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Insurance $$

Discussion in 'Ask An Owner Operator' started by Inthedark, Jul 12, 2016.

  1. Jul 12, 2016 #1
    Inthedark

    Inthedark Light Load Member

    98
    91
    Jul 12, 2016
    springfield MO
    0
    This is my first post.

    I am changing careers for the third time in my life. Have a CDL A with X, and will be tied to a transport company for a year, due to the CDL school. When I complete my first year, will the cost of insurance be much more than if I was to drive as a company driver for a second year? My goal is to purchase a tractor (no fleece purchase), then contract on to a decent carrier.

    Thanks for your time,
     
    Inthedark, Jul 12, 2016
    Inthedark, Jul 12, 2016
    #1
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  3. Jul 12, 2016 #2
    strollinruss

    strollinruss Road Train Member

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    Jun 5, 2012
    Montgomery, TX
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    If you 'lease' on with a carrier they pay the insurance. All you pay is the physical damage. Make sure you are gonna like this gig before you get into debt with some truck note. Buy and old cheap truck and test the waters first.
     
    strollinruss, Jul 12, 2016
    strollinruss, Jul 12, 2016
    #2
    Inthedark Thanks this.
  4. Jul 12, 2016 #3
    Pepper24

    Pepper24 Road Train Member

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    Dec 3, 2010
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    If you lease to a carrier there paying insurance in most all cases .Your only paying bobtail maybe $40 a week and physical damage for truck if finaced depends on price of truck $50,000 truck maybe $150 a month
     
    Pepper24, Jul 12, 2016
    Pepper24, Jul 12, 2016
    #3
    Inthedark Thanks this.
  5. Jul 13, 2016 #4
    Little Eddy

    Little Eddy Medium Load Member

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    Mar 8, 2014
    0
    The transport industry is like no other and life as an OTR driver is not a life many adjust to easily.
    Consider this like a marriage that as a company driver you can annul but once you purchase a tractor you're in it for better or worse.
    Take your company driver time to see if this is a long term commitment you are ready for. There are some very strange members of the family with very odd and peculiar habits you will have to accept. The neighborhood of shippers, truck stops, DOT regulations also are part of this new family.
    Sample the milk awhile before you consider buying the cow.
     
    Little Eddy, Jul 13, 2016
    Little Eddy, Jul 13, 2016
    #4
    Inthedark Thanks this.
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