Insurance for new authority $45K year???

Discussion in 'Ask An Owner Operator' started by Solid11, Jun 5, 2024.

  1. KDHCryo

    KDHCryo Medium Load Member

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    TrueNorth is another option OP. They were very reasonable with my hunters permits before I leased on.
     
    Siinman Thanks this.
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  3. Dino soar

    Dino soar Road Train Member

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    Another great answer.

    This business is really so much up to every individual. I honestly would never recommend anyone going to this business in any way shape or form because it's just out of control the costs and the business just doesn't keep up with it. Along with ever increasing regulations, Etc.

    But if someone wants to come into this business I would hope for their own sake that they are ready. This is not something for the faint of heart.

    I would suggest that anyone going into this has some kind of an edge. Like you have a mechanical truck that you can repair every single part of it by yourself. Or you have some kind of really great Freight connections so if you go into debt you're certain that money is coming back.

    Some people will come into this and like most people unfortunately for a whole bunch of reasons they will crash and burn.

    Some people come into this and perhaps they're just so determined and they have resources, that they can overcome a lack of experience if needed although that's an expensive lesson. But that is usually a lesson very well learned.

    And some people will just go into it and maybe they'll have a little bit of luck but generally speaking hard work brings its own luck and those people especially if they have the resources will probably do as good as anybody else or maybe even better.

    Yes, absolutely you can only stand on the sidelines for so long if you really want to get into the game.

    To no one In particular, be very careful. This is one is a hell of a game to get into.
     
  4. blairandgretchen

    blairandgretchen Road Train Member

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    That’s a pretty good summation.

    This industry is fascinating to me, because of the thousands of scenarios that exist for entrants, be it company hands, or owners.
     
  5. Beaver9

    Beaver9 Heavy Load Member

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    WHAT STATE?

    Best might be to buy an authority from people who can't keep up with today's economy.
     
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  6. Beaver9

    Beaver9 Heavy Load Member

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    I hope it works out.
     
    Last edited: Jun 8, 2024
  7. Beaver9

    Beaver9 Heavy Load Member

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    A lot of people in this business actually jumped in and learned how to swim.
     
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  8. Short Fuse EOD

    Short Fuse EOD Road Train Member

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    Insurance is cheaper in Iowa. The savings you would have over 10 years, might equal the cost of a home. MS, LA, and east coast can get pricey.
     
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  9. wifi_guru

    wifi_guru Medium Load Member

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    They want 4 years now!!! The op might be better off leasing on to a carrier for now just to lower there operating cost. Mercer and landstar come to mind if he really wants his own truck. Ooida will e mail him a list of insurance companies in his area if he asks em to.
     
    Last edited: Jun 8, 2024
  10. wifi_guru

    wifi_guru Medium Load Member

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    Ide be having a heart attack if I heard 45k :eek::mad:o_O
     
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  11. Siinman

    Siinman Road Train Member

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    Why have Trailer interchange if you have your own trailer?
     
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