Best and cheap insurance for a 24 year old?

Discussion in 'Ask An Owner Operator' started by hot day, Feb 26, 2014.

  1. hot day

    hot day Bobtail Member

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    I have 3 year experience, and next month I will be in 2 years of business with my own authority. No tickets or anything clean record, due to me driving 60 MPH yes I know its slow but its money staying in my wallet not burning out the stack. I'm based out of Indiana. Any agents you guys would recommend that will get me a good rate? THANK YOU.
     
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  3. CargoWahgo

    CargoWahgo Road Train Member

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    Erie insurance group?

    Might give them a shot out ta Seymour in.
     
  4. Edgar2191

    Edgar2191 Light Load Member

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    If you don't mind me asking how much do you pay.? What do you consider cheap?
     
  5. BAYOU

    BAYOU Road Train Member

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    Anyone that will insure you at 24 there ant many that will even look at you.
    I pay $12,500 a year one truck and two trailers....and that's cheap!!
     
  6. hot day

    hot day Bobtail Member

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    Dec 7, 2013
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    Thank you I will look them up.

    Wayyyyyy too #### much, something around $500 a month I would consider cheap compare to what I am paying now
     
  7. truckon

    truckon Swamp Thing

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    $1200-1500 a month would be what I would expect with your qualifications.
     
    BAYOU and SHO-TYME Thank this.
  8. Edgar2191

    Edgar2191 Light Load Member

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  9. Sly Fox

    Sly Fox Road Train Member

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    I'm 31, and pay $670/mo ($1m liability, $150k cargo, $25k tractor, $57k trailer, also have reefer breakdown coverage; policy started January this year, clean driving record). It's come down since the first year ($730/mo last year). First year, was $100k cargo, and an older trailer, so the price isn't comparable (but still higher than what it was last year).
     
  10. Barca

    Barca Light Load Member

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    Alexander & alexander from ky and intersafe
     
    SHO-TYME Thanks this.
  11. stayinback

    stayinback Road Train Member

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    I just reneweed mine...$5,300 Went up $100..(Dont know why) But still affordable

    basic coverage 1 million /100,000 ,no Physical Damage on my trailer..(its scrap metal anyway)


    I was at a rate of $4,800 a year back in 2008-09....Kept going up a hundred bucks every year........makes me scratch my head...my agent says..."Its increases across the board"....

    It better start going back down.. I tell them. But it never does
     
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