Do you specialize in transporting refrigerated cargo like milk, vegetables or fruit? Are you looking for ways to save on your refrigerated truck or reefer insurance? If so, then you have come to the right place.
Reefer insurance can be higher than other types of truck insurance because of the risks involved in transporting refrigerated goods. If your reefer truck breaks down, not only do you have to worry about how you will get back on the road but you have to worry about cargo spoilage. Plus, there is always the risk of accidents, natural disasters, and vandalism. The good news is that the right reefer insurance can protect you against all of these things.
Should I Just Choose The Cheapest Reefer Insurance?
It is not a good idea to just select the cheapest reefer insurance. Different insurance companies provide different types of reefer insurance. Not all insurance plans are created equal. Choose the cheapest insurance and your reefer truck and/or cargo may not be adequately protected.
It is not uncommon for insurance policies to exclude different commodities like seafood or pharmaceuticals. So, you could be left owing thousands of dollars if your claim is denied because of an exclusion. When comparing reefer insurance policies, make sure you carefully check out all exclusions. Also, check to see if the policy includes the following types of reefer truck insurance coverages:
- Auto Liability – This coverage is a must. To be in compliance with state laws, you must carry auto liability insurance. It pays for damage to others’ property in the event of an at-fault accident. Liability also pays medical claims and protects you in the case of a lawsuit.
- Reefer breakdown – Reefer breakdown will provide protection in the event that your reefer truck breaks down. It protects against cargo loss.
- Comprehensive and collision – This insurance (a.k.a. physical damage insurance) will pay for damages to your truck in an at-fault accident. It also covers damage due to natural disasters, terrorism, fire, vandalism, and theft.
- Medical payments – This insurance will pay for you or your drivers’ medical bills regardless of who is at fault.
- Underinsured or uninsured motorists coverage – What happens if you are hit by an uninsured motorist? If you don’t have this coverage, you might not be able to recover any money if your truck is totaled and the person doesn’t have insurance.
- Loading and unloading – If you damage your cargo during the loading or unloading process, this coverage can pay out.
Ways To Save On Reefer Insurance
#1 Drive Safely
Having a good driving record — or hiring safe drivers if you are a fleet owner — is one of the best ways to save on reefer insurance. Insurance companies use your driving record as one of the factors that determines how much you will pay for reefer insurance.
#2 Compare Rates
Shopping around can save you a significant amount of money on reefer insurance. It can be a hassle to call various insurance companies to compare rates. Thankfully, there is an easier way. Simply fill out this form to get customized insurance quotes from multiple companies and our team of truck insurance experts will be happy to help.
#3 Pay Upfront
You can usually pay for reefer insurance in monthly payments. However, you may end up paying more this way. To get the lowest rates, pay your entire policy upfront. Paying in advance also prevents late fees, which can certainly add up.
Get the best deal on your reefer insurance by comparing coverage. Let us do the legwork by comparing rates for you. Please fill out our convenient online form or give us a call to get multiple reefer truck insurance quotes.