Are these insurance quotes reasonable???

Discussion in 'Expediter and Hot Shot Trucking Forum' started by 24kHotshot, Jul 24, 2019.

  1. 24kHotshot

    24kHotshot Light Load Member

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    Is this for 1 mill liability, cargo and physical?
    For me liability alone is $23k.
    My corporation is based in FL and so is my authority.
     
  2. crocky

    crocky Heavy Load Member

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    It's the standard $1 million $100k that brokers require.

    Here I uploaded a screen grab... this is the auto and general freight..

    It's $17k if I pay cash, $20 financed

    Keep in mind thats nothing on my truck if My truck gets totaled. It's a paid off used truck and I can just replace it or fix it myself.
     

    Attached Files:

    Last edited: Aug 12, 2019
  3. 24kHotshot

    24kHotshot Light Load Member

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    So I have $1 million liability, 200k cargo and physical for $73,000 truck and trailer for a total of $36,500 in payments.
     
  4. Lite bug

    Lite bug Medium Load Member

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    I wish you guys all the luck in the world. I know you live and work in Florida and setting up your operation, when ever I went there mostly delivering bank vault doors ( which paid good ) getting out was always difficult ( with something paying) most of the time deadheading to GA. or Al. made the most sense to me. The first few times I lost a lot of time just looking at the load board ( nothing there ) No disrespect intended just my experience.
     
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  5. crocky

    crocky Heavy Load Member

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    To be fair the agent said I'm on the low end here in FL. She said the average is actually in the 30's for a new MC 1st year. What kills me though is I've see other guys posts here just a few years backs saying they got insurance 1st year MC for $7-9k.. I guess rates jumped a hell of a lot in the last couple years..
     
    Last edited: Aug 12, 2019
    procharged392 Thanks this.
  6. crocky

    crocky Heavy Load Member

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    Yea even when I drove a reefer truck it was crappy loads or dead head to GA to get out of FL.. It's the reason I'm willing to pay the extra money for the ability to haul cars. There is a lot of auctions here in FL as well as the ports so there is at least always work hauling cars..

    Personally though I really do not like FL much and will eventually move elsewhere but I need to stay here for the time being..
     
  7. crocky

    crocky Heavy Load Member

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    Ok.. I have another update that maybe you will want to look at.

    I told you yesterday my rate was $20k as a auto carrier.. Today was an Amazing day..

    Turns out today was the day a minor love tap booboo dropped off my licence. When I 1st started driving trucks, I love tapped a Cascadia's side skirt on a snow covered lot. Was just a small crack in the plastic under $500 but because it was a MEGA's truck and a company's driver it had to be reported and it ended up on my records.. (3 points)

    Well today, it turns out that dropped off my record. I called back to get a quote for insurance out of Missouri because that's where my LLC is based. The agent I spoke to today noticed the change in my accident dropping off so he gave me a new quote in FL..

    My new quote as a Auto carrier with new MC in FL is $12k/year financed.. (that's zero reportables so far as tickets or accidents.) Amazing what the difference in 24 hrs is right?

    Now get this, it gets better...

    He gave me a quote with the business run out of Springfield, MO and my MC pulled from there.. Still the exact same insurance but a few small differences in what MO & FL require.. but drumroll....

    $8,5k/year.. for a band new MC# that can haul both cars & general freight.. Needless to say I will be soon taking a trip back out to MO and renting a office..


    Also I checked the difference between $100k cargo & $250k and it's about $1,5k/year if I were to up it to that much.

    Edit, I also want to not that I am getting a discount because I've been with Progressive with my personal policy for quite a few years. Not sure how much that effects it as well.
     
    Last edited: Aug 13, 2019
    procharged392 Thanks this.
  8. procharged392

    procharged392 Bobtail Member

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    I called progressive and the agent wouldn’t even quote because my numbers weren’t a year old.
     
  9. crocky

    crocky Heavy Load Member

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    Do you have issues with tickets or wrecks? If not call back try another agent....
     
  10. crocky

    crocky Heavy Load Member

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    Since this topic got bumped, I wanted to post something I found online over at

    Which States have the Best Rates for Truck Insurance - Trucking Blogs

    It's a list from Progressive for the average New MC insurance cost for a tractor trailer single operator MC for ever state. It's a 2016 list fyi

    Seems Mississippi is the cheapest by far


    State With USDOT Filing Without USDOT Filing
    Alabama $14,216 $10,284
    Alaska $9,326 $6,915
    Arizona $11,797 $6,102
    Arkansas $14,922 $10,973
    California $14,041 $11,834
    Colorado $12,110 $7,294
    Connecticut $17,004 $16,946
    Delaware $19,670 $17,351
    Florida $19,480 $12,872
    Georgia $20,641 $15,200
    Idaho $9,008 $6,887
    Illinois $13,781 $7,704
    Indiana $11,141 $8,430
    Iowa $8,866 $5,615
    Kansas $10,160 $6,645
    Kentucky $15,500 $11,555
    Louisiana $23,453 $19,736
    Maine $13,763 $9,535
    Maryland $16,056 $11,112
    Massachusetts $17,017 $5,447
    Michigan $13,793 $8,910
    Minnesota $12,820 $9,669
    Mississippi $4,664 $3,552
    Missouri $11,757 $7,646
    Montana $9,492 $6,501
    Nebraska $8,664 $6,259
    Nevada $16,912 $10,681
    New Hampshire $11,390 $6,817
    New Jersey $20,255 $20,763
    New Mexico $9,738 $7,298
    New York $16,949 $17,585
    North Carolina $10,630 $7,450
    North Dakota $9,206 $6,456
    Ohio $9,933 $7,094
    Oklahoma $13,383 $9,376
    Oregon $11,272 $8,484
    Pennsylvania $12,470 $7,536
    Rhode Island $17,220 $14,046
    South Carolina $13,376 $9,390
    South Dakota $9,013 $6,689
    Tennessee $13,773 $9,592
    Texas $14,497 $10,533
    Utah $11,110 $9,121
    Vermont $9,643 $6,937
    Virginia $13,119 $9,957
    Washington $12,706 $8,484
    West Virginia $14,638 $11,687
    Wisconsin $9,231 $6,714
    Wyoming $7,149 $4,927
     
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