General info for those inquiring:
For 1mil auto liability
1 min general liability
Full coverage on a 2012 prostar and 2005 wabash dry van
100k cargo
Progressive: $60,000
Downpayment: 20% ($12,000)
Monthly Paymemt: $5,400 (9 months) 3 months free.
This is just for me it could be different for everybody I have about a year experience driving CDL. And only three points on my license.
Just a note:
I wouldn't recommend most people who have under a year try to do this endeavor that I'm doing because I have alot of knowledge of the industry from my uncle's truck brokering business that I worked for years in and I also have a bachelor's in business so I have the fundamentals all in place of how to run and operate a business to the fullest extent.
Independent insurance Cost for new carriers
Discussion in 'Ask An Owner Operator' started by Annonymous, Jun 30, 2017.
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So you are paying $5400 in monthly insurance cost for one truck. Am I reading this correctly?
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shir1 Thanks this.
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Check Berkshire Hathaway, should be about 16k.
My first year with them was 14k and I only had 8 months experience. Also check OOIDA, not all brokers take them, but you should be fineJimmyWells, OLDSKOOLERnWV, RollingRecaps and 2 others Thank this. -
Though MY cost is i.deed expensive and im well aware of that, its more about my gross revenue. All of My insurances can be 5400 a month but after expwnses im netting aroumd $2000 a week take home.
This is general info im supplying to those interested and insearch foe this information. -
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I am sure for all coverages (i.e. General Liability, Auto Liability, and Cargo).
Annonymous Thanks this.
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