I cannot believe the quotes I'm getting. Any companies out there willing to insure a new O/O, with "new" CDL in order to meet broker requirements? I've gotten quotes as high as $70.000!
Insurance help
Discussion in 'Questions From New Drivers' started by Crossbones, Mar 21, 2018.
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Progressive . My first year was about 18,000.
Crossbones Thanks this. -
It should be higher. Those with no experience behind the wheel are high enough risk, those who have no experience in the industry compound that risk.
This isn't the old days where you could buy a truck and start trucking. It is a different world where there are people who now care how we act on the road and many don't tolerate the bs we have there because they are overly sensitive to their safety and the government has reacted. -
I agree it should be more expensive, just not to the point that it prevents a small business from even getting off the ground. -
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Try raising your deductible and lowering the value of your truck, if you can. That's one of the benefits of driving an older rig.
lovesthedrive Thanks this. -
it is all about the risk and your exposure 'mod'; baically a history of all the claims ever filed against your company.
A 'zero' experience mod sets off all the underwrighters greatest fears and is priced accodingly in their minds.
Having an 'average' experience mod hit by a fatality and the next renewal [usually another insurance company as you were just cancelled] price will skyrocket.
This can be where a long term relationship between a company and a good insurance broker helps. -
Also if you sign on with a company, your premiums will be less as your buying through the company fleet.
Tho if your under a year driven, your too green to be solo. -
TruckerTW Thanks this.
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