Insurance for new owner operator in Ontario

Discussion in 'Canadian Truckers Forum' started by dragank, Jul 10, 2019.

  1. NorthEastTrucker

    NorthEastTrucker Heavy Load Member

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    Sep 21, 2019
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    Exactly, the Insurance Broker told me on Friday I might be able to get one of the Insurance companies he contacted but they call all the shots. For example: They want $25,000/year but I have to pay ALL upfront, I haven't a choice, their rules etc. I assumed this from the start of August when my truck was going to be delivered. Either way, I had a list of Carriers who wanted to hire me based on my experience. I figure in a year the red tape will disappear which is cool regardless plus these Insurance brokers told me that it will significantly go down around 75% to 80% driving my truck under a mid to larger carrier once everything stays good. Considering the overall market it's probably a good situation.
     
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  3. shredder152

    shredder152 Bobtail Member

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    Sep 30, 2021
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    Good luck making money in that insurance situation - you're going to need it.....
     
  4. ilovetruckz

    ilovetruckz Light Load Member

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    Oct 6, 2021
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    It's all a bunch of smoke. A new Canadian can get a truck and insurance through day & ross or transx without a problem. This country is a joke.
     
    beastr123 Thanks this.
  5. Condi

    Condi Light Load Member

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    Sep 9, 2012
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    It was supposed to prevent flipfloppers with zero experience but with tons of cash from buying brand new trucks and working for peanuts. I personally know a guy who came here and bough a brand new 760 for cash. How many of us can do that ?
     
    Last edited: Nov 28, 2022
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