Are the good times really over for good?

They are making a good go of it!!!

 

I think they realize that we are necessary to keep the country supplied with goods. It's too difficult for them to keep track of and control every individual person or company with authority. It's that they want to more easily control us under larger umbrellas like Landstar and Mercer.

 

So I just called Lancer to ask a few more questions about the quote they gave me after only a few min they informed me that they had to withdrawal my insurance quote I had been given that they were not interested in even re quoting me. So im back where I started as of 1-27-2014 the best price I have on insurance is $14,658.00 that's 1mil 100,k cargo $86,000 in comp 100,k uninsured one truck two trailers clean safer with no OOS clean DL no tickets. The only thing I have is against me is my loss run @ $25,837.81 From when I had my other trucks but all they see is how long would it take to get there money back.

So the people that are paying a decent rates now just wait until your renewal comes in like ive said before im paying $5,700 a year now so get ready every O/O is going to have a problem!!!

 

What is a loss run claim?

 

The "loss run" is an annual accounting report of claims/payouts on your policy. Basically the "loss" part of a P&L on your current or past policy. You ask your insurance company for it when you're shopping for better rates. Companies you get quotes from will usually want loss runs for the last three years, along with other stuff like your most recent year IFTA mileage, vehicle vin numbers and mileage, etc. Some will get it themselves, but it saves time if you can just send it yourself.

 

Basically it's what the insurance paid out over the last 3years

 

you got a good thought going then you just went all to pieces, it would be really interesting to get your thought process on this one

 

Well the end has come after shopping every market I fit ended up at great west casualty insurance at $12,498 a year....yes that's the best price I could find progressive was 2nd at almost $15,000 insurance is changing I priced sentry and lancer and many more some would not even give a price....

Great west said that credit is a big factor with excepting owner operators, I've got good credit and was told that was one of the deciding factors. You have to be excepted by insurance companies now it's not that everybody is entitled to insurance you have to be excepted by them they choose who they except.

Trucking is getting hard but i'm not throwing in the towel yet, I'm just hopping with all these changes coming in trucking that all the unexperienced drivers and the cheap haulers get pushed out.

 

Sticker shock for sure but look at it this way: You've cost them $25,837.81 in the last 3 years for an avg of $8666/yr. Based on your history they only have $4,300 left over from your premiums to cover "the big one" and a profit.

 

Why are you yelling?