Insurance Issue, Need Help ASAP!

Discussion in 'Ask An Owner Operator' started by EMCO_Trans, Mar 26, 2016.

  1. EMCO_Trans

    EMCO_Trans Light Load Member

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    Jan 1, 2016
    Iowa
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    Hey guys,

    About 2 weeks ago I got a notice from progressive that they are dropping me due to adding too many trucks too fast. I am up to 6 trucks in 4 month period. When I first got insurance with them they told me I was good up to 10 trucks so I did not worry about it... well now they are dropping me and not wanting to change their mind. The problem is all the other companies are quoting me 20k per truck a year and some wont allow more than 2-3 trucks! That is well over double what I was paying with progressive. Anyone got any recommendations? Can I somehow dispute this even tho they are telling me they made up their mind??? Does anyone know a cheaper company? Btw I am being quoted high permiums because I am a new venture...but how come progressive did not quote me this!? I feel like this is putting my company in danger of either shutting down or downsizing to 2-3 trucks. Any recommendations? I have been calling all over for quotes.
     
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  3. baha

    baha Road Train Member

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    How many tic. + out of ser. the drivers have had makes a differ. do you have a co. thats telling you when drivers are insp. so they are not signing insp. reports and sending them back to state that wrote them with you not seeing them?
     
  4. EMCO_Trans

    EMCO_Trans Light Load Member

    127
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    Jan 1, 2016
    Iowa
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    Company is only 4 months old. There was only 7 inspections done and 1 driver failed because he did not do his time correctly and was over by like 15 minutes when he tought he had another 45 min to drive. His excuse was he used cst instead of est or some bs. I am still pretty upset about that.
     
  5. HalpinUout

    HalpinUout Road Train Member

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    It shows an accident/tow away on the DOT's website when I looked up your company.... That could play a role in it
     
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  6. Largecar359

    Largecar359 Road Train Member

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    Having a company only 4 months old is gonna hurt you. If you've been in business for 15 yrs. you could use that as a negotiating point. But only 4 months gives them every reason to drop you or not sign you without high premiums.
     
  7. Largecar359

    Largecar359 Road Train Member

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    Yeah, if that's true then your gonna be quoted 20k per truck all day long. Maybe his truck was in an accident and towed without him knowing.
     
  8. stayinback

    stayinback Road Train Member

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    chicago,il
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    See, This is a picture perfect example of 'Deregulation' And what it doesn't represent anymore

    Poor EMCO wants to expand, But in a strategically twisted and trashed industry that groups like the ATA,FMCSA,Large carrier interest group working for them, They want a full reciprocation of what they originally wanted 35 years ago.. Go Figure right?

    Now, They Dont want "nobodys" Expanding their business by purchasing capacity without being part of the "special interests"..They want folks like us GONE for good... Hence why Progressive is 'nervous' about your expansion
     
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  9. Largecar359

    Largecar359 Road Train Member

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    It's very bad right now. It's been getting worse over past 10 yrs, but over the last 2 yrs they have made their intentions obvious. Electronic logs, discounts to mega carriers, high premiums for small companies. Driver pay at all time low, and then they wonder why they can't get good drivers. It's all bad, no new laws are put in place to help small carriers, only benefit large carriers. Making the small carriers outlaw/criminals. I'm jacked up tonight, time to crash the gate doing 98
     
  10. Largecar359

    Largecar359 Road Train Member

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    EMCO-Trans what's the story on this phantom accident. True or BS
     
  11. 1951 ford

    1951 ford Road Train Member

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    Goddard, KS
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    Let them small, independent truckers roll, 10-4!!!
     
    jinxutoo001 Thanks this.
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