At what point while I’m creating my own authority do I have to quit my current company?

I love that you want to do the right thing by your current company, but you're under no obligation legally or otherwise to let them know till you're ready. You can have your authority and sit on it till you get ready to jump, then just let your company know that you're pulling the pin.
Now isn't the greatest time to be thinking about jumping into O/O status though, may be wise to hold on for a few months and see how the market does.

 

Idk myself. But lots of people say it takes a month for authority to go active. You have to cover insurance for that month. As far as quiting. Why can't you drive for someone and keep your authority? I don't know why you can't, except for insurance costs.

 

You’re not legally required to quit your current job. Once you start setting everything up with fmcsa they’ll tell you that it could take up to 6 weeks before you get active. Submit everything right away except proof of insurance. They actually told me to wait until they are ready for it which would be the last week. It’ll save you some cash. Don’t be afraid to call them if you have any questions. I called a few times and everyone I spoke to was very nice and helpful.

My biggest mistake when I originally started the process was waiting until the last minute to get an insurance quote. It was a shocker and I sidelined the idea for a couple more years..after already spending thousands of dollars on everything.

First thing to do is get a quote..if it’s manageable then power ahead.

Progressive you can get a quote online but I think you will need a truck vin#. Find a truck compatible to what you’re thinking to get an use that vin.. and value.

 

You don’t need to tell them anything right up to the point that you “hire” yourself, then it’s more about HOS then anything

 

you make this too complicated.

You just make a decision, set a date that you want to start operating under your own authority, get everything ready to roll, make sure you do your due diligence when you look at different trucks, get the truck ready, and then make the move.

This isn't rocket science, it is based on your financial needs. You can have a gap of a week to decompress and make sure everything is ready or even two weeks if you can afford to. But remember to make sure you have at least $25k banked to cover downtime and another propotional amount to cover repairs and such.

 

Also If you tell your company your going on your own, expect to be walked out immediately, w even if you give 2 weeks

 

As long as you want? I stayed leased on for 5 months after starting to paying insurance on my own authority.