95 International 9400

youre choice man it really depends on were you live in the country

 

Forget about physical damage. You will be paying $12,000.00 per year for a $6000.00 truck. If you wreck it, you wreck it. If you don't, you have saved yourself enough money to stay in business.

Go down to the local Farm Buearu Insurance office. Since you are running intrastate, you can get insurance covering different air mileage coverage for less than 1/4 of what the trucking insurance companies want. You will have to stick with liability, not physical damage.

I have always used Farm Buearu for local trucks. I have had box trucks, dump trucks, two home delivery fuel oil trucks, and a tractor trailer, all covered at one time or another using Farm Buearu Insurance.

Don't get ripped off by the trucking insurance companies.

Mods, if I can not use the company name, please change the post, and I will try to PM the info.

 

You can use the name, just not websites, emails, or phone numbers.

 

Yes but stranger you are talking about a not for hire business. If LL wants to work as a for hire carrier pulling loads for brokers he will need the cargo/liability/physical damage or no broker will want to do business with him.

 

He dosen't have to have collision insurance. I used my dump truck as a for hire, and pulled for several companies. I used the oil trucks to pull my own fuel for home deliveries.

The best bet for his is to pull dump, and he won't have to have cargo for dirt and gravel.

You can not stay in business and pay $30K a year for insurance.

 

I totally agree there, there is no way you can stay in business paying 30k!!!! But i would still have the collision just incase!

I told double L a few posts back that he is better off pulling a bucket around than anything else.

 

My thinking with the collision, is with the rates he quoted, the collision would probably be around $12,000.00 per year. If the truck only cost $6,000.00, then in 6 months he would be even, and from there on putting money in his pockets.

With the cost of his truck, if wrecked, unless it is a total burn or something, he could part it out, and sell the rest for scrap metal and get most of his money back.

I never ran collision on my dumps or my fuel trucks. I had three fuel trucks running at one time. With the rates I was quoted since I hauled fuel oil, kerosene, and gas, I would have spent all my profit on insurance.

I decided to take a chance and pocketed the money. I figured if I paid the insurance I couldn't stay in business, and if I wrecked a couple of trucks I would be also be out of business.

I didn't have any trucks wreck, and came out ahead on that gamble.