Long Haul Truck Insurance

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Long haul truck insurance cover drivers carrying goods over thousands of miles, often transporting valuable cargo at night when traffic is considerably less. Still, conditions are sometimes not optimal, and there is a potential for accidents to occur.

Insurance for long-haul trucks and trailers ensures your trucks are covered against all possible risks. You can get a variety of commercial truck insurance policies to meet your needs as an owner/operator of long-haul trucks.

A long haul truck on the road

Factors Affecting the Cost of Long Haul Truck Insurance

Long-haul trucking insurance is a crucial investment for any trucking business owner in Australia. It provides protection against unforeseen events, such as accidents, cargo theft, and liability claims. The cost of long-haul trucking insurance varies depending on several factors.

  1. Distance Traveled: The further your truck travels, the more you’ll pay for insurance. Long-haul trucking insurance covers longer distances than regional or local trucking, so you can expect to pay more for this type of coverage.
  2. Cargo Type: The type of cargo your truck carries also affects the cost of insurance. Hauling hazardous materials or high-value cargo increases your risk exposure and, therefore, your insurance premiums.
  3. Driving History: Your driving history, including your safety record, can impact your insurance rates. If you have a history of accidents, traffic violations, or DUIs, you can expect to pay higher premiums.
  4. Insurance Coverage Limits: Higher coverage limits mean more protection and, therefore, higher premiums.
  5. Deductibles: Higher deductibles lower your insurance premiums, but you’ll pay more out-of-pocket if an accident occurs.

Average Cost of Long Haul Truck Insurance in Australia

The cost of long-haul trucking insurance varies widely depending on the above factors. On average, long-haul trucking insurance costs between $12,000 and $15,000 per truck per year in Australia. However, this figure can be significantly higher or lower depending on your unique situation.

It’s essential to work with an experienced insurance broker who can help you determine the appropriate coverage and negotiate the best rates for your business.

As a truck insurance broker specializing in commercial vehicle insurance, we can advise you on how to maintain your level of insurance at an affordable price.

Our job as your broker is to obtain as much information about your business and needs so we can work with you to provide commercial truck insurance specifically for your needs.

Get truck insurance quotes from Truck Insurance HQ, market leaders in the truck and transport sector. We have a team of brokers specialising in finding the right insurance to suit your needs.

Call our office today on 1300 815 344 or request a quote here.


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