Is it helpful to buy an older Mc number?

Discussion in 'Ask An Owner Operator' started by Newtrucker1983, Jan 19, 2019.

  1. Socal Xpress

    Socal Xpress Road Train Member

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    TallJoe Thanks this.
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  3. m16ty

    m16ty Road Train Member

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    My numbers go back to 1984. Make me a offer, if good enough you can have mine and I'll start new.
     
  4. TallJoe

    TallJoe Road Train Member

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    Some myths are ridiculous. Error and trial is how everybody learns. No way to avoid sweat and low blows. I yet to see someone showing how well they did after buying the MC# - just the number. Spending money on it seems like the very first error on the "error and trial " path to learn.

    Unless it could proven or shown that Premium Insurance can be actually bought cheap, without any deception to the Insurance Carrier when you present yourself as an old MC#.
     
    Last edited: Jan 20, 2019
    exhausted379 Thanks this.
  5. Newtrucker1983

    Newtrucker1983 Bobtail Member

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    What are you thinking
     
  6. Newtrucker1983

    Newtrucker1983 Bobtail Member

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    I’m new here and I don’t know
     
  7. Newtrucker1983

    Newtrucker1983 Bobtail Member

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    H
    how to respond privately
     
  8. Newtrucker1983

    Newtrucker1983 Bobtail Member

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    My brother bought a Mc number last year my current insurance is about 2000 a truck per month his was the same also he went from that to paying 500 a month per truck because the number he bought and assumed business had more than 5 years
    brother bought a Mc number
     
  9. Newtrucker1983

    Newtrucker1983 Bobtail Member

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    That’s a
    huge difference
     
  10. TallJoe

    TallJoe Road Train Member

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    So does it mean that it is all legit to buy a matured MC# in order to have discounted Insurance rates? If so, this means that insurance underwriting policies don't make sense. For example, I bought insurance as a seasoned driver and owner op. and according to this I was a larger liability risk than say an ex union plumber who in his retirement - solo 401 invested/bought an older MC#. I can't see any logic.

    Edit:
    My first year close to 15K
    2nd year 10K
    3rd year slightly below 10K I think had I had time to shop around more it could have been closer to 8.5 - 9K.

    2 year old MC# gives 5K -6K discount in my case

    As far as work as rates, it is hard to estimate but if someone has nothing but load-boards to work with, it does not matter too much. After 6 months most brokers will work with you and pretty much all after one year.
     
    Last edited: Jan 20, 2019
    Bean Jr. and Ruthless Thank this.
  11. Grumppy

    Grumppy Trucker Forum STAFF Staff Member

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    Click on the members profile/avatar & his account profile will open in a little window. click "start a conversation". A new window will open that looks just like starting a new thread.
     
    Last edited: Jan 20, 2019
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