22 year old owner with hired driver and insurance quotes?

Discussion in 'Ask An Owner Operator' started by Konyali, Jul 30, 2021.

  1. Konyali

    Konyali Bobtail Member

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    Jul 30, 2021
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    I just recently got my MC and DOT numbers back in April. No I’m not the driver, I have hired someone but they still for reason are giving me a very high quote. Progressive gave me a quote for about 80k a year which is truly insane. So please any help on how to get the cheapest insurance.
     
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  3. Dino soar

    Dino soar Road Train Member

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    Well what quote did you get back in April?

    You have to have your insurance in place before they will give you your Authority so what was that situation?

    And how did that situation lead to this situation?
     
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  4. bonder45

    bonder45 Heavy Load Member

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    Keep on quoting till they lower it, took me 3 brokers and 8 quotes from progressive before I got a low one.
     
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  5. Konyali

    Konyali Bobtail Member

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    Jul 30, 2021
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    I got the same exact quote but they keep telling me it’s because of my age
     
  6. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    You didn't go out a buy a truck before you researched this. Or maybe you did.
     
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  7. pavrom

    pavrom Road Train Member

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    Age , location , new entrant , driving record ...
     
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  8. Dino soar

    Dino soar Road Train Member

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    Well I'm not quite sure I understand what you're saying when you say, "the same exact quote"

    You can't get your motor carrier Authority with just a quote for insurance. You have to actually actively carry and pay the policy.

    If you have your motor carrier Authority and you got that last April, you had to have insurance. So you're telling us that you've been paying $80,000 a year since then and now you're trying to figure something different out?
     
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  9. Ridgeline

    Ridgeline Road Train Member

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    You don’t know a thing about this industry, you get a truck, get a driver and then complain ther your insurance quote is high?

    $80k seems to be right for armchair owners.
     
  10. Concorde

    Concorde Road Train Member

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    What @pavrom said plus credit history.

    Just curious what you stated you’d be hauling..if you told them Hazmat that would send your quote into the stratosphere

    Biggest factor for me was location..Florida.

    What state are you in and the closest city?
     
  11. Concorde

    Concorde Road Train Member

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    He got his numbers but hasn’t activated it yet..
    Once they have a policy in place it can be activated.
     
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