Reader’s Question:

Why am I paying such high rates for my truck insurance? Can I get truck insurance quotes online?

Kate

Chicago, IL

Trucks are more expensive to insure because of various reasons. Firstly, trucks are very expensive vehicles and as such will also be very costly to repair. Secondly, trucks are very bulky and heavy vehicles. Because of this, the damage they can cause is potentially greater especially in two-vehicle crashes. Thirdly, truck drivers share this notorious reputation (together with drunk drivers) as being irresponsible and careless motorists. And because of that, insurance carriers perceive truck drivers with much suspicion, hence the more expensive truck insurance premiums. That is why when hiring drivers, make sure to employ only those who have a relatively cleaner driving record. And fourth, trucks, next to fancy sports cars, are the favorite targets of thieves. And high rates are charged for truck insurance as a measure of anticipating this possibility. While it is a bit difficult to look for cheap truck insurance, getting truck insurance quotes at least helps you figure out how much the going rates really are. It would also be very advisable to deal with a seasoned insurance broker who has a broad experience in this type of industry. This way, he gets to look and negotiate for the best rates for your truck insurance.