Loaded insurance rates you are seeing for O/O hauling crude

Discussion in 'Oilfield Trucking Forum' started by Rockdoctor, Mar 1, 2019.

  1. Rockdoctor

    Rockdoctor Medium Load Member

    I'm trying to figure out, what kind of insurance rates are you paying to the company you are leased onto?

    I am not talking about your bobtail insurance cost, I am specifically looking for the amount you are billed each week or month by the carrier you are leased onto while under a load.

    Example: At the company I was leased onto last year, they retained $58 per week to cover the insurance they had on my power until while I was under their load.
     
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  3. tompetty69

    tompetty69 Light Load Member

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    Jan 9, 2015
    TX Panhandle
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    I paid right at a grand per month at every company I was with except Lessley and he paid for it.
     
    Rockdoctor Thanks this.
  4. Rockdoctor

    Rockdoctor Medium Load Member

    Thanks for the feedback! I'm trying to understand if it makes sense for me to go and form my own authority if I am already picking up 100% of the cost of the insurance.
     
  5. Cat sdp

    Cat sdp . .

    19,884
    64,256
    Apr 8, 2012
    Orion's Belt
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    $58 a week wouldn’t come close to paying liability on a new entrant dot/mc number...

    I’ve heard $12 grand and up numbers are the norm.....and that’s non haz.
     
    Last edited: Mar 2, 2019
  6. spindrift

    spindrift Road Train Member

    3,225
    12,879
    Dec 2, 2014
    Texas
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    $132/month plus 3.48% of truck's value divided by 12.
     
  7. Deere hunter

    Deere hunter Road Train Member

    1,274
    3,874
    Aug 5, 2017
    Shallowater Texas
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    That looks like just collusion to me !
     
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