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When to get the process started for getting own authority.

Discussion in 'Ask An Owner Operator' started by Last_over_hill, Jul 23, 2021.

  1. Jul 23, 2021 #1
    Last_over_hill

    Last_over_hill Light Load Member

    80
    32
    Sep 29, 2011
    0
    I'm currently a company driver for FedEx Freight and I'm considering getting my own authority to become a owner operator. I am thinking about setting it up to get started in either January or March of next year. When is too early to start the process? I know it takes a month or two to be approved once the application is submitted. I couldn't find any info as to what issues there maybe if I apply and get my authority but don't use it immediately.
     
    Last_over_hill, Jul 23, 2021
    Last_over_hill, Jul 23, 2021
    #1
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  3. Jul 23, 2021 #2
    gekko1323

    gekko1323 Road Train Member

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    2,274
    Jul 14, 2018
    Henderson, NV
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    Contact OOIDA.
     
    gekko1323, Jul 23, 2021
    gekko1323, Jul 23, 2021
    #2
    iledbett and Bean Jr. Thank this.
  4. Jul 23, 2021 #3
    Dino soar

    Dino soar Road Train Member

    4,589
    21,825
    Dec 8, 2017
    0
    Join OOIDA.

    Pay them to do your Authority for you.

    They will explain everything to you they will make sure everything is done correctly it is positively the best approach for you.
     
    Dino soar, Jul 23, 2021
    Dino soar, Jul 23, 2021
    #3
    JoeyJunk and baha Thank this.
  5. Jul 23, 2021 #4
    ibcalm19

    ibcalm19 Road Train Member

    1,439
    2,398
    Nov 30, 2015
    Pennsylvania
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    The insurance is the biggest. I would start talking to insurance companies to get a quote. It will more than likely only be three available OOIDA, Progressive, Berkshire that will insurance a new authority. All the best on your journey
     
    ibcalm19, Jul 23, 2021
    ibcalm19, Jul 23, 2021
    #4
    Bean Jr. Thanks this.
  7. Jul 24, 2021 #5
    Last_over_hill

    Last_over_hill Light Load Member

    80
    32
    Sep 29, 2011
    0
    I checked into Progressive and they were wanting $25k for insurance. Contacted 2 Berkshire agents and one said he'll get back with me on quotes and the other said ballpark he expected was no more than $15k (more suspected in the $10k-12k range). He couldn't give me an exact quote though until I got a DOT number. Tried contacting OOIDA but I guess it must have been late in the day and I could only leave a message after the operator transferred me. I did go ahead and become a member though. Thanks for the advice!
     
    Last_over_hill, Jul 24, 2021
    Last_over_hill, Jul 24, 2021
    #5
    ibcalm19 Thanks this.
  8. Jul 24, 2021 #6
    Socal Xpress

    Socal Xpress Road Train Member

    1,855
    1,957
    Dec 6, 2014
    Los Angeles, Ca
    0
    Typically new entrants are not paying 10k to 12k. Huge risk involved so 18k or more is not unheard of.
     
    Socal Xpress, Jul 24, 2021
    Socal Xpress, Jul 24, 2021
    #6
  9. Jul 24, 2021 #7
    Big Road Skateboard

    Big Road Skateboard Road Train Member

    4,365
    20,735
    May 2, 2021
    0
    Start now. As a new MC you'll have issues picking up loads, but a 6 month MC has more options. I was stuck in Fargo 2 weeks ago because of this. Bad area to begin with, bit several good paying loads I couldn't pick up due to MC age.

    If you're leasing on though, no worries, and no need to start paying insurance early.
     
    Big Road Skateboard, Jul 24, 2021
    Big Road Skateboard, Jul 24, 2021
    #7
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