Tactics That Will Bring Your Truck Insurance Venture To The Next Level

The amount of variables that affect the cost of your truck insurance can be overwhelming. It can be based on whether you have a loan on your truck, your age, where you live, how you use your truck and other factors. This article can help you discover which factors affect you the most and how to choose the best coverage for your personal situation.

When considering what options you want to include with your truck insurance, be sure to see if towing insurance is something that you really need. Oftentimes towing is already included in certain types of accidents. If you belong to certain truck assistance agencies, they may already provide this coverage to you. Most often, it is not financially beneficial to include this extra.

Try and avoid getting points on your license. Speeding tickets and accidents can really cause your insurance premiums to run high. Traffic classes are a good way to remove points from your license, which can help lower your premiums.

When shopping for a new truck, be sure to check with your insurance company for any unexpected rate changes. You may be surprised at how cheap or expensive some trucks may be due to unforeseen criteria. Certain safety features may bring the cost of one truck down, while certain other trucks with safety risks may bring the cost up.

If you have a shiny new truck, you won’t want to drive around with the evidence of a fender bender. So your truck insurance on a new truck should include collision insurance as well. That way, your truck will stay looking good longer. However, do you really care about that fender bender if you’re driving an old beater? Since states only require liability insurance, and since collision is expensive, once your truck gets to the “I don’t care that much how it looks, just how it drives” stage, drop the collision and your truck insurance payment will go down dramatically.

With truck insurance, the lower your deductible rate is, the more you have to pay out of pocket when you get into an accident. A great way to save money on your truck insurance is to opt to pay a higher deductible rate. This means the insurance company has to pay out less when you’re involved in an accident, and thus your monthly premiums will go down.

Adding value to your truck is not a good thing, if you want to save money on your insurance policy. A nice stereo system, rims and tinted windows may look nice driving down the street, but this added value will be reflected in your monthly premiums. Keep it simple, if you want lower insurance payments.

If you have other drivers on your insurance policy, remove them to get a better deal. Most insurance companies have a “guest” clause, meaning that you can occasionally allow someone to drive your truck and be covered, as long as they have your permission. If your roommate only drives your truck twice a month, there’s no reason they should be on there!

Do not try to claim your truck is worth more than it really is. It’s tempting to think that in case of an accident you might end up with a check larger enough to go out and buy that luxury truck you’ve always wanted. It doesn’t work though because insurance companies only pay the fair market worth of your truck, not what you claimed it was worth.

If you don’t drive very far or very often, ask your insurance company if they offer a low mileage discount. Even if your primary truck is driven a lot, you can instead get this discount on any secondary trucks you might have that are driven less often. This can save you a bunch of money on your premiums.

Before purchasing a truck, check the insurance rates that come with it. The premium amount varies between different vehicles. This is because some vehicles are more accident prone than others. Also, if is is appropriate try to stay clear of purchasing trucks or SUVs. Insurance rates are much higher on them.

Be aware – there are certain aspects of truck insurance – which each state requires truck owners to have. It is important to know this because you do not want to get in trouble for not having these aspects. If you are unsure of what these requirements are, you may want to contact your truck insurance agent.

You can save money by increasing your deductible in case of collision. This means you will pay less every month, but will pay a more important part of the repairs if you get into an accident. If this is a risk you are willing to take, put some money aside.

You need to be sure that you are working with a reputable truck insurance company. There are many smaller truck insurance companies that claim to be able to give great coverage but in actuality, they cannot compete with the big insurance companies at all. You may not have the coverage that you think you have.

Look for group discount rates on your truck insurance. If you belong to any kind of trade organization, or have eligibility for group rates through any kind of group, such as your employer, you may be able to get a good discount on your rates. You may need to purchase your insurance through the organization to get the discount, so ask up front.

Truck Insurance

A great way to save some money on your truck or truck insurance is to drive your vehicle less frequently. Many of today’s best truck insurance companies offer discounts to customers for low-mileage, incentivizing people to keep their trucks parked. If you can walk instead of drive, you can get some good exercise and save money on your insurance.

As covered in the beginning of this article, the cost of truck insurance is all about variables. Certain things such as age and where you live can have a great effect on the cost of your insurance. The information put forth in this article can help you to find a way to get the most coverage for the least price.

Ideas For Getting The Most Out Of Your Truck Insurance

Truck insurance is offered by many companies and it is often hard to know which one is truly the right one for you. Hours of extensive research and reading prove to be helpful in determining the company that is right for you and your truck. The tips below serve as helping guidelines to aid you in your search for the perfect truck insurance.

When considering truck insurance for a young driver, be sure to provide the insurance company with all of the proof that may entitle the driver to a discount. This will ensure you are paying as little as possible, and also ensure that the process goes smoothly. Such discounts would be safety features of the truck, good grades, recent graduation, and having a safe prior record.

Truck insurance rates change rapidly and are very competitive, so the most aggressive way to make sure you are getting the best deal on truck insurance is to compare rates frequently. It is recommended you shop your current rate around approximately twice a year, to be sure you are continuing to get the best deal around.

If you truly don’t use your truck for much more than ferrying kids to the bus stop and/or to and from the store, ask your insurer about a discount for reduced mileage. Most insurance companies base their quotes on an average of 12,000 miles per year. If your mileage is half that, and you can maintain good records showing that this is the case, you should qualify for a lower rate.

Before you decide to purchase any truck insurance policy, one of the first things you should do is calculate your total mileage. Some people do not drive their vehicles that often, and they may be privy to certain discounts if they only use their trucks for work use or other limited uses. Driving less means you are less of a risk.

Purchase a high quality “safety-rated” vehicle to get lower premium rates. These vehicles are known to be the safest on the market, so insurance companies will give you a bit of extra credit if you are driving one. Look for sedans and family trucks, as they are usually the ones with the best ratings.

When adding a member of the family to your insurance plan, check and see if it may be cheaper for them to get covered separately. The general rule of thumb is that it is less expensive to add on to your policy, but if you have a high premium already they may be able to find cheaper coverage on their own.

Take a course on safe driving. First, you will want to check and see if your truck insurance provider offers any discounts for safe driving courses. Many do. Having taken one might qualify you for a discount. The courses themselves are not very expensive and usually do not take more than a week or two to complete.

Check into how much you would save by using the same insurer for both your home and your truck. Some companies offer a discount if you have multiple policies with them. The majority of companies today do insure a variety of items, so it is a good idea to look into the possibility.

Check your own driving record. Obtain a copy of your driving record and go over it. Truck insurance providers will be checking your driving record and will determine how much to charge you from that information. Check your driving record for any errors. Errors sometimes happen and you don’t want to end up paying more because of them.

If you are having a difficult time paying for your truck insurance when it is due, you should ask the company for an extension on the due date. Some insurance companies are willing to work with their customers during hard financial times. They may allow you to take an extra month to make the payment.

One potential source of insurance savings you may not be aware of is a commuter discount. This is a discount offered by some insurance companies to drivers who make use of public transit options for their work commute. If your insurer offers such a discount and your transit system and schedule allow it, you could save significantly on truck insurance.

Throw in the towel with your current insurance company and find a new one. Sometimes, even when you try to do all you can to get your rates down with your current insurer, you can still beat that rate with a different insurance company. Truck insurers try to attract new customers with lower rates, but they do not reward curent customers for loyalty. Chances are, new customers are paying less than you for the same coverage. It costs nothing to get quotes from other companies, so why not?

You should know when it comes to truck insurance that your age, gender, and driving history affect your premiums. Amongst these the only one you can control is your driving history, so you should aim to keep your driving history as pristine as possible in order to keep your premiums as low as possible.

If you want to get cheap rates on your truck insurance one of the things that you can do is to add an older driver to your insurance coverage. Most insurance companies decrease premiums taken by younger drivers if an older driver is on the same insurance coverage. This is because older drivers tend to drive safer than younger drivers.

Truck Insurance

A great way to save some money on your truck or truck insurance is to drive your vehicle less frequently. Many of today’s best truck insurance companies offer discounts to customers for low-mileage, incentivizing people to keep their trucks parked. If you can walk instead of drive, you can get some good exercise and save money on your insurance.

The article’s beginning mentioned that reading and doing your end of the research is always a good way to start finding the right truck insurance company for you. Using the tips above is a sure way to help you on your way to success with the perfect truck insurance company that covers everything you need it to.

Aperia names Fontaine Modification preferred installer

BURLINGAME, Calif. – After thousands of installations, Fontaine Modification has earned the title of preferred installer of Aperia Technologies’ Halo Tire Inflator and Halo Connect technology.

The company will provide installation services for customers across North America.

“Fontaine Modification has installed the Halo Tire Inflator on thousands of vehicles over the past two years,” said Josh Carter, CEO of Aperia Technologies. “This expanded agreement allows fleets to have our full product suite installed via Fontaine’s impressive network.”

“As a company dedicated to fleet efficiency and environmentally sustainable fleet management, we are pleased to support installation of Halo and Halo Connect as the leading tire inflation solutions for tractors and trailers in North America,” added Jamil Young, president, Fontaine Modification’s medium and heavy truck operations division.

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Cummins unveils 2021 engine lineup

COLUMBUS, Ind. – Cummins has unveiled its 2021 X12 and X15 engine lineup, expanding the use of several features that have been limited to X15 Efficiency Series engines.

Fuel economy and oil drain intervals are experiencing a boost as well.

“Both the X15 and X12 share a market-leading 75,000-mile (120,000-km) interval for trucks getting seven or more miles per gallon (33.6 L/100 km),” said John Malina, executive director – sales for Cummins North American engine business, during a press briefing.

“Many customers of the X15 Performance Series will also see extended intervals in 2021. We’ve increased the oil change interval by 10,000 miles (16,000 km) for customers getting six to seven miles per gallon (39.2-33.6 L/100 km), as well as those getting five to six miles per gallon (47-39.2 L/100 km).”

The longer drain intervals largely come courtesy of the data collected through earlier oil analyses efforts, and the confidence the data brings.

The Cummins Oil Guard oil analysis program can even see trucks reach up to 100,000 miles (160,000 km) before needing an oil change, when using approved lubricants.

Added fuel economy

Specific fuel economy is admittedly tough to target, given the varied applications for these engines. But the X15 Efficiency Series enjoys 3.5% better fuel economy compared to its 2019 predecessor, said Nick Roth, director – national accounts.

Engine buyers who need more than 500 hp will see a 2% fuel economy boost in the X15 Performance Series, while base hardware changes in the X12 will see fuel economy increase 2.5% there. Compared to the ISX12, the latest X12 will see 8.5% better fuel economy, Roth said.

“For customer with older equipment, most product improvements within the same system architecture can be retrofitted for the best-possible trade-in value.”

Added engine performance

New EX ratings available for the X12 engines in linehaul and regional applications will include features that had been limited on the X15 – including on-ramp boost (a Cummins exclusive), predictive engine braking, predictive gear shifting, and dynamic power, said RaNae Isaak, powertrain and total cost of ownership consultancy leader.

Locating ramps using GPS signals, on-ramp boost trades off fuel economy in the name of maximum torque and a performance-focused shift schedule before hitting the highway itself.

Predictive engine braking can engage engine brakes to maintain speed, and predictive gear shifting matches the gear for the terrain ahead. Dynamic power, meanwhile, adjusts torque so lighter vehicles can operate like their heavier counterparts on grades, improving fuel savings for those who haul varying or diminishing loads.

“The previous adaptive features that required a unique engine calibration will be automatically enabled for the X12 EX ratings, so fleets will have access to additional efficiency-focused features like Smart Coast and Smart Torque 2 by default. Customers will still have access to these features in non-EX ratings. They simply can enable them after delivery,” Isaak said.

A new web-based tool known as Power Spec Web can be used to spec’ powertrains on the front end, adjust select features, and analyze driver performance through a reporting function. In the past, such reports required a PC-based software tool.

“A website with a URL location is a lot easier than someone downloading software,” she said.

More than skin deep

“When you look at the engines, you might notice some slight external modifications, but the bulk of what’s changed was internal components,” said Kris Ptasznik, heavy-duty on-highway product manager.

And changes to the X12 were still achieved while maintaining a 2,050 lb. weight.

“We’ve improved engine breathing, increased (the) compression ratio, and reduced friction losses through modified ring packs, to improve overall efficiency. We also offer an optional longer fuel filter that extends maintenance intervals to match market-leading oil drain intervals already available with the 2020 X12,” Ptasznik said.

The EX ratings for the X12 come to the engine courtesy of an updated ECM.

There’s also an option to reduce engine noise at idle with the help of an air compressor resonator, which has traditionally been limited to the X15.

Some of the updates to the X15 Performance Series were targeted for overseas customers, but buyers in North America will benefit as well. A larger thrust bearing, for example, means added durability for everyone, even though it’s largely needed to address particularly challenging road conditions in other regions.

“There’s no sense carrying two different base hardwares just to make that happen,” Ptasznik said.

Engineers are leveraging the engine’s EGR flow to help with engine braking, and like the X12 this powerplant will come with the new ECM and Cummins Acumen connectivity module that offers software updates, diagnostics, and Connected Advisor tools.

“We improved the air handling system for better compression ignition and engine efficiency. At the same time, we focused on reducing parasitics and frictional losses by improving the power cylinder, reducing the water pump speed, and resizing some critical components,” Ptasznik said.

Engine noise is also reduced at idle, while engine shutdown is enhanced as well, Cummins says.

Select powertrain features like Smart Coast, predictive cruise control, and a predictive road speed governor also come to X15 engines above 500 hp.

Power to come

While many power-related discussions currently focus on the future of battery-electric and fuel cell technologies, the manufacturer still sees a clear path for diesel.

“The mass customer in heavy-duty North America will continue to need a differentiated diesel that operates in their duty cycles and applications,” said Brett Merritt, vice-president of Cummins’ on-highway engine business.

The company challenged industry norms around diesel engines a century ago, unveiled natural gas engines in the 1960s, and 10-15 years later offered hybrid options, he said.

But it’s not stopping there. Five years ago it unveiled battery-electric systems, and hydrogen fuel cells are coming in the next few years.

“We think fuel cell will be a real option, particularly in certain applications,” Merritt said, referring to transit buses and heavy-duty trucks among them. The heavy-duty trucks to come late next year will plant some of the early seeds for such systems, he said.

“Electric, for a linehaul application, is not very good. How do you charge it, how do you possibly have that many batteries?”

The diesel power offerings must continue to evolve as well, as engineers explore the needs of 2024 emissions targets.

The challenges there will go beyond the lower NOx levels, Merritt said, referring to issues like warranty considerations that need to be addressed.

“We’ll have a full suite a products,” he promised.

“We’re in the market. Stay tuned.”

Full production of the 2021 product lineup begins Jan. 1.

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ECONOMIC WATCH: Renewed fleet confidence fueling stronger Class 8 truck demand

BLOOMINGTON, Ind. – Fleet confidence has returned in the form of strengthening Class 8 truck orders, which surged in September to 32,000 units according to preliminary data from FTR.

That’s the highest total since October 2018, up 55% from August and 160% year-over-year, FTR reported.

Orders come from both replacement and expansion demand, according to the industry forecaster.

“The Class 8 truck market continues to recover faster and better than expected. This strong order volume suggests fleets believe there will be steady freight growth going forward. Rates have improved, so carriers have the cash, and now they also have the confidence. When you combine those two factors, orders tend to surge,” said Don Ake, vice-president of commercial vehicles.

“There was considerable pent-up demand in the market, as orders sank in the March to May time period. So, trucks that would have normally been ordered then, are being ordered now, since much of the risk has passed. The order volume is very close to August’s trailer orders; therefore, it appears that the fleets took care of their trailer needs first, and then caught up to the truck side in September.

“Ordering for 2021 deliveries will begin in earnest this month, so the industry has solid momentum going into the fall ordering season. This is still a risk-filled environment, with some of that uncertainty having intensified recently. But many fleets are focused on future business prospects and are willing to assume the short-term risks for long-term gains.”

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Bendix takes over brake joint venture with Dana

ELYRIA, Ohio – Bendix Commercial Vehicle Systems has bought Dana out of their Bendix Spicer Foundation Brake (BSFB) joint venture.

Dana had controlled a 20% interest in the joint venture.

Bendix says it will immediately incorporate the wheel-end business and change the name to Bendix Commercial Vehicle Systems effective Jan. 1, 2021.

The JV has been in place since June 30, 2004.

“This change is a natural next step in our business growth in North America and around the globe. It comes as Knorr-Bremse and our North American-associated company, Bendix, continue to pursue our strategic agenda to further strengthen our position as global market leader in the commercial vehicle wheel-end brake business,” said Dr. Peter Laier, member of the executive board of Knorr-Bremse AG responsible for the Commercial Vehicle Systems division. “Knorr-Bremse and Bendix are uniquely qualified to carry the wheel-end business forward as a part of our focus on enhanced traffic safety on the roads in North America and around the world.”

Mike Hawthorne, president and CEO of Bendix, added, “Bendix and Dana have enjoyed a strong and vibrant partnership as we have successfully guided the strategic path of the joint venture for the past 16 years. Now we look forward to continuing that relationship as we undertake other joint projects and initiatives. As it was with the formation of BSFB, there are considerable mutual benefits when industry leaders collaborate; we anticipate the future will hold exciting opportunities for both of our companies.”

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Pilot program could see 18-year-old truck drivers cleared for interstate trips

WASHINGTON, D.C. – U.S. regulators are taking a key step toward a pilot program that would see truck drivers as young as 18 operating commercial motor vehicles for interstate commerce.

While CDL holders under the age of 21 can drive trucks in 49 states and the District of Columbia, their trips between jurisdictions are restricted. For example, the younger drivers can complete a trip between Houston and El Paso, Texas, but not complete an extended journey across several states.

Public comments about the proposal are now being collected by the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA).

The pilot project would be limited to 18-20-year-old CDL holders taking part in a 120-hour probationary period and subsequent 280-hour apprenticeship program established by an employer, or 19-20-year-old commercial drivers who have operated in intrastate commerce for at least one year and 40,000 km. Participants wouldn’t be allowed to operate vehicles transporting passengers, haul hazardous materials, or operate special configurations.

The idea was first proposed in May 2019, as regulators began to ask questions about the required training, qualifications, driving limitations, insurance, and vehicle safety systems, among other topics.

“This is a significant step toward improving safety on our nation’s roads, setting a standard for these drivers that is well beyond what 49 states currently require,” American Trucking Associations (ATA) president and CEO Chris Spear said on Friday in a bulletin for members.

“The pilot program would require drivers to meet safety and skill requirements far and above current standards.”

They won’t be the first young drivers cleared for interstate commerce. The latest proposal builds on a similar project unveiled in July 2018, which involves 18-to-20-year-olds who completed heavy vehicle training while in the U.S. military.

Research by the U.S. National Highway Traffic Safety Administration supports the idea that younger drivers can be safe. In the years 2012-17 studied for Traffic Safety Facts: A Compilation of Motor Vehicle Crash Data, male drivers from 16-20 had a lower involvement in fatal crashes than those from the ages of 21-24. However, an Insurance Institute for Highway Safety (IIHS) look at 2017 data found that drivers aged 18-19 were 2.3 times more likely than those 20 and older to be in a fatal crash.

Interest in allowing younger drivers hasn’t been limited to the U.S.

Quebec has trained hundreds of youth in pilot projects of its own, and is currently preparing legislation that will allow truck drivers as young as 18. That legislation is expected to come into effect this fall.

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Trimble tool holds truckers accountable

SUNNYVALE, Calif. – Collecting data is the easy part, but the information is useful only if we can analyze and make sense of it to reduce risks.

That was the message at a Trimble Transportation webinar Wednesday on using analytics to elevate driver compliance, safety and accountability. The session was held on the third day of Trimble’s virtual user conference.

Senior product manager Mike Soricelli said what matters is how can we turn the data into actionable items to increase safety.

“With many data points available, it can be difficult to determine what data is useful and how to confidently analyze it to make effective decisions,” he said.

Soricelli said Trimble’s Video Intelligence and Safety Analytics portal simplifies big data so fleets can properly coach and hold drivers accountable on speeding, behavior, hours-of-service (HoS) compliance and fatigue.

He said the platform has the ability to import various data inputs into an easy-to-read dashboard, making it simpler for fleets to identify potential risks, whether it is related to driver behavior or fatigue.

And speaking of fatigue, Soricelli said Trimble has partnered with Pulsar Informatics to deliver a fatigue monitoring and risk management solution.

He said Pulsar has done work for the U.S. space agency NASA, and also has a project going right now with the U.S. Federal Motor Carrier Safety Administration (FMCSA).

The FMCSA estimates that driver fatigue may be an associated factor in 13% of accidents involving commercial trucks.

“Eighteen hours without sleep is like having a blood alcohol content of 0.05. That is crazy when you think about it,” Soricelli said.

“So, when you think about the amount of time drivers spend on the road and how much sleep they are getting, fatigue definitely plays a significant factor into that driver behavior.”

The Trimble portal constantly monitors and updates driver fatigue, and that information is available in real time to carriers, he said.

The portal also offers a printable driver scorecard, which Soricelli said is a great way to establish key performance indicators.

The Trimble analytics tools are optional. They can be customized to fit the needs of all fleet sizes, Soricelli said.

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NATDA cancels Nashville trailer show

ST. PETERSBURG, Fla. – Covid-19 has claimed yet another trucking industry event.

The North American Trailer Dealers Association (NATDA) said Friday it has been forced to cancel this year’s NATDA Trailer Show in Nashville, Tenn.

In its place, NATDA will launch a three-week virtual event starting Oct. 26, the group said.

“Unfortunately, recent developments, including bar and restaurant closures, state-to-state restrictions and citywide phase extensions, convinced us there’s no way to maintain our physical show during these incredibly unpredictable times,” said president Andy Ackerman.

“After speaking to hundreds of dealers, a strong majority felt they simply were not ready to venture to Nashville under the current circumstances.”

More information about the virtual show will be announced in the coming weeks, NATDA said.

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Don’t rule out clean diesel: DTF

WASHINGTON, D.C. – New-generation diesel-powered trucks are vital in achieving near-term climate and clean air goals, the Diesel Technology Forum (DTF) said, in response to a 15-state mission to achieve 100% zero-emissions commercial truck sales by 2050.

“While the recently announced MOU (Memorandum of Understanding) takes a long view for commercial trucks in the region to be all electric, there are equally important proven and available near-term opportunities to advance progress for cleaner air and lower greenhouse gas emissions right now,” said Allen Schaeffer, executive director of the DTF.

“Rapidly accelerating the turnover of the existing fleet to the newest generation of diesel technology as well as expanding the use of low-carbon advanced biofuels can deliver benefits today, and should not be overlooked.”

The Forum points out diesel is the primary fuel choice for the trucking industry because it’s the most energy efficient internal combustion engine, has superior power density and driving range, is reliable and durable, and widely available fueling infrastructure already exists. The fuel can now deliver near-zero emissions.

“Since 2010, a new generation of diesel technology has become the standard for heavy-duty trucks, delivering reductions of 98% of emissions of particulate matter and nitrogen oxide emissions,” Schaeffer added. “Getting more of this generation of vehicle into the hands of truckers now will pay large benefits in terms of lower emissions of nitrogen oxides and particulate matter, particularly trucks operating in the most sensitive communities.”

The 15 MOU states and the District of Columbia, currently have a 43% penetration of the latest diesel engine technologies, the Forum pointed out, adding “57% are of an older generation that have higher emissions and lower fuel efficiency, making the opportunity for accelerating turnover substantial.”

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