Insurance

I would go lease on to someone for awhile before paying 20k insurance for 1 truck.

 

My insurance requested copies of my IFTA quarterly reports, for last year. That’s something new. Usually just list a few major cities traveled through regularly. Only ran 68k last year. That should help keep an increase minimal, I would think. They said it was a new standard, for quotes. I wonder

 

Through progressive i pay 5500 bucks a year for 1 million and 1 million. 2 total. Im a local hauler though. leave house at 630am and pull back in by 4 every night. Living the dream. You OTR guys sure do get raped come insurance time

 

That includes trailer and cargo?

What year is your truck?

 

Progressive has been doing that with me the past 3 years. Good way for them to keep the insured honest about where they travel and how many miles they report.

 

HEy man, i sincerely appologize for not clarfying, 2002 pete 379. I have cargo insurance and combination on triaxle dump. Started my trucking bussiness 3 years ago. Started off with 7500 dollar premium, the next year it went down a grand. Then i just paid in full again a few months ago and my premium went down another thousand dollars. I had to call my agent to make sure something wasnt changed on my policy. IT was all good. They just kept lowering my rates. I even had an accident over the summer where some crazy old lady failed to merge and ran into side of my truck. Then tried to sue my insurance for medical expenses 6 months after the fact.

 

i guess once you start crossing state lines insurance companies just go ahead and double the rates

 

Thanks for clarification.

I'm OTR with a 2015 truck, 2016 dry van trailer with 100k cargo.

I'm right at $7200 a year. Now that my trailer is paid off and lender is removed, I'll probably just have collision on it and my premium should drop.