Guys! Please help me how to get UsDOT and MC and hazardous material numbers

Discussion in 'Ask An Owner Operator' started by NewbieTruck, Jul 28, 2020.

  1. Long FLD

    Long FLD Road Train Member

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    Hope you’re sitting down when you ask for a HM insurance quote with new authority.
     
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  3. staceydude

    staceydude Road Train Member

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    When the insurance agent tells you to sit down you know it is going to suck lolol

     
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  5. NewbieTruck

    NewbieTruck Bobtail Member

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    I am here to figure it out. Thank you. I gotta start somewhere.



     
  6. NewbieTruck

    NewbieTruck Bobtail Member

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    What are the good insurance companies I should get some quotes on my new company. Thanks for the help. I know I just don’t know much. But I gotta start somewhere guys. As you guys can read my Name. It’s NEwbie LoL
    Thank you guys’ Time and help.


     
  7. NewbieTruck

    NewbieTruck Bobtail Member

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    Can you tell me what happened?
    what happened to you? What was your experience. I am trying to learn so I can void some of the mistakes. Everyone starts some where. I know I am very New In This business.



     
  8. Long FLD

    Long FLD Road Train Member

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    From what I’ve read you’re pretty much limited to Progressive and maybe a couple others for insurance with new authority. I’ve seen on here people talking about $20-30k for insurance their first year, I worked with a guy last year and when he got his authority he paid a little over $18k but I’m not sure who he went with. And honestly I’m not even sure you’d find anyone to write a hazmat policy for new authority.
     
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  9. staceydude

    staceydude Road Train Member

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    I have had a progressive auto policy since 2002 (I don’t care what others say about them they have treated us well) I have also done some research on who carries insurance for new authorities and progressive is one of them. So I hoped my time with them will help my commercial quote. Now in the future after one or two years if progressive does t come off the price which they told me they would with more O/O experience I will hunt up other insurers.

    They actually told me when I called to expect $17kish first year. I do have a ticket on there so take that for what it’s worth. My agent understands the industry and instead of the min $750k liability I am opting for $1 mil. I am adding Truckers GL which is fairly cheap and Trailer Interchange which is not bad either. The policy comes to over $18k + if I pay cash. $22k if paid out over 10 months. To tell the truth I had expected higher. That will vary depending on your location.

    That being said the insurance is the easy part. I am only posting this here because I believe in paying it forward. I have had some tremendous help from a board member which I can never repay. I am in the baby step phases at this point.

     
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