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How much you guys pay for cargo insurance?

Discussion in 'Ask An Owner Operator' started by almatyk3, Jun 7, 2015.

  1. Jun 7, 2015 #1
    almatyk3

    almatyk3 Bobtail Member

    26
    4
    May 25, 2015
    0
    Hi everyone, just a quick question; how much do you guys (owner operators) pay for cargo insurance?
    I pay $300 a week, $1200 a month, I talked to my friends and they all of them pay ranging from $600-$1000 a month, so now I am thinking my company is over charging me, I think that's how they make extra money on us.
    Thank you for your replies in advance, Iam ready to talk to my company about it, I just want to check with you guys, thanks again
     
    almatyk3, Jun 7, 2015
    almatyk3, Jun 7, 2015
    #1
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  3. Jun 7, 2015 #2
    double yellow

    double yellow Road Train Member

    5,946
    10,066
    Aug 28, 2011
    State of Jefferson
    0
    I pay:

    ~$6500/year for $1M auto liability
    ~$400/year for $1M general liability
    ~$1800/year for $250K cargo (would have been $1150 for $100K cargo)
     
    double yellow, Jun 7, 2015
    double yellow, Jun 7, 2015
    #2
    blairandgretchen, SL3406 and R.Hagar Thank this.
  4. Jun 8, 2015 #3
    xsetra

    xsetra Road Train Member

    5,101
    6,956
    Aug 21, 2011
    0
    Down payment of 1200
    9 payments of 592,00 1m auto/ 100 k cargo.
    1m gl cost 400
     
    xsetra, Jun 8, 2015
    xsetra, Jun 8, 2015
    #3
  5. Jun 8, 2015 #4
    Cetane+

    Cetane+ Road Train Member

    1,304
    882
    Sep 29, 2013
    Albany, NY
    0
    Your in one of the ripoff deals where the truck owner pays more than the total cost of 1M liability, Comp and Collision, and $250K Cargo ins. Mine is only $11K per year. I have my own authority, and Im in NY one of the most expensive states for insurance.
     
    Cetane+, Jun 8, 2015
    Cetane+, Jun 8, 2015
    #4
  6. Mar 12, 2016 #6
    DesiTrucker

    DesiTrucker Light Load Member

    260
    67
    Apr 11, 2013
    Nj
    0
    How many years have you had your CDL
     
    DesiTrucker, Mar 12, 2016
    DesiTrucker, Mar 12, 2016
    #6
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