Can Speed Limiters Reduce Truck Insurance Cost?

According to a recent press release by Road Safe America, research undertaken by the FMCSA (Federal Motor Carrier Safety Administration) revealed that using speed limiters in trucks reduces the crash risk by 50%. That's a very significant figure indeed. As a fleet owner, you might be wondering if could have a favorable impact on your truck insurance costs. The answer is likely to be yes, however the benefits may not stop there.

Steve Owings from RSA suggested that companies using the speed limiters have learned that there are savings in fuel and vehicle maintenance when the devices are used. Owings also pointed out that other devices such as those that perform electronic logging may be advantageous too, by reducing the risk of having fatigued drivers on the road.

With fuel and maintenance being significant expenses for fleet owners, even a small saving of 10% on these costs could represent a significant annual saving. Add to that a potential reduction in truck accidents for your fleet and the potential savings both on insurance and out of pocket accident expenses and the speed limiter begin to look like a very worthwhile option.

So exactly how might speed limiters reduce your truck insurance expenses? The devices have the potential not only to reduce the number of crashes, but to reduce the level of cost for your insurer when an accident does occur - that's because less damage and injury tends to occur at lower speeds. Why not find out a little more about fitting out your fleet with speed limiters and/or electronic logging devices?

Speed limiters are one way to avoid accidents and save money on insurance premiums. Don't forget that keeping good drivers with no or few moving violations can help your premiums tremendously. Making sure they do their pre-trip vehicle inspections can also keep them from having accidents that could be prevented. It can also keep them from being cited while being inspected at the truck scales.

When it comes to buying insurance, price is one factor but make sure you do research into how your insurance company compares in the amount of time it takes them to settle a claim. Each day your truck is laid up while waiting to be repaired after an accident is costing you a lot of money. Make sure you choose a company that has satisfied customers that have good things to say about that company. A good independent insurance agent can help you get this information.

Happy Trucking!

Lisa Sherer is the President & CEO of Berrier Insurance Agency, Inc. located in Northern California. We have specialized in trucking insurance since 1981, serving California, Oregon, Nevada, Arizona, Washington & Utah. We're home of the Truck Insurance Divas!

Please contact me at (888) 472-4915, email me at lisa@berrierinsurance.com or visit us online at http://www.BerrierInsurance.com or http://TruckInsuranceCA.com. We're always available to answer your insurance questions!

Cheap Commercial Truck Insurance

Just because your saving money to get cheap commercial truck insurance That does not mean your sacrificing quality of your truck insurance. Almost all well know car insurance companies offer high quality commercial truck insurance. Most offer discounts just from shopping online. So, my point is check with all companies because you never know where you might save money and get cheap commercial truck insurance.

Commercial truck insurance offers protection for commercial truck against damages in an accident. Commercial trucks are trucks used by companies to carry cargo. If your truck encounters an accident, the insurance company will pay for the damage costs. It ensures that the cargoes are delivered to the destination punctually. It protects the company from losses by compensating the costs of the cargoes. In addition, it offers compensation for physical injuries and truck repair costs. It will also compensate the loss of revenue due to customer's rejection of the delivery.

Before getting commercial truck insurance, you need to examine the needs of your business You should ask yourself whether the truck is used to deliver cargoes to terminals and warehouse. In addition, you must ask whether the drivers will load and unload the cargo. You should also determine whether you or the drivers own the truck. If you decide to cover the medical expenses of the truck drivers, make sure the truck insurance covers it. There are many companies offering commercial truck insurance to companies. There are many types of insurance for business trucks including flat beds, and refrigerated truck insurance. When shopping around, make sure you check their reputations. The insurer must have many years of experiences in the industry. It must have a stable financial. You can call the BBB and ask about the insurance company. If it has a lot of customer complaints, you should sign up with another insurance company.

Every state requires the truck drivers to carry liability insurance. There is a minimum requirement that truck drivers have to meet. To find out the minimum liability requirements, you have to ask your insurance agent or refer to the department of motor vehicles website. The American Trucking Associations lists a number of trustworthy insurance companies that offer truck insurance. The premium cost of the truck insurance is determined by the age of the drivers, driving experience of the drivers, numbers of years the company has been operating, usage of the truck, deductibles, and etc. Besides, the insurance company will also consider the DOT safety record and the truck safety program implements by the truck company. You can call the insurance company if you are not sure what is taken into account when calculating the cost of the premium. You can encourage your drivers to improve their driving abilities by letting them participate in a truck driving training school. Participating in the truck driving training school will help you to cut down the cost of the premium.

Increasing the deductible can also lower the premium cost. The higher the deductible you are willing to pay, the higher the discount will be rewarded to your premium. Installing safety features in the truck can reduce the risk of your truck to accidental damages.

Customers that are interested in purchasing commercial truck insurance should compare the rates between different insurers so that you can save money. After conducting a research, you will have found some insurers that meet your requirements. You can get quotes from insurers listed in the narrowed list. The insurance search engine is often used to compare the quotes between different insurance companies.

Find out a brief commercial car insurance guide. Compare quotes for autos and trucks to find cheap car insurance.

Cheap Truck Insurance

It may not be is hard as you may think to get Cheap Truck Insurance so look around and get a few quotes. You have nothing to loose and everything to gain so start saving money now!
Even though truck insurance cost more that car insurance you can still get a better deal than the one you have. Today with this very bad economy insurance companies are hurting for business as well so are making really great deals to get your business. There are a few things you can do to get cheap truck insurance.

Here are a few tips that can help get you Cheap Truck Insurance

1. Good driving record: If you have a good driving record and that means no speeding tickets or accidents over the past 5 years then you may get a discount.

2. Senior discounts: Senior citizens are eligible for a discount.

3. Combine policies: If you can combine all of your autos onto one policy and if you can add your home insurance with the same company this will also give you a discount.

4. Deductibles: If you have a $100 deductible that means your not getting a discount. If you raise your deductible to $500 you can save up to 10% and if you can afford $1,000 deductible that can save you up to 25%. If you can't afford that now you can soon and here's how. First thing you do is open a bank savings account and start making monthly payments to yourself until you get to the deductible limit. The next thing you do is leave it alone and never touch it until needed. Over time the interest will grow and you will have an emergency fund for those rainy days.

You have nothing to loose and everything to gain so get your Cheap Truck Insurance and start saving money!