need affordable cargo insurance progressive is too expensive

Discussion in 'Ask An Owner Operator' started by randiesel, Mar 18, 2011.

  1. randiesel

    randiesel Bobtail Member

    3
    0
    Mar 18, 2011
    0
    i drive a f350 99 and haul one car at a time in an enclosed trailer. i'm paying $700 a month for the insurance. i'm 22 with a clean driving record. is there a company i can use that's cheaper or am i screwed because with this insurance cost and gas prices i'm gonna have to give up because i won't make any money.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. walleye

    walleye Road Train Member

    3,028
    4,306
    Aug 21, 2007
    Land of Cheese
    0
    The biggest reason you won't make any money is your only hauling one car at a time,....

    The other reason you won't make any money is that your hauling cars in the first place,...
     
  4. randiesel

    randiesel Bobtail Member

    3
    0
    Mar 18, 2011
    0
    okay well it's either this or nothing because i'm only capable of hauling one car at a time and only cars. That aside. i'm only wondering if there's a cheaper insurance company i could use.
     
  5. RedForeman

    RedForeman Momentum Conservationist

    4,875
    22,141
    Jan 30, 2011
    0
    Now you know why nobody does commercial car hauling with a light duty truck and small van. That said, if you have steady work and customers paying over $2/mile to haul their toys around, the business model works the same as it does for a big truck.

    Did you build a business model and care to share your assumptions?
     
  6. BigBadBill

    BigBadBill Bullishly Optimistic

    4,599
    4,439
    Oct 2, 2010
    Chattanooga, TN
    0
    First factor is your age. I would start hitting agents looking for qoutes. They are all going to be asking same questions so get them in an email and as you make contact just shhot the info off. Will save lots of time. But you may get lucky and find some guy with upstart insurance that is cheap. But you will be trading service and stability for a cheaper price. So if something happens you may find your coverage is worthless. But you get to run your business for a bit.
     
  7. cpape

    cpape Desk Jockey

    2,151
    2,263
    Jul 15, 2010
    Dubuque, IA
    0
    I would suggest looking for a different way to make money. We pulll 48' flats and steps, and can rarely compete with what a car hauler will move a car for. I don't know how you are making money.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.