Snow plow insurance usually marks the difference between a snow plow owner with long term aspirations and big responsibilities, and one who is just thinking about making a quick buck. Of course snow plow owners who opt to avoid snow plow insurance save money in the short term, just don’t expect to see them doing business next winter! The reality of owning a snow plow is that it’s going to be operating in extreme conditions where accidents and damage are a matter of ‘when’ not ‘if’. That said there are some ways to reduce the likelihood of an accident and save some money on your insurance premiums at the same time.
First of all do yourself a favor and hire competent, experienced drivers. Drivers without experience, qualifications and a clean driving record are far more likely to be involved in an accident; your insurance premiums will match this additional risk. In general it’s best to insist that all of your drivers get commercial drivers licenses.
If you want to reduce the likelihood of an accident further we recommend that you invest a little extra in your vehicles. By seeking out the oldest and cheapest snow plows you’ll save a few bucks at first, but of course your snow plow insurance premiums will be huge. Newer models that are regularly serviced and maintained will stand the test of time and perform better than cheaper alternatives. This is key to lowering your premiums.
Aside from buying new vehicles and respected models, there are other things you can do to your plow to lower premiums. Add any additional safety features you can think of including anti-theft, anti-fire and anti-shock devices. Your insurance agent will appreciate the extra effort you are making to make your plow safe and you’ll be well rewarded in the form of lower premiums.