Categories: Lifestyle

How Does Driver history affect truck Insurance Rates?

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Scratching your head to know how driver history affects truck insurance rates? Don’t burden your mind anymore, this blog caters to your confusion!

With the rise in online shopping trends, there is also an increase in the number of trucks plying on the roads to transport products from one place to another. The more trucks on the roads, the more risk of getting involved in accidents. But if you are a good driver and always cautious while driving, you may escape from getting into such situations. As you know, getting in accidents may harm your driving record. An individual’s driving record basically consists of driving history with the vehicles, name, license number, fines received traffic rule violations, accidents, etc. 

The driving history is a clear indicator of how you drive and follow the traffic rules. It is always beneficial to have a clean driving history as it is the only indicator showing the risk associated with the vehicle you are driving. And when you go to purchase the truck insurance policy, this will play a major role in deciding the insurance premium. But do you know the exact reasons behind your driving record and how it may affect your truck insurance rates? You will find here the answers to all these questions. 

Let’s jump in further to know about this!

Reasons Affecting Driving Record

There are several factors that affect the driving record of any person no matter if he is driving a car, bike, or any commercial vehicle. 

Traffic Rules Violation Fine

Whenever any truck driver violates any traffic rule, he will get a challan. There are various reasons behind this rule violation. Some of them are

  • Signal Jumping
  • Overspeeding
  • Not listening to traffic police
  • Using a mobile phone while driving

The violation of all such things can badly affect your driving record. It should be your duty to follow all the traffic rules and regulations.

An Accident

If you get into an accident because of your fault, there will be a negative mark on your driving license. Any accident clearly indicates a poor driving record as it shows your irresponsible behavior. If you drive poorly, apart from having just a black mark on your driving license, you may be any person. 

Late in Payment of Challans

If you don’t pay challans or traffic violation fines on time, then also your driving record may get affected badly. There is a due date provided on every challan by the traffic police and you should pay that fine on the expected date. If you don’t do the same, then the penalties may even get higher and you will be responsible for damaging your driving record. 

Repeated Claims

If you repeatedly get into accidents because of your bad driving habits, then obviously your truck will get damaged and you have to take the claim from the insurance company. So, if you do this repeatedly, it shows your bad driving behavior. The insurance provider will well understand your bad driving habits and you will get high rates on your truck insurance policy. Also, you will lose your NCB (No-Claim Bonus) if you repeatedly get the claims. 

Intoxicated Driving

If you are driving your truck under the influence of alcohol and other intoxicating substances, clearly your driving record will be affected. Taking this thing lightly can result in a black mark on your license and severe penalties. This may clearly ruin your driving record. 

Related Post

As you have read about all the basic factors that affect the driving record of any commercial truck driver. Now let’s understand how this driving record can affect truck insurance rates. 

How Does Driver History Affect Truck Insurance Rates?

A driver is the main operator of any commercial vehicle. It is clearly in his hands to handle or maintain the vehicle. Hence, his driving history will decide the insurance premium of the vehicle. If you have a bad driving history, the insurance provider will charge you more to protect your vehicle. Before giving you any insurance policy, the provider will definitely check the driving record to ensure the risk associated with your vehicle. 

If you have a clean driving record, then it will assist you in reducing the cost of truck insurance as the risk associated with your vehicle will be less. Also, you will get an easy claim process. Before considering your vehicle to get insured, the insurance company will check some of the details related to your truck, which are stated as

  • Driver’s license history
  • Traffic violations
  • Accidents
  • Intoxicates driving cases

But you must be thinking why should the insurance company check all these details? Let’s clarify this!

Purpose of Using Driving Record by the Insurance Company

The best way to assess your insurance application is to check your driving history, which typically includes all violations and accidents (at-fault or no-fault). By checking all the given factors, the insurance company will determine the risk factors associated with you and your commercial vehicle. By checking the records, they will be able to get information on your past claim processes. This will give them an idea about how frequently you get into accidents. 

If you have a clean driving record, the insurance provider will consider you a safe driver. That directly means less risk associated with your vehicle. That means you will take fewer claims. That’s why your insurance premium will be less. However, the provider will raise the premium, if the driver has a history of multiple traffic challans for Overspeed or accidents. This way the insurance provider will estimate the level of insurance risk of your truck based on the frequency of accidents and violations. 

The Rub

That’s all for this blog!

The main reason to get an expensive truck insurance policy is your bad driving history. If you continuously have a bad driving habit, then nobody will entertain you in a small amount to protect your vehicle. They will consider you in the category of risky customers. And obviously, more risk is clearly equal to more premium. 

So, have a positive impact on the insurance provider by having a clean driving record and getting discounts on your insurance premium. 

If you still have queries in mind, feel free to connect with us…We will serve you happily!

Hope you had a great read!

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