3 Strategies To Help Lower The Cost Of Your Commercial Truck Insurance

Robin Wells

The need to purchase commercial truck insurance can represent a significant cost for many business owners. While it may not be possible to remove this cost from your business's budget altogether, it is possible to help minimize it by taking just a few simple steps. Read on to learn more about these money-saving strategies.

Continually Check Employee Driving Records

Most employers check employee driving records before hiring them for a position that requires driving as part of their job duties. However, far too many employers fail to check these records on an ongoing basis. This can be a serious problem since changes to your employee's driving records over the course of time can have a huge impact on how much you pay for your commercial truck insurance. In order to ensure that you are not paying more as a result of driving infractions in your employees' personal lives, it is important to continually check these records. If you do find that an employee no longer has a clean driving record, you may wish to require that employee to take measures to reduce the number of points on their license or risk losing their job.

Require All Employees To Participate In Safe Driver Training

When it comes to keeping insurance costs to a minimum, reducing your overall risk of filing a claim is the name of the game. The safer the insurance company determines your business is, the lower your premiums are going to be. One way in which you are able to actively demonstrate your commitment to safe driving is to require all employees to take part in safe driver training on an annual basis. Supplying the insurance company with proof that all of your active drivers have completed this course can result in a rather significant discount on your commercial truck insurance. 

Reevaluate Delivery Routes

Another way in which you can help to lower your risk of filing a claim is to take the time to reevaluate your delivery routes. When evaluating these routes you will be looking to make changes that:

  • can reduce the number of miles driven each day
  • reduce your overall time on the road
  • eliminate or reduce your need to be on the road during rush hour or late night hours

Since making these changes will reduce the chances that one of your trucks will be involved in an accident, these changes will often result in a significant reduction of your insurance costs as well.