Insurance Providers

They take the driver's years of experience in consideration but being a brand new entrant is going to be pricey depending on where you're based out of. Get several quotes from numerous agents to get an idea. If you can make it for two years it'll drop significantly.

 

Find a way to move your business to South Dakota. It’s probably the most friendly state for trucking.

You didn’t say whether you were going to get your own authority or going to lease on.

 

He wouldn’t qualify for a NE tax exempt number if he moved his business to SoDak if he’s going to run on his own authority. Also you get dinged for 3% tax on his truck and trailers the first time he licenses them.

 

Can you find equipment similar to what you plan to buy and use the VIN from those? Truckpaper ads have the VIN listed a lot.

 

I am currently getting quotes to reactivate my authority, and I can tell you that in Florida the quotes are so high they are basically saying we dont want to insure you! There is no way to make the business work with some of the quotes Ive been getting. Basically, Id run all year just to pay the insurance company and not myself. But, one agent told me that Gieco is doing commercial insurance and undercutting everybody. I did the online form and if I filled it out correctly their quote is 50% of what the others were quoting. In the Florida market its still a high quote as far as I am concerned but it would at least get me in the ballpark to run and make a profit or at least pay myself and not just some insurance company.

 

Sending you a pm with an agent contact.

Great guy out of Palm Coast area. He set me up with GEICO. Got it for me less than half what Progressive wanted. That’s even with me having $250k in loss runs.

 

Thank you! I will call today. Is there an extension for that person in your contact?

 

If you are a 1 man show, why the llc? It won't give you any more protection than without it.