Cargo Insurance Rates
The only way you can save on your cargo insurance is to shop around and see what companies offer the best rates. After all, the price of cargo insurance depends on what cargo you include in your policy. For example, coverage for hazmat will cost more than coverage for produce. Every company charges differently for different types of cargo, so it’s important to look around and find out who will offer you the best rate.
So, apart from the obvious, what can you do to lower your cargo insurance premiums? There are several things that will help you get the best available price.
How Can You Lower Your Cargo Insurance Rates?
First of all, you need to get quotes from several insurance companies. You want a good sample to get a feel for what the going rates are. Obviously, it’s not wise to simply choose the first place you reach out to.
The key is to be smart when you’re getting a cargo insurance policy. There can be all kinds of cargo on your policy, but the more you have, the higher the rates are. Consequently, don’t include types of cargo you do not typically haul. After all, if something changes, you can always alert them to a new type of cargo you’re carrying. A good truck insurance agency will work with you.
Also, be careful when setting limits and deductibles. By choosing a higher deductible, you can bring the price down significantly. However, make sure you’re comfortable with the amount. Lower limits can also lower the premium, but they might not cover you if anything happens to the cargo. This could lead to major issues for your operation, whether you’re part of a large carrier or working as a sole proprietor.
The best way to save on your cargo insurance policy is with SafeLine Truck Insurance. Our team can help you get excellent rates on cargo and truck insurance of all kinds.
Contact us today and we’ll get you started on great truck insurance!