If you’re starting up a tow truck business in Georgia or if you’ve got an established business, you’re probably thinking about one very important question: how much is Georgia tow truck insurance? There’s a trend happening in the tow truck insurance world – tow truck insurance rates are rising. You’re hoping to brace yourself for the sticker shock and get an idea of how much you should plan to spend.
We’ll go over how much tow truck insurance costs in Georgia and why rates vary from business to business.
How much is tow truck insurance in Georgia?
Okay, before we go any further in answering this question we have to explain something that’s very important about the cost of tow truck insurance.
Rates vary widely from business to business.
There are many factors that influence your tow truck insurance premium. Insurance companies evaluate a lot of details about your business before setting your rates. So, even if your friend with a similar towing business pays a certain amount for their Georgia tow truck insurance, chances are your rate will be different from theirs – despite the fact that you live in the same town, have the same number of trucks, and make a similar income.
Anyways, with that being said, we’ve got a loose range of numbers just to give you an idea of the cost of tow truck insurance in Georgia:
Tow truck businesses in Georgia MAY pay anywhere from $5,000 – $20,000 (per year per power unit) for their insurance. The lower end of that range would most likely be a rural business with a very clean loss record. The upper end of the range would be a business with tickets or accidents on its record.
Keep in mind that this is only a rough estimate. As we said, rates vary widely because businesses are different. Where your business will fall in that range (or outside of that range) depends on a variety of factors.
But what would make your rates different than someone else’s? What are the “factors” that influence tow truck insurance premiums? Let’s tackle that question next.
What factors affect the cost of tow truck insurance in Georgia?
There are many factors that affect the cost of tow truck insurance, but the following are some of the major ones:
- Your drivers
- Your loss history/claims
- Your tow trucks or wreckers
- How many trucks you have
- The type of towing you do – roadside assistance, towing disabled cars, repo, towing for an auto repair shop
- What type of cars you typically haul (new, used, disabled, scrap)
- Where you’re located
- Your radius
All of these factors help the insurance company determine how much risk your business faces and how likely you are to file a tow truck insurance claim. For example, a business that has a record of getting speeding tickets could face higher rates because, to the insurance company, they’re at a higher chance of having an accident.
So, if there are all these different things affecting your Georgia tow truck insurance cost, how are you supposed to know how much you’ll pay?
The best way is to get a tow truck insurance quote.
Why it’s important to get a tow truck insurance quote.
If you really want to know how much your Georgia tow truck insurance will cost, you need to go through the quoting process because that will give you the most accurate idea of pricing. Because of all the different details that affect insurance rates, a “rough estimate” or ballpark number will probably not accurately represent your particular business. When you get a quote, the insurance company will take all the details about your business into account and give you a rate based on the amount of risk that you represent.
How to get a Georgia tow truck insurance quote.
Okay, great. You’ve got to get a quote. But how does that work?
When you team up with our tow truck insurance experts, it’s really easy. Check out the step-by-step of how our quoting process works:
1. You fill out our online quote form or give us a call.
It doesn’t take long – we know you’re busy!
2. One of our agents will talk to you to get some details about your business.
We want to make sure that we’re getting you the coverage you need and that we understand your business and your situation.
3. We go shopping.
We’ll get you multiple quotes from different insurance carriers so you can compare pricing and coverage options.
4. We’ll give you your quotes and go over all the different options.
We want you to get the customized insurance that’s right for you, so we’ll go over your quotes with you. Once you’ve decided on which plan will best suit your insurance needs, we’ll help you get your coverage finalized and ready to roll.
5. We’re here for you.
No question is too big or too small. You can reach out to your agent at any time and we’ll be happy to help. When you work with our team, you’ve got more than an insurance agent – you’ve got an insurance partner and a trusted advisor.
When you work with our team, it’s easy to get tow truck insurance in Georgia. We’re tow truck insurance experts (if we do say so ourselves) so we understand the risks you face and the coverages you need to protect yourself from them. You can fill out our quote form and get in touch with one of our agents, or you can just give us a call at (770) 203-0138. We’re here to assist with any of your Georgia tow truck insurance needs.