Sunday, September 23, 2012

The Three Issues that Can Cause Your Big Rig Insurance to Soar



Big rigs can have big costs associated with them. By sheer virtue of the size of commercial trucks, and the damage they can inflict during a crash, an insurance policy can carry a hefty price tag. Although maintaining coverage on your vehicle can be costly, not having insurance or not carrying adequate insurance, poses a bigger financial burden.

As an owner/operator, it pays to drive smart and research ways to keep your premium at a minimum. While you’re on the lookout for discounts, keep in mind the following three issues that can drive up your insurance rates:

High-tailing it down the highway. Research shows that speeding is one of the most common causes of truck accidents. Pushing the pedal to the metal is dangerous in a normal sized car, but speeding in a vehicle that exceeds 50,000 pounds can have deadly results. As an owner/operator, you’re aware that your commercial truck takes a longer time to brake, and if you lose control while you’re flooring it, you can damage not only other vehicles and property, but other drivers.

Falling asleep at the wheel. Driver fatigue is a real issue that affects many truckers. Because drivers earn their livelihood on the road and make more money the more routes they take, they compromise their safety (and the well-being of others) when they get sleepy on the job. Experts say that driving while exhausted can be just as dangerous as being drunk at the wheel.

Wandering eyes. As an owner/operator, you understand that although you get to see the beautiful countryside during your routes, driving a big rig is a lonely life. It’s easy for your mind (and your eyes) to wander as you search for ways to break the monotony that comes from hours and hours behind the wheel. Chatting on CB radios, sneaking a peak at your mini-TV and talking on cell phones can easily distract you and cause an accident.

One misstep on the road can sink you financially, or at the very least earn you a ticket for a traffic violation. Driving the speed limit, getting plenty of rest and keeping your mind sharp while behind the wheel can help keep your insurance premiums low.

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