Insurance

Discussion in 'Ask An Owner Operator' started by Thetrashnoob, Jan 26, 2020.

  1. jamespmack

    jamespmack Road Train Member

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

    Rideandrepair Road Train Member

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    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
     
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  4. Thetrashnoob

    Thetrashnoob Light Load Member

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    That’s odd, ooida said they did write for ma but my call got disconnected half through and I didn’t have time to fall back. Great west doesn’t do ma? Or you needed experience I forget which it was
    Cargo was actually the cheapest and the auto was the most expensive (5k vs17k) Im in central mass. I still am waiting on a few places for quotes, quotes seem to take forever
     
  5. Chubby Fly

    Chubby Fly Medium Load Member

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    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
     
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  6. Thetrashnoob

    Thetrashnoob Light Load Member

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    While I think leasing on would be a good idea. I’m not sure how easy that would be to do without the verifiable experience
     
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  7. Scooter Jones

    Scooter Jones Road Train Member

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    That includes trailer and cargo?

    What year is your truck?
     
  8. Scooter Jones

    Scooter Jones Road Train Member

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    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.
     
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  9. Chubby Fly

    Chubby Fly Medium Load Member

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    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.
     
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  10. Chubby Fly

    Chubby Fly Medium Load Member

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

    Scooter Jones Road Train Member

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    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.
     
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