Question about insuring new owner/driver

Discussion in 'Ask An Owner Operator' started by greenant, Jun 1, 2018.

  1. Jun 1, 2018 #1
    greenant

    greenant Bobtail Member

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    Apr 25, 2012
    Laredo, Texas
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    I currently manage a small part of the day to day operations for an otr trucking company. I’m one of 3 managing partners. I have been contemplating getting my cdl and getting on the road.

    Mainly because I do not want to depend on anybody having to move my trucks if needed to and also because I would like for my check to be bigger.

    My question is about insurance. Will in most cases insurance companies shy away from insuring me as a new cdl driver? Or will they see me as a bit less of a liability since I’m part owner as opposed to a driver we would have recreuited right out of of school who has no stake in the company? Any info by anybody that has has a similar experience would be greatly appreciated.
     
    greenant, Jun 1, 2018
    greenant, Jun 1, 2018
    #1
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  3. Jun 2, 2018 #2
    Ridgeline

    Ridgeline Road Train Member

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    Your standing in the company has no consideration in insurance cost.
     
    Ridgeline, Jun 2, 2018
    Ridgeline, Jun 2, 2018
    #2
    buddyd157 Thanks this.
  4. Jun 2, 2018 #3
    Tatymar06

    Tatymar06 Bobtail Member

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    Nov 5, 2017
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    Hi, you will get a hifht quote bcs you are a new driver and bcs you are going probably OTR, when I got ours it was 22k annual the first year, including the PIP but of course i say No!
     
    Tatymar06, Jun 2, 2018
    Tatymar06, Jun 2, 2018
    #3
  5. Jun 3, 2018 #4
    nightgunner

    nightgunner Road Train Member

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    Call the insurance company. Really, that should be the first move.
     
    nightgunner, Jun 3, 2018
    nightgunner, Jun 3, 2018
    #4
  7. Jun 3, 2018 #5
    Ridgeline

    Ridgeline Road Train Member

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    I didn't catch this but the insurance company doesn't insure the driver, they insure the truck. So if you are new, your rates will go up if they feel you are a higher risk with the new cdl, but as night said you should first call the insurance company.

    By the way why would you get a cdl to retrieve a truck, just get a temp driver to do so.
     
    Ridgeline, Jun 3, 2018
    Ridgeline, Jun 3, 2018
    #5
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