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Insurance Premiums Going Up

Discussion in 'Other News' started by mjd4277, Jun 18, 2020.

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  1. Jun 18, 2020 #1
    mjd4277

    mjd4277 Road Train Member

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    Fitchburg,MA
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    mjd4277, Jun 18, 2020
    mjd4277, Jun 18, 2020
    #1
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  3. Jun 18, 2020 #2
    LoneRanger

    LoneRanger Road Train Member

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    Everything in trucking is now done to push owner ops out of the industry.
     
    LoneRanger, Jun 18, 2020
    LoneRanger, Jun 18, 2020
    #2
    nredfor88, Ffx95 and clausland Thank this.
  4. Jun 18, 2020 #3
    Atlaw4u

    Atlaw4u Heavy Load Member

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    Yep, if it passes I just may be selling the truck. I just run part-time and thus, I don't think I can afford to keep 2M of insurance.
     
    Atlaw4u, Jun 18, 2020
    Atlaw4u, Jun 18, 2020
    #3
    Doealex and Ffx95 Thank this.
  5. Jun 18, 2020 #4
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    That is a very misleading headline. The House did not vote on this. The Transportation committee voted to accept the amendment to the new highway appropriations bill to increase these costs. It still has to pass the full House voting and then ppass the Senate. Not a done deal.
     
    kemosabi49, Jun 18, 2020
    kemosabi49, Jun 18, 2020
    #4
    Dino soar, Rideandrepair and nredfor88 Thank this.
  7. Jun 18, 2020 #5
    ZVar

    ZVar Road Train Member

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    While true, let's be honest. How likely is a bill like this to not get passed once it's out of committee?
     
    ZVar, Jun 18, 2020
    ZVar, Jun 18, 2020
    #5
  8. Jun 30, 2020 #6
    mjd4277

    mjd4277 Road Train Member

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    Oct 4, 2015
    Fitchburg,MA
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    mjd4277, Jun 30, 2020
    mjd4277, Jun 30, 2020
    #6
    PE_T Thanks this.
  9. Jun 30, 2020 #7
    Atlaw4u

    Atlaw4u Heavy Load Member

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    Call your representatives!
     
    Atlaw4u, Jun 30, 2020
    Atlaw4u, Jun 30, 2020
    #7
    PE_T Thanks this.
  10. Jun 30, 2020 #8
    Doealex

    Doealex Medium Load Member

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    So you think owner-operators are going to get hosed? Everyone is going to suffer the same. The ones with claims (higher loss run ratio) will suffer the most.
     
    Doealex, Jun 30, 2020
    Doealex, Jun 30, 2020
    #8
  11. Jul 1, 2020 #9
    LoneRanger

    LoneRanger Road Train Member

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    everyone might, but owner ops, the one man crews are going to suffer the most.
     
    LoneRanger, Jul 1, 2020
    LoneRanger, Jul 1, 2020
    #9
  12. Jul 1, 2020 #10
    Doealex

    Doealex Medium Load Member

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    Feb 21, 2018
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    Unless you run Megas loss run ratio, you don’t know that. Insurance companies found out that drivers become the safest after running about 5 years. How many drivers do Megas employ with 5 years or more of experience?
     
    Doealex, Jul 1, 2020
    Doealex, Jul 1, 2020
    #10
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