Pay as you drive strategy means lower Commercial Truck Insurance
Best commercial truck insurance is fast becoming quite popular in the country. This is because, customers, don't need to pay high truck insurance premium anymore based on the estimated annual mileage for their vehicles. Rather their commercial truck insurance premium will depend on the actual number of miles they have driven their trucks for as shown by the odometers.
Bestcommercialtruckinsurance.com which is an commercial truck insurer based in Texas, has pioneered the PAYD model. PAYD stands for pay as your drive and this model of commercial truck insurance coverage in the US is actually being taken up by many drivers. As per the commercial truck insurance plan, drivers of vehicles will be paying premiums based on the actual miles they drive, instead of the standard practice of using the yearly estimated mileage. Quote a few California commercial truck insurers too have been given approval by the insurance commissioner of the state to offer this pay as your drive policy to vehicle owners.
Commercial Truck Insurance in Connecticut recently has added a new step to this interesting concept. They have used a new technology called telemetric, which would be installed in the vehicles. The GPS like device in the vehicle would monitor the distance traveled and record the actual mileage of the vehicles. Interestingly the device would also record such data as speed, braking habits of the drivers, vehicle conditions, weather conditions in which the vehicle was driven etc. Although some customers seem to have been surprised by this offer, it is not really mandatory. However, big companies with huge fleets like UPS are taking it up. UPS has installed the technology in its deliver vans.
The sole problem with bringing this technology to the mainstream is the high cost of the device involved which is around 2500 dollars. Aviva, the California and a few other commercial truck insurance companies from US are trying to popularize the technology. But there is resistance from drivers against this technology.
Meanwhile, industry specialists remind truck drivers that national crash rates will inevitably climb up if they continue the risky practice. They add that higher number of vehicular accidents gives insurers justification for increasing commercial truck insurance premiums. Experts tell drivers that accidents can be avoided if they follow road safety guidelines. They likewise remind drivers that insurers give incentives for good driving, discount in premium rates among others.
Now that offenders are taking more efforts to steal money from insurers and customers, more rigid policies to guide settling of claims can be expected. Commercial truck insurance claims in general, not just the medical claims, will be scrutinized thoroughly before being granted. Moreover efforts to capture offenders can be expected to be doubled leaving fewer opportunities for criminals to practice their wrong doings.
Some of the resistance is because of the invasion of privacy due to this technology. However, some customers are welcoming bestcommercialtruckinsurance.com purely because it offers an extra discount similar to what vehicle owners get for not violating traffic rules over a period of time or not making any claims.
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