Buying MC number?

Try the thread at http://www.thetruckersreport.com/tr...operator/189383-how-to-buy-old-mc-number.html for starters. This has been discussed multiple times on here and there are dozens of threads on here with virtually all of them saying it is not worth it.

 

It depends. How many trucks do you have to start off? If you only have one or two trucks, starting out your company will be very hard. Your overhead may be a lot. Also some brokers can't work with new MC numbers. If you have 7-8 trucks to start off with, yes it's worth it if you got good connections with brokers that can keep your trucks running for good paying loads. First year is the toughest.

 

Buying an MC isn't going to help you there. Your drivers will have to qualify for the insurance or you'll have to get a different policy, like Progressive. It's very hard and expensive to insure under 2 years experience unless you have a lot of trucks.

 

My old agent said 10 trucks was the first level of discount. I never got past 4 so I never found out. You'll probably have to find different drivers, or pay them less to make up for the price.

 

I'll sell you my MC# for $100.000.

 

I am not sure that it will help on insurance, having a new or old number. Insurance companies usually make their decisions using a number of factors. One of the most critical is your safety score, csa points and driver mvr and experience. When you are starting out and have drivers with less than 2-3 years experience, you will pay higher premiums. Some insurance companies won't even write insurance on drivers who don't have at least 2 years experience. You are probably going to have to either hire drivers with more experience or pay the higher premiums. Your time in business may be more important to some brokers. There are a few who require carriers to be in business for at least 6-12 months before doing business with them. You may be just as well off getting your own MC number rather than buying one that has been inactive for a time.

 

One thing you may also consider is leasing your trucks to another carrier until your drivers get more experience. I know some fleet owners who lease to different carriers rather than running under their own authority. A major carrier will be more inclined to be able to cover less experienced drivers under their insurance.