If you’re using your pickup for business use then you’ll need pickup truck insurance. This coverage is vastly different than just a regular auto insurance policy. If you’re new to the business and wondering whether or not you should get it then you’re in the right place.
In this article, we’ll discuss the various coverages included in a pickup truck insurance policy. Also, we have some tips for shopping for quotes. Let’s get started.
Understanding Pickup Truck Insurance
Companies that utilize pickup trucks for hauling equipment, tools, and other various items can benefit from pickup truck insurance. Contractors and landscapers can especially benefit from this commercial auto insurance policy since it provides extensive coverage.
This policy can be customized to your specific needs in regards to your business. If you opt for a reliable insurance provider, you can protect your pickup from numerous unwanted situations.
Here’s what you can expect pickup truck insurance to cover:
Underinsured/Uninsured Motorist
Underinsured/uninsured motorist coverage can come in handy if you’re involved in a collision with a motorist who’s lacking the proper insurance.
Physical Damage
Regardless of who’s at fault with physical damage coverage your pickup will be protected in the event of a collision and non-collision. So, if your truck were to get vandalized or a tree branch falls on it then you’ll be covered.
Auto Liability
Auto liability insurance is required by law in most states. It will protect you if you’re at fault in an accident and cause property damage or bodily injury to another party.
Is Pickup Truck Insurance Expensive?
If you’ve been in the business for a while now, you’re probably well aware that insurance doesn’t come cheap. However, this doesn’t mean that you should avoid getting your pickup truck insured. If you take the time to do a little research, there’s a high likelihood that you’ll come across a reliable truck insurance company that offers decent rates.
Here are a few things you should consider while shopping around for pickup truck insurance:
Insurance Discounts
Luckily many insurance companies offer various discounts to their policyholders. For example, if you pay your premium in full and maintain a clean driving record you could save a substantial amount.
Also, if you’ve been operating your business out of your truck for a long time then you may be eligible for a discount.
Online Ratings
Online reviews can say a lot about an insurance company. By doing your research, you can get a pretty good idea of how good a company’s customer service department is.
Coverage Options
It’s important to note, insurance companies don’t always offer the same coverage options. Some policies may look the same but the limits and exclusions could be very different. As I’m sure you’re aware, all businesses have very different insurance needs. For example, landscapers will typically haul more expensive equipment in their pickup truck than a painter would. So, it’s likely they would need greater coverage in this scenario.
Therefore, it’s important to weigh your options before selecting an insurance company.
Claims
We all want to deal with an insurance company with a fast and easy claims process. If your pickup is damaged due to an accident you’ll want to get it repaired as quickly as possible. Especially if you’re using that truck for work reasons.
Therefore, you’ll want to research the claims process of several insurance companies before choosing one.
Prices
Believe it or not, many insurance companies charge different rates for the same exact coverage. That’s why shopping around is so crucial during the insurance process. Reach out to reputable insurance companies or seek assistance from an agent who specializes in commercial auto insurance. This way you’ll obtain the best pickup truck insurance at the lowest possible rate.
