Many factors can impact the complicated formulas used to determine the cost of rig insurance in Florida and Texas. Driving records, the market value of the rig, operation location and radius of operation, and the driver’s age and credit history are all assessed to determine a client’s risk and the associated cost of insuring their rig. Because many of these factors can change from year to year, getting the best value for your insurance dollar means periodically asking your agent for a reassessment of risk factors. Each year of experience and accident-free operation, combined with the annual depreciation of rig value, or a change in operation location could mean real savings for the owner. J.E.B Insurance Services urges you to take the time to talk to your agent about any changes to your individual operation.
A few other ways to lower the costs of big rig insurance in Florida and Texas include:
Request a Higher Deductible – this is the amount you pay out-of-pocket after an accident. By opting to pay more in the event of an accident, you will lower your annual premium.
Request a Lower Limit – this the maximum dollar amount the insurance company agrees to pay after an accident. If you have a safe driving record or an older rig, this may be a good cost-saving option. Determine what works best for your operation and check with your operating area’s minimum limit laws.
Pay in Yearly Installments – if you have the resources, paying in annual instead of monthly or quarterly installments can save big bucks.
J.E.B. Insurance provides a full array of truck insurance coverage in Florida, Georgia, Illinois, Iowa, Nebraska, North Carolina, South Carolina, Tennessee, and Texas. With 22 years of commercial truck insurance underwriting experience, we can help you make the important decisions about insurance coverage for your most valuable asset- your rig. Our fully licensed staff is there when you need us. Contact us for more information about our services or to receive a free quote.