Can anyone explain how to operate at 1.75 a mile and stay in business!?

Yes I will call insurance tmrw. I thought you had to be on a policy to kinda show you drive in sense. If they only look at years a CDL has been obtained then that the way I will go. Thanks

 

30k - 16k = 14k savings.

14k x .20 = $2800 consulting fee that I didn't even ask for. My bank details are.... LMAO. jk

Happy for you. Hope it's just what you needed to make it! Good luck.

 

Only if you don't have as many drivers as trucks would that apply. Pro tip: don't immediately remove driver, wait until you hire his replacement then update insurance.

In this short time just move yourself to on policy but excluded driver. Then come renewal time make the 2nd change I suggested.

Edit: And good on yah, some guys would not consider this due to a pride thing. Never let pride get in the way of making you money.

 

Plenty of owner operators/small dry van carriers run coast to coast and Northeast to FL and back for less than 1.75 a mile. I wonder how they do it.

 

I've only drove twice and I have a guy that fills in for driver days off anyways. I only was really on to get insurance experience or whatever I was thinking. Since it don't matter I will be removed tmrw!

 

@JL of Indiana

I like the direction you are suggesting wrt to excluded driver (since I'm the owner), but...

• what happens if my driver is off and I need to move my truck from point A to B ( i.e. to a shop?)

• what's to make the insurance company believe that I do not drive the truck on occasion?

• what if my driver needs to drive for 5 days and 2 days off, and I wanna keep my truck running, so I'm doing it part-time?

• How does the carrier (who I may be leased on to) view this "excluded" driver scenario

 

I'm sure it can be done if all you eat is top Ramen and you don't have a mortgage payment or a car payment and you live in the truck.

 

@nax

• what happens if my driver is off and I need to move my truck from point A to B ( i.e. to a shop?)

Have him drop it off at the shop before he runs out of hours. Pick him/her up and drive back to the yard. Better yet if you have any office staff, see if they have time to assist so you can keep focused on doing whatever it is that best utilizes your time.

• what's to make the insurance company believe that I do not drive the truck on occasion?

Quit over thinking things driver! :]

• what if my driver needs to drive for 5 days and 2 days off, and I wanna keep my truck running, so I'm doing it part-time?

Hire a part time driver who is looking to make extra money. Pro tip: Retired drivers who show up on time and don't tear up your equipment. Still for sure interview with just as much scrutiny as you would with anyone. There is still some monkey business out there no matter the age. Also, I'll add to this below regarding just driving on occasion.

• How does the carrier (who I may be leased on to) view this "excluded" driver scenario.

No idea about anyone else, but if you were leased onto me it wouldn't matter. I'm not going to put you on my insurance. I'm going to put your driver on my insurance.

Also go back and read a 2nd time what I said about sporadically driving and there being grace periods before a driver must be added. Depending on how things are setup.

 

I've been accused and been guilty of that...dang it

 

High expenses (insurance mostly) and running 2300 a week, that's an average of 330 miles per day... No wonder. The only way you survive on 2300 miles a week is if A. Your truck is paid off and B. Your insurance is half of what it is now. The only chance you survive now is try to do at least 3800 miles per week.