Leased on Insurance Cost and IFTA

I don't pay any liability insurance. They figure the IFTA and ding me a few dollars a month.

 

The CO. that you are leasing on pays all insur., you must pay bobtail, and fire theft if you still owe any payments on truck if you buy insur thru co then if you leave then you must change insur, its easer to have it from a co that you pay for? My last co paid all IFTA till you got 2 bad insp. then you paid it

 

I pay $44/ week for insurance, company pay ifta, I get 82% of the load

 

It is the companies responsibility to provide insurance when laden and UNLADEN, also cargo, per FMCSA. The driver, O/O would be responsible for fire and theft insurance. Now the company can charge you for insurance up to but NOT over what they pay for you. They can also require you to get unladen, bobtail insurance, FMCSA says company is responsible for having and keeping insurance on ALL truck lease on to them, FMCSA doesn't say company can't charge you back. Some company require drivers to get bobtail so if they have an accident when empty they can claim under the drivers bobtail and not company so companies insurance doesn't take a hit.