Luckily, truck insurance is one of the most basic types of auto coverage you can have. Most states require at least liability coverage, which covers situations where someone else’s negligence caused damage to or injuries to you or your property.
In addition to this, many states also require you to be protected by an additional type of vehicle insurance called under insured motorist (UIM) coverage. This protects you in case you are injured by another driver who does not have enough money to pay for their own losses, including medical bills and lost wages.
Fortunately, there are some great companies out there that help promote safety while providing quality UIM coverage. One company that has earned a reputation for offering high-quality products is State Farm.
This article will discuss why they are a good choice, as well as some important things to consider when choosing between private policyholders and group policy holders.
Compile a list of best truck insurance companies
As mentioned earlier, shopping for car insurance or personal liability insurance does not work in the same way when you have a vehicle that is considered a big deal.
Because trucks are larger than average cars, they require more coverage to be an effective safety net in case of accident.
Trucks also cost more to manufacture, so manufacturers’ warranties often include limited coverage. This means even if your warranty isn’t voided, you won’t get the full benefits of what a new truck should provide.
So how do you find good truck insurance? Just like any other type of policy, you need to compare multiple policies to make sure you’re getting the most affordable ones while still receiving quality service.
Consider your insurance cover
Although it is not obligatory, most truck owners consider comprehensive coverage to be very important. This covers damage or loss from things such as vandalism, theft, collision with other vehicles, and poor road conditions.
These types of coverage are typically extra expenses that you have to pay up front, but they can save you large sums of money in the long run! By being sure of all the parts of your vehicle, you will know what is covered which helps prevent potential financial disasters.
You do not need this type of coverage unless you think you will probably make a claim. It is always best to have enough coverage to meet any obligations you may face.
Review your policy
Even with adequate liability coverage, you can still be hit hard if you are in an accident that is caused by poor vehicle safety equipment or bad car mechanics.
Truck insurance policies contain additional protections that apply only to trucks. These include towing and roadside assistance benefits, as well as more comprehensive uninsured motorist (UM) protection.
Likewise, riders such as “hazardous materials” or “commercial auto” add onto the liability coverage of your personal policy. Check out all these additions so you know what they cover before buying!
By having both personal and truck policy covers, your financial needs are better met when accidents happen.
Consider your budget
While luxury cars are attractive, they are expensive to maintain and operate. If you need a large vehicle for business purposes or to depend on heavily for transportation, pay attention to how much insurance you have coverage for and if it is affordable.
If you are buying or leasing a new truck, look into its limitations on mileage. Many companies will not allow more than $10,000 per year because it can be costly to insure. This could very well be a deal breaker for some vehicles.
Also, make sure to compare auto insurance rates from various sources. Some brands that seem expensive may not offer as comprehensive a policy as others do. You should also consider getting group insurance through your employer.
Obtain insurance coverage limits
While some states require only liability coverage, most require both liability and uninsured motorist (UM) coverage. Even more stringent are those that require you to have collision coverage as well!
Most policies these days also offer what is called “personal injury protection” (PIP) or sometimes referred to as “medical pay”. PIP covers things like ambulance bills, hospital room and board expenses, and even medical transportation fees.
This type of coverage is very important to know about since it protects you if someone else’s negligence causes you injuries. Unfortunately, not everyone living in a car town has this kind of coverage. It is your responsibility to make sure you do!
Since we can’t be with you every minute of every day, here at The Schafer Law Firm, we recommend getting personal vehicle insurance.
Know your rights as a driver
The next thing to do is determine what your legal rights are as an inexperienced truck driver in California. Most states have some kind of statute or regulation that protects you as a motorist when another vehicle does not behave properly.
These protections typically go by something like “Good samaritan laws” or “Motorists must use reasonable care before pulling away from a crash.”
Trucks, just like any other vehicle, can be difficult to pull aside if there is no room to maneuver, so most jurisdictions add an extra layer of protection for drivers who try to help after a collision.
This additional coverage applies even more rigorously to large trucks with significant cargo. Almost every state has a Good Samaritan law which gives immunity to people who provide aid to injured motorists at least twice within five years.
Stay calm and be secure
Sometimes, however, things do go wrong. You get into an accident with someone else or your car is totally destroyed. At that time, insurance can become a very tricky thing!
In cases like these, it’s important to stay as calm and safe as possible. Don’t argue with anyone, address their concerns calmly, and try to work out what needs to be done next.
Make sure you keep track of all relevant documents such as proof of insurance, statements, receipts, etc., and save them in a place where you won’t lose access to them.
Once everything has been collected, make sure you protect yourself by taking legal action if needed. However, don’t assume that doing so is the best option – every situation is different!
If you are ever involved in an accident, even if it’s not your fault, check your own policy first to see whether there is any additional cover you have (for example, personal injury protection (PIP) or third party cover).
Stay clear of bad drivers
Although it may feel tempting to add people to your insurance policy, doing so can actually cost you money in the long run. Adding new users to your policy means they get their own coverage, but likely through another company that we’ve got to find additional cover for them, and those covers come with a premium price tag!
By adding new users, you are investing in their personal coverage, but you also have to pay more to their insurer because you made them liable for higher premiums. In effect, you paid double for their coverage!
It is very possible to insure yourself and others as an inexperienced driver. There are many ways to limit liability while still covering you effectively. Some strategies include buying limited use vehicle tags, using mobile phones instead of handheld devices for contact lists, and only allowing licensed drivers to take control of the car.
How do you know if someone is lying about being involved in an accident? If they try to conceal injuries or tell different stories, this could be a red flag. Make sure to check out any cars they claim were in collision with theirs, and make note of whether they already had insurance at the time.
Also, ask around about their driving history. Does anyone know who they go to when things don’t seem quite right? You would not expect everyone to be aware of their past negligence, but some might be.