Good Questions to Ask Your Insurance Agent

Good Questions to Ask Your Insurance Agent

Owning or managing a fleet is hard work. Keeping the fleet running smoothly is even harder work. But we know you, we know you want to provide the best service to your customers, while also operating an efficient, safe, and profitable fleet. But your insurance premiums are super costly. And they keep rising, according to the American Transportation Research Institute. So, when approaching your insurance agent to discuss ways to reduce your insurance expenses here are some good questions to ask.

What Coverage Options Do You Offer?

As with most things, there are a couple of options available for your fleet insurance coverage. Traditional coverage usually covers primary and general liability, physical damage, cargo and bob-tailing, and lots of other supplemental issues. With this type of coverage, you may never see a great ROI.

What could be an option for you is to discuss dynamic price insurance with your insurance agent. It can bring better rewards to your fleet instead of the traditional package.

What Influences My Insurance Premiums?

Knowing what affects your insurance premiums can be a way of effectively lowering them or comparing them against other companies’ options. Some of the traditional factors that are included in an insurance premium’s calculation include the type of cargo you transport, how far your trucks have to travel, and the types of trucks you have in your fleet.

Insurers may consider looking at other metrics such as mileage, commodities, and CSA scores. These can be helpful metrics, but they are more supplemental than critical in determining a proper premium. That’s because it can take a while for an insurance carrier to notice improvements in these factors.

Do You Offer Driver Safety Incentives?

Driver safety incentives may have been something on your list to take care of, but an insurance provider may already have an option available for you. Feel free to ask your insurance agent about any available driver safety incentives that promote safe behaviors for your drivers. It can be a great way to improve talent and performance and reduce the misfortune of accidents.

If you want to ask an insurance agent these questions right now, then call us at (732) 889-7635!

Categorized in: Blog, Transportation Insurance