Insurance Costs

Discussion in 'Ask An Owner Operator' started by Beaver9, Jan 9, 2023.

  1. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    What is your new rate for the new year?

    Anyone renewed recently?
     
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  3. Siinman

    Siinman Road Train Member

    5,480
    14,070
    Mar 5, 2017
    Kansas City, MO.
    0
    Got mine for 12,000 but moved to Great West from progressive. 4th year. All new equipment 23 Volvo 860 and 22 Utility dry van.
     
  4. Beaver9

    Beaver9 Heavy Load Member

    966
    1,183
    Jun 15, 2020
    0
    Great West wanted to raise mine by $500. But actually it went down $400 when I pushed my agent to get a better rate, so I don't change it elsewhere. Mine is close to $9,500. It's going to be my fourth year as well. I have a Great Dane reefer and Kenworth T660. Not NEW.
     
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  5. Midwest Trucker

    Midwest Trucker Road Train Member

    5,914
    21,388
    Aug 31, 2018
    0
    I mean that’s far from horrible for sure. I don’t see you ever getting below $7500 and as costs rise you’ll be doing good to maintain IMO. You could try raising deductible to $5000 like I do since I generally pay for any damages myself. Sounds like your the same.
     
  6. abyliks

    abyliks Road Train Member

    4,071
    9,579
    May 2, 2010
    ludlow MA
    0
    pretty sure I had mine at 2500 but that was when I first started and everything was tighter, I may check that now as mines right at 20k for everything.

    don’t even want to know what you pay with as many as you have
     
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  7. georemo

    georemo Light Load Member

    74
    65
    Mar 28, 2020
    0
    My renewal is in two weeks, I got a call from my agent today, same rate as last year so $23k without Hazmat and $40k with Hazmat class 2,3,4,5,6, and 8, my policies are 1 million Auto, 2 million general liability, 35k trailer interchange, 100k cargo, and physical damage coverage for my truck.
     
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  8. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    9,509
    31,443
    Jan 20, 2010
    Hesperia, Ca.
    0
    My renewal was on the 18th, premium dropped a while whopping $400.00. The broker agent waived ALL all broker and misc fees cause she said I’m good looking. :cool::p.
     
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  9. Phoenix Heavy Haul

    Phoenix Heavy Haul Medium Load Member

    469
    1,398
    Feb 8, 2022
    Raleigh NC
    0
    Mine renews in March going into my second year. Anyone besides Progressive I can switch too in year 2 or am I still stuck with them?
     
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  10. D.Tibbitt

    D.Tibbitt Road Train Member

    22,563
    155,660
    Apr 26, 2013
    Gettin' down westbound
    0
    18k my 1st year of authority in 2022. Went down to 14.5k this year.... 1mil liability and 250k cargo.. progressive.
     
  11. D.Tibbitt

    D.Tibbitt Road Train Member

    22,563
    155,660
    Apr 26, 2013
    Gettin' down westbound
    0
    You may try great west.. They seem to be the preffered among many owner ops in this forum.. Especially for anything outside of the normal general freight... Probably going to be hard to beat progressives price... Everyone i got a quote from wanted to double my rate from what progressive offered me...
     
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