How to Get the Best Price on Trucking Insurance? 

Truck owners must have a truck insurance policy that financially protects them in unwanted situations. However, finding the right truck insurance for a trucker can be a challenging task. Read the below guide to understand how to get the best price on the insurance policy.

Read more
Buy instant insurance for Goods, Passenger & Miscellaneous vehicles
  • 18+ insurers to choose from

  • Instant renewal for expired policy

  • Cover lamp, tyre Tube & bumper

Save upto 80%* on Commercial Vehicle Insurance
View free quotes
Please wait. We Are Processing..
By clicking on ''View free quotes'' you agreed to our Privacy Policy and Terms of use

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

 6 Tips to Get the Right Price on Your Commercial Vehicle Insurance 

Finding a good insurance rate with so many options available is a tough job. Fortunately, we have a couple of tips to shop for the best rates for your truck insurance.

1. Keep Your Truck Maintained 

One of the important tips to receive lower rates in your insurance policy is to keep your truck in good condition. You can do this with regular servicing sessions and get the truck checked with the right mechanic.

Proper servicing on your truck will help in detecting all the issues. You must check the engine oil, air filter, engine coolant, power steering fluid, brake fluid, and windshield washer fluid regularly. Moreover, you must ask the mechanic to rotate the tyres since it reduces vibrations and enhances the gas mileage.

Along with the interiors, you should give some time to clean the exteriors of a truck. Remove any abrasive dirt, sand, and dust. Also, remember to clean the undercarriage.

If an insurer finds your truck in a well-maintained condition, they consider you a responsible driver and a policyholder who is less likely to raise a claim. Therefore, you will receive truck insurance at lower rates.

2. Maintain a Clean Driving History

To get trucking insurance for truckers at a lower rate, a driver must maintain clean driving history. If you are a commercial truck driver or manage a truck driver for your company, having a clean driving record can turn out to be the biggest asset for the company. 

When you have a good driving history, the insurer will have faith in you and will consider you less risky to cause any damage to the vehicle. Also, if there are no accidents and speeding challans in your account, then you are likely to receive lower truck insurance rates. 

To check whether you are a safe driver or not, the insurance company will consider several factors like-

  1. Driving License (DL) suspension history
  2. Number of claims raised previously
  3. Training and certifications
  4. Speed limit challans
  5. Age and experience of the driver
  6. Any other challan or suspension activities

3.Compare Multiple Truck Insurance Quotes 

You can start this process by searching for a commercial vehicle insurance policy for truckers online. Shortlist multiple plans according to the coverage and price. Most commercial vehicle insurance policies offer customized plans as per your need and budget. So, you must take enough time to compare quotes & prices, understand coverage and ask questions to the insurance company.

To avoid the hassle of shortlisting, you can visit to compare multiple commercial vehicle insurance policies in one place and get the right coverage for the trucking business.

4. Pay for Annual Premium Upfront and Receive Discount

Investing a large amount of cash upfront can be challenging, but it can save a good amount later. Do you know many commercial truck insurance companies offer discounts to those policyholders who pay their yearly premium in a lump sum? Yes, you can ask for this from your insurance provider and save a good portion on paying your premium.

5. Customise Your Insurance Policy 

It is not a thumb rule that you have to choose from different plans offered by the insurer. Instead, you can customise your policy based on your company's needs at the time. If you need the other coverages in the future, you can upgrade the plan. To get the best deal for the tailored plans, you must talk to an insurer executive.

6. Don't be Underinsured 

Never compromise on your coverage. Yes, it is genuine advice to never compromise on your coverage just to save money. It is recommended to read all the terms and conditions of the coverage before you accept it. Read your policy wordings carefully before you invest money in it. In the insurance market, there are many affordable policies with maximum coverages offered by multiple insurers. All you need to do is compare the plans and choose the best.

Final Thoughts

Finding the  right truck insurance plan that fulfills all your needs can be quite confusing at times. With the help of the above tips, you can get the best coverage for your trucks. Also, you must read the policy wording carefully before making the deal.

Commercial Vehicle insurance articles

Recent Articles
Popular Articles
Third Party Motor Insurance Pool

18 May 2022

Third party motor insurance pool came into existence on 1st April...
Read more
Essentials of an Accurate Smart Truck Overview in India

16 May 2022

A smart truck is heavy machinery that offers both power and...
Read more
Top 6 CNG Truck Models in India – Price and Performance

13 May 2022

With the rising air pollution, there is a rise in the demand for...
Read more
Top 5 Tata Light Commercial Vehicles In India – Price & Overview

09 May 2022

Tata Motors is one of the popular and favourite commercial vehicle...
Read more
Selling Truck Guide: Tips To Sell Your Used Truck in India

05 May 2022

Buying or selling a used truck involves a lot of effort. During...
Read more
Difference Between Commercial and Private Vehicle Insurance
Insurance is an effective tool to provide financial help in case your vehicle gets damaged. Whether it is your private...
Read more
Difference Between Light-duty Truck and Heavy-duty Truck
Trucks are the most favoured mode for moving goods because of its trustworthiness, reliability, adaptability, and...
Read more
Innovative Qualities of Top Tractor Tyres Brands in India
The Indian market has some new innovative tractor tyres with unique features. The tyre is a round part that covers...
Read more
All you need to Know about Third Party Commercial Auto Insurance
A third-party commercial vehicle insurance policy covers risks arising due to third party liabilities such as...
Read more
7 Things You Should Know About Commercial Vehicle Insurance
When you own a business, you already have a lot on your plate to think about which leads to anxiety and stress. Buying...
Read more