When it comes to eliminating expenses for your trucking business, there’s no getting around your need for commercial transportation insurance in NJ. While this is an expense that will always be a part of your business’ operating budget, there are things you can do to lower your premiums. Standard suggestions, such as increasing your deductibles, still apply, but there are other ways you can reduce your rates.
Hire Better Drivers
You’ll pay less for transportation insurance in New Jersey if you take the time to properly vet the drivers you hire. Be sure to check driving histories for candidates to ensure you’ll only hire drivers with clean records. Additionally, look for drivers with stable employment records since a driver who jumps from job to job can be seen as a bigger risk to insurance companies.
Create Standard Driving Routes
The roads your drivers take will affect the rate your business will be charged for commercial transportation insurance in NJ. Factors such as driving through heavily populated areas will increase your rates. Try to create routes for your drivers that keep them out of metro areas as much as possible.
Invest in Newer Trucks
If your trucks are more than 10 years old, it may be time to think about upgrading. You’ll also enjoy discounts on your transportation insurance in New Jersey if you invest in newer trucks that are equipped with the latest road safety features. Accident avoidance technology and other technological innovations can help you earn a bigger discount.
You can also keep your rates lower when you visit Capstone Insurance Services online at http://capstonecoverage.com.
