Question on truck insurance

I just did a site search for "truck insurance".

This: http://www.thetruckersreport.com/insurance-calculator/ MAY be the form 79vlad is referring to.

That same search came up with other options which may help you... TTR doesn't like their own link this morning, so try the truck insurance search yourself at the top of any page...

Another thought... Where you're taking over your Dad's business, would it be possible, beneficial, and would he be willing to keep the insurance in his name until you have more proven time behind the wheel? Do understand that he may rightfully wish to avoid liability to himself... he'd still be at risk...

Best of luck with this small insurance issue, and with the future of the company...

 

I think Ron is right about your dad being on the policy instead of you. If you have an accident, the insurance company will pay for the claim. However, your dad's future insurance cost will go through the roof for hiring a driver and not scheduling him on the policy, plus because of the loss itself.

 

was you making good money b4 u went out of bizz

 

To be honest personally I was never making all that great of an income from the trucking business. I have no idea why. Maybe I needed more experience or maybe needed more start up money. I have no idea but did not make very good money owning 10 trucks and having the best owner operators in our area at the time. We had very exclusive deal with a shipper and our contract was very appealing to owner operators. And still I did not bring home very much. If you are interested in exact numbers I can take a look at my tax returns and post something.

 

I am in Florida, Progressive is higher than any other company, but seems to be good.
Contact Hadley & Lyden Insurance Winter park Fla. 407-679-9300
If they cannot help, I have no other suggestions.

 

We had several good contracts. One of them was a local grocery distribution facility. They had a very large warehouse. Our contract was for power only, we were pulling their reefer trailers. They sent us to stores around the region, withing 550 miles one way. We would go full of freight on our way up to the store and return empty on our way back. We parked our trucks at their lot. They paid us for all miles the same. Never dead head never. They paid us 1.55 per mile plus fuel surcharge for loads leaving at night and 1.50 for loads leaving in the day time. The fuel surcharge was an additional rate of about .27 CPM to about .32 CPM. Our drivers and owner operators wanted to do about 10 of these loads per month. Very appealing contract. As much freight as one can handle. Anytime an owner operator wanted to go, there was a load for him. Still I made less money owning the trucking business than being the general manager of one of the stores of the world's largest general merchandise chain of stores. I have been reading this forum and trying to understand why we did not make better money. I am trying to understand if there was something I could have done in 2008 not to go out of business. I have some new ideas now, but of course I did not know what I know now. Trucking is a very difficult business. Not only physically but also mentally exhausting. Very complex and demanding business. One must posses many qualities to operate a trucking business. From salesmanship to money management, through persuasive personality, physical ability, aggressiveness, network in the industry and very deep pockets. I personally do not know of another business quite so demanding. Even as a company driver, one must posses many of these qualities to be successful. Not only a driver must be able to operate the vehicle safely, but also needs to be thinking of time management with log books, plan trips according to truck stops and busy rest areas, plan on deliveries and pick ups in such a way that he/she would make the most miles and money. Be persuasive and likable so when speaking to the dispatcher he would get the load he wants at the time he wants it. Anyway, this is probably too much to read already I better shut up now.

 

So you have to have all the coverage’s above to be leased on with someone if you just have a tractor and your pulling there trailer?

 

Thanks jbatmick,
Actually Hadley & Lyden sent my dad a letter last week because his insurance is due for renewal next month.
So I called them for a quote. They ran me through Progressive for about 500 more than what I got a quote for, directly from Progressive.
Fleet Risk out of GA was the only ones who could give me a quote that beat progressive's rates. It was only about 500 cheaper than Progressive. Funny thing is, it's with Progressive. Figure that out?
So now I'm trying to decide weather to go with Hadley & Lyden and have an agent, or just go directly with Progressive.


Any one go directly through Progressive ever have any problems dealing with getting proof of insurance letters out to ICC authorities and states?
Is it a pain in the ###, that's worth paying a little extra to have an agent oversee all of that?
Or does Progressive take care of it pretty good on their own?

 

I'm trying to get on w/ an O/O but having trouble getting anything more than the progressive 500mi radius resriction. Recently earned CDL 11/2010, no experience but lucky enough to find a very experienced O/O to show me the ropes. Just need to utilize the opportunity.

 

Assuming it is good coverage that rate is solid for location and lack of experience. Considering you are more than likely to get in a accident in the first two years. I have been trying to get a worker at our farm that will get his CDL before harvest added to my policy to have the ability for someone else to move my truck during harvest and we are starting in the 12k range. Compared to my $6k with Great West.