I am looking for 1 million liability and 250k cargo. My agent called me today and said that the lowest quote he could get will be around $12,000/year, which is $1,000/month with $1,000 deductible. I have over 5 years of experience with clean record. The radius will be 200 miles. Does this number seems right to you? The quote was given by Progressive, but they don't do more than 100k cargo so the agent had to find another company who will cover the additional coverage I need. How much do you pay for insurance and which company do you use?
Thanks
Insurance quote, is that WAY too much?
Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by DriverLLC, Jul 21, 2014.
Page 1 of 3
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
TRy another CO. or info. collected from OOIDA or other trucker groups could get a muck lower rate like 3,800 per yr. seems right?
-
Everyone is saying progressive is jacking rates.... Shop around .
-
My first phone call would be to OOIDA, my second to compare would be to Sentry.
-
On this forum drivers are saying that a lot of brokers won't give loads to drivers with OOIDA. It might be cheaper, but is that worth the risk?
-
Progressive is usually one of the cheaper ones from my research.......Is this a new business venture? If it is then your experience doesn't matter and OOIDA does not insure new business ventures. This quote sounds about right to me unless you have years of experience as an O/O.
-
Progressive has about the highest rates. Shop around. Generally your looking at about $10k a year. Only thing you didn't mention was your down payment was it is usually 20%.
-
-
-
My policy was roughly $10k. New venture, through Hallmark/Cannopius
Progressive wanted $25k!!!!!
Please shop around.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 3