California Truck Insurance

Rate Increases on Financed Premium Immanent Steven Mark Beckett Jr, the President and CEO of Patriot Financial Services Inc, the company that operates www.Insurance-4-Trucks.com, a specialty insurance brokerage focused on the transportation industry, recently interviewed Matt Essary, the Vice President of Operations for one of the largest premium finance operations in the United States, US Premium Finance. Essary expressed his belief that the Fed will raise interest rates b...efore the end of the year and that this will trigger industry wide rate hikes on the loans trucking companies utilize to finance their insurance premiums. The overwhelming majority of trucking companies currently to not pay for their entire year's insurance premiums at policy inception. Instead, insurance agents setup premium financing so the trucking companies can pay their insurance premiums monthly. The good news for www.Insurance-4-trucks.com customers is that Beckett has vowed to not raise the rates on their customers. A major cost saving benefit Beckett hopes will attract more trucking companies looking to escape the 15%-19% interest rates competitors are expected to be charging by the end of the year. "We are realizing operating efficiency gains do to a rapidly increasing client base and thus are able to pass that savings on to our customers." adds Beckett.

Motor Truck Cargo insurance now available for truckers that do not have their own authority. Insurance-4-Trucks.com realized that many motor carriers are starting to require their owner operators to carry their own motor truck cargo insurance as primary coverage for cargo losses. This practice deviates from the industry norm of leased truckers taking care of their Non-Trucking Liability/Bobtail and Physical Damage. Insurance-4-Trucks.com is one of the very few insurance brokerages that can offer this coverage.

Information the government compiles on truckers affects truck insurance prices - The FMCSA (Federal Motor Carrier Safety Administration provides PUBLIC INFORMATION referred to as Behavior Analysis & Safety Improvement Categories or BASICs. There are seven categories for which the FMCSA compiles information. Insurance companies use this information to price insurance premiums. Insurance-4-Trucks.com utilizes one company for physical damage and cargo policies that shared how the BASICs affect their rates. Applicants with 2 warnings receive a 10% debit and a 25% debit if they have 3 warnings. So if you want to keep your insurance premiums low keep your Out of Service rates below the national averages.

Unladen Coverage - Coming Soon! Insurance-4-Trucks.com will soon be offering a new coverage. Unladen coverage provides broader protection than current Non-Trucking Liability products. This coverage will be offered only to Owner Operators who drive a commercial vehicle with two (2) axles and primarily will cater to RV haulers, double bottom dump haulers, double tank haulers and double agricultural haulers.