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    Pick Up Truck Insurance

    In the United States, investing in pickup truck insurance is a must for your company or personal needs. According to Statista, there are over 947,000 truck drivers employed in the United States, with the trucking industry being valued at $791.7 billion. Because of this, it's important to invest in auto insurance for pickup trucks to protect all parties involved in an accident.

    Even if you're driving a pickup truck for personal or recreational reasons, you should make sure that you're protected from things like bodily injury and property damage. However, if your business is involved in making deliveries, transporting goods, and carrying tools, you may need to invest in additional coverage to protect your fleet of pickup trucks.

    The Importance of Pickup Truck Insurance

    An uninsured motorist can be a huge liability in terms of cost, so having bodily injury coverage should also be prioritized when it comes to looking at insurance rates. Because there are various pickup truck insurance plans from different insurance companies, it pays to do some research before investing in any liability insurance plan for your home or company.

    Common Issues With Pickup Trucks

    To help you get the right type of auto insurance for your truck, it's worth looking into the common risks and issues that driving a pickup truck involves. Some of the major causes of truck accidents include:

    • Truck Driver Negligence - When a driver experiences fatigue due to long drives, they may fail to pay attention to road conditions, which can be particularly dangerous for an uninsured motorist.
    • Truck Maintenance Issues - Brake problems, tire problems, and improper loads of cargo can make some types of pickup trucks more difficult to steer and more vulnerable to accidents. Thus, having insurance coverage can help pay for costs.
    • Poor Safety Ratings - Many vehicle collision fatalities take place in rollover crashes. Pickup trucks are more prone to rolling over compared to other SUVs or cars, making auto insurance for commercial pickup trucks a business essential.

    What Pickup Truck Insurance Covers

    Depending on the nature of use, your pick-up truck policy covers only certain aspects. For instance, a third-party policy will only insure the cost of car repair by another driver if you cause an accident, but will not fund the cost of repairs for your own vehicle. A full, comprehensive policy may charge a higher premium but provide more coverage for all your needs.

    If you're using a pickup truck for work, you'll need to invest in commercial insurance. There are different policy types that you can choose from that vary in price, including a 'carriage of own goods policy' to protect goods that you're transporting throughout the day. A separate insurance policy may be useful to remedy theft or damage to any tools.

    The insurance plan you're looking for should include the following types of coverage:

    • Physical damage coverage - Includes collision coverage if your pickup truck is involved in an accident, rolls over, or is stolen.
    • Liability insurance - Combines bodily injury and property damage coverage and help pays for medical bills if you're at fault
    • Uninsured or underinsured motorist insurance - Helps provide coverage for an uninsured or underinsured motorist for damages caused by a driver who doesn't have car insurance.

    How to Choose the Right Insurance Provider

    Before investing your hard-earned money in pickup truck insurance, it's worth looking at the products and services that a company has so that you can pick the most comprehensive plan to suit your needs. Aside from that, the time period when it comes to processing claims and overall company reputation are some things you should consider.

    Firstly, it's worth choosing a company that is knowledgeable about trucking insurance. Depending on your zip code, your state will have different requirements when it comes to motor carriers, pickup trucks, and more. Insurance rates can vary greatly between companies, so make sure that you get your money's worth.

    The length of time a company has been in business can determine its financial health and overall ratings. If a company lacks funds and has too many obligations, they may not be able to cover claims and go out of business.

    Often, if the cost of a policy is too good to be true, it probably is. Looking at the extent of its coverage and reading the terms and conditions in detail can help you prepare for any unexpected gaps, and getting the cheapest plan typically means losing out on some types of coverage for pickup truck insurance.

    Applying for Pickup Truck Insurance

    Whether you're looking for a commercial insurance quote or a private one, an agent from an insurance company will ask for information about yourself and the pickup you drive.

    The cost of auto insurance for your pickup truck varies depending on its make and model, age, and type of goods you're hauling. Your driving record can also impact costs which can become much higher if you have plenty of past violations.

    Budgeting for Insurance Costs

    On average, car insurance for a pickup truck varies depending on your zip code and if you're after commercial insurance or private insurance. The price also varies depending on the types of pickup trucks you're planning to insure. Compact pickup owners pay around $119.98 per month on average, while full-size heavy-duty pickup owners should expect to pay around $133.40 per month.

    When looking into requesting truck insurance quotes, you can lower your overall truck insurance cost by bundling together multiple policies. You can also opt for automatic payments to get the best rates for your monthly or yearly premium. This can also help save you time when paying for a single premium.

    Lastly, having anti-theft devices including GPS tracking can help lower the quote that you received for a fleet of pick-up trucks, as companies are more willing to insure vehicles that are more protected.

    Frequently Asked Questions

    Do I need pickup truck insurance?

    For businesses, paying an insurance premium for your vehicle is a legal requirement in many states, but it can also help protect those who use their pickup truck for personal reasons.

    What does pickup truck insurance cover?

    Depending on how much you pay per month or per year, commercial pickup truck insurance coverage can cover the expensive medical bills an individual or a business incurs after an accident. An insurance company can help pay for any damage to your vehicle, whether it's a commercial pickup truck or one for personal use.

    Additional Resources

    2022 Most and Least Fuel Efficient Trucks, Vans, and SUVs

    This list covers the most and least efficient trucks by EPA size class, including and excluding electric-drive vehicles.

    Having auto insurance for your pickup truck can help protect you from the worst-case scenario. Auto insurance is a must for anyone that owns a pickup truck, to provide comprehensive protection against a potential collision or any damage that can occur during an accident on the road.

    To shop around for the best commercial truck insurance plans, our team can provide you with a free consultation so that you can get coverage for a future accident. Contact us today at Assured Standard free quote so you can compare different rates from our insurance experts all in one place!

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    Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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