Let’s talk about auto haulers insurance

Transporting vehicles is one big business with several challenges like high operating costs and a variety of cargo risks.

When you are an auto hauler and charged with ferrying vehicles between staging yards, private residences, and dealerships, you need to consider the right auto hauler insurance to stay on track.  

Hauling vehicles is a specialized task that calls for immense training, but even the best drivers can face troubles on the road. When your cargo gets exposed, the likelihood of damage increases. Even a small dent in a car can be a huge damage for your company. Some risks are, at times, unavoidable. In that case, insurance can come to help. Depending on the business, coverage needs are diverse. Fortunately, many insurance service providers offer policy tailored to auto haulers. 

Three types of coverages are commonly talked about when it comes to auto hauler policy:

Cargo coverage 

Cargo coverage is essential for haulers. On the highway, the vehicles being hauled are at greater risk as the trailer is not enclosed. In the absence of cargo coverage, you may have to pay for hundreds of thousands of dollars in damage if any of the vehicles suffers a loss.  

Liability 

Auto liability is required in every state. Car haulers are highly expensive and they carry a huge responsibility. So, the required amount for minimum insurance requirements is typically higher. 

Collision and comprehensive 

The collision and comprehensive coverage will cover the damages to your car hauler. 

Elements that can impact the auto hauler insurance rates: 

• Claim history

• Age and experience of the driver 

• Hauling radius 

• Whether hauling new, wrecked, or used vehicles 

• Years of industry presence 

• Total number of trucks you have 

• Training and licensing 

• Limits and deductibles are chosen by you

Talk to policy experts at SBA Insurance Group LLC to come across the best insurance plans for auto haulers.