Insuring a second truck

Discussion in 'Ask An Owner Operator' started by spax, Mar 27, 2017.

  1. spax

    spax Medium Load Member

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    Ok question for you all is if you have a second truck sitting around, say as a spare or whatever, how do you keep it insured? I checked with my insurance company today and they said it'll double what I already pay for liability. I can understand extra for physical damage and such. I'm only one guy and can only drive one at a time so I'm at a loss as to why that would have to double.

    Surely some of you have a spare around. How do you manage, or, do you just pay the big price for two?
     
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  3. ibcalm19

    ibcalm19 Road Train Member

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    If the insurance companies know you own other truck in your name. They want to insure for it. The rip off scam. I had to show them it was no longer in company name. As you explain to them it's your back up in case you have trouble with one of your trucks. Anyway to take advantage of the little guy. I just put in a friend name's until needed. It's all about them getting money
     
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  4. ReeferOhio

    ReeferOhio Medium Load Member

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    I'd shop it, I have two trucks. I'm in one, driver in the other. My insurance did increase with the new one, but defiantly not double.
     
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  5. wore out

    wore out Numbered Classic

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    Yea mine is no where near double as said I would shop around. I am not sure this is still possible but several years ago I could sign a waiver saying it wasn't used. If I needed it swap insurance from one to the other before moving it. The way things have changed I'm sure Thats no longer possible
     
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  6. ibcalm19

    ibcalm19 Road Train Member

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    No longer possible crooks have gotten wiser
     
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  7. spax

    spax Medium Load Member

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    My original plan was to sell my newer truck and just run the old one but as the time nears I don't really want to sell my newer truck if I don't have to. I started checking into it because I thought I'd keep the old truck for closer runs and local stuff and of course as a spare if needed. Leave it to insurance to take the fun out of something.

    I did start shopping around also but I got the same answer. It still makes no sense to essentially be paying for two liability policies when I can only drive one at a time. I guess where I'm hung up is I could see it of I was adding a driver as well, essentially doubling their liability. For what they want for both I could be making a payment on a brand new truck.
     
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  8. Pepper24

    Pepper24 Road Train Member

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    So why doesn't your friend need to carry insurance on it?If you were going to have to.And how are you going to use it if you need to?
     
    Last edited: Mar 28, 2017
  9. Pepper24

    Pepper24 Road Train Member

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    never heard that same risk for second truck as the first who is your insurance company.Ive talked to several same price for every truck you ad on is common.
     
  10. Pepper24

    Pepper24 Road Train Member

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    Don't know what you do that you need a spare truck seems more of a headache then profitable.Do you keep a tag on it if so your probably have to keep insurance if your dropping the tag every time you don't need it then reapplying or transferring tags back and forth seems like a big headache to me
     
  11. clausland

    clausland Road Train Member

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    Times are rapidly changing, truck & health insurance rates are literally out of control and escalating to the point of being fiscally unobtainable by most. The way I see it, somethings gotta pop soon, maybe time to sit back and watch the show. We can't keep going the way we're going much longer. I sense something in the wind.....
     
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