Getting Trucker Insurance in Chicago

When you are getting trucker insurance Chicago IL, you need to understand the problems associated with getting this insurance coverage. One of the problems is just being able to find the necessary coverage. When you are able to find the coverage, then you must address the huge cost of truck insurance. Another factor in the increased cost is increased usage of cell phones and sleep deprivation.

With the Exodus of big insurers like AIG and Zurich pulling out of this market place, this creates huge problems for finding insurance coverage. Most people should realize when there are more competitors, then you get a better price. Most big companies are able to scale to get a profit. If a big company is unable to make a profit, then you can expect the price for that particular product to increase, because companies will leave the market. And this has happened in the truck insurance market.

Does anyone remember Tracy Morgan, the comedian, being involved in a wreck between his limo and a Walmart truck which caused a big pile up and one fatality? This is just one example of trucks being involved in an accident. When you have a high-profile accident like this it creates a huge payout to the high-profile individual. Then all the lawyers gather around like a vulture and pick apart the company involved in the accident. When you have an increase in payouts by the insurance company, then the insurance companies increase their rates. Risk & Insurance cites that “With cell phone use and sleep deprivation on the increase, it’s no surprise that the number of fatalities involving large trucks has climbed by 7.5 percent between 2010 and 2015, according to the U.S. Transportation Department.”

Sleep deprivation has always been a problem for the trucking industry. You have truckers trying to deliver a load at a designated time. What happens if there is road construction? It delays the truck from getting the load to the destination in the appointed time period. So, what happens? The truck driver will not stop driving even if he is tired. You also have some truck drivers who need to make a connection to pick up another load and they are late. This puts pressure on that trucker to push their bodies to the limit, so that they are tired and unable to focus on driving. This leads to more accidents.

Being a truck driver can be a very lonely profession. So, it is no wonder the truck driver has a desire to use a cell phone even though he realizes it could be putting somebody’s life in danger. Every one of us feels like we can drive and also talk on the phone. The truck driver is no different. He is a professional driver, and he feels like he can use the cell phone for a few minutes without risking anyone’s life. But the unfortunate truth of the matter is truckers have been experiencing an increase in accidents caused by cell phone usage. According to Trucker Info, “the number of people killed by distracted driving was 3,477.”