Insurance Companies List

Discussion in 'Ask An Owner Operator' started by jaguar011, Jan 27, 2020.

  1. jaguar011

    jaguar011 Light Load Member

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    Jan 28, 2015
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    Can somebody list Insurances that all brokers want to work with?
    I know for Progressive, Berkshire Hathaway and Great West.
     
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  3. PE_T

    PE_T Road Train Member

    If I remember correctly, it boils down to the AM Best rating. If the insurance company does not have a good rating or is not rated by AM Best, then it’s a problem for brokerage companies. You want at least a rating in the As.
     
  4. ab24

    ab24 Bobtail Member

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    Jan 27, 2020
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    What about National Truck Underwriters, National Indemnity Company, Travelers, or Nationwide?
     
  5. PE_T

    PE_T Road Train Member

    To be able to check the AM Best rating, you will need to create an online account with them. It’s free and as simple as getting an email account. There you will be able to search for insurance companies and view their ratings.

    Keep in mind that some “insurance” companies are not real insurance companies. They are like insurance brokers who shop and negotiate insurance for you. These insurance brokerage companies will not appear in AM Best. Only actual insurance companies will show. If you’ll be using an insurance broker, tell them you want an insurance company with an A or higher.

    A.M. Best Company, Inc.
     
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  6. Rideandrepair

    Rideandrepair Road Train Member

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    My Insurance Broker called, Northland is increasing my premium from $8370, last year, to $9255, to renew. No claims, WTF? Anyone deal with North west? Directly? Or through Ins Agency? All my Agent came up with is one choice,$8500, for a non A-rated company. I think someone’s sleeping on the job.I should ask, if anyone has good experience with insurance Companies for a Policy, written for Michigan based Carrier.
     
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  7. DUNE-T

    DUNE-T Road Train Member

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    May 10, 2015
    Detroit, MI
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    Yeah, I spoke to my friend the other day, who works with trucking insurances, rates are going up in MI big time
     
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  8. Rideandrepair

    Rideandrepair Road Train Member

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    They asked for my IFTA quarters, last week. First time for that. Ironic thing is I only ran 67k miles last year, Half of my highest mileage year ever. Something stinks in Denmark, I mean Michigan.
     
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  9. PE_T

    PE_T Road Train Member

    I hope this mileage thing doesn’t become a trend with insurance companies. On a second thought, they can get an estimate from the MCS-150.
     
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  10. autopaint

    autopaint Light Load Member

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    Jul 26, 2019
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    How is Progressive on commercial vehicle claims?

    I can tell you on the four-wheeler side of things, they are one of the most despised mega insurance companies by body shops nationwide.
     
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