Insurance

Yes. There's usually not a whole lot of insurance companies to choose from for new authorities though.

 

Why wow?

 

no track record and historically bad loss ratios

 

Yeah I screwed up my post what I meant was why did you say wow to Markell?

 

Do what you can to get your first year in, then shop around. 790 credit, One at fault accident ever 2015 minor, Overload 2013
12 years experience
7k for
2000 classic with bunk
2000 fld daycab as spare
2017 wilson hopper
1996 flatbed

1mill
1mill
100k cargo
Bailee to 35k covers rented, barrowed equipment. Any thing.
Great West.

 

So here’s a question. I pay $2000/yr for liability on the 1986 Pete 359 in the sig pic. This is insanely low. I think they’ve undervalued the truck. I estimate the truck is worth $30k US. I could get it appraised but does that appraisal automatically go to the Ins company? Will the Ins company tell me they currently have it valued at? Why Is it my job to tell them what it’s worth?

 

No the appraisal wouldn't go to the insurance company automatically.
They can't tell you how much to insure the truck for. You tell them. That way if you over insure or under insure it it's on you, not them

 

Any help progressive is 45k a year for new authority 1988 peterbilt intrastate under 300 mile radius. I'm 20, no wrecks tickets or anything, credit score 700+

 

3 years ago when I could afford a first truck I looked into costs. I had called OOIDA. Basically a first year of on your own the costs will be high. I was told at the time that it might reflect better to sign on with some one using their insurance for the first year. That after a solid year of nothing happening would OOIDA be really able to help get a better deal. Yet the cost I was seeing was 5k for the insurance alone minimum.

 

Yes you tell them what you want it insured for. However watch out for terms like 30,000 insured, or actual cash value. Yes you pay for 30,000 coverage, but they will try to pay you actual cash value the day of loss. Its tricky stuff.