New driver insurance issue?

That's why $11,000. I have heard $18,000 on this forum so far from two people who wanted to start up with no experience. They never came back to post anything new so I'm guessing they gave up.

 

For a year as a new driver, that isn't bad going on your own. I figured through all my expenses on $15,000/yr liability Cargo $5000 (I feel like i'm over comping for this number, but oh well.) Truck payment 8000/yr , trailer paid so just 2000 a year for depreciation, licensing 1500/yr truck 3000/yr repairs 10,560 service (self-doing) 3840, tires 4800/yr meals,loadging, misc : 14,400/yr 96,000 mi/yr minimum current avg of 3.00gallon diesel 26,179/year

so running an avg of 2.00/mile "flatbed, or equine transport this isn't hard to do" avg 2000 miles a week 48 weeks a year, 11mpg running a dodge 5500 avg 400 miles a load 100 deadhead miles per load avg. 4 loads a week avg.

Total expenses per mile $1.23
Profit $0.77 cpm That is fricken fantastic if you are new.

The issue is all the other starting BS that you have to go through, you need contacts, then blow a lot of your profit on stupid mistakes. so that profit of 59,000ish and expenses of 94,000 ish ends up being more like 30,000-32,000ish learning, unless you already know a lot about the business do to riding with a family member for years, and I still have a crap ton of questions.

Progressive will be the best bet, and ask he gains experience, you can branch out and look at lowering your rates. my uncle runs his pete with a flatbed now for about 97cpm on expenses.

if one were to run a 5500 cab n chassis with a flat bed the expenses drop leads and bounds over time

 

Not for OTR they wont. Bobtail,.. sure,.. anyone with a CDL.

I have Progressive and have had them turn down my last 3 drivers I tried to hire.

Hurst

 

Well,. I was told this also. $7000 for driver with 1 yr OTR and 1 speeding ticket. Said not enough OTR XP.

I laid out the numbers,.. showed that he would still make more money with me even paying the insurance premium. He declined and decided to go back to the company he quit when he thought he was going to work for me. I told him not to quit until he was ready to come out with me for a test drive. Stupid is as stupid does I guess.

Hurst

 

That's ADDING a driver to an existing policy. Much cheaper. New driver getting his own authority will be twice that if not more. We already have at least two people on here that posted in the $17,000 range. Haven't heard from them since.

 

Yes,.. thats in addition to the existing policy.

I'm in business to make money,.. not eat a $7k deficit to add a driver that already has issues.

Hurst

 

Hey Paintballer. I was on the Green Machine Team in the 70's. Played with a PGP pistol 10 shot.

 

I left Progressive last year as their premium went way up and I had no claims.

 

I just got Berkshire, under one year experience, new authority, 15k truck, 10600 for a year. After I add trailer, I assume it will be another 1500 or so?