Advantages of Trucking Insurance Agency in Columbus Ohio

The first thing to know when insuring a truck is the vehicle's capacity (the latter affects more than the vehicle's displacement). The term capacity means the maximum load that can be transported by the vehicle within limits set by the registration certificate.

Lorry insurance for private use

Another thing to know is if the truck is registered in the name of a private individual or if it is a company asset. The discounts of the rates applied to the policies for a physical person are greater than for a legal person. As in the case, the concessions provided by the Law also apply in the case of truck insurance for private use.

The number of vehicles to insure must also be considered, especially if the truck is a company truck. The greater the number of vehicles, the greater the discount the insurance companies make. Trucking Insurance agency in Columbus Ohio has ancillary policies to cover, for example, natural or atmospheric events, driver injuries, and road accidents.

Temporary truck insurance

Precisely due to the type of vehicle, the truck is used only in some months of the year, so it is good to consider, in addition to the standard insurance (lasting 12 months), temporary insurance that can only be activated in a certain period or consumption.

How to save on truck insurance?

The first step to saving on truck insurance is to introduce a deductible on the policy: from 5000 or 10,000 Rs. This little trick generates two significant advantages:

·         lowers the annual premium;

·         In case of accidents, avoid the infamous malus.

Maximum capacity

The premium for the truck policy is defined based on the maximum capacity of the vehicle you intend to insure. This means that the lower the scope, the lower the insurance cost. That's why you should evaluate your needs before buying a commercial vehicle. This way, you will avoid paying for something you don't fully exploit.

Vehicle age and power

Trucking Insurance agency in Columbus Ohio has been used to consider both the power and the age of the vehicle. If you talk about trucks, however, the situation changes. The truck policy beautifully ignores the two parameters just mentioned. For example, insurance for a brand new 50 quintal truck will cost the same price as the truck thirty years older. You can buy an older, more powerful commercial vehicle without worrying about raising the annual premium.

Matriculation

Not all trucks perform the same function, so you have to specify their use when registering. The advantage is substantial: a special purpose truck sees its annual premium drop from 20 to 40%. Of course, these percentages must be taken with a grain of salt since each company has its commercial offer.