11 Steps To Reduce Truck Insurance Cost

11 Exclusive Steps To Reduce Truck Insurance Cost

Insurance companies don’t want or even don’t like to work with problematic trucking companies. And in order to make you look serious you need to behave and make an impression that you are that kind of trucking company owner and that you are running serious business that is looking to stay in business for 50 years.

4. Watch Your Safety Rating

Up to this part everything was easy and doable. Actually it was kind of piece of cake for you. Now it get’s tougher because up to now the only important skill was to talk and to say what you need and want.

11 Steps To Reduce Truck Insurance Cost 2

Now it gets more tricky because not only you can say things – you need to show and prove that you are right and that all those things you said are correct. Watching and having a safety rating is the #1 thing almost every insurance company is looking after.

And you need to demonstrate it by simply showing your safety rating. It is all about numbers there is no place for personal remarks – the numbers will say are you good with this or not. Have this in mind so if the present situation is not so beautiful and your safety rating is not perfect there is still time to improve and generate better results by the next year.

5. Hire Drivers With More Driving Experience

Now days when finding a truck driver is always an issue finding a good one is even bigger challenge. If you are capable to beat those challenges meaning that you probably have an amazing recruiter in your company or that you have some good connections in drive recruiting agency.

11 Steps To Reduce Truck Insurance Cost 3Source: www.gobytrucknews.com

But even that may happen to be that it is not enough. Sometimes you need to take one step more to get the not the good drivers but the best ones. Establish some transfer fees, pay them vacations – just come up with some solutions that make them happy and willing to come and drive at your company. Because if you can’t find drivers that have these type of qualities it will be very hard for you to lower the truck insurance cost:

  • Try to hire truck drivers that are at least in their 40’s and up
  • Try to hire truck drivers that have at least 15 years of experience
  • Hire drivers that didn’t switch companies too often

6. Maintain Your Trucks

Not because you like to, because you need to. After all trucks are along with drivers bringing cash to the company – but because as you know safety rating is affected by inspections and audits performed on the road.

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