Independent insurance Cost for new carriers

Discussion in 'Ask An Owner Operator' started by Annonymous, Jun 30, 2017.

  1. TallJoe

    TallJoe Road Train Member

    7,490
    16,271
    Apr 12, 2016
    Chicagoland
    0
    Last year Progressive quoted me 20K a year. I thought it was their way of telling me "Mister, go somewhere else.." which I found rude. But this is more than rude, it is vulgar and obscene, they tell you GTFO. Rude they are!
     
    JimmyWells and whoopNride Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Scott72

    Scott72 Road Train Member

    2,747
    1,758
    Apr 7, 2013
    0
    You're getting absolutely raped. Had my CDL 4 years, clean record, good credit and got 8k all in for the first year through Great West.
     
    JimmyWells and Annonymous Thank this.
  4. Annonymous

    Annonymous Light Load Member

    156
    69
    Feb 2, 2017
    Connecticut
    0
    Well it is certainly a parent that my quote is astronomically outrageous and unacceptable.... There is something wrong with the quote I don't know what would make it be so astronomically high from Progressive. Now I do have a forgery felony from 2005 but that's 12 years ago. I did have a divorce that hit my credit pretty hard. And I do have 3 points on my CSA for Aloe air pressure on my trailer tire. But I mean 4 the quote to be five or six times more expensive that everybody else is that can't justify that especially with older equipment. I'm going to be calling after the 4th of July cuz I'm sure everybody's going to be closed now on the weekend through the holiday and I will post my findings with at least two or three other insurance companies and hopefully it's just Progressive.
     
  5. Annonymous

    Annonymous Light Load Member

    156
    69
    Feb 2, 2017
    Connecticut
    0
    You are absolutely 100% correct I agree with you without a doubt based on all these comments I will be looking into it much further and posting my results
     
  6. Annonymous

    Annonymous Light Load Member

    156
    69
    Feb 2, 2017
    Connecticut
    0
    So you think it's just Progressive Insurance? That would be a little relieving if that's the case... After looking at all these comments I did a little research and I have found on some blogs and other forums that Progressive Insurance does run pretty high in comparison to its competitors
     
  7. Annonymous

    Annonymous Light Load Member

    156
    69
    Feb 2, 2017
    Connecticut
    0
    Well that's a total 180 degrees difference then from what I'm being quoted and it's sickening really.
     
  8. Annonymous

    Annonymous Light Load Member

    156
    69
    Feb 2, 2017
    Connecticut
    0
    Let me ask you guys something what companies do you guys recommend for new independent owner-operators?
     
  9. TallJoe

    TallJoe Road Train Member

    7,490
    16,271
    Apr 12, 2016
    Chicagoland
    0
    Sure. Progressive for some reason, is not an option for new entrants with liability for 1 million. It also depends on what market you are based out of. Wesco, Great American, Northland, Berkshire Hathaway, Nico were mentioned to me as an option in Illinois.
     
    Last edited: Jul 1, 2017
    Annonymous Thanks this.
  10. san00

    san00 Medium Load Member

    332
    1,241
    Jan 3, 2011
    0
    Progressive is a high risk insurance provider and one of the very few who will take new CDL holder's / new DOT #'s. In your case since you have some experience I would shop around. Unfortunately most I checked with required 2 years. Great West required 2 years but worked with other carriers who could possible supply coverage.

    In my case $16,000 was about what I expected with the equipment value and my experience.
     
    Annonymous Thanks this.
  11. scottied67

    scottied67 Road Train Member

    10,826
    12,673
    Mar 14, 2010
    california norte
    0
    When you agreed to the $60,000 premium the insurance broker was probably kicking themselves for not making it an even $100,000 premium.
     
    danny23tx, Annonymous and whoopNride Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.