In these days of uncertain fuel costs, it's tempting to reduce costs by shopping for cheaper trucking insurance. However, the real value of any type of vehicle policy comes when it is time to make a claim. While everybody wants to enjoy reasonable premiums, it's important to understand why one insurer may be cheaper than another. Consider these tips to find affordable coverage that provides you with good value.
Why Not Just Shop for Cheap Trucking Insurance Premiums?
While some insurance providers may be in a better to position to offer certain deals than others, they are all using very similar underwriting guidelines to determine premiums. Of course, it's important to compare a variety of trucking insurance quotes before making a decision. Some insurers may offer better discounts or rates in a certain part of the country. However, it's important to realize that premiums that seem a lot cheaper than their competitor's quotes could be a red flag that some important coverage options are missing or limited.
In addition, some insurers attract new customers by offering very cheap premiums. However, many of these same insurers are very adept at finding reasons to increase these introductory rates at renewal time. Most truckers may prefer to find a stable insurer that they can stick with. While it's a good idea to compare quotes at renewal time, it’s simpler to not have to switch insurers for every renewal.
How to Find the Best Commercial Trucking Policy at the Right Price
You might work with an experienced trucking insurance agent to compare policies, especially from insurers that seem a lot more affordable than the rest. If you really need to save money, you might take advantage of a great promotional offer and just expect to gather quotes from your agent again when you need to renew coverage if the insurer raises the price.
Other things to consider are a company's history of servicing claims promptly, billing practices and attention to all aspects of customer service. In some cases, paying a few more dollars a month for good trucking coverage can save a lot of time and money when you need a question answered or have to make a claim. At the same time, you can save money by comparing trucking insurance policies between top-rated insurance providers.
Get a quote today. Call Budget Insurance Agency at (478) 788-9188 for more information on Augusta commercial truck insurance.