Operating a commercial trucking fleet can be a profitable business. But, like any business, you want to make sure to protect your investment with insurance. You should be covered if one of your fleet gets in an accident or other mishap.
When it comes to commercial truck insurance in Peoria AZ, there are several things you can do to keep your insurance premiums down.
1. Increase Your Deductible
Believe it or not, you can lower your premiums by raising your deductibles. However, you should make sure the deductible you choose is one that you can afford to pay if something happens. Your commercial truck insurance agent can review your policy to suggest the best options for you.
2. Hire Drivers with Clean Driving Records
Just like personal vehicle insurance, where your premiums increase with traffic infractions or accidents, with commercial truck insurance, the driving records of your crew can affect your premium costs. When hiring drivers, try to find those that have less than two minor driving violations within three years.
3. Hire Drivers With Experience
You can also lower your premiums by ensuring your drivers have at least two years of experience as a Commercial Drivers License (CDL) operator. Experienced drivers are more knowledgeable on dealing with traffic hazards such as bad weather or challenging routes.
4. Map Your Trucking Routes
Where your trucks are driving can also affect your insurance premiums. For example, your premiums will be higher if your trucks are operating in high population cities or areas predisposed to lousy weather.
5. Use Newer Trucks
Make sure your trucks aren’t older than ten years. Your insurance premiums are impacted by the age, condition and value of the trucks. Ensuring your vehicles get regular maintenance and upgrades on the latest equipment can also help lower your premiums.