Commercial Truck Insurance for New Drivers

There is a varied world for commercial truck insurance for new drivers. Finding the right insurance can
be very difficult because of all the stipulations that are being placed on these drivers especially now. You
also need to be able to stay in business and get a price that you can work with. Finding both can be a
taxing and difficult thing to do. At Truck Insurance Helpers we can get the best outcome for all those
questions. Below is a guide and some considerations when going on this hunt for insurance. Please
read through, and let me know if any questions.

New CDL Driver Insurance

In this new world of trucking insurance it is very hard to find insurance for New CDL Drivers. If they have
under one year experience it is next to impossible. Some of the issues that may arise because of this
situation are the fact that these drivers have little to no experience and the risk is much great for them to
driver. They also pose a much bigger risk for the insurance company. As a new CDL Driver it will be
very difficult to find insurance without already have met the two year rule.

The Two Year Rule?

What is the is the two year rule? It is the unwritten rule that most underwriters in insurance companies
have in regard to getting insurance for a new driver. They want to see that the driver has experience,
and have that comfort level that they have the experience behind the truck. Sometimes certain insurance
companies will make an exception at one year or even six years experience, but it is very rare and the
circumstances always depend. Couple this with the fact that most new drivers are just getting started
and don’t have the business acumen or understanding that is needed to run a business.. Drivers finding
themselves in this situation are looking for options and just a chance.

Truck Insurance Helpers

With Truck insurance Helpers we can get you that quote and also find a company that will offer you
competitive insurance as a new driver. We will also be able to guide you through the underwriting
process that can be very challenging. You have to find the right markets, but also get them to offer the
right price.

• What are some of the biggest things to consider when it comes to commercial truck insurance for new
  drivers? There are some very distinct and important items to consider.
• What types of insurance do you need
• What type of driver are you? Do you have violations, accidents etc?
• What type of vehicle are you going to have? What is the age, value, etc?
• What are you going to be hauling?
• Finding the best trucking insurance companies

These are just a few of the items to consider. So the first step is always what types of insurance do you
need?

Usually you will need the below insurances to get started.

• $750,000 -$ 1,000,000 Auto Liability Insurance – This is the auto liability coverage for if you hit
• another person on the road and cause property damage or bodily injury to them.
• $100,000-$250,000 Motor Truck Cargo – This is to cover the items that you are hauilng in your
• truck/trailer.
• Comprehensive/Collision insurance for the truck/trailer
• General Liability Insurance(not mandatory depending on who you are hauling for.) If you are
• hauling for Amazon or RMIS or other types of companies like this you may need this coverage.
• Trailer Interchange – Usually between $30,000-$50,000 if you are going to use non-owned
• trailers. These can always vary depending on the type of trailer you are using etc.
• Hazardous Material coverage – This may not be needed because you may not be hauling
• hazardous materials
• Refrigeration Breakdown Coverage – This may be needed if you are hauling refrigerated goods
• Workers Compensation insurance – This may be needed if you have employees that you are
• considering hiring.
• Bobtail Insurance/Deadhead Insurance – If you have owner operators that may be working with
• you, you might need this coverage
• Pollution Liability coverage – This will cover if oil gets spilled on the ground and clean up for it.
• Some companies include it others may exclude it
• Towing/Storage coverage – One of the big items that could be missed by a new driver is a towing
• and storage insurance coverage. Many insurance companies are excluding this type of coverage
• and can leave you exposed. A tow big could cost quite a bit of money with clean up etc in a
• claim. You will want to make sure you have yourself covered with this as well.
• Business Interruption insurance – Many companies may not offer this coverage, but it will cover
• downtimes during a claim etc for the business. It might be worth looking into
• Umbrella/Excess Insurance – In some contracts especially Hazardous Material contracts you may
• need to have an umbrella/excess insurance policy. This is to protect over and above the
• $1,000,000 that most shippers/brokers require.
• Various other insurances – Depending on the type of insurance you will need, there may be other
• specialty insurances to consider, that you can go over with an agent.

Insurance for new truck drivers

The next consideration that you need to look at when it comes to getting the best rate and best insurance
as a new driver is your driving record. As a high risk driver you may get much higher rates or more
requirements to driver. If you have accidents, tickets, or violations on your record, it can make it more
difficult to get insured. It kind of goes without saying. Knowing this may help level your expectations.
The nice part is we can find affordable insurance for any driver with the markets we have available to us.
If you have been turned down, give us a shot and we will get it done.

A big consideration that has come up recently is the type of vehicle that you are going to drive and the
age of the vehicle. Some court cases with older vehicles have made some insurance companies leary to
insure an older vehicle. Also the appetite of many insurers is based on what they are confortable writing
insurance for. If you have a box truck there may be a different market for that type of vehicle vs a semi
truck. Generally the lower the weight of the vehicle, the lower the price. We can help you navigate this
though and get the best price for whatever vehicle you may have.

Motor Truck Cargo Insurance

Motor Truck cargo insurance is becoming increasingly difficult to find based on what the risk is and also
the history of the company or driver. It is important to find the company that is confortable with insuring
the type of cargo that you may want to haul. You may have special considerations like refrigeration
breakdown, hazardous material, electronics, alcohol, bullion, jewelry, explosives etc. All these have
different underwriters. Navigating to the correct underwriter is the key as a driver. Getting that guidance
is very important to us and we will help you get the right company for the right cargo.

If you are searching for the best insurance companies for new truck drivers, it will be difficult to try and
find them all. It is important to have someone help you this journey. If you get the right markets, it is easy
to get commercial insurance for new drivers. We can help you with this and get you the best price and
result. Don’t navigate the world of insurance without the right map. If you have that, you will get the best
result. Please give us a call at 385-269-0822, and we can help you get this handled.