Commercial truck insurance
When purchasing commercial truck insurance, it is essential to consider the driver’s information, as a poor driving record can significantly increase your insurance costs. To help you optimize your quoting process, we share some key recommendations below.
How does a driver’s record affect insurance costs?
Have you ever wondered what makes you a good candidate for your transportation company to obtain insurance at a competitive price? The driving history of the drivers you hire (or your own, if you are the driver) directly impacts the cost of your insurance. Below, we explain the main factors that can affect your policy price.
Motor vehicle record (MVR) status
One of the most important requirements is the motor vehicle record (MVR)—a document that compiles a driver’s complete driving history, including violations, fines, and accidents. This document evaluates factors such as:
- License issuance and expiration date.
- Number of violations committed.
- Record of accidents and their severity.
A driver with numerous infractions may have difficulty obtaining a competitive policy and may even be denied by the insurer. On the other hand, a clean record and more than two years of experience are key factors in receiving better quotes.
Industry experience
A driver’s experience level is a crucial factor. In general, insurers prefer drivers with at least two years of experience, as this indicates a solid understanding of regulations and safe driving practices.
Driver’s age
Age also plays a role in securing insurance. Generally, the most accepted age range by insurers is 30 to 50 years old. If the driver falls outside this range, an updated medical certification (Medicaid Form) may be required to demonstrate that they are fit to operate a commercial vehicle safely.
Driver selection process
Each transportation company has its own selection process, but some standard requirements can help secure better insurance rates, such as:
- Submitting a clean MVR.
- Medical exams to verify the driver’s health status and absence of drug use.
Key recommendations for getting the best quote
To secure the best price on commercial truck insurance, it is essential to follow these guidelines:
- Maintain a clean driving record. Avoid distractions while driving, such as using a cell phone, eating, or handling electronic devices.
- Keep all truck and driver documentation up to date.
- Work with insurers specialized in commercial transportation, such as Protecto Solutions, where our team of experts will assist you in securing the best coverage at the best price.
If you need assistance with your commercial truck insurance policy, Protecto Solutions is here to help. Contact us today!