Insurance for new authorities

Discussion in 'Ask An Owner Operator' started by Mib4u, Jun 15, 2021.

  1. Mib4u

    Mib4u Bobtail Member

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    Jun 15, 2021
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    Hi everyone, I just purchased a rig and I'm having trouble getting g insurance because im a new authority. Any suggestions. Thanks
     
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  3. ibcalm19

    ibcalm19 Heavy Load Member

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    I always tell someone in your position (wanting to be an O/O) talk to the insurance companies first. You can not get a authority without the insurance. It really is only two that right new policies Progressive and Berkshire Hathaway. You more than likely we have trouble. During a certain time(don't know why)they will not write policies for a new authority. The cost will be astronomical at times. If this is your issue the alternative would be to lease onto a carrier for a while.
     
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  4. gekko1323

    gekko1323 Medium Load Member

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    Doesn't OOIDA insure newbies?
     
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  5. chameleon34

    chameleon34 Bobtail Member

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    I recently became a member of OOIDA and obtained my MC and DOT numbers. They will file your BOC3 and give you an insurance quote. I have yet to receive my quote from them but my personal agent has Progressive underwrite for him and I was given a quote for 15,500 over a year and OOIDA has stated that is a very close number for newbies. Ouch.
     
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  6. ibcalm19

    ibcalm19 Heavy Load Member

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    15,500 is a good number for a new authority. Actually it is a great number compared to what I have heard quotes for some new authority.
     
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  7. ibcalm19

    ibcalm19 Heavy Load Member

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    I forgot about OOIDA. I didn't think they would. I stand informed :D:D
     
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  8. RunningAces

    RunningAces Medium Load Member

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    Progressive is all about that credit score. If you have a good one you'll get a much better rate.
     
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  9. OldeSkool

    OldeSkool Road Train Member

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    Progressive. It will be high.
     
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  10. OldeSkool

    OldeSkool Road Train Member

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    Very good quote for new authority. There’s new guys paying twice that.
     
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  11. Judge

    Judge Road Train Member

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