Purchasing my own truck - what options do I have to work under a carrier?

Discussion in 'Ask An Owner Operator' started by gibbsfree, Nov 12, 2014.

  1. skateboardman

    skateboardman Road Train Member

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    why would a carrier charge for heavy use tax, when its the owners responsibility to pay it. unless its a carrier who deducts for the yahoo who cant save 550 bucks a year, like in lease /purchase programs
     
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  3. skateboardman

    skateboardman Road Train Member

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    I would lease on somewhere else
     
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  4. gibbsfree

    gibbsfree Bobtail Member

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    You are right, I am no way ready to have my own authority. My confusion was: I thought if I had to get insurance under my own name, I would need an authority to do it. I just realized that is not the case. I can get insurance under my name (cargo, general liability, physical damage) and then lease onto a carrier's authority.

    I for one definitely got physical damage and liability for authority confused. I would greatly appreciate it if someone can clear that up. I guess I'm not sure how the whole insurance process works.
     
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  5. xsetra

    xsetra Road Train Member

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    Certificate holder, no risk at all of someone not making a payment to the insurance company.

    The OP's insurance company may not like the 2 different companies involved if there would be a claim involving the MC's insurance and vise versa.
    When I leased my LC to my "C" corporation my "C" corp insurance provider insisted the LC policy canceled for the truck I was leasing. (short version-long story)
     
  6. xsetra

    xsetra Road Train Member

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    HVUT 2290, heavy vehicle use tax is paid in July $550 or when you first use a truck on the highway.
    All states are included on your cab card starting 2015.
    There are insurance companies that will cover you with less than 2 years experience. I had Progressive, Sentry and Northland all three have covered drivers with less than 2 years experience. It has a lot to do with your entire driving record the number of drivers insured and the risk the insurance company perceives the entire Motor Carrier may be.
     
  7. skateboardman

    skateboardman Road Train Member

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    you think that might because the insurance has to be in the carriers name?? might be the reason you have insurance for authority in the first place, at the very least the company you would be leased would have to be named additional insured which normallt costs another fee.
     
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