Yes this is the first and most important factor in calculating insurance cost. Trucking Insurance premium can very as much 60% or even 70% based on the company owner’s personal credit history. People with good credit pay a fraction of what people with bad credit pay. On several occasions we had people call us and say: “Well, my neighbor is about my age, don’t have tickets just like me, we drive very similar trucks, yet he is paying about half of what I am paying”.
Yes this will always be the case. Every person is different and the insurance premium is based on many factors including personal credit history. Keep your credit history clean of blemishes and you will save thousands in truck insurance.