Commercial Insurance that does not need to be Paid In Full...in Texas.

Discussion in 'Questions From New Drivers' started by tjames1984, Aug 23, 2013.

  1. tjames1984

    tjames1984 Bobtail Member

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    Aug 23, 2013
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    Progressive would have been great to go with...they actually answered the phone on the weekend...but they don't allow payments- only paid-in-full for the policy....and just starting up- we don't have 5 grand to drop all at once on a policy...so...they're not it for us...for now...
     
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  3. G/MAN

    G/MAN Road Train Member

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    You don't need to pay your insurance for the entire year in advance. Most insurance companies will allow you to pay about 20% down and finance the balance over 9-10 months. I pay my insurance monthly with no down payment other than the first month in the renewal period. I prefer equal monthly payments so that I can more easily budget. I used to renew my insurance at the same time that I paid my IRP. At the time I was with a company that required the big down payment. It was a hard hit all at one time, especially with more than one truck. If your agent can't finance the coverage over 12 months or at least with a smaller down payment, I would continue looking around.
     
  4. Ridgeline

    Ridgeline Road Train Member

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    I second that, the only time I heard of people having to pay up front the entire amount is if they were new to the business, had very poor credit rating or crappy driving record ... oh and default of payments against them.
     
  5. Charli Girl

    Charli Girl Road Train Member

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    I've never heard of P.i.F...never. I second Ridgeline..Thats really impossible just starting out.
     
  6. truckon

    truckon Swamp Thing

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    been insured with progressive a while, then this year they said that due to my credit rating I had to pay it in full, nothing new on my credit, I've just never had credit period . . they said its something new that they are doing.
     
  7. Charli Girl

    Charli Girl Road Train Member

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    Mar 23, 2013
    Houston,Tx
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  8. truckon

    truckon Swamp Thing

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    Like I'd tell you!
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  9. Charli Girl

    Charli Girl Road Train Member

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    Well if you're happy we are happy!:biggrin_25514: I have to say their customer service is MUCH BETTER!!
    i just found them to be a lot higher...
     
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  10. mikec265

    mikec265 Medium Load Member

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    Oct 25, 2009
    Dumbed Down Land, WTF
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    Progressive offered a policy/quote to me last week. 2 months up front and 10 monthly payments. i have great credit. i have been thru hard times in the past 2 years but i fought like hell to protect my credit. i did a lot of things i didnt want to do, but i protected that credit.

    So your credit must be pretty bad i guess.....
     
    Charli Girl Thanks this.
  11. truckon

    truckon Swamp Thing

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    or just no credit. .. some of us are well enough off that we don't need to borrow. ..
     
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