I got a quote yesterday from progressive I thought you might get a chuckle out of.
Quote was for 1 mil liabilty, 100k cargo, 35k uninsured motorists, driver w/1 year otr experience and 1 careless driving ticket, hauling dry material, no pipe,steel or coils, 500 mile radius limit.
Annual premium= $34,539.00
insurance laugh
Discussion in 'Ask An Owner Operator' started by seapup, Oct 5, 2011.
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you sure that wasnt 3,453.90 if so good luck with that!
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Are you sure that either you or the agent didn't put a decimal point in the wrong spot? I believe a couple of years ago someone got a quote from an insurance company where the premium was about $36,000, but that was on Long Island. I don't recall the insurance company. I believe he moved his business to Pennsylvania and got a much lower quote. I think the new quote was about $12,000. That is still high, but much less than what he was quoted living on Long Island. For $34,000 you could buy a truck and pay a years premium in most states. -
Heck, for $34k you can buy a truck outright and lease on to somewhere and pay 4 years of premiums outright
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Move out of NJ. Lot of stuff goes missing in jersey.
SHC Thanks this. -
I was thinking the same thing. Jersey Drive at 10pm on a friday night looks like Beverly Hills....except the guys driving the cars don't own them
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price quoted was right. I asked what would it be if the driver had no tickets and it would have been 24,650.00.
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It might be worth it to get an address in another state rather than to pay that much of a premium. That is insane!!!!
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I don't pay that much and I carry $200,000 per car,$300,000 per Bentley and I thought my insurance was high.
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I would find a different business to own LOL BYE BYE trucking LOL
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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