Top 5 Mistakes That Raise Your Commercial Trucking Premiums
If you’re an owner-operator or small fleet owner, you already know that commercial trucking insurance isn’t cheap. But what if you’re unintentionally driving your premium higher than it needs to be?
Here are the top five mistakes that cause trucking premiums to spike—and how to avoid them.
1. Poor Driving Records
Insurance companies price risk. If you or your drivers have a history of traffic violations, speeding tickets, or accidents, expect your premium to reflect it.
What to do instead:
Hire experienced drivers with clean records, and offer regular safety training. Monitor driver behavior using telematics or dash cams if needed.
2. Incomplete or Inaccurate Applications
Providing inaccurate mileage, vehicle usage, or driver details can lead to underpricing—or worse, cancellation. It also flags your company as high-risk to underwriters.
What to do instead:
Be precise and transparent in your insurance application. Keep your driver roster, equipment list, and mileage records up to date.
3. Gaps in Coverage or Lapses in Policy
Letting your insurance expire—even for a few days—can make you look unreliable to insurers. Gaps in coverage almost always lead to higher future premiums.
What to do instead:
Always renew on time. Set calendar reminders, automate payments, or work with an agency like Arxis that proactively helps you stay current.
4. Choosing the Cheapest Policy Without Understanding It
Going for the lowest price might save you today, but it could cost you everything in the event of a serious claim. Insufficient cargo coverage or missing endorsements could ruin your business.
What to do instead:
Work with a licensed agent who understands trucking. Make sure you’re covered for physical damage, non-trucking liability, trailer interchange, and cargo—depending on your operations.
5. Ignoring Safety & Maintenance Records
Many insurers review your CSA scores, inspection reports, and FMCSA safety ratings. A history of violations or poor maintenance can drive premiums up or even lead to denial of coverage.
What to do instead:
Maintain a strict safety and maintenance program. Keep logs clean and updated. A good safety history saves money long-term.
Final Thoughts
Your premium is based on more than just your truck. Your drivers, records, compliance, and business practices all influence your rate. The good news? You can control most of it.
Want help reviewing your current commercial trucking policy or finding smarter coverage options?
Contact Arxis Insurance Group today for a custom quote that matches your operation and your goals.
