100k for a year with two accident on your record and a new CDL? Sounds normal to me. I couldn't hire you with 1 accident, 2 and I wouldn't want to. That's a bad driver right there.
Insurance
Discussion in 'Ask An Owner Operator' started by Batman13, Mar 25, 2021.
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Typical for a new venture, new DOT in CA with 2 accidents.
Really belongs in the CAARP......few markets would write him, even at that price.
In the insurance biz, the $ 100K for a single unit is a "go away" quote. -
Im guessing letting your dot# age is a good idea?
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Age of your DOT# is one criteria we use to analyze a trucking risk.
Typically takes to 24 months before the new DOT# is no longer a underwriting issue. -
Brettj3876 and Vampire Thank this.
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I was quoted 1400 a month, 2300 down with ooida.. That includes both Truck and trailer.
Vampire and Rideandrepair Thank this. -
Problem with OOIDA is it seems to limit who you can haul for.
Rideandrepair Thanks this. -
I’m up to $9200 per yr. It’s steadily gone up a couple hundred per yr. Only one small claim, a few yrs back. Regardless it always goes up every year. On average 50% over 17 years. I had Ooida, the first 7 yrs. there were a few Brokers and Carriers that wouldn’t recognize them as a Legit Insurance Co. I guess it’s technically a risk management Co. Along with a few that Ooida sued. Every month, I’d get a rolling list of 3-10 Companies that required a phone call to Ooida, before hauling a load. Some Brokers, Landstar for instance would overlook them, if they needed a Load covered bad enough. All said, they were good and didn’t jack my rate up, even after I had a serious accident. A few yrs later, I found a lower premium, and switched. Ooida might be your best bet, starting out. Premium wise.
Vampire Thanks this. -
100k is high and as another poster stated....a go away quote.
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