Insurance companys that insure new Owner Operators

There aren't that many companies will to write policies on what your talking about. Progressive was one and I have heard they aren't doing so anymore.

Whatever company you find it won't be cheap. I said this in a prior post on the same topic. The insurance cost for new hotshot startups will price most out of the business. I just don't see how guys are paying over $1000/month and making it.

 

In my first year with new business, new authority, new cdl hauling cars my progressive policy is 2200+ a month after I put 5k down. They know alot of businesses fail and/or have problems in the first year, they want their money upfront.

 

I have Progressive for my personal vehicle and when I got commercial coverage for my truck and trailer it was easy enough. They even asked me if I wanted my personal vehicle added but I declined. As far as I know they still are not taking new entrants. What baffles me is I have $1 Mil and $150 K cargo with full comp and collision on my truck and liability on my trailer and I'm still paying less than $1,000 a month. Seen some guys on here saying they are paying over $2,000 I don't get it. I hope you find a good insurance provider Good Luck

 

Progressive is insuring startups. I'm one of them. We pay much less than 2k per mo for it. I just put myself on my policy. It cost me (as a new CDL holder (one day) clean mvr) 98 dollars extra a year. Next year my insurance will drop dramatically.

 

So how much?

 

Lookup coastal trucking insurance. They write 4 hallmark. Ask 4 Simon(Sam). They started me up when I first got my authority. And we're half of what all the other first time insurers were.

 

Good info! Thanks

 

What are you paying per month? Thanks

 

It always goes quiet when it comes to what o/o's are paying for insurance. I don't see why.