January 20, 2022
January 20, 2022

Semi Truck Insurance For New Drivers:

Best Decision You Will Make- if you own an 18 wheeler in the Peach State, you have landed on the perfect article to know about semi-truck insurance. Let’s talk about the basic things you need to know about semi truck insurance. Read this article to know about the law, the factors that impact your premium, and the coverage on semi truck insurance for new drivers. 

Does the law mandate semi-truck insurance? 

Yes, all commercial vehicle owners need to get insurance in Georgia. As your semi-truck is also a commercial vehicle, you must get truck insurance. According to General Liability Insure, the Peach State law requires you to maintain minimum liability coverage of $750,000. Likewise, how much your semi truck’s liability coverage needs to carry will depend on several factors. Such factors can be the Gross vehicle weight (GVW) and type of cargo.

Factors that impact the cost 

The factors that impact the premium rates for your 18 wheeler in Georgia are as follows:

  • Value of your semi-truck
  • Type of the cargo you haul
  • The location of your garage
  • Radius of operation
  • Your driving experience and history of accidents
  • Your credit history
  • Type of coverage you choose
  • The payment plan you choose

What risks is your semi-truck exposed to in Georgia? 

Are you thinking that you will be careful while driving your tractor-trailer? Do you think it will be enough to prevent accidents? Are you thinking about passing on getting additional coverage? Sadly, you are thinking wrong. The minimum liability coverage specified by the Peach State law is not enough. So, consider the following risks to make the best decision:

Accidents:  

Given that your tractor-trailer size is next to mighty, it increases your chances of collisions and accidents. Therefore, if you get into an accident with a smaller vehicle, the car’s damage will be very extensive. Similarly, it means that you will have to cover colossal repair and medical expenses. Also, the damage to your mighty truck will be super expensive.

Theft/damage of cargo: 

We understand that despite your best efforts to protect the cargo in your custody while hauling it, it can get damaged and stolen. So, depending on the cargo’s value, you will need enough coverage to be on the safe side from an insurance agent that has an independent insurance concept for insurance marketing or marketing for insurance.

Natural Disasters: 

Some common natural disasters in Georgia are as follows:

  • Floods
  • Landslides
  • Wildfires
  • Hurricanes
  • Storms
  • Extreme heat

So, as a semi-truck operator, you need to be aware of them. Likewise, you also need to protect your truck from these events through insurance agents near me.

What are the general coverage under semi-truck insurance? 

Typical coverage types for semi truck insurance in Georgia are as follows:

  • Liability Coverage: It pays for injuries and property damage of a third party.
  • Collision Coverage: Likewise, collision coverage pays for damages to your semi truck from collisions.
  • Comprehensive Coverage: It pays for damages to your semi truck from natural disasters, fire, theft, vandalism, etc.
  • Contents Coverage: Finally, contents coverage pays for any harm to your cargo.

Key Takeaway 

All in all, getting semi-truck insurance is one of the best decisions you will ever make as its owner. Furthermore, if you are looking for more expert tips and advice, then call us anytime.

Semi-truck insurance or owner-operator insurance refers to policies for cheap temp semi truck insurance. Learn more and make the right decision. 

Frequently Asked Questions

What type of insurance does a trucker require?

Commercial vehicle insurance is necessary for truck drivers, but what about other forms of business insurance? Trucking general insurance coverage, business interruption insurance, and motor cargo coverage, while not legally required, can assist protect your firm from litigation and damages.

Is it necessary for a trucker to have general liability insurance?

For-hire truckers are increasingly being required to have Motor Truck General Liability insurance, according to a rising number of risk managers. It covers injuries or property damage caused by commercial operations that aren't directly linked to driving your vehicle.

What Are the Requirements for Commercial Truck Insurance?

Trucking businesses must prove to the state and federal governments that they have adequate insurance on their trucks to cover both the truck's worth and the cargo's value, as well as safeguard against any liability claims, such as a trucker-caused accident.

What can I do to lower the cost of my commercial vehicle insurance?

Choose the alternatives that best suit your company's needs and budget for commercial vehicle insurance. Increase Your Deductibles on Commercial Auto Insurance: You'll save money on your commercial insurance if you pick greater commercial vehicle insurance deductibles.

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