Old trucks and fewer miles.....insurance impact

@gokiddogo Canadian dollars. 56% US exposure

 

They don’t sweat those details I guess. And They like to call step decks lowboys. And suburbans pickups. And 4wd 2wd.....

 

The broker said no but who really knows. If you break it down the difference in premium wasn't liability it was the $4,000 all perils on the 2008, which I cannot explain.

I do know it's always been like this with this company. When I switched to this company they asked for the original purchase price of all the units. I had to call Paccar with the VINs. That's how I found out that a 359 Pete sold for $80,000 USD, which was probably more than most houses 33 years ago. The older trucks are always cheaper but the older trucks also cover fewer miles so I think it's a combination of the two.

The broker said my rates are stupid low.....he's seeing some renewals at $25,000 per truck. On the other hand, yes it's $25,000 for three trucks but it's still $25,000 for only 75,000 miles worth of risk so why does the number of trucks even matter for liability? It doesn't in my mind.

FWIW, I dropped all perils coverage on the 2008 T660. A $4000 premium and a $5000 deductible on a DPF truck that's worth maybe $15,000 doesn't add up to me.