Insurance going up across the board

Discussion in 'Ask An Owner Operator' started by RunningAces, Jul 2, 2024.

  1. RunningAces

    RunningAces Road Train Member

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    Just got my renewal for year five and it's about $500 more than last year. Each year before it had gone down with no claims, accidents, tickets, etc. Anyone else see an increase out of nowhere this year?

    Progressive based out of East TN with around 800 credit score. 1 million/250k cargo.
     
    Last edited: Jul 2, 2024
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  3. Judge

    Judge Road Train Member

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    I notice, a lot of companies raise your insurance after a few years there, they figure statistics of incident will go up longer your there.
    Went with Northland this year, was progressive, they jacked mine up, i left.
    ironically my car insurance is still with progressive, unless they play games.
     
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  4. RunningAces

    RunningAces Road Train Member

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    I think I'll shop around too. Haven't had any issues with progressive until now but I don't think I should have a rate increase with a perfect record. Might be inflation related, idk.
     
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  5. Judge

    Judge Road Train Member

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    Dunno, mine is 11300/year for 1 truck, 3 trailers, 1 million/100k cargo, ( most my cargo i haul is 50-75k.)
     
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  6. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

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    I’ve been with Northland way over a Decade. I’m around 10k a year. 2 million liability and another 2 mil umbrella. 2 million for general liability. 100k cargo and some other coverages. Premium only went up about 500.00 if I remember correctly
     
  7. jeffman164

    jeffman164 Medium Load Member

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    I had Progressive for 18 years. Ditched them this year.
     
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  8. Kenworth6969

    Kenworth6969 Road Train Member

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    Inflation everywhere except load rates :confused:
     
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  9. Opendeckin

    Opendeckin Medium Load Member

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    I had the same Experience with the same company. Went from 6200 to 8100 with the same coverage for 2 mil liability,200k Cargo. I went with auto owners instead though because progressive wouldn't let me do 120k on my non owned trailer and they were only 50 bucks apart.
     
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  10. Concorde

    Concorde Road Train Member

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    Insurance went up 17% for everyone across the country with the exception of Florida where it went up around 30%.

    Was announced almost a year ago and you could probably do a search and find the announcement.

    Your renewal just came late to the party.

    For those who are going to say that theirs didn’t increase..it’s because something else went down on your policy offsetting the increase.
     
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  11. Rideandrepair

    Rideandrepair Road Train Member

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    $500 on a 10k per yr policy is a 5% increase. My credit Union currently has a checking account paying 6.75%. All you can do is shop around. Make a few phone calls. Maybe get an Agent if you don’t already have one. Beats dealing directly with the Insurance companies.
     
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