What GOOD insurance carriers do you know of after Progressive for owners with fresh MC numbers in Illinois????
Pleaseeeee.
I changed the financial responsibility to my spouse because of a higher credit score history? They raised the premium to $32,000!!!
Oh, my GOD!
They raised it from $22,000.
How can they change things like that?
Insurance Help!!!!!!!!
Discussion in 'Ask An Owner Operator' started by Blackhorse77, Apr 14, 2020.
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you get ANY sort of ticket? bad CSA score? filed bankruptcy? bad or not so good credit on your part?
could be they want to get out of the area you are located in?
maybe too many others filing claims or had claims filed against them? -
No negatives on our part. The spouse has a better credit score though has more spendings and taken things on credit since we started this business two months ago. We were trying to lower the premium and were told that credit score affects the premium.
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Progressive's known for pulling stunts like that. Maybe check with OOIDA?
PE_T, truckdriver31, Blackhorse77 and 1 other person Thank this. -
The credit score can affect it, but there are many factors.
Trucking experience, years that you have your CDL, Garaging location, commodity Hauled, MVR, operating radius, prior insurance, and probably many others.Blackhorse77 Thanks this. -
As a new MC# back in 2016, I started with Wesco for the liability and Great American for cargo,( I had Progressive only for Physical Damage)... another option was Loyd's of London, those quotes were in the range of 12-14K but it was 2016....
Kind of surprised that you started with Progressive, they were giving me quotes in the range of $18K - 20K at the time too. Find another insurance agent that can offer you something other than Progressive. Maybe call OOIDA, I heard that they have a workable insurance too.rachi, Rideandrepair, clausland and 3 others Thank this. -
There aren't many carriers playing in the new authority arena......Progressive and National Indemnity (Berkshire Hathaway) are writing most of the new ventures.
Based on our (National Indemnity) experience the fatality rate for a new venture is really high......based on our book of business MAYBE 2 out of 10 are in business after 24 monthsrachi, Midwest Trucker, Rideandrepair and 2 others Thank this. -
Rideandrepair Thanks this.
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That is helpful.Rideandrepair Thanks this.
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