Insurance without 3 years of experience

Discussion in 'Canadian Truckers Forum' started by takeoffm, Feb 24, 2022.

  1. takeoffm

    takeoffm Bobtail Member

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    Feb 24, 2022
    0
    Hi everyone,
    I bought a truck for moving company and was trying to get insurance for it. I did not know that the process can be that complicated and expensive in Ontario, because before I worked only in US.
    The only option I could get is Facility which has a premium of $16,000. It’s almost a trade-in value of my truck.
    Asking for advice and help regarding commercial truck insurance without 3 years of verifiable experience.

    Thank you in advance!
     
    Russell The Trucker Thanks this.
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  3. Bad Bones

    Bad Bones Bobtail Member

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    Feb 4, 2022
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    My friend is unable to get any quotes at all. Do you have the contact info for where you got that quote? Thanks!
     
  4. Magoo1968

    Magoo1968 Road Train Member

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    Mar 18, 2021
    St Malo mb
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    Almost impossible in Ontario. A buddy has his own company with 5 trucks great safety record . His son got his cdl at 18 he ended up putting a truck on with a Manitoba company so he could get experience even after two clear years they wouldn’t let him sign his son on without premiums almost doubling . Crazy thing is a lot of fly by night companies are plated from Ontario
     
  5. GenesisTransport

    GenesisTransport Bobtail Member

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    Mar 30, 2020
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    Try cooperators..do you have any experience? How long have you held your commercial license and is it a new cvor? all these things can have an effect. dm me and I will send you my contact at cooperators. I paid 43K first year through facility. It is highway robbery at its finest.
     
  6. MTMA Logistics

    MTMA Logistics Bobtail Member

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    Mar 15, 2022
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    Please DM me your contact at Cooperators. Thank you
     
  7. Elroythekid

    Elroythekid Road Train Member

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    Sep 9, 2010
    Halifax Nova Scotia
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    I've been an owner op for 15 years, I got a quote last year to try to go out on my own and the quote was $25k. I tried shopping it and the next broker I went to said she couldn't quote me as the first broker BLOCKED me from getting quotes from any others?
    She said I may get a lower rate if my "carrier profile" was good. I explained I dont have a "carrier profile" I've always run under someone else's numbers.
    She said somehow I still needed to get my "carrier profile" or I wound get covered, but had no idea how or where I get that. She said I'd need to get it from my 2 previous companies. I gave up.
     
  8. Bad Bones

    Bad Bones Bobtail Member

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    Feb 4, 2022
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    Are you able to pick and book your own loads running with someone else’s numbers? If so, I would like to ask you some questions. Thanks!
     
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