When it comes to auto insurance, you’ll find that there are very few states that have no requirements where coverage is concerned. While there are still a couple out there that don’t have laws concerning mandatory automobile insurance for drivers, there may be stipulations about being able to pay for accidents in lieu of being insured. In any case, you’re likely a lot better off having a policy for coverage in place before you get behind the wheel of your truck, especially considering the damage that may be caused by larger vehicles in the event of an accident. Your truck will likely protect you from harm, but drivers and passengers in other cars may not be so lucky. That said, you don’t want to pay more than you have to for your automotive insurance. So here are a few factors you’ll want to consider that could affect the cost.
- Your truck. The vehicle you drive could affect the price of your insurance in a number of ways. First and foremost, you should be aware of the fact that the more valuable your truck is, the more you’re going to pay for insurance. So if you’re trying to decide between a brand new model or an old beater, keep in mind that you’ll pay a lot more for premiums on the new truck since it will cost more to repair or replace in the event of an accident or theft. Of course, you could also temper that cost with added safety features like ABS, side airbags, and an anti-theft system like Lo-Jack.
- Your driving record. You are probably aware that moving violations, parking tickets, and accidents can all cause your insurance rates to go up for a period of time. But if you’re looking for insurance you might not know that having these infractions on your driving record, even if they are old, could set the bar for your new policy in terms of cost. If an insurance company views you as a risk they’re almost certain to charge you more. So it’s a good idea to drive safely and keep a clean record as much as possible.
- Your age. Any time you’re considered to be part of a high-risk group you can be certain that you’ll pay more for insurance, and this applies to health, home, auto, and every other type of coverage. Unfortunately, certain groups of drivers are considered to come with higher risk of accident than others, and age can be a factor. Teens and young adults often pay the most because of their lack of experience, but after the age of about 25 you can generally expect your rates to decrease, especially if you’re a safe driver. However, senior citizens often end up seeing their rates increase due to the deterioration of vision, hearing, and reflexes, which can lead to an increase in accidents.
- Where you live. Generally speaking, people who live in rural areas are going to pay less for truck insurance than those who reside in urban centers simply because less traffic and lower speed limits common to rural locales tend to decrease the chance for accidents.
- The policy you choose. The amount of coverage and the deductible you opt for will certainly affect the rate you pay for truck insurance, whether you’re buying from State Farm, Allstate, or a truck-specific vendor like Great West Casualty Company. However, you can always ask about discounts for factors like safe driving, multiple policies, and even good grades (if you’re a student). This way you can get the coverage you need at a price you can afford.