5 factors to consider when choosing insurance coverages for auto haulers
Nobody likes unpleasant surprises, especially when it comes to buying their dream car abroad. Due to the many parties involved in the purchase and import process, you can easily lose sight of additional costs and fees. We do our best to offer everything from a single source when it comes to auto haulers. However, if you want to take this process into your own hands, you should consider additional costs.

cargo insurance for auto haulers

International bank fees

Paying insurance coverages for auto haulers through an international bank account may result in additional bank charges. While the cost of a domestic transfer is between $ 20 and $ 30, an international transfer can cost over $ 50. It is also common for smaller international banks to redirect funds across multiple larger banks, resulting in higher fees.

You can save on bank fees by sending payments from an account in the United States, or by using a carrier that offers full service when buying the vehicle, as well as shipping and customs clearance. This leads to a total fee.

Ground transportation

You will probably want to keep the car as it was when it was bought. While transportation in an open car transporter is perfectly fine for most normal cars, project cars and classic cars should best be moved with the carriers closed. Your vehicle is protected from the weather, road conditions, stone chips, etc. - among other things in the rare cases where your vehicle is under another vehicle on the truck and oil, coolant or other pollutants can escape.

The cost of closed or covered transportation is usually 1.5 to 2 times the cost of an open car transporter. You can get the prices very quickly with our online calculator.

Insurance for sea transportation

Believe it or not, ocean-going vessels that carry cargo containers are rarely responsible for damage during the trip. If a container is dropped, damaged, or even falls off the ship, the shipping line is legally limited to a maximum refund of $ 500. Everything that goes beyond falls on the sender. For this reason, transport insurance for auto haulers is always recommended.

The cost of voluntary transport insurance is approximately 2% of the vehicle value.

Customs control costs

Nobody wants you to pull out your container for a random inspection by customs, but that can happen. If the customs pulls out the container for inspection, the shipper pays the full inspection fees.

Customs control fees range from $ 1,000 to $ 2,000. Even if your container passes the inspection, you are still responsible for all fees. However, the chances of an accidental customs inspection are rare. We estimate that only one in 500 containers will ever be pulled out for a random inspection.

Repatriation

We also mention transfer costs here, as most customers are unaware of these types of costs, which are payable when the vehicle arrives abroad. This is because many shipping companies only offer a tariff for port-to-port shipping without taking into account the fees due on landing.

These transfer costs, also known as destination fees, can include the collection of containers from the port, transport to the warehouse, unloading the vehicle and storage until arrival. Fees vary depending on the destination country and the broker who accepts the vehicle. Fees are typically around $ 500 to $ 1,000. Note that this does not include import duties. These vary depending on the vehicle year and displacement.

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