Financing Your Insurance Policy

When most insurance agents or brokers give you a quote on your truck insurance they will not include the cost to finance the policy.  They will often give you the total price and the down plus the monthly.  If you add up the cost of all the monthly and the down payment,  your commercial truck insurance  will total more than the annual they gave you.  That is because too often they don't tell you there is an additional cost to finance your policy.

Outside finance companies will often charge 9%-25% APR to finance your truck insurance policy.  ALmost any type of insurance policy can and will be financed, everything from General Liability, Contractors Liability, Business Auto, Truck insurance, Long Haul insurance, Tow Truck Insurance, etc.

Often if you just ask for them to lower the APR they can drop it 2-3%.  Or you can get them to extend the payment from 9 to 10 payments.  If you have good credit some places will even offer you 10% down payment on your insurance.  You must ask, and don't assume that you have to accept what they offer you.  We use several finance companies and all of them have different things to offer.