How to Buy Truck Insurance

Fran
Lucy Lazarony
June 4, 2020

Just you and your truck and the open road. If this kind of lifestyle appeals to you, you may drive an 18-wheeler for work or maybe you just like to take off on weekends in your pickup truck. Whatever truck you drive, you will need the right insurance. Here’s a look at your choices and options.

Let’s start with the big rig, 18-wheelers. You'll likely need a commercial policy for these. If you are a for-hire truck operator you will need to purchase primary liability insurance at minimum. Choosing a policy with liability coverage and comprehensive and collision coverage is the way to go. But you may want to consider some other additional coverage.s With all your time on the road around other drivers you may wish to purchase uninsured motorist insurance. Medical payments are another important choice, you’ll need that coverage if there is an accident with your truck. Fire and theft offers additional protection for your truck and depending on your cargo you may wish to sign up for motor truck cargo insurance.

Commercial Truck Insurance Coverages

Liability coverage is a mandatory insurance coverage for a big rig truck. This coverage pays for damage that you cause other people. Liability coverage includes bodily injury insurance or property damage.

Physical damage coverage for your big rig is an optional coverage. This coverage pays for repairs to your truck if it’s damaged in an accident. Collision, comprehensive and fire and theft coverage all fall under this optional insurance category.

Medical payments is another important insurance coverage. This coverage can pay medical bills for you and any passengers riding in your truck if they are hurt in an accident or other truck-related injury.

Uninsured motorist insurance pays for damages and injuries to you and your passengers in the truck that are caused by drivers who don’t have insurance or don’t have enough insurance to cover your damages and injuries.

Motor truck cargo Insurance pays for damages to a truck’s cargo.

Fire and theft insurance is a limited comprehensive insurance created for some heavy trucks.

Want to Become a Truck Driver?

Interested in a career in trucking or want to start a transportation company or one that relies on truckers? In order to drive a commercial truck for your job you first need a commercial license. Any person driving a commercial motor vehicle must have a commercial driver’s license (CDL). Every state has its own minimum standards for commercial drivers. And there are Federal CDL requirements that apply to all states.

So do your homework, pass the tests, get approved for this very important license and rev up a career in trucking.

Insuring a Pickup Truck

To drive a pickup truck, all you need is a regular driver’s license. You can also buy standard auto insurance, but insurance won’t cost the same as it would for a sedan. Prepare yourself for a hard fact of life. Insurance companies charge more to insure pickup trucks than they do with traditional autos. There are a number of reasons for this.

A pickup truck is often more expensive than a car and if the pickup truck gets damaged in an accident and has to be repaired, it costs more to be replaced. And the fancier and more decked out a pickup truck is the more you’ll pay for insurance.

A pickup truck can cause more serious property damage because of its size and weight.

Pickup truck owners who like to go off-roading may cause damage to the pickup truck and the insurance company has to pay for the damage.

Pickup trucks are more difficult to maneuver and they may be hit by objects in low clearings and even parking lots.

But not every pickup truck is expensive to insure. Smaller, basic models of pickup trucks with low sticker prices would have lower insurance premiums. So much depends on the model of pickup that you choose. A cost-effective truck leads to a cost-effective insurance policy.

But there are a number of factors that go into the price of an insurance premium. These include the cost to replace and repair a pickup’s parts, your claims history, the location of the garage and the value of the pickup truck, its age and model.

And there are other more unusual factors that contribute to your insurance premium.

Your age, gender, where you live, and even your credit score all play a role in the pickup truck insurance premium that you pay.

And of course your coverage choices are a huge factor when it comes to pickup truck insurance. While liability coverage is the only mandatory coverage, you may wish to buy comprehensive and collision coverage as well. These optional coverages will give you much needed protection when an accident occurs.

Comprehensive insurance is insurance coverage that helps pay to replace or repair your pickup truck if it’s stolen or damaged in any incident that’s not a collision.

Collision coverage is insurance coverage that helps pay for the cost of repairing or replacing your pickup truck up to the actual cash value if your truck collides with another vehicle, the ground, or an object in or on the ground such as a guardrail.

Choose your coverage wisely. You want the protection you are looking for in a pickup truck at a great price.

To get the price you are looking for you will need to shop around. And SmartFinancial makes it easy to do. Just enter the type of insurance you are looking for and a zip code to get started. Answer a few quick questions and you’ll be comparing insurance rates for your pickup truck in no time.

Another way to keep your insurance premiums low is to be a good and safe driver, no speeding tickets, no moving violations, just a good clean driving record.

So obey the rules of the road when you take your truck out and you’ll save money on your truck insurance.

Get a Free Commercial Insurance Quote.

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