Any truck driver should be aware of the expense spreadsheets used by trucking companies. If you plan to become a truck driver, you may need to use an expense spreadsheet to determine how much you need to spend on your car insurance policy or other trucking insurance. Here are some things to keep in mind when preparing expense spreadsheets for your future.
First, you should never cash out at a loss. Of course, many drivers use a standard cash rate and decide it is reasonable enough. There is a way to go even further, and a way to stay within your budget.
A few years ago, you could get an auto insurance quote from just about any insurance company and get a quote that was within your budget. With these online tools, though, you can usually get a better quote than you could when you were filling out multiple quotes yourself.
If you want to prepare expense spreadsheets for your future, start with a standard driver’s license, or approximate age, height, weight, sex, and driving record. Then, input the information into the database of a trucking company. This will allow you to see how much you could save on your future insurance quotes. If you have a commercial driver’s license, you can also use this to compare prices for liability and collision insurance.
Once you know how much you would save with a liability and collision insurance policy, you can calculate how much you could save on a driver expense spreadsheet. Also, keep in mind that the biggest difference in rates between insurance companies may not be due to pricing differences.
You can use a similar method as you did with your truck driver expense spreadsheets to figure out how much you could save on your own. Again, a simple driver’s license will allow you to enter the same information used in a commercial driver’s license transaction.
If you want to use these same principles, you can also calculate how much you could save with the type of insurance you are considering and then work backward. However, you should be careful to consider the particular policies that you are evaluating before you make a final decision.
These are just a few examples of driver expense spreadsheets, but if you start now, you can already save hundreds of dollars on your next insurance policy. Once you get a driver expense spreadsheet together, make sure you keep it with you to review regularly.