Question on truck insurance

I'm satisfied with Progressive. Oh, another thing they will let me do is push the payment due date further up to 10 days. Ours is usually due on the 30th of each month. If we can't cover it by then they will let me pay it by the 10th.

And if you have more than one trailer you don't have to register all of them. You just have to register at least one trailer, and if you switch to another trailer it will be covered. They are one of the few companies who will cover a driver with less than 2 yrs experience, and not require 20% down payment like most (I think maybe 10%?).

They will give you small discount if you let them draft the pymts from your checking account. And they have always been very considerate and helpful.

 

I just need Non-Trucking right now to cover my truck when I am taking it in to service, etc, until I sign with a company. I have been out of it for a while, and am not yet ready to go back on the road. Any Suggestions.
I don't think Bob-Tail will cover me on this is that right?​

 

Three quick question to owner operators: 1.) if you guys pick up an order from the board who pays insurance on the cargo? 2.) If a freight forwarder gives you a load, who picks up the insurance bill? and finally 3.) who are the major insurance brokers for one trip loads.

all the best,

james

 

I just hung up Jim at Southern Truck Insurance. He said Progressive being the only game in town for CDL grads is hogwash. There's also National Casualty and Universal who will insure no experience. Also the radius is just a matter of money. It's more expensive of course, but policies are there for whatever and whoever.

It ended up being after 5pm so I gotta wait until monday for my quote.

 

While talking with another insurance agent I found off the net he told me that even if we go outside our radius and get into an accident, the insurance company HAS to cover us. He said "Look at your policy and see if there is stipulation about not being covered if you go beyond the radius". I read what I did have and couldn't find anything stating that, but will have to look further.

 

I was wondering just how they calculate the radius? Lets say a Guy lives in Detroit, if it's a 300 mile radius do they hold you to 150 miles north south and east west. It doesn't seem like a guy would be able to get much done in such a small radius, living in Detroit that is.
TIA

 

No, it's 300 miles in any direction as the crow flies. Using the old pin and string/pencil method; put a pin in your place of business (or where the truck is parked each night), then find the 300 mile point from there. Then with a string tied to your pin and a pencil at the other end make a circle of equal distance around the center and you have your radius.

An insurance agent told me that a lot of them use the indo.com/distance/ site to get their 'as the crow flies' distances from point A to point B.

Hope that helps.

 

peterbiltcouple, that clears things up, thanks.

 

My insurance guy told me the same thing. They will pay the first claim out of radius. I don't know how many accidents you intend to have over a year, but that sounds fine with me.

But again, he said that buying a nationwide policy is just fine with no experience too, so there's no real reason to stick with the radius plan except to save on insurance.

 

How do you go about getting your worker's comp insurance? Is that something done with your primary insurer or separately?

So far my quotes for Liability were around 2k per year with a 200 mile radius, or 8k for basically national. I've asked him to re-run it for a 500 mile radius which should be a compromise and meet my needs.