Brand New owner operator looking for best commercial Truck Insurance.

This is 2014. You're not going to do that for under $10,000 that would be squeaky clean with experience.

 

I know. That's why I said above I pay $7,400 now!!!

 

I have had a cdl since 93. Record is clean. Got my authority in June and paying $6200/yr with gl through progressive.

 

I think the biggest thing that effects rates is where you live. My motorcycle insurance is $1,600 a year. I live in a very rich town in NH. I'm not rich, was there before they all moved into town. Anyways, all the people who never rode before went out and bought giant Harley's and got killed so I'm paying for it. My town is considered very high risk for motorcycle riders. Same with my snowmobile.

 

Oh boy.. here we go.. It is a personal score that follows you. I might have used the wrong terms, but check here. https://www.psp.fmcsa.dot.gov/psp/oa/AppInfo.aspx

 

Since you're in FL, call Judy at Benton and Parker in Orlando. 407-478-5881
She always gave me great rates from the time I was a start up until I gave up my authority.

 

Just renewed mine in North Florida. 1 million truck liability, 1 million general liability ( operating forklift, someone falling off trailer, etc. ), 50,000 cargo, 35,000 collision.Perfect record, long time customer. Just a shade over 7 grand. Northland Insurance.
It is best to find an agent who deals mainly in trucks. He will undertand your situation and speak your language.

 

Hello everyone. While I am new to this industry. (I start school next week) I do however have an extensive background in insurance.

I want to point out a mistake that everyone makes when comparing their premiums to the guy about above you. If you have a clean MVR with no losses be it at fault or not, the single greatest factor that decides what your premium will be is your credit. Any time you either get a quote or get a new policy the potential carrier will do what we call it a 'soft hit on your credit. We all it a soft hit because it's kind of like a silent look at your credit. In other words, it does not show up on your credit report. Btw, we call the report an 'insurance score. Most of the time we do not see your actual credit score or what is determining your reported insurance certificate score. If you want to see this first hand you can go to creditkarma.com.it all free and you can get your current credit score, and insurance score.

You can scream bloody murder all you want, but it really is that simple. Look at it this way, you could take a set of twins, put them both in seperate houses and cars made the same exact year with the same specs, and even though everything on the face of it is the same, the premium will always be different. And the same goes for commercial insursnce.

I hope this helps everyone understand why their premium I got be higher or lower than the guy or gal above you....

Stay safe and don't forget to pay your premium!

Btw, if you have any general questions about insursnce I will be more than happy to try and help. I cannot however speak on the behalf of any carriers

 

Then that explains a lot. Thanks for that info. Had no idea credit played into it.