For a fleet of 10 trucks, this is a major savings of around $20,000 annually. Trucking company owners should obtain offers from at least 3 other agents when it comes time for policy renewal.
Be careful not to be drawn into a personal connection with your existing agent — he/she is there to give you the best possible service and price on the market. This tactic has saved my company around $200 monthly per truck.
The downside is that you cannot use this tactic immediately; you can be prepared for when the opportunity arises and ultimately save your company a significant amount of money on insurance.
Upholding an optimal safety record is one of the most crucial actions a company can take to have a best truck insurance price. Usually companies fail at monitoring their safety record because of a lack of focus. There are many factors you need to keep in mind when running a company in order to maintain 100% control.
Usually an intense workload and everyday situations in a company cause fleet managers or trucking company owners to overlook certain situations, such as a driver getting a speeding ticket or an hours of service (HOS) violation.
