Sep 052015

Need Tow Truck Insurance in Rochester Hills Mi? 

Tow Truck Insurance Rochester Hills MiCall Pathway Insurance at 800-998-0662 or click on Tow Truck Insurance Rochester Hills Mi to submit your request for information and quotes for your towing operation.

We offer great rates on towing operations, dealerships, and garages throughout the state of Michigan.

Whether you’re a well-established towing service with years of experience or a brand-new company looking for your first towing job, Pathway Insurance can help your business.

There are two specific programs that your business may qualify for. In today’s article  we’ll take a look at the program specifically for companies that are less than two years old (that includes brand-new companies).

Rochester Hills Mi Tow Insurance Program – For New Companies. 

If your new towing service has been in business for less than two years you should be aware that only a handful of insurance underwriting companies are willing to provide insurance to newer business ventures. But fear not, because we can help you find the coverage you need!

How can you get the best rate on your tow truck insurance even though you’re a new company? Here are a few important steps to take:

  • Hire drivers over the age of 25 with clean driving records
  • Institute a driver safety program
  • Consider whether or not you need full coverage on your trucks
  • Pay your premiums in full for the year
  • Develop exceptional credit
  • Allow Pathway Insurance to shop the market for you

Employing a driver with multiple tickets and accidents will guarantee that you will be paying the maximum amount of money for Tow Truck Insurance in Rochester Hills Michigan.

In fact some companies may not insure you at all if your drivers have multiple tickets and accidents. It’s just not a good idea. 

As far as insurance companies are concerned, a poor current driving record might mean a poor future driving record, and nearly all companies take this stance.

Here’s an example of how this can get you: Big Tony just got his new towing business off the ground but he needs to hire drivers fast. He brings on one of the first guys he interviews without looking too deeply into his driving history.

Tony calls up his agent to have the new guy added to his commercial tow truck policy, and his agent does as requested. The underwriting department discovers that Tony’s new driver was issued six different speeding tickets in the last few years and promptly sends a cancellation notice to Big Tony’s Towing.

Tony was so preoccupied with his new business that he didn’t notice the cancellation letter, mistaking it for a confirmation of his new driver being added to his policy.

A few weeks later Tony comes across the notice of cancellation and calls up his agent to figure out what happened. Tony realizes he had been operating for four weeks without insurance. After Tony’s explanation, his agent finds a new company to insure Big Tony’s Towing. Because of the extra premiums required to insure the driver with the bad record, and due to the lapse in coverage, the rate on the new insurance is twenty grand more per year than Tony’s old policy.

So it’s vitally important to recognize that hiring a driver with a poor driving record can have far-reaching effects on your insurance.

In our next article we’ll consider a few of the other tips to help you keep your premiums low.

If you are a well-established company with over 2 years’ experience you may qualify for a special program that may reduce your costs by 30% or more. Call us at 800-998-0662 to learn more. 

Tow Truck Insurance Rochester Hills Mi – What Are You Waiting For? 

Call Pathway Insurance by dialing 800-998-0662 Monday through Friday 9 AM to 5:30 PM (EST) or click on Tow Truck Insurance Rochester Hills Michig Quotes to send us your request online.

We also serve the following communities:

  • Tow Truck Insurance Detroit Mi
  • Tow Truck Insurance Grand Rapids Mi
  • Tow Truck Insurance Lansing Mi
  • Tow Truck Insurance Dearborn Mi
  • Tow Truck Insurance Wyoming Mi
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