Are these insurance quotes reasonable???

FL is like the worst place to start a new venture

 

Are you sure your getting rates for a pickup operation. That's seems rediculous. As cargo should be about 200 a week? Physical should be almost nothing if your truck is brand new it will be almost worthless in 2 years if you run 100,000 miles per year.
I am not sure but isn't liability minimum limit $500,000 necessary as a federal requirement.

 

$750,000 is minimum.... I carry 2 million

 

Depending on where in FL, that may or may not be a high premium.

In addition to the "new venture" and new DOT#, a lot depends on how long you've had your Class A.

We are a truck insurance CARRIER. (Berkshire Hathaway) Our pricing in CA for a new venture/new DOT runs typically $ 30,000 - 50,000....and can get as high as $ 60,000 - 80,000 for a 23 year old with a NEW Class A CDL.

Not much market capacity for new venture/new DOT operations, as the carriers who tried to write that book of business at $ 12,500 for liability got their head handed to them, and are now out of trucking for hire.

 

You just hate oranges.

 

dam I got my numbers two month ago . 200.000 cargo 1 mil liability 60000 physical. through progressive 1000 dec cost me 7300 a year

 

Hey dude I'm also in FL and my 1st quote from Progressive was also in the $30k range.. I can tell you why..

If you go with Progressive you have to tell them you will not haul cars, no oil fields for at least your 1st year. If you tell them you wont be hauling cars the rate will cut in half. After I talked to a 2nd agent & told them no cars my quote went from $30k to $12k if I pay cash or $14k if financed..

They consider cars a low grade hazmat because of the fuel tanks..

I was quoted this about a month & a half ago..

 

Car carrier is the problem, they consider cars low level hazmat due to fuel tanks.