Question on truck insurance

Stop asking questions....you're going to confuse the Lease op. Owner?????????

 

Hey Bill....what's a Lease op. Owner?

 

Was that something I said? Maybe an OO that is leased to a carrier?

 

I need help we can't rent a trailer from anywhere without paying an arm and a leg like to penske or having good credit and I am an o/o so can't do a big fleet account and get a good deal anybody know where i can get a trailer with no credit checks and not an arm and leg deposit or down payment?

 

I know this question may make me seem like a smart-##### & uncaring, however I must ask. Why do people with bad credit think there is a short cut to getting the good deals that O/Os with good credit get? Bad credit ( regardless of reason ) spells RISK to any potential lender, therefore you are going to pay for the privilege of using someone elses money. If you can't operate your business with this extra cost figured in to your budget you simply don't do it.

 

Trailer rent question in an insurance thread?!? *sigh*

 

Got another batch of quotes today:

1 Million Liability
100k Cargo (Including Reefer breakdown)
100k UM / UUM
5k Medical Payments
Unlimited Miles
Commodity: Temperature Controlled freight including frozen product.

Great West: $7600
Lancer: $6106
Carolina Casualty: $5360
Harco: $5332
Progressive: $4718
OOIDA: $4701

I'm going with Progressive again. They've always been good to me and had really good rates. I save $890 for paying the whole thing up front, and they gave me a discount for having my CDL & business for 11 years. I'm surprised so many people say they are too expensive.

 

Vision,

Those are some pretty good quotes.Sometimes Progressive will surprise and be lower than most.Not in most cases.Usually they are a market for new venture,or when claims or driver violations are an issue.If anything changes let us know.
By the way what state are you located?

 

How much a month for one million dollar coverage..I pays 1200 and it's local. Everyone says its a little high!!!

 

about $1200 more than the Progressive Insurance . $8500 for the year , that's a bit higher than some of the other fellows I know who are paying about $7100