing your deductible in case of collision. This means you will pay less every month, but will pay a more important part of the repairs if you get into an accident. If this is a risk you are willing to take, put some money aside.

Do not bother insuring an older truck with collision coverage. Your insurance provider will only give you the book value on your truck. Chances are that an older vehicle might not be worth much, thus rendering the collision coverage pretty useless. Check the book value on the truck before continuing with collision coverage.

Don’t buy your teen a truck. Have he or she share another family truck. It will save you a lot of money to add them to your insurance policy. Student drivers who get high grades can sometimes qualify for truck insurance discounts.

If you severely damage your vehicle or total it, the insurance company will offer you an amount they think your vehicle is worth. If you don’t agree with the value they give you, get quotes from different truck dealers and prove the value of your truck, to make sure you are getting the right amount.

If you want to get the best deal on your truck insurance policy, work on your credit. Most states use your credit score to determine your premium, believing that individuals with a lower score are at a higher risk for accidents. Do everything you can to raise your score, and the cost of your insurance will drop as a result.

One way to reduce the amount of your truck insurance is to bundle it with your home insurance. This can save you up to fifteen percent on both policies. Check with your insurance company to see if they will bundle these policies for you.

Avoid getting into accidents. This seems obvious, but many drivers don’t realize how much their rates can increase after an accident. If you are in a minor accident, consider not placing an truck insurance claim if you’ll end up paying most of the repair with your deductible anyway. The cost of the repair might be considerably less than the loss of your good driver discount or similar.

When your kids start getting to the age that they want to drive, consider adding them to your own insurance policy. This is often cheaper than having them get their own policy. If you are worried about cost, set up a payment plan with your child so you are sure that you get the money back.

Remember that bad credit can hurt your truck insurance rates even if you are a good driver. If you have high truck insurance rates as a result of bad credit then feel free to get those rates reassessed quarterly as your credit improves. It is just one easy way to save money on truck insurance.

The tips you have just read above were written by real truck-owners who have used the same methods in order to save money and to find the best type of insurance out there. If you can apply these tips, you can save a bundle on your next package without having to sacrifice on coverage options.

Truck Insurance Policy Due For Renewal? Read These Tips First.

It is important to become educated about truck insurance. It is a key aspect of any driver’s life. Making bad decisions can cause you to waste a lot of time and money. Below you will find some very useful tips that will save you more hassles in the long run.

When obtaining insurance for a teenage driver, get the best deal by asking for a quote on both adding your son or daughter to your truck insurance account and on getting him or her their own truck insurance. Adding a driver to your account is generally cheaper, but sometimes a low credit score can make establishing a new account more cost effective.

You need to understand what kind of coverage you need for truck insurance. There are many different situations that come into play when determining the cost of insurance. The legal costs associated with things such as serious injury or death in an accident you cause are covered by bodily injury liability policies.

Knowing what coverage you have with truck insurance can help you to understand what exactly you’re paying for. Things like collision coverage can cover damages to your truck but only up to its book value. This kind of insurance carries a deductible. Your premium will be higher if you choose a low deductible.

To file an insurance claim correctly, you must be aware of your company’s rules. Contacting your agent as soon as possible should always be your first step as this will set the machinery into motion. Your agent will be the one coordinating the details such as scheduling any appraisers to evaluate the damage and put you on the road to getting the repairs made.

Even just a lapse of truck insurance for one day can end up costing you higher premiums. Going from one carrier to another or from one policy to another, you can easily create gaps in your coverage. If your policy provider notices gaps in coverage, they can raise your insurance rates.

What kind of vehicle you buy and drive determines a lot about the size of your insurance premiums. Insurance companies charge higher premiums for that high end luxury model you love so much. Go with something modest and safe if you really want to save the most money.

If you’re currently receiving a no-claims discount for an truck insurance company, it is important that you protect this. Only file a claim if it is absolutely necessary, because once you file a claim with your insurer, your rates could increase instantly by up to 75%. Filing claims should be saved for real accident and injury.

There are many aspects of truck insurance which most people are completely unaware of, like the Group Trucks scoring system. Check into this particular scoring system before you purchase a vehicle. You will find trucks and trucks rated from 1 to 20. Purchasing the lower-rated trucks on this list will allow you to save money.

If available in your state, request a copy of your driving history before shopping for truck insurance. Information can be inaccurate on it which may be causing your quotes to be higher. Make sure you know what is on your report and if you find discrepancies have them corrected as soon as possible.

Do not try to claim your truck is worth more than it really is. It’s tempting to think that in case of an accident you might end up with a check larger enough to go out and buy that luxury truck you’ve always wanted. It doesn’t work though because insurance companies only pay the fair market worth of your truck, not what you claimed it was worth.

If you are truck shopping be sure to check with your truck insurance agent about how the truck you are selecting will affect your premium. Different trucks will have different effects on your insurance costs, and it is often difficult to predict on your own what a certain truck will mean for your premiums.

Do not be afraid to do some comparison shopping for the best truck insurance policy. There are websites available that make the process of searching through the different companies quick, easy and efficient. You may be surprised by what another company can offer you in terms of cost.

To make sure you’re getting fair pricing in your premiums, verify that your reported information is accurate in your policy. For example, ensure that the make/model of your vehicle is correct, the number of miles on the vehicle when you took out the policy, etc. Even your reported commuting distance is important as shorter commuting distances can have a positive effect on your premium savings.

Before you call your insurance company to change your truck insurance policy, remember to check with your financier. Many auto loans come with certain insurance requirements. It is all too easy to overlook these requirements when you go bargain-hunting. If you do, an insurance claim may end up landing you in hot water with the financier holding the note on your truck.

Whenever possible, avoid filing and submitting minor claims to your vehicle insurance provider. Unfortunately, increased reliance upon insurance services directly translates to significant increases in monthly rates. Consider filing claims only if you are unable to cover the cost of repairs, and if failure to have repairs creates an unsafe driving condition.

Take advantage of every possible truck insurance discount. Some insurers list all of their discount possibilities on their websites, while other insurers are not so forthcoming. You may need to telephone your agent and ask them to list all the discount options for you. Research what other companies offer so you are prepared to ask questions. Can you get a discount for going to defensive driving school? How about accident forgiveness? Do you get a good driver discount? Ask about any discounts on deductibles for good driving history, and loyalty discounts for staying with the same insurer.

Insurance is vary important business, and learning more about it makes you a savvier consumer. Take your time and research well to avoid being taken advantage of by any truck insurance provider or company. Now that you know these great tips, you are wiser and headed down the path of success.