Hotshot drivers, what are you paying monthly for insurance?

Discussion in 'Expediter and Hot Shot Trucking Forum' started by Menchaca0807, Jun 18, 2017.

  1. Menchaca0807

    Menchaca0807 Bobtail Member

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    Mar 6, 2017
    0
    hello fellow hotshot drivers I wanted to find out what your paying monthly for insurance, I'm guesstimating that it will be $1,200 per month for liability & cargo, I want to have my own company & be leased on
     
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  3. Ryan S2016

    Ryan S2016 Medium Load Member

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    301
    Feb 11, 2016
    Western North Carolina
    0
    I'm not sure why everyone that posts these insurance questions come up with the same figure every time. I must be missing something. My insurance is with Progressive Commercial and is as follows

    Liability $1,000,000.00
    Cargo $150,000.00
    Truck 2016 Ram 2500 SLT 4X4
    Trailer 2017 Kaufman 35.5 Car Hauler (Liability Only)
    Full Coverage Comp and Collision (Truck) (not financed but still want coverage)
    Monthly Payment $879.85
    Total Premium for Year $9,677.25 There is an installment fee every month since I don't pay the policy off in full.
    0 Accidents
    0 DUI
    0 Damage Claims
    0 Tickets
    Well there is my two cents. Good Luck with everything
     
    Anj Thanks this.
  4. Anj

    Anj Light Load Member

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    18
    Oct 31, 2016
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    Hi Ryan, thanks for the info. Are you a "new entrant"? And how long have you had cdl? Or are you under 26k with that 3/4 ton? If so, explains the seemingly low rate.
     
  5. Menchaca0807

    Menchaca0807 Bobtail Member

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    Mar 6, 2017
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    Hi Anj this should explain the answers to your questions

    Trucking insurance

    Take a look at that and it should help you it's very true or I found it to be
     
    Anj Thanks this.
  6. Trucklifewife

    Trucklifewife Bobtail Member

    1
    0
    Aug 28, 2019
    0
     
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