Choosing The Right Health Insurance PlanChoosing The Right Health Insurance Plan

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Choosing The Right Health Insurance Plan

Hello, my name is Eric Coleman and I've written this blog to inform others about health insurance. Purchasing this type of insurance can be confusing, but it is very important that people know exactly what their insurance policy covers. When I was ready to purchase my health insurance, I didn't have any idea about what type of coverage I needed. Before I visited an insurance agent, I did hours and hours of online research to learn insurance terms and to find out about the kinds of policies that are available. The insurance agent also answered my questions so that I would fully understand what I was buying. Since getting the right health insurance is so important, I decided to write this blog to help others understand what type of policy they need and what is covered.


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7 Things That Can Impact The Cost Of Your Commercial Truck Insurance

If you're preparing to purchase commercial truck insurance, you might be wondering how much it will cost. Even if you already have commercial truck insurance, you might be wondering what factors go into the pricing of your policy. There are actually a number of different things that can impact the cost of your commercial truck insurance, including the factors listed below.

1. The Number of Trucks That You're Insuring

Of course, the number of trucks that you're insuring will impact the cost of your commercial truck insurance. Many insurance companies will give you a discount on additional trucks that you add to your policy, but as you can probably imagine, it will typically cost more to insure multiple trucks than it will cost to insure just one.

2. The Value of the Trucks You're Insuring

The value of the trucks that you are insuring matters, too. Naturally, if you are putting commercial truck insurance on an older truck that won't cost much to replace in the event of a total loss, insurance coverage for that truck typically will not be as expensive as it would be for a brand new, valuable semi-truck.

3. The Level of Coverage That You Have

There are certain minimum levels of coverage that you are required to have in order to operate a semi-truck on the road. However, you can choose whether or not you want to have additional coverage to protect yourself, your trucks, and your business. If you opt for additional coverage, your commercial insurance premiums will probably be higher. However, many truck owners and truck drivers do find that having additional coverage is worth the cost.

4. The Driving Records of Your Truck Drivers

Be aware that your insurance company might charge higher rates for your truck insurance if one or more of the drivers who operate your trucks has a bad driving record. Encourage drivers to abide by driving laws, and carefully screen potential employees' driving records prior to hiring them to help with this.

5. The Safety and Security Features That Your Trucks Have

Trucks that have improved safety features are safer to operate and are therefore often more affordable to insure. Security features like alarms and GPS tracking systems can also sometimes help you score lower premiums.

6. The Other Types of Coverage You Have Through the Same Insurance Company

In many cases, purchasing all of your commercial insurance through the same insurance company — when possible — will score you discounts on all of your policies.

7. The Insurance Company You Have Chosen

Lastly, you should know that some commercial truck insurance companies charge higher rates than others. Consider shopping around and getting quotes from a few different companies if you aren't sure if your insurance company offers the most affordable rates.

For more information, contact a commercial truck insurance provider.