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Benefits for Insurance Agents
Insurance agents who work with 1st Choice Premium
save money on billing services while enjoying
faster bill pay rates that lead to faster
receipt of commissions.
Benefits for Business Owners
Business owners who choose 1st Choice Premium
save capital that they can reinvest in their business
rather than spend making large insurance
payments upfront.
Benefits for Insurance Companies
Insurance companies who work with 1st Choice
Premium have a valuable service to offer
policyholders, improving both their profits and
their customer service offerings.
Our Financing Solutions
Backed by RMGA’s more than 70 years of combined underwriting experience in the trucking industry, 1st Choice Premium understands trucking insurance and our customers’ needs. We use this experience to deliver customer-focused financing solutions whose terms vary based upon factors such as down payment amount or number of payments desired. These solutions make it simple for customers to access insurance premium financing on terms they can afford.
Sample Insurance Premium Financing Terms
- 20 percent down and 10 monthly payments
- 15 percent down and 10 monthly payments
We work with the customer, the insurance agency, insurance agents, and
underwriters to ensure that our financial solutions make trucking insurance
simple, easy, and accessible.
Types of Coverages
We provide premium financing for many types of insurance policies in order to maximize flexibility and accessibility. Our simple financing solutions are focused on meeting the needs of clients in the trucking industry, and include loans to cover the following types of policies:
- Property & Casualty
- Professional Liability
- Commercial Auto
- Trucking
- General Liability
- Errors & Omissions
- Business Owner’s Policy (BOP)
- Personal Lines
Make a Great Partnership
We partner with insurance agencies and underwriters to craft simple premium financing solutions for customers in the trucking industry. These solutions are tailored to the their need to free up working capital for ongoing investments in their businesses and their fleets. With experience across every area of the trucking industry, we can serve customers with premium financing needs in all of the following sectors:
Sample Insurance Premium Financing Terms
- Transportation and Logistics
- Freight Hauling
- Tanker Transportation
- Refrigerated Transport
- Local Trucking
- National Trucking
- And More
Approval Process
In order to enjoy financing solutions through 1st Choice Premium, customers follow a simple approval process.
This 6-step process ensures that the client receives the best possible terms for their loan so they can enjoy the
additional capital they need to keep their trucking business moving forward.
Customer requests insurance
through agency.
Agency submits quote at 1st
Choice Premium.
1st Choice Premium offers loan
options based on customer
needs and policy.
Customer repays 1st Choice
Premium using chosen
installment plan.
1st Choice Premium funds
the loan..
Customer selects preferred
loan option and makes the
down payment.