Got a quote from Progressive for what seems like a very low number from what I was expecting. I'm located in a small city in TN, in my 30s, great credit score, clean driving record, and 18 months flatbed experience. Truck is worth $35000 and paid off. 48' flat general freight plus steel and coils for 48 states. I got 1 million liability and 100k cargo with a 2500 deductible. The quote was only $9500. This doesn't sit with the 20k I've seen tossed around here so why would it be so low, even adding uninsured motorist wouldn't raise it much passed what it is now.
Another #### insurance question.
Discussion in 'Ask An Owner Operator' started by RunningAces, May 25, 2020.
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I would make sure in writing that the rate won’t go up once you signed up.
all I can say.
Also makes a difference the 20k being tossed around is for new entrants.RunningAces Thanks this. -
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I would make sure that quotes in writing and that your rate won’t go up one month after signing up. Progressive is know to do that. But that’s a good rate from them.roshea and RunningAces Thank this. -
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I wouldn’t say that.
I have more experience then that, yet my rate comes in twice that much. -
Get it in writing and check mileage distance , they may only cover you so far . Rate sounds really low for new entrants.
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I would continue with the leasing onto Mercer plan you had versus getting your own authority, unless you really plan on going out and knocking on doors etc etc to obtain contract customers.
Working strictly spot market off boards and apps is nothing but a race to the bottom competing with fuel money haulers and folks who have no business being in business.
With the current conditions of the economy and the excessively oversaturated trucking industry IMO leasing on somewhere is definitely a better option.4mer trucker and RunningAces Thank this.
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