Insurance premiums going up?

Ouch.

Won’t be to long before they will require all that electronics, lane departure, auto braking, active Cruze control....... oh and no human driver!

 

I've heard rumors mine Renues next month haven't heard anything from my agent.

 

Yes

 

I think we're heading for an insurance crisis just like with health care. Rates are going to go through the roof over the next couple years because some insurance carriers are pulling out of the market, and they've been getting hit with huge claims. Don't hesitate to shop around with other brokers at least 90 days before your renewal. This will eventually cause freight rates to rise even more to offset the higher costs of insurance.

 

My renewal is the same as last year. Renews in July, miles are about the same year over year. No claims, one tow job they paid for on a break down.

 

For my truck that is insured OTR it's a shade over 6K for the year, the others are on short distance so a lot cheaper. The law suit settlements have been crazy I think lately. That Werner judgement for an accident Werner didn't even cause, wrong place wrong time, was insane! I think like 90 million was the judgment, the family of the deceased (they caused the accident) sued civil and won. Werner nor the driver were cited in the crash. We can thank mostly lawyers, biased court systems, misinformed media, really bad trucking companies, and some drivers.

 

I don't think that Werner judgment will hold up on appeal. In fact, I hope the entire case gets tossed out on appeal.

 

Indeed and you bet your ### they'll appeal it as many times as they can. For once I'm on a mega's side.