What factors influence the cost of tractor-trailer insurance?

Many factors affect the cost of tractor-trailer insurance.

Truck insurance rates are not the same across the board. Every business is different, so every business is going to pay a different price for their tractor-trailer insurance. There are a lot of factors that influence the cost of semi-truck insurance – insurance carriers look at a lot of details about a business before they will give them a quote. We’ll explain some of the factors that affect the cost of tractor-trailer insurance.

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What is a BASIC in trucking and why do the BASICs matter?

Your BASIC percentiles can determine if you'll be subject to FMCSA intervention.

There are a lot of regulations that trucking businesses need to be aware of and follow. The FMCSA (Federal Motor Carrier Safety Administration) is the agency charged with overseeing CMVs and regulating trucks. The FMCSA has the power to intervene with truck businesses in the form of written letters of warning or investigations. But how does the FMCSA decide who to investigate? There are a lot of businesses out there – why would they single out your business?

The FMCSA uses BASIC (Behavior Analysis and Safety Improvement Category) percentiles to prioritize which truck businesses to investigate. What’s a BASIC percentile? Great question. We’ll explain what BASICs are, where they come from, and what could cause your business to get poor percentile scores on your BASICs.

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What kind of insurance do I need for a flatbed truck?

Flatbed truck insurance rates can vary greatly.

So, you’ve got a flatbed truck…or two. You’re all set to run your business, but now you’ve got a question: what kind of insurance do you need for a flatbed truck? There are a lot of coverages out there for trucks, so which ones should you get for your business? We’ll go over some of the coverages you may want to consider for your flatbed trucks.

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Don’t make these mistakes when getting flatbed insurance

flatbed insurance

Truck insurance can get a tiny bit complicated. Okay, maybe more than “a tiny bit.” There are a lot of different coverages you can consider for your flatbed trucks and a lot of details about your business to take into account. To help you out with the truck-insurance-buying process, we’ve got eight common mistakes to avoid when getting flatbed insurance.

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What tow truck insurance coverages do I need to tow cars?

It's important to have the right towing insurance for your tow truck.

If you’re in the towing industry, you’re going to need specific towing insurance to protect your vehicles. Insuring a tow truck isn’t quite the same as insuring a car or a semi-truck. There are some important coverages that will protect you from the risks that come along with towing. Yes, getting insurance for a tow truck might seem tricky, but we’ll break down six common coverages for tow trucks and wreckers.

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Why are tow truck insurance rates going up?

Tow truck insurance rates

If you run a towing business, you may have noticed a trend that doesn’t exactly make you happy – tow truck insurance rates have been going up. Your bills are probably higher than you would like. You might be seething about your rates, but it’s important to understand that the trend of increasing tow truck insurance rates isn’t just an arbitrary thing. It’s not just because insurance companies are out to get towing businesses. The truth of the matter is that towing is a dangerous business and that commercial auto insurance rates across the board are rising. We’ll explain why this has been happening and how you can counter this trend.

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Truckers and texting and driving: The consequences of distracted driving

Texting and driving is highly dangerous and can really hurt your truck insurance rates.

A topic that has gotten a lot of attention from the trucking community and the population at large is distracted driving. There are dire warnings about texting and driving – you’ve probably seen some billboards or a TV commercial imploring people to put their phones down and drive. There’s a good reason for this. According to the NHTSA (National Highway Traffic Safety Administration), there were over 3,400 deaths caused by texting and driving in 2015. 390,000 more were injured in distracted driving accidents. Add to that a statistic from the CDC – 9 people are killed and 1,000 are injured every day in distracted driving accidents – and it’s enough to make you pause.

The point is this: distracted driving is dangerous. The statistics prove that. As a trucker, you spend hours upon hours on the roads. The highway is your workplace. And the thing is, driving requires your full attention to be on the road. If the statistics weren’t enough to convince you, let’s take a look at some more reasons that distracted driving is so dangerous, especially as a truck driver.

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