Valley Truckers Paying More for Insurance

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ROCKINGHAM COUNTY, Va. (WHSV) -- Valley farmers say they're suffering when it comes to getting their crops to market.

One farmer says it has to do with sky-rocketing insurance.

Similar to your car insurance, accidents can drive up premiums for trucking companies as well. One Rockingham County trucker said those higher premiums get passed on to other businesses.

Trucks carry as much value as they do cargo. Insuring it all can cost hundreds of thousands of dollars. This year, that price is going up because of crashes around the country. It's the rising cost that's threatening business and safety of unrelated trucking companies.

"You have to go to companies you haul for and tell them you need more money if they can give it to you. A lot of times, you can't, because there are other people out there in the trucking industry that will still haul the freight for the same and don't realize they're not making a dime. Or they're cutting corners on safety, so they can get the loads to go down the road and make a profit," shared the owner of one valley trucking company, Mark Deavers.

That cutting of corners can lead to more accidents like the high-profile crash involving a Wal-Mart truck and actor Tracey Morgan earlier this year. Deavers says keeping his drivers and other cars safe out on the roads comes at a higher and higher cost.

In addition, lawsuits can add a burden to small companies. Deavers said truckers have to pay for damages when companies get sued in accident cases as well.


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