Insurance - New O/O

Here's the breakdown. As a rookie driver, obtaining insurance will cost a fortune. You now see why the mega carrier who will hire anyone with a pulse pays so little.
Insurance companies view you as a risk, and rightly so. Best advice stay a company driver for at least another 2 years and prove yourself with a clean record. Once you have 3-4 years solid experience, then start calling for insurance.

 

Friend of mine recently got just under $10,000 with progressive as a new o/o but he had 27 years driving comercial vehicle with a spotless record and an excellent credit score in the 800 area. So you getting a $14,000 quote sounds reasonable.

 

I'm not waiting that long....HELL NO.

I was quoted $13K if I got my own Authority (1 yr CDL). I know an O/O that pays $18K and he has 20yrs experience

 

It depends on the area you live in as well.

 

Have you talked to an insurance broker? They can shop your deal around to dozens of providers and find the best deal. My insurance with 150k cargo, reefer is just over 1500 a month. That's typical from most examples I can find. Insurance isn't cheap and it seems to get more expensive every year.

 

Especially the first year. After two years, by an example of some people I know, it could be reduced well below 10K. Part of the reason I did not want to jump off with reefer was the insurance cost, plus the reefer cost, as I considered only a new one. I had bad experiences - horrors with used reefers as a hired driver, so If I ever decide on a reefer it will sure be new. So I will let the idea wait for now.