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It is only natural that people want to get the best deal when making purchases. When it comes to car insurance premiums, not everyone can get the same deals. There are many risk factors that come into consideration when calculating premiums that you may not be aware of. Understanding what affects the premiums before searching for a carrier can help get the best value for your needs. 

Moving vs. Non-moving Violations

Commercial vehicle insurance is essential for most businesses but there are different aspects that can affect premiums. Having the wrong insurance can lead to a gap in coverage and hurt your bottom line. When purchasing commercial vehicle insurance, have the issuer explicitly state which violations negatively impact premiums. 

There are two types of violations to consider: moving and non-moving. The specifics on infractions and premiums will vary for each state as their laws might be different. 

A moving violation occurs when the driver commits a traffic infraction, such as:

  • Speeding
  • Failure to use turn signals
  • Erratic driving
  • Running red lights and stop signs
  • Texting while driving

Generally, non-moving violations will not impact insurance rates so long as the violation is corrected. However, some carriers might increase rates if there are suspensions or unpaid infractions.  Some non-moving violations are:

  • Parking offenses
  • Failure to renew license
  • Driving without insurance
  • Expired inspection or registration

Having a suspended license, even if due to non-moving violations, will affect how the carrier views the driver. This list isn’t exhaustive, so it’s necessary to understand what impacts insurance premiums. If unaware of what will affect coverage and you experience too many violations, this might result in loss of coverage.

Trucking Insurance: Violations and Premiums

While there are some commonalities of risk factors and violations between commercial policies, specifications for drivers operating commercial trucks might be different. Load and cargo violations can be a common occurrence for trucks. Preventing loss or shifting of a load is something every driver needs to actively be aware of. Properly securing the materials can avoid this situation and potential accidents. Along with materials, the truck’s equipment must be secured as well: tailgates, doors, spare tires, etc. 

Enforcing drivers to follow these procedures can prevent any violations that can affect insurance premiums and your bottom line. Some risk factors to consider when hiring drivers include the driver’s history, age, and experience. It is recommended that the business owner pull MVRs at least once a year so they can identify any issues ahead of time and prevent complications when quoting the renewal. Biscayne Risk can offer better rating options and help implement a driver monitoring best practices for any driver who has an issue with claims or MVRs. This can be extremely important if the driver is a great employee that you want to retain.

Get The Best Deals With Biscayne Risk

Finding the right policy can be overwhelming, especially for business owners. There are so many aspects to consider when searching for the perfect coverage, both short and long term. Wanting a lower monthly premium is ideal, but the amount of coverage might not be enough. An uncovered accident can be financially devastating. 

With Biscayne Risk and Insurance, we can help you find the right policy for the best value, understand your policy, and assess any risk factors your business might have. We’re determined to give every client a positive experience and to answer any questions or concerns. Contact us today to see how we can help with your insurance needs.


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