As a truck owner-operator, you know that bobtail insurance is important for your business. After all, even the most cautious driver can experience a tire blowout or mishap on the road. Costs related to repairs and damages after an accident can quickly burden a trucking company of any size.
Having bobtail coverage is a smart move for any owner-operator. Let’s take a look at how much this coverage costs and tips for staying within your budget.
How Much Does Bobtail Insurance Cost?
Bobtail insurance cost is based on several different factors, including:
- Your driving record
- Your experience as a driver
- Your truck’s market value
For most drivers, bobtail insurance policies average between $2,000-$3,000 annually. That breaks down to approximately $5.50 per day, which is about the cost of your average latte. Coffee is great, but the long term value and peace of mind associated with bobtail coverage make it a clear winner in this equation.
Money Saving Tips
Experienced drivers with good driving records tend to have lower coverage costs. Maintaining a safe driving record is one of the best things you can do to keep costs down for bobtail coverage. Speeding tickets, DOT violations, or a record of accidents can drive up the cost of bobtail insurance.
In some cases, credit score may also affect your premium. If your credit score is low, take steps to raise it to help save money on your insurance policy.
Also, keep your logbook up to date, as logbook violations can have an impact.
The Benefit of Experience
The Kincaid Insurance team specializes in writing trucking insurance policies. In fact, we’ve been at it for over twenty years. Our independent insurance agents truly understand the trucking industry and can help you get the coverage you need to keep your truck on the road safely. We’re here to make it easy for you to protect your business. That’s why we offer flexible payment plans for bobtail coverage. You can make monthly or semi-annual payments, depending on what works best for you and your business.
When it comes to repairing your truck, we’re with you every step of the way. We have long-term relationships with towing companies, parts suppliers, and established repair facilities to make sure your equipment gets the attention it deserves.
Kincaid Insurance is here for all of your trucking insurance needs. We’re located in Rockport, Indiana, just minutes from Evansville. We write trucking policies in Indiana, Kentucky, Illinois, Tennessee, and Ohio. Contact us today for a no-obligation free quote and experience the Kincaid difference. You can call us toll free at 1-877-888-5506.Request a Free Quote