Getting a big increase in your insurance rates is incredibly frustrating - especially if you've been performing well. And although there are ways to mitigate this effect by choosing a performance-driven financing option or investing more into your safety culture, we set out to figure out exactly what is causing this increase in truck insurance rates.
This is what we found:
TRUCKS ARE GETTING IN MORE ACCIDENTS
In spite of the newest technologies and our best efforts, trucks are getting in 59% more accidents per mile than they were in 2010. Injuries from truck accidents are up 48% per mile driven, and fatalities are up 12%.