Switching from hotshot to big rig. Insurance

Discussion in 'Ask An Owner Operator' started by Dadetrucking305, Aug 13, 2018.

  1. Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    looking at switching from hotshot to A 48’ Flatbed and was just quoted 12k from my insurance agent through progressive.I’m currently paying 9k with the hotshot.What type of rates are y’all getting?
     
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  3. pavrom

    pavrom Road Train Member

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    $9-12 per mile not including fuel surcharge
     
  4. Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    Insurance rate.And I have been at it for four r years now and drive big rigs before this.So you’re not taking me for a ride.
     
  5. HillbillyDeluxeTruck

    HillbillyDeluxeTruck Road Train Member

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    They're quoting that because a hotshot set up isnt considered otr so they quote you as a new company.
     
  6. 86scotty

    86scotty Road Train Member

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    I'm around 13k for first year O/O with Progressive. Sounds like your rate is in line. Not good but none of us get a good rate at first I'm told.

    Good luck!
     
  7. Dan47

    Dan47 Light Load Member

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    That's kind of not bad at all. What is your location?
     
  8. 86scotty

    86scotty Road Train Member

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    Tennessee but I got my insurance through CIS out of Ohio. They are solid. They will shop for you so if they can do better than Progressive they will. Give them a call.

    Just FYI, NO affiliation, just a satisfied customer. There are a bunch of insurance places called CIS too if you Google it so use this link:

    CIS - Commercial Insurance Solutions
     
  9. singlescrewshaker

    singlescrewshaker Road Train Member

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    That weird. I had the exact opposite experience you are describing..

    I started a hotshot operation in Feb. 2013. Also with Progressive. No accidents, tickets of any kind, or claims.
    2013--$5100
    2014--$5500
    2015--$6500
    2016-$7000
    2017-$10,000
    2018-quoted $12,000
    2018 switched to FLD120 & dropped to $6,500.
    Coverage amounts have not changed. They just kept saying, "rates are up all over the country".. My agent also claims it's cheaper to insure a semi because "anyone can't just jump in the seat & drive it", which is a load of stool because my hotshot still required a class A to operate while tagged @ 36,000lbs..
     
    86scotty Thanks this.
  10. Dadetrucking305

    Dadetrucking305 Heavy Load Member

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    Cibolo,Texas
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    My first year I was at 16k and they told me that hotshots were more risky and thus rates are higher.Now they tell me that a big rig is more risky and rates are higher lol.One agent told me that if they put me in the right market I should be about 8-9k with the big rig.
     
    Tug Toy and singlescrewshaker Thank this.
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