Many drivers prefer to buy pickup trucks compared to cars since they are a lot more versatile and can be used to haul bulky goods and used off roads. However, it is not cheap to insure trucks for some reasons. Furthermore, you may also find it impossible to buy cheap truck insurance due to poor driving history or credit problems in the past. If you have been involved in road accidents or traffic violations, your pickup truck insurance quote will be more expensive.
Big sized 6L trucks such as the Cadillac Escalade EXT, Chevrolet Silverado etc are much bigger and expensive compared to cars. They are not as easy to drive, so the accident rates are significantly higher. Although truck drivers are well protected due to the height and heft of the trucks, the other vehicles and their drivers can suffer serious damages and injuries in the event of an accident. Thus, when the truck driver is found to be at fault for an accident, the liability compensation will be very expensive to for the insurance companies to pay.
However, you can still buy cheap pickup truck insurance cover by ensuring you have a good driving history, road safety equipment to lower your insurance risks. Choosing a less flashy pickup truck that is not the preferred target of car thieves also help to lower your insurance costs. You can ask your insurer which pickup trucks are cheaper to insure if you are still shopping for one. Click here for cheap car loan rates with bad credit.
It is recommended to compare pickup truck insurance quotes from various insurers in order to get the best deals. Truck insurance rates are less competitive and hence they do vary significantly across different companies. You may be able to get cheaper quotes from insurers that specialize in truck insurance.
To save money on your truck insurance premiums, it is very important to maintain a clean driving history for the past 3 years. Similarly, avoid speeding tickets and comply with all traffic laws in your state. As long as you do not make any claims over the past 5 years, you will qualify for very cheap truck insurance with no claim discounts.
A method some drivers used is to avoid making small claims. Say you got into a minor accident that cost only a few hundreds to repair. You can only paying out of your own pocket instead of filing a claim with your insurer. Making a claim can void your insurance discount and some insurers may even disallow you to renewing your truck insurance policy next year if you make 2 or more claims within 12 months.
If your pickup truck is considered a high risk category, the best way to pay less is to buy high deductible truck insurance. For example, with a $1000 deductible truck insurance plan, all claims under $1000 will be covered on your own while any amount above $1000 will be paid by the insurer. Thus if the total compensation costs $3500, you pay the first $1000 while your insurer pays the remaining $2500.
You pay about 20% lesser for $1000 deductible truck insurance versus a $500 deductible. Do note that you need to carefully estimate whether you can afford to pay for your share of repairs and compensation before increasing your share of the deductible. If you decide to buy high deductible pickup truck insurance, make sure you save some money in your bank account to cover for accidents.
When you own more than one vehicle, you can check out whether your insurance company offers additional discounts if you insure multiple vehicles under the same policy. Many companies offer some loyalty programs and allow car owners to combine multiple cars and trucks into one auto insurance policy and pay cheaper rates. Some bigger insurance companies that provide many different types of insurance plans will also give discounts when you combine your home, car, motorcycle or truck insurance plans for discounts.
Check out free truck insurance quotes from AAA-rated auto insurance companies on the internet. It is very easy to compare and choose the best offer available. If you have even the slightest doubts over the truck insurance contract clauses, such as deductibles or down payment options etc, make sure you clarify with a representative in black and white before you buy.
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