How to choose insurance for dump trucks

If you use a dump truck to haul sand, dirt, asphalt, gravel or rock, then you need specialized dump truck insurance. Dump trucks are classified as heavy-duty commercial vehicles. They include transfer dump trucks, tandem dump trucks, and side dump trucks.

Dump trucks are typically constructed to be used on construction sites or off-road at stone quarries and similar sites. Because of their use in roadwork zones and construction sites, dump trucks are more likely than other commercial trucks to be involved in over-turn and back-up accidents. Because of this fact, dump trucks can be costly to insure. If you are looking for cheap dump truck insurance, you have come to the right place. Here is a guide to finding affordable insurance for dump trucks.

Should I just choose the cheapest insurance for dump trucks?

Not all dump truck insurance policies are created equal. Simply choosing the least expensive policy might not provide you with the coverage you need. It is important to maintain adequate physical damage coverage for your dump truck, as it is expensive to replace a dump truck that is totaled. Also, because of the risk of injury and property damage from a dump truck accident, you want to make sure you maintain adequate liability limits. When choosing a dump truck policy, look for the following coverages:

  • Auto liability insurance – Dump truck auto liability insurance will pay for damages to third-party people or property in an at-fault accident. Liability insurance is required by law in most states. The limits will vary depending on where you are located. Check with an insurance representative to find out what the liability requirements are in your state.

  • Physical damage coveragePhysical damage insurance includes two parts: comprehensive and collision. Comprehensive insurance pays for things that are not caused by a collision – for example, fire, theft, vandalism, falling objects (like trees), and animal strikes. Collision covers your dump truck if you are involved in a collision with another vehicle or object. It will pay to repair or replace your truck.
  • Loan gap insurance – If you are financing your dump truck, then you might want to consider loan gap insurance. This insurance can help you pay off your loan in entirety if your dump truck is totaled in an accident.
  • Medical payments insurance – Medical payments insurance will pay for ambulance charges, doctor’s bills, and other medical-related expenses for you and your passengers in an accident regardless of who is at fault.
  • Truck rental reimbursement – This coverage pays for a rental truck if your dump truck is damaged in an accident. This insurance is important as it helps to minimize your downtime.

Again, it’s important to make sure that your dump truck insurance policy includes the coverages you need to protect your business. The cheapest truck insurance policy might not have all of the coverages you need to protect your business, but there are still ways you can manage rates for insurance for dump trucks.

So, once you know what insurance coverages you need, you can then compare quotes. Contact us to compare multiple quotes from the nation’s leading insurance providers. Our representatives can help you find a policy that meets the needs of your business and is affordable as well. To get started with quotes, fill out our online form or give us a call today.