Towing cars isn’t always an easy job. There’s a lot of responsibility associated with transporting someone else’s car, and so safety is absolutely paramount for tow truck companies. You might have a good record for your business with few accidents, tickets, or losses, but it’s still important to do everything you can to establish high safety standards for your company (and besides, it can help you save money on your tow truck insurance rates.) That being said, here are a few ways you can boost safety at your tow truck business.
Calling a tow truck company to transport your car is probably not something you planned to do, and it may not be something you’re particularly happy to have to do. Your first question might be how much it will cost to repair your car – it’s making a very ominous clicking sound. The second might be “How much does a tow cost?” Every towing operation is different and it might be difficult to pin down an exact price prior to the tow. You might be envisioning triple dollar signs.
If your car insurance policy includes roadside assistance, getting a tow can be completely FREE! That’s why, as a general practice, our experts always recommend roadside assistance when creating our auto insurance quotes. We know that including this type of coverage in your policy can ultimately save you time and money in a sticky situation. However, if you haven’t shopped with us yet, here’s an idea on the average cost of a tow, the cost of towing a car per mile, and why towing is priced the way it is.
You might have heard that tow truck insurance rates are on the rise. Many tow truck insurance carriers have backed away from covering tow truck businesses because they think they’re too risky. That has led to many tow truck businesses getting their insurance nonrenewed, while others have seen huge rate increases. As a result, you may be wanting to save money on your tow truck insurance rates by getting cheap tow truck insurance. We’ve got some tips to help you save some money on your rates.
If you run a tow truck business, you know that you face plenty of risks every day. To cover those risks, you need to protect your business with tow truck insurance. Since every tow truck business is different, every tow truck business needs a unique insurance plan that’s customized for its specific risks. One type of insurance that you might want to consider for your operation is garagekeepers liability insurance. We’ll explain what garagekeepers is and how it can protect your tow truck business.
If you work in the tow truck industry, you’ve probably noticed a few changes when it comes to insurance – namely, the cost of your tow truck insurance premium rocketing upwards. As if tow truck insurance wasn’t pricey enough, it’s only gotten worse. The jump in rates has been enough to make more than a few tow truck companies close their doors.
But why is this happening, and why now? Why does it seem like your insurance company is charging you a crazy rate when just last year things were reasonable? There are several reasons for the chaos that is the tow truck insurance industry, and we’ll try to make sense of the changes that have been affecting towing companies around the nation.
There are lots of potential risks that people who work with tow trucks face every day. Risks, or exposures, are why people get tow truck insurance in the first place—so that they’re protected from whatever life might throw at them.
As someone who works in the tow truck industry, it’s important that you understand what you’re up against. There are several types of risks that your business faces every day, so we’ve outlined the kinds of exposures that you need to be aware of when thinking about getting your insurance coverage. The exposures and risks depend on what kind of tow truck business you have (mainly whether you’re strictly towing or you have a body shop), but these are the main ones to think about.
No two businesses are the same. This is especially true when it comes to tow trucks. Your business, whether it’s a tow-truck company or an auto shop, has its own fingerprint, and this fingerprint plays a large part in deciding what kind of insurance you need. And once you find the right coverage for you, there are lots of different factors that go into determining the cost of your insurance premium.
To take some of the mystery out of your insurance rates, here are some details about your business that will impact your premium:
Cars break down—it’s a known fact and one of the fundamental truths of Murphy’s law (anything that can go wrong, will go wrong.) And when things go wrong with a car, who ya gonna call? A tow truck, of course. Whether it’s a collision or a breakdown, tow trucks are an essential part of making an extremely stressful day less stressful. If your business offers tow truck services, your trucks have been tasked with the important job of rescuing stranded cars and getting them to the shop safely.