Trucking & Transportation Transportation Insurance Guide Finding good trucking and transportation insurance is a very difficult endeavour. We have put together information which will assist you in avoiding the many pitfalls to ensure you come away with the policy that serves your unique needs at a price you can afford. Information required to obtain a quote: Your current insurance policy declarations page - also known as a "dec page".If you don't have a commercial insurance dec page, use a current personal auto one. Alternatively, you can get your new insurer to get the dec page from your old insurer directly.Drivers license numbers and basic driving histories of all drivers, including speeding tickets. Your quote will rise if a driver is later found out to have a worse driving history than you said.VIN numbers (vehicle identification numbers) of each vehicle, plus a rundown of safety and security features on each truck. If you don't have the VIN number handy, just provide the insurance company with as much detail about the vehicle as you can, including the model, manufacturer and year.* A company may provide an indication based on incomplete information, but the quote may change once the correct information is provided Learn more 4 Main Types of Truck & Transportation Insurance Coverage Liability insurance - this is the mandatory insurance which pays for any damage you cause with your truck. Driving without this insurance is an offense and could result in heavy penalties.Bobtail insurance - also known as deadhead or non-trucking liability, this insurance is voluntary and covers your truck for when you're on the road (i.e. when you're having it serviced etc).Motor Truck cargo - this insurance covers the load you're carrying. It isn't mandatory but some shipping companies insist on it.Physical damage coverage - again not a legal requirement, but this insurance covers your truck against perils like fire, theft, and flood damage. Learn more Ways to Save Money on Truck & Transportation Insurance Premiums Increase your deductibles, or "voluntary excess". The larger your deductibles, the cheaper your insurance will be - but remember you'll have to pay it in the event of an accident or theft. There's very little sense in increasing it if you can't afford it.Pay your insurance up front at the start of the year, rather than paying in installments. This could save you around 15%.Pay by electronic money transfer to avoid costly checking fees.Insure all your vehicles with one company and reap the benefits. Most insurance companies give discounts or incentives to people who insure their whole fleet with them.Run a safety program. Ask your insurer for advice on how to put one together for your business, and you could save more than 10%.A written maintenance plan could save you around 5%, just because they know you're serious about looking after your vehicles.Some truckers overstate the value of their vehicles in the hope that they will get a good deal if anything happened to it. That isn't how it works - your insurance company will see how much it would cost to buy a similar replacement. If you say your truck is worth more than it is, however, you're likely to pay over the odds for your coverage.Remove comprehensive cover from some of your older vehicles. This cover isn't needed and might be costing you more than it's worth. Learn more 5 Main Factors Which Affect Your Truck & Transportation Insurance Premium Driving record - how many speeding fines, traffic offenses and accidents you or your drivers have incurred in recent years.Where your trucks are kept, especially overnight. Riskier areas mean higher premiums.Limit of liability coverage required - see below for a rundown of what you need.Type and radius of operation.Age, condition and safety features of the vehicles. Learn more ICC Authorities & MC Numbers You'll need to get an MC number from your ICC authority before you shift goods across state lines. In order to qualify for one, your bodily injury and property damage insurance coverage will need to meet certain requirements based on tone tonnage of your vehicle and the loads you'll be carrying.For vehicles with a Gross Vehicle Weight Rating of 10,000lb or more$750,000 for general, non hazardous commodities.$1m for hazardous freight except class A and class B explosives.$5m for class A and class B explosives. Learn more Why Trucking & Transportation Insurance So Expensive There are 4 primary reasons why Trucking & Transportation Insurance is so expensiveTrucks are expensive. Your insurance company is at risk of having to replace your whole rig.Trucks are big and heavy, so if you do crash into something it'll do quite a bit of damage. More so than if you were in a car.Trucks are three times more likely to be stolen than cars, partly because they're worth more, and partly because they often contain valuable cargo.Last and most irritating, plaintiff's attorneys. Learn more Have a Question Name Email Address Phone Question Thank you! Oops!