New CDL and getting insurance

I had customers lined up and committed before I even found the truck I bought

 

$16000 is an awful lot for insurance.

 

What kind of trailer flat reefer van ?

 

So you think the 3 weeks out with your friend was enough to know and now you wanna buy a trk and run on your own huh?Three weeks isn't even a beginning of how much you need to know.I do admire your determination though but it looks like you're going to have to get some exp before insurance will cover your trk.

 

Is your insurance obtainable.......yes, but given no CDL Experience (less than 12 months), new venture, new DOT # etc, you hit just about all our "price" factors.....consequently for $ 1MM liability, $ 30K UM, $ 25K Trailer Interchange, $ 25,000 Phys Dam on tractor and $ 100K cargo I come up with $ 45,000......

 

Correct, the company I used to lease under wouldn't take anyone on unless they had 2 years experience and a clean record.