When you are shopping around for Truck insurance, you will have a lot of questions. How will you choose the best company?
There are five important factors that every insurance company should have. Make sure that the company you’re considering has all five before buying your policy.
- Professionalism
- A Good Reputation
- Dedication & Ambition
- Strong Financials
- Stellar Claims Service
1: Make sure your Truck Insurance Broker is a Professional!
The most important thing is that the insurance broker should display utmost professionalism. Because you are buying a very expensive and complex insurance policy, you need someone that is experienced. You are about to spend a significant amount of money on your new truck insurance coverage, so you need a broker that is knowledgeable, prompt and respectful. A lot of truckers are hauling loads without the proper amount of coverage, whether it being too much or too little.
2: Does your Truck Insurance Company have a Good Reputation?
Find out how long your truck insurance company is in the business. And make sure they are in it for the long haul! Because some companies get into the business just to make some quick cash. You need a company that has experience with writing policies for years. And if you sense that the agent is not experienced, it’s time to find someone that is.
3: Make Sure Your Truck Insurance Broker is Dedicated!
You have to be aware that some agents sell truck insurance policies with so little knowledge about them. Get an agent that will be dedicated to inform you about everything in the policy and educate you about the coverage you’re getting. Also, will the insurance broker remain dedicated to you after the sale? Will they still help you with your policy?
4: Is Your Truck Insurance Company Financially Strong?
Truck insurance brokers have the option to write policies from multiple carriers. They can compare quotes from the carriers they work with and often they can find you savings. And make sure to ask your broker you give you the Poor, Standard and Best ratings for each company they presented you. These are ratings that show you the financial strength of a particular insurance company. Do you really want to save a money by insuring with a weak company?
5: What About Claims?
This is the time when to spot the real truck insurance companies from the impostors. If you have to file a claim, can you speak to an actual person on the same day? How fast will the company’s response time be? Some agents are avoiding dealing with the claims process. So choose your company and agent wisely! What kind of agent do you have?
Good Luck!
We know it’s hard to find a truck insurance agency that has all the qualities. All of them want business and will make promises, some of them will keep them and some won’t. Asking the right questions while getting your quote should help you make a decision about a particular insurance broker.
If your current insurance company does not have any of the qualities mentioned above, then it’s probably time to fire them. On the other side of the coin, if you are with a great company, then tell your friends. Save them from dealing with bad insurance companies.
Use these tips when interviewing agents for your next policy. Make sure to also read “Tips On How To Get Cheap Truck Insurance” before talking with the agents.