Cargo/Liability Insurance suggestions

Call OOIDA. They quoted me about $750 a month with everything. There is also First Guard that advertises heavily on XM. And a lot of big carriers use Liberty Mutual.

I'm assuming you're getting your own authority. Be aware that the DOT does not grant authority until they get your insurance. It can take 2-4 weeks for them to process it. This means you'll need to be able to pay for a month of insurance that you won't need because you can't run without it legally.

 

You do not need the insurance to be active until after the 30 day authority application comment period. Just tell your insurance agent to have the effective date for 35 or so days after you applied for the authority and you will be all set.

To find insurance you need to shop around. Look in the yellow pages, classified adds, etc. Get as many quotes as you can and go with the agency that gave you the best service when getting the qoute. The cheapest company may give you non-existent service when you have a claim. Call twice and change what you need quoted and see how they respond. Service is more important than cost.

 

The comment wasn't so much about the insurance being active, but that you would have to front the cost. Insurance companies will not start a policy without a down payment of some sort.

 

Ahhh, I see what you are saying. You aren't wasting the money really, but you are tying up working capital.

 

Yep-just another cost to cushion yourself for!

 

I'm assuming you're getting your own authority. Be aware that the DOT does not grant authority until they get your insurance. It can take 2-4 weeks for them to process it. This means you'll need to be able to pay for a month of insurance that you won't need because you can't run without it legally.[/QUOTE]


What would it cost to get your authority if you would want to run with a straight truck thanks

 

What would it cost to get your authority if you would want to run with a straight truck thanks[/QUOTE]

The authority is $300 for your USDOT and MCC numbers. You can apply online, and they will accept a credit card. Fairly simple process. Be aware that as soon as you pay and get your confirmation, several process agents will call you. They charge a standard fee of $35 bucks. If you are an OOIDA member, I believe they will be your process agent as part of your annual membership.

 

Well try reading this post, it might give you more insight as to the start up cost and steps. Hope it helps a little bit. And please excuse my warped sense of humor.
Happy Trails
NW
http://www.thetruckersreport.com/tr...ou-want-own-your-own.html?highlight=Nightwind