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What insurance does a food truck need?

There’s no doubt that a food truck is a great addition to any business. Whether it’s for fundraising, brand awareness, or to be a restaurant on wheels, food trucks are popping up all over the place. But operating a food truck requires insurance. A food truck business is a new and exciting undertaking. One day […]

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How much is food truck insurance?

Owning a food truck means you have more freedom and flexibility than you could hope for. But it also means a lot more responsibility, namely a responsibility to insure your business. You can save money by purchasing a food truck insurance policy through your insurance company or through one of the online providers. Because food […]

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Do truck drivers get health insurance?

One of the biggest concerns for anyone making the leap from the corporate world to the open road is health insurance. As a truck driver, your health insurance is covered by your company, but you still need access to a health insurance provider if something goes wrong while you’re on the road. Many trucking companies […]

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What kind of insurance do I need for a food truck?

What kind insurance do you need for a food truck? This is a question we get all the time from people who are curious about launching a food truck. There are a variety of options when it comes to insurance for food trucks, but the basic idea is that while your food truck may be […]

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What does non trucking insurance mean?

Non trucking insurance is the term for insurance that provides coverage to a person or entity who is not hauling goods. In other words, non trucking insurance is a policy that covers you if you are driving your personal vehicle. Understand the policy: Always review your non trucking insurance policy before you hand over any […]

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Refrigerated Truck Insurance – 10 Tips to Save You Money

Refrigerated truck insurance has become a necessity for many businesses. As the popularity of the cold storage industry continues to grow, more and more refrigerated trucking policies have become necessary for businesses. Refrigerated trucks are designed to keep products fresh for long periods of time. They are often used for transporting perishable goods such as […]

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5 Reasons to Consider Dump Truck Insurance

If you own a business that uses a dump truck often, you will need dump truck insurnce.  As a driver, you’re responsible for observing the traffic laws and obeying safety regulations. So, if you neglect to scan your mirrors or you don’t check your blind spots before driving, you could end up causing a serious […]

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7 Things You Need To Know About Garbage Truck Insurance

A Few Things You May Not Know There are many reasons for getting garbage truck insurance. First and foremost, it’s the law. You need to have this type of coverage on your garbage truck in order to haul garbage or recyclables in a commercial capacity. However, there are also plenty of other benefits to getting […]

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Tow Truck Insurance

Whether you are self-employed or part of a larger company, tow truck insurance is necessary because the risks associated with operating a tow truck company can be significant. Owing to the nature of this business, you will be responsible for the safety of your employees, customers, and the general public. That’s why it’s important to […]

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Insurance Tips To Play It Safe

Truck insurance can be very intimidating to someone who has never dealt with it before. It can easily lead to an overwhelming feeling because of all of the information available. Below are some tips to assist you in getting all of this information organized to the point where you can start looking for a good truck policy.

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.

Check out your state’s minimum insurance guidelines, and follow them. Some states only require you to have liability coverage, but others require personal injury as well. Make sure you know your state’s practices so that you do not fail to meet them, and end up with a ticket for not having enough coverage.

For older vehicles, remove comprehensive and collision coverage. These options are best saved for newer vehicles, as they pay for repairs and damages caused by accidental damage and other issues. If you remove them, your premiums will be much cheaper and you will still be covered in the event of an accident.

Keep a camera in your truck at all times. In case of an accident, you are going to need documentation for your insurance company. Take photos of the accident from all angles, and make sure to include time and date stamps on them. Take these to your agent when you file your claim.

When you are shopping for truck insurance for your teenage driver, get quotes for both adding him or her to your insurance and for buying a separate insurance policy. In general it will be cheaper to add a new driver to your current insurance, but there may be circumstances when it is less expensive to buy a separate policy.

Having a alarm, truck tracker or other theft deterrent installed on your truck can save you money on your insurance. The possibility of your truck getting stolen is part of the calculations that go into your insurance quote. Having a theft deterrent system means that your truck is less likely to get stolen and your quote will reflect that.

Keep your insurance updated with who is actually driving your truck. A lot of parents forget to take their children off of their insurance even after they have moved out and gotten coverage of their own. The more drivers on your policy the more you are paying so make sure and keep it up to date.

In order to save money, consider switching from a monthly payment plan to a yearly or semi-annual payment plan. If you’re currently paying premiums by the month, you may be paying extra for the additional handling required to process your monthly payments. If you can afford to pay your premiums up front for a year, for example, you may gain significant savings.

It can be difficult to decide how much insurance you actually require. The figures can be confusing, and you may be left wondering how much is enough. Likewise, you need to consider the cost of resulting medical bills, as well as the expenses you will incur if you are found liable for an accident. Having enough coverage to be safe is worth the price.

Smart drivers hunting for truck insurance bargains familiarize themselves with all of the different varieties of insurance available. A driver who lacks a thorough understanding of the types of coverage will find it very hard to save money. Conversely, the driver who knows the various coverage types thoroughly can eliminate unnecessary coverage with confidence.

In the truck insurance market, consider these three factors, they will have the most to do with the rate you get. You, your vehicle, and your garage location are the main considerations in where your truck insurance rate is set. Though some of the factors are static, most are dynamic, and can improve with time.

Before you buy a policy from an insurance agency, search the Better Business Bureau’s website to track their customer satisfaction rating. If you find that they are not up to par with other companies’ standards this will give you valuable information and help you decide if they are the right company for you.

If you have any outstanding traffic or parking tickets, be sure to pay them before switching truck insurers. There is no reason you should not clean up your driving record, and you can be certain that insurers are going to examine it carefully. You should do this anyway, and it will help reduce your premiums.

Don’t buy a minimum-liability policy unless it is your only option. Minimum coverage limits mandated by state insurance boards are usually too low to protect your assets if you are found to be responsible for an truck accident. Standard-liability policies cost only a little more but cover a much larger dollar amount per accident, giving you much better protection against lawsuits.

To keep your truck insurance useful and stress-free, make sure you have at least the deductible saved up in an account somewhere. It doesn’t matter how great a driver you are if someone else hits you and they are uninsured. Your insurance is there to cover you, but not for the first few hundred or thousand dollars.

Commercial 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.

Hopefully, these tips have provided you with some very valuable information, as well as given you a way to organize all of the thoughts and information you may have already had on truck insurance. Keeping these tips in mind when you start looking at policies can help you get a good truck policy without losing money.

The post Insurance Tips To Play It Safe appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/insurance-tips-to-play-it-safe/

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Truck Insurance Tips That Can Help You Out

It is necessary for every person who owns a truck to buy truck insurance. When selecting an truck insurance plan is important to find a plan that fits your needs and does not cost you more money than it should. You should take the time to educate yourself about the different types of truck insurance that are available. The following article is a great way to start.

As you age, check with your truck insurance company about discounts. If you have a long history of safe driving habits, your age might qualify you for further rate reductions. Most insurance companies have a sweet spot around fifty five to seventy years of age for age-related discounts on their policies.

When your children leave home permanently, take them off your truck insurance policy. It can be hard to accept, but once your children move out, they’re adults and responsible for their own insurance. Removing them from your insurance policy will save you a significant amount of money over the course of the policy.

To save money on your truck insurance with a teenager in the house make sure that you only add them to the cheapest truck in your driveway. Insurance ratings and prices are based on the risk the company estimates that it would have to pay out in the event of an accident.

To lower the cost of your insurance, you should pay attention to the kind of truck that you wish to buy. If you buy a brand new truck, insurance will be very high. On the other hand, a used truck should allow you to get a lower rate, especially if it is an old model.

A simple way to save a bit of money on your truck insurance, is to find out whether the insurance company gives discounts for either paying the entire premium at once (most will give you a small discount for doing this) or taking payments electronically. Either way, you will pay less than shelling out each month’s payment separately.

If you can decrease your annual mileage, you can expect a decrease in cost for your truck policy. Insurance companies normally estimate that you will drive around 12,000 miles per year. If you can lower this number, or are someone who does not drive that far that often, you may see a reduction. Be sure that you are honest about your miles since the insurance company may want proof.

Only allow repair companies to use quality parts on your vehicle. Some repair shops will attempt to charge your insurance company for high-priced parts while actually giving you lower quality ones. Double check to make sure you are getting the highest quality parts that go with your vehicle, because that is what the insurance company will be charged for anyway.

Never drive your truck without liability insurance. This insurance type can save you a lot of money as the insurance company pays the damages you caused to someone. Without this insurance type, you would be liable for all the costs. Choose the coverage that is right for you and your unique situation.

If you plan on buying a new truck but want to keep your insurance rates low, buy a cheaper truck. The more expensive a truck is to repair, the more money your insurer will require from you. You will save money both in buying a lower priced truck and in insuring it, keeping it safely in your pocket.

If you have more than one vehicle, make sure all of your policies are in the same place. This make it much easier to keep track of. More importantly, you might be able to save a little money. The more policies you have with one insurance provider, the more likely you are to qualify for certain deals and discounts.

If you do not drive that many miles each year, look into the low-mileage insurance for your truck. If you put less than 12,000 miles on your truck each year and do not have the low-mileage insurance, you may be losing out on a good bit of extra money each month.

Senior citizens can benefit from the discounts that are available from their truck insurance company. These discounts typically kick in at age 55 or 60. You have to request that your insurer add these discounts onto your insurance, as they will not do it automatically. It could save you as much as ten percent on your premium.

If you are a newlywed, have your truck insurance policies combined. Companies offer something called a “multi-truck discount”�, which means that you will save money just by putting your trucks on the same plan. If the two of you don’t have the same insurance company, consider changing one of your policies.

Start trucking. Many truck insurance providers will charge you less if you do not drive your vehicle often. If you drive less than 7,500 miles a year, your premiums might be significantly lower. If you are unable to trucking, try taking the bus or some other form of public transportation.

Be sure to contact many different insurance providers for quotes. Have them explain the exact coverage that you will get for the price, this way you will be able to compare apples to apples. By comparing prices like this you can save yourself quite a bit of money, because different companies have different rating systems and they can offer surprisingly varying prices.

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 was stated in the beginning of this article, before buying truck insurance you should take the necessary time to educate yourself on the different types of truck insurance available to you. If you know the type of coverage you need and the amount of money you can afford to spend, then finding the right truck insurance is not so difficult. Apply the advice from this article and you should be able to get yourself quality truck insurance at a fair price.

The post Truck Insurance Tips That Can Help You Out appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/truck-insurance-tips-that-can-help-you-out/

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Knowledge That Can Save You Money On Truck Insurance

You cannot go anywhere without somebody giving you their advice about truck insurance. You do not know if they are telling you good information or just what they might have picked up on from unknown sources. If you want the real information and want to be your own expert on the subject, this article is for you.

Saving money on truck insurance does not have to be a difficult thing, especially if you are loyal to the same company. Most policies are only for a term of around a year, so make sure you re-up with the same company. If you show loyalty to the insurer, you will be rewarded with lower monthly premium payments.

Never inflate your vehicle’s value when you sign up for insurance. Doing this only costs you more money, in the form of higher premiums. In the case that you would need a replacement vehicle, the insurance company would only use their value for your original truck, not what you initially quoted them.

If you are a young driver with a high rate, add a responsible older driver to your policy to help get it lowered. Insurance companies look at the age of the drivers, as well as, their driving records, so adding someone over the age of thirty, who has a clean record, will quickly drop your premiums.

Stay far away from vehicles with the word “sport” included on them. Anything that goes fast is viewed negatively by insurance companies, as these can influence drivers to take more risks, which in turn costs them more money. Steer clear of sporty vehicles unless you want your premiums to get higher.

With other expenses already so high, it is a good idea to drop some of those after-market upgrades that only add to aesthetic value. Although heated seats or an upgraded stereo may improve the quality of your truck ride, these are unnecessary add-ons. If your truck should happen to be stolen or totaled, those cost of those additional items will not be covered.

Check and see if your truck insurance provider offers any low-mileage breaks. If you do not drive your truck often, this could end up saving you a fair amount of money. There is no harm in asking your provider whether they offer something like this and whether or not you qualify.

To make sure you’re getting fair pricing in your premiums, verify that your reported information is accurate in your policy. For example, ensure that the make/model of your vehicle is correct, the number of miles on the vehicle when you took out the policy, etc. Even your reported commuting distance is important as shorter commuting distances can have a positive effect on your premium savings.

If you are looking for truck insurance, be sure to research and compare insurance providers to find the best policy for you. Doing your research will not only save you money on premiums, but will also give you peace of mind knowing that you are dealing with a trusted, reputable insurance company.

Shop for truck insurance yearly. Even if you have no intention of changing policies, or providers, take the time to compare your rate. You can often find savings within the insurance organization you already use, but you will not know to ask without good backup information. Question big rate disparities.

Be aware of what your FICO score is and know how to change it if you want to save big on your truck insurance. Truck insurance companies are using your FICO score to determine just how much of a risk you pose to them. Having a poor score will mean you pay more. It’s as simple as that. So check your score and learn how to improve it.

When trying to get affordable truck insurance, keep in mind your state’s minimum liability coverage requirements. You need to know what minimums to obtain so that you can get a policy that matches these particular minimums. You can find a list of your state’s minimums at your state’s insurance commissioner’s website.

It has a “consumer complain ratio” that may be provided by insurers for your state. This number indicates the percentage of claims filed with a particular provider that results in a complaint.

To get the best rate on your truck insurance, it is important to shop around, even if you are happy with your current insurance provider. If other companies are offering significantly lower rates for the same insurance coverage, then take that information back to your own provider and use it to negotiate a better rate.

Always have a new policy lined up before you cancel an insurance policy. Otherwise, you could end up with a lapse of coverage. Even a lapse of a single day can raise your truck insurance rates significantly. The new company will be able to set up your policy to match up with cancellation of the old policy, so you don’t overpay.

Compare rates before you buy. Different companies can charge vastly different rates for the same coverage, depending on how heavily they weigh such factors as your age, driving history, and credit history. Checking prices at a comparison site can help you save hundreds of dollars per year on truck insurance.

When shopping for truck insurance, first do some quote shopping online. Find a site that offers quotes from several companies so that you can compare prices and types of coverage. If you see a company you do not recognize, call the Better Business Bureau to make sure there are no complaints about failure to pay etc.

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.

In conclusion, it can be trying to listen to so-called experts give you their opinion on truck insurance. The tips and tricks in this article have been widely proven time and time again. Hopefully this article will help to either clear up what you were unsure about, or give you some new information.

The post Knowledge That Can Save You Money On Truck Insurance appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/knowledge-that-can-save-you-money-on-truck-insurance/

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Simple Steps To Follow In Shopping For Truck Insurance

You may be looking everywhere for the best truck insurance information available. Look no further. There are so many ideas, it is hard to tell what is the right information. Being educated will go far in helping you on your way. Below you will find the very best truck insurance tips.

Consider using liability coverage when shopping for truck insurance. This is the lowest available coverage options required by law, and it is also the cheapest option. If you do not have a truck that is worth a lot of money, this option may work for you. If you have an accident, your truck will not be covered.

Add your spouse to your insurance policy. Insurance companies are notorious for wanting stable and responsible customers. Adding your spouse to your policy signifies that you have become more stable and reliable, and many companies will lower your rates just for that reason. If your spouse has a clean driving record, that can help lower your rates as well.

It is prudent to shop around when you are looking for truck insurance, as this is a fiercely competitive industry. Rates can vary dramatically from one company to the next. Shop around for rate quotes at least annually in order to know you are not paying too much. When comparing quotes, be certain the degree of insurance offered is identical.

When buying truck insurance, consider what coverage you actually need against what coverage is being recommended by the agent. If your truck is worth less than about five thousand dollars, collision coverage is probably costing you more than what would pay out in an accident. However, property liability coverage is vital, as it protects you against having to pay out for damage to another party’s truck or other property.

Don’t allow inferior parts to be used to repair your truck, and it will last longer. Some insurance companies may send you to a repair shop that doesn’t necessarily have your truck’s best interests in mind. Make sure that they use parts directly from the manufacturer to ensure a perfect fit and that they meet federal safety standards.

To get the best price on your truck insurance policy, make sure that the one you currently have includes correct information about your vehicle. Double check the listed age and make of your truck and look to see that the mileage they have is right. Make sure that any special circumstances, such as a short drive to work, are mentioned.

If you have a good health insurance that will cover any cost linked to an injury sustained in a truck accident, you can save money by dropping the medical payment features of your truck insurance. You should read carefully your health insurance policy to make sure you are covered for everything.

If your insurance contacts you about an increase in your premium, find out if it is justified or not. A practice known as data mining is used by certain unethical companies: they refer to a consulting firm that will create fake data that would justify an increased premium. If you catch your insurance company doing this, switch immediately to another one.

Make sure you are getting all the discounts available to you. If you have other insurance, such as home insurance or an umbrella policy, you may be eligible for a discount based on this. You may also get a discount if you are over 25, married or a college student.

Buy your insurance through the internet. Sometimes companies offer lower rates if you sign up for their service online, and some companies have deals available online only. This is because the service is automated and you don’t have to deal with an agent. You may see rates reduced up to 10% or more.

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.

If you want to save even more money, check into getting all your insurance needs through the same company. Most insurance companies will offer a discount on their insurance if you have more than one policy with them, such as your homeowner’s insurance or renters’ insurance. This can reduce your rates.

When you are looking into different truck insurance policies, be sure you understand the meaning of different coverage types and terms associated with them. Many states have required amounts you need for different coverages, so be sure you understand what is required for your particular state so you aren’t considered underinsured. If something isn’t clear, always ask your insurance company representative.

It should really go without saying, but you should never leave an accident unreported to your insurance company. If another victim in the accident makes an insurance claim or a police report is filed, the chances that your insurance company will catch wind of it rise exponentially. While an accident you report might raise your premiums, an unreported one definitely will – and by much more.

A great tip for affordable truck insurance is to consider the possibility of increasing your deductible. If you have a higher deductible, you will not have to pay as much interest. However, you should make sure you have enough money set aside in case of emergencies before raising your deductible.

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.

Now you can revel in your new-found knowledge concerning your current truck insurance decisions. There is no reason to feel at all intimidated. You conquered the first obstacle, which is generally educating yourself. Keep all of these tips in mind, and you will have an easy path to truck insurance understanding.

The post Simple Steps To Follow In Shopping For Truck Insurance appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/simple-steps-to-follow-in-shopping-for-truck-insurance/

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GM drops Nikola investment, drafts new MoU

PHOENIX, Ariz. – Nikola has entered into a non-binding Memorandum of Understanding with General Motors, replacing the previous transaction announced Sept. 8.

Under the agreement, GM’s Hydrotec fuel cell system will be integrated into Nokola’s Classes 7 and 8 commercial trucks. Nikola will begin testing of the prototypes by the end of 2021, with beta prototypes expected to hit the road in the first half of 2022.

GM and Nikola will also discuss potential for the use of GM’s Ultium battery system.

“We are excited to take this important step with GM, which provides an opportunity to leverage the resources, strengths and talent of both companies,” said Mark Russell, CEO of Nikola.

“Heavy trucks remain our core business and we are 100% focused on hitting our development milestones to bring clean hydrogen and battery-electric commercial trucks to market. We believe fuel-cells will become increasingly important to the semi-truck market, as they are more efficient than gas or diesel and are lightweight compared to batteries for long hauls. By working with GM, we are reinforcing our companies’ shared commitment to a zero-emission future.”

The new MoU does not include GM taking an equity stake in Nikola, or in taking over development of the Nikola Badger. Nikola will refund all order deposits for the Badger, which was dependent on an OEM partnership.

Source

The post GM drops Nikola investment, drafts new MoU appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/gm-drops-nikola-investment-drafts-new-mou/

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WIT, CarriersEdge plan Diversity and Inclusion Index

PLOVER, Wis. – Women in Trucking (WIT) is teaming up with CarriersEdge to take a deeper dive into exactly what diversity and inclusion look like in the trucking industry.

They will launch the WIT Diversity and Inclusion Index at WIT’s virtual Accelerate! Conference and Expo next month.

Women make up just over 10% of America’s 3.5 million truck drivers. In Canada, women account for more than 50% of the population, yet only 3% of truck drivers are females.

But the index is not about women alone. It will look into the industry’s efforts to create a more inclusive workplace for all.

“The goal is to find better data about the status of diversity and inclusion, because we know anecdotally that acceptance in all areas is increasing in the trucking industry,” said Jane Jazrawy, CEO of CarriersEdge.

“We also want to know what companies are doing to increase executive diversity because many of the people speaking for the industry are still white and male.”

Jazrawy said diversity in leadership actually increases profits.

“This program will celebrate those companies that are making these strides, and give us an opportunity to share the ideas that get them there.”

The index will document the programs that fleets currently use, share best practices that have proven successful across the industry, and recognize creative solutions in different areas, WIT said.

“The D&I Index will help us to quantify where we are today with diversity and inclusivity efforts, provide a benchmark to measure our progress against, and a set of proven steps to help on that journey,” said Ellen Voie, president and CEO of WIT.

The program will collect details from participating fleets about diversity and inclusivity efforts across the entire fleet, from hiring to onboarding, management, coaching and leadership development, WIT said.

Interviews with company representatives and anonymous employee surveys will be used to capture both program ideas and feedback on the overall effectiveness.

The first D&I Index will be unveiled in fall 2021.

Source

The post WIT, CarriersEdge plan Diversity and Inclusion Index appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/wit-carriersedge-plan-diversity-and-inclusion-index/

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ECONOMIC WATCH: ACT Research increasingly bullish on commercial vehicle market

COLUMBUS, Ind. – ACT Research has increased its commercial vehicle forecast across the board in October.

“Central to our growing bullishness on current activity translating into the next up-cycle are the non-traditional drivers of current freight market strength, even as more traditional drivers remain in the wings,” said Kenny Vieth, ACT’s president and senior analyst. “We’re seeing a Covid-driven consumer and business substitution of spending from services to goods, and while a vacation or business trip doesn’t fit into a truck, lumber and technology do.”

Residential investment is being boosted by low interest rates, millennial demographics, and urban escapes, Vieth noted. Freight is also being driven by business inventory restocking, which ACT Research said will benefit truck freight into mid-2021.

“By Q1 2021, the current manufacturing cycle will hit a nine-quarter downturn, suggesting a tightly coiled spring of pent-up demand, also good for freight and ultimately commercial vehicle demand,” Vieth said.

“That said, our thesis does rest on three impactful caveats: a successful Covid vaccination program in place by around the second quarter of next year, Congress passing significant legislation to support left-behind economic sectors, and the potential for a flood of drivers into a market that still has considerable parked equipment, thereby blowing up the favorable rate environment that fleets are enjoying currently.”

Source

The post ECONOMIC WATCH: ACT Research increasingly bullish on commercial vehicle market appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/economic-watch-act-research-increasingly-bullish-on-commercial-vehicle-market/

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No change in U.S. traffic deaths involving trucks

WASHINGTON, D.C. – Traffic deaths in the U.S. fell 2% last year to 36,096 fatalities, and there was no change in deaths involving large trucks.

That is according to preliminary data released Thursday by the National Highway Traffic Safety Administration (NHTSA).

“Fatalities in crashes involving at least one large truck showed relatively no change, decreasing from 5,006 in 2018 to 5,005 in 2019,” it said.

Large trucks include both commercial and non-commercial trucks with a gross vehicle weight rating over 10,000 pounds.

Despite the fall in fatalities, vehicle miles traveled (VMT) increased by nearly 1%, the agency said.

“As a result, the fatality rate for 2019 was 1.10 fatalities per 100 million VMT – the lowest rate since 2014.”

NHTSA also released preliminary fatality estimates for the first half of 2020.

“The second quarter of 2020, during the height of the Covid-19 public health emergency, showed a continued decline in overall traffic fatalities.”

It said an estimated 8,870 people died in motor vehicle traffic crashes in the second quarter of 2020, a decrease of about 3.3% compared to the second quarter of 2019.

At the same time, at the height of the Covid-19 public health emergency, the total traffic volume decreased by more than 16% in the first six months of 2020.

Source

The post No change in U.S. traffic deaths involving trucks appeared first on Truck Insurance-Cover Me Insurance provides commercial truck insurance for owner operators and small fleet..

Source: https://www.covermeinsurance.com/no-change-in-u-s-traffic-deaths-involving-trucks/