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.
tow truck
Tow trucks can be the rescue vehicles of the road. They’re flexible enough to do tough jobs such as repo, recovery, and removal quickly and efficiently. As a driver, you can have a broad range of training for any type of situation, or you could specialize in driving for specific towing jobs in the industry. If you’re a tow truck business owner, it’s up to you to know all sorts of regulations, train everyone properly, have trust in your driver’s split-second decisions, and get the right insurance to protect you, them, and your company as a whole. From flatbed and hook & chain tow trucks to wreckers, wheel lifts, and heavy-duty trucks, there are tons of ways for a tow truck driver to hit the road. So, there are just as many ways to cover your business with tow trucking insurance.
Here we’ll go into detail about the tow trucking world. Find articles on tow truck news, costs, business start-up and business efficiency tips, helpful hiring hints, and how to save money on your insurance.
How much does tow truck insurance cost?
If you own a tow truck or a towing business, you may have noticed that your tow truck insurance rates are on the rise. Wrecker and tow truck businesses come with a significant amount of risk, which is why the insurance rates can be so high. Anyways, with the way things have been going, you might be a bit concerned about the cost of tow truck insurance.