Insurance Prices?

Discussion in 'Ask An Owner Operator' started by TruckerPete1990, Apr 14, 2019.

  1. branj5257

    branj5257 Bobtail Member

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    Agreed and spot on. Financial means are there, but want to be extremely wise when making the choice. Failure is not an option, but can always overpower pride and stubbornness. I have elected to pay down some debt and continue working for the company im with now and even looking to join a bigger fleet that will provide more experience. Thanks for the information and input.
     
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  3. starmac

    starmac Road Train Member

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    Fairbanks Ak
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    LOL. I drove trucks and wrenched on them for years, but it was construction or farm trucks, heavy haul, hay and even bull wagon, dirt trucks a little tanker and bulker, then I quit driving. and ran a shop for 9 years. When I decided to close up shop, I went and got a big truck payment and my own numbers, computers a couple of load boards and set my wife up in an office, and went to work. I had never ever worked for any freight outfit, or leased out one single day. That was in 99, six months later the bottom fell out, fuel tripled, big yards everywhere with repo trucks stacked on top of each other, even the finance company that I had my truck financed through went belly up. I could buy a truck like mine 50 grand less than what I owed, no way to sell out, I had no choice but to make it work. Two years later I had 3 of them big truck payments and a few good old school OO's running under my numbers, and never looked back.

    Things got tight a few times and looked like the end was near, but it worked out, it can be done.
    One thing I did have going for me, was the tools and ability to take care of 90% of my own maintanence and a couple of drivers with enough work ethic and sense to maintain a truck like it should be.

    If I would have drove for any of the mega carriers, I doubt I would have stayed in the industry over a year or two.
     
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  5. SteveScott

    SteveScott Road Train Member

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    The two biggest factors are the age of your authority and what state you live in. Third is the value of your truck and trailer.
     
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  6. starmac

    starmac Road Train Member

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    How many major cities is in the state you have your garage address in is what makes the difference, as far as locations goes, When I moved mine from Texas to New mexico, it cut in half because of it. I lived 18 mikles from the state line.
    Alaska has 3 different insurance districs. Fairbanks, anchorage, and the rest. the rest is considerable cheaper than the other two.
     
  7. PE_T

    PE_T Road Train Member

    I’ve been slowly gathering up a list of factors, and I knew I was missing a big one, the value of the equipment.
     
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  8. starmac

    starmac Road Train Member

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    Actually comp for the value is fairly cheap, compared to liability, general liability and so on.
     
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  9. Firered67

    Firered67 Bobtail Member

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    May 2, 2019
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    What company
     
  10. Firered67

    Firered67 Bobtail Member

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    May 2, 2019
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    PLEASE POST NAME OF INSURANCE CARRIER...
     
  11. Firered67

    Firered67 Bobtail Member

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    May 2, 2019
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    PLEASE POST INSURANCE CARRIER NAME
     
  12. Gdog66223

    Gdog66223 Road Train Member

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    Dec 30, 2017
    Coal Town
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    Lancer Insurance
     
  13. tommymonza

    tommymonza Road Train Member

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    S.W. Florida
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    Is there any companies out there that will write a 6 month low mileage policy?

    I prefer not to run during winter months November to April.
     
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