What does commercial truck insurance cost in Southaven, MS and Byhalia, MS?
The cost of your truck insurance coverage will vary depending on several factors.
Cargo: Your cargo greatly affects the cost of your insurance, but it must be accurately disclosed in order for potential claims to be paid. A truckload of fresh cabbage will do less damage during an accident than a trailer filled with kitchen appliances and will therefore cost less to insure.
Contract requirements: If you drive under a company, they often cover your liability insurance.
Coverage requirements: Some states have minimum limits of coverage and some contracts may require you to hold higher insurance coverage amounts.
Driving history: Your driving record has a greater impact on your commercial truck insurance because the loads you are carrying can cause more damage in accidents.
Operating radius: Local drivers will often pay less than regional drivers because less drive time usually means less risk.
Vehicle type: Newer vehicles and heavier trucks often cost more because they are costlier to replace and prone to cause more damage in accidents.