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Are the good times really over for good?

Discussion in 'Ask An Owner Operator' started by BAYOU, Jan 13, 2014.

Page 1 of 8
  1. Jan 13, 2014 #1
    BAYOU

    BAYOU Road Train Member

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    Sep 23, 2010
    Beaumont,Tx
    0
    So I've talked a lot about insurance lately post reading about how there getting high quotes, real good friend of mine his doubled and even got a price from my guy. Today I received my progressive renewal and wow I was told it was going up but didn't think that much, I pay $5,600 a year now 1mil $100,k cargo one truck two trailers new price......

    $29,860....yes almost $30,k one truck one driver no tickets clean driving record why don't they just drop me instead of giving a crazy price like that.

    If they want to drive O/O out of trucking this is a good start with that and health care and the FMCSA pushing for EOBRs are the good times really over for good. BTW I did get a price from someone else at $9,400 a year.
     
    BAYOU, Jan 13, 2014
    BAYOU, Jan 13, 2014
    #1
    ziggity Thanks this.
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  3. Jan 13, 2014 #2
    Mev

    Mev Road Train Member

    3,109
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    Jul 29, 2009
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    Good times over = YES
     
    Mev, Jan 13, 2014
    Mev, Jan 13, 2014
    #2
  4. Jan 13, 2014 #3
    dannythetrucker

    dannythetrucker Road Train Member

    2,856
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    May 26, 2011
    everywhere, man
    0
    what gives ? surely Progressive isn't just raising everyone to $30k/yr, why you ?
     
    dannythetrucker, Jan 13, 2014
    dannythetrucker, Jan 13, 2014
    #3
  5. Jan 13, 2014 #4
    BAYOU

    BAYOU Road Train Member

    2,847
    1,592
    Sep 23, 2010
    Beaumont,Tx
    0
    From the ten calls I made today everyone said almost the same thing progressive entered the market and under priced everyone making others cut there prices to keep people now progressive is losing their rear and raising prices to recoup money and others are doing the same. I was told the days of policies under $8,500 a year are gone.
     
    BAYOU, Jan 13, 2014
    BAYOU, Jan 13, 2014
    #4
  7. Jan 13, 2014 #5
    mickey melon

    mickey melon Medium Load Member

    317
    351
    Aug 23, 2013
    Chicago,Il
    0
    freight Rates CANNOT accomodate insurance rates like that............$20k seems unheard of.

    i pay $4,900 per year 1 truck 1 trailer.Im in Illinois........same thing Clean record no claims......

    (Keep in mind..My equipment is Old )
     
    mickey melon, Jan 13, 2014
    mickey melon, Jan 13, 2014
    #5
    bullhaulerswife Thanks this.
  8. Jan 13, 2014 #6
    Catliner

    Catliner Light Load Member

    164
    39
    Jan 5, 2014
    Thompson, GA
    0
    ours is 5,800 per year, just paid for the entire year of 14'. Something isn't right
     
    Catliner, Jan 13, 2014
    Catliner, Jan 13, 2014
    #6
  9. Jan 13, 2014 #7
    dannythetrucker

    dannythetrucker Road Train Member

    2,856
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    May 26, 2011
    everywhere, man
    0
    Progressive priced aggressively and also nearly cornered the market on new O/O's. Maybe that was their strategy, now that new O/O's have little choice but to go to them they are turning the screws. Not unlike new drivers who must go to Swift or Schneider for that precious 2 years of OTR experience, also an insurance gimmick.

    I can't believe people are worried about the government, when the insurance companies are the ones pulling our strings. I don't even know how you can even really call it insurance anymore when the last thing you ever want to do is file a claim, and filing a claim will probably put you out of business anyway. How is that insurance ?
     
    dannythetrucker, Jan 13, 2014
    dannythetrucker, Jan 13, 2014
    #7
    ziggity, Jokingypsy, 281ric and 5 others Thank this.
  10. Jan 13, 2014 #8
    mickey melon

    mickey melon Medium Load Member

    317
    351
    Aug 23, 2013
    Chicago,Il
    0
    Simple answer,,, Insurance companies USED to put their customers (us) FIRST....

    Now the Officers of the companies cant settle for less than their high 6 figures due to them annualy.........If thier bottom line doesn't favor them.....Your rate goes up and if you have clkaims..They simply drop you.


    Its Truly pathetic way to do business...But this country has become capitolism crazed!! EVERYONE trying to hurt others
     
    mickey melon, Jan 13, 2014
    mickey melon, Jan 13, 2014
    #8
    truckman29801, Boardhauler, ziggity and 1 other person Thank this.
  11. Jan 13, 2014 #9
    Markvfl

    Markvfl Road Train Member

    1,103
    338
    Nov 29, 2007
    Apopka, FL
    0
    I just renewed at about $15,000 for comp/collision/bobtail/300k cargo.
     
    Markvfl, Jan 13, 2014
    Markvfl, Jan 13, 2014
    #9
  12. Jan 13, 2014 #10
    DrivingForceBehindYou

    DrivingForceBehindYou Medium Load Member

    546
    184
    Aug 29, 2012
    ChicagolandOfOpportunity
    0
    I can sell you my truck for 400000 if you want while you are shopping
     
    DrivingForceBehindYou, Jan 13, 2014
    DrivingForceBehindYou, Jan 13, 2014
    #10
    D.Tibbitt Thanks this.
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