Good evening. I am running into a problem on my insurance renewal coming in sept. I'll give a little history, i've been driving for 18 years owner op for 3.5 and i started my authority a year ago. I was by myself at first, and in april i paid for my brother to go to school to get his license, and he spent 2 months training with me, i then bought him a truck and trailer. So he works for me, and i added him to my insurance in april, then added the truck and trailer to my insurance at the end of may. My insurance went up to right at $30k per year for both of us drivers 2 trucks and 2 trailers, which roughly doubled my insurance costs for the year, and i was ok with that. I got my renewal notice a couple days ago for september and they (progressive) have went up to almost $44k per year, now i know he's a new driver, but we both have clean records, no freight claims or anything. I contacted my agent and he informed that they went up so much because he's a new driver, what i can't understand is why they went up now and added almost $14k to my rate, but didn't go up that much when i added him and his truck on initially. They even went up on the rate of my truck which was $13.5k last year and $20k this year.
So i guess my question is has anybody dealt with a similar situation, and can anybody recommend an agent or company that is good to work with that will give me a decent rate with him as a new driver. He will have almost 6 months experience by the time my renewal comes up. I'll also mention that he's almost 32 years old and i'm 38 so it's not like were really young high risk drivers.
Insurance questions
Discussion in 'Ask An Owner Operator' started by Cheepjeep8, Aug 16, 2022.
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