Just spoke with a broker that was recommended by a friend a couple months ago who has his authority since 2011 after I told him that I expect to pay 18k on my first year, he's been using them for a while and pays close to nothing for coverage thru Scottsdale Insurance Company hauling cars.
They quoted me 45k and said only progressive would underwrite, and that is for a dry box/general freight, no Hazmat. 25k on the truck and 15k on the box. 1 million auto liability and 200k Cargo.
I have been bombarded with calls and texts from insurance agents for the past few days after I got my DOT # promising to get me the lowest rates but I haven't answered anyone yet as I still haven't bought a truck and trailer. one of them texted saying that 1M auto liability and 100k cargo would run me 12k with 2900$ down and 990$/month subject to approval and MVR, but I'm not buying it, no way that can be true.
My LLC is one year old but I just got my DOT and MC #s. a year and a half experience and CDL, 30 years old.
If I don't get anything below 20k I'm gonna have to pull the plug on the whole thing for the time being.
Just got my first insurance quote, never thought it would be this high
Discussion in 'Ask An Owner Operator' started by georemo, Jan 18, 2021.
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Keep in mind the radius is what you run a majority of the time. If 51% of your miles are within 200 miles then start with that.
Little tricks like this they don’t tell you. Another is it’s also based off bird flight. Aka 250 miles may be 200 miles direct way of airplane/bird.
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