Is 61 too old to be a new driver?

Discussion in 'Questions From New Drivers' started by Hogleg, Mar 13, 2017.

  1. calnca

    calnca Medium Load Member

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    Apr 2, 2014
    Bella Vista, AR
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    Yes.....you need to be added as a "driver" on the policy as long as you have a permit and or newly minted CDL
     
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  3. Hogleg

    Hogleg Medium Load Member

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    Nov 20, 2016
    Salem, Illinois
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    So, just to give you guys some insight...

    We have 1 driver at the time and 2 trucks. We bought a second one because the Pete needed some extended down time to correct some issues. We got our new insurance notice after we added the second truck and our insurance jumped from $1,300 to $2100 a month. Seriously? We only have one driver! $800 a month to sit in the shop. So we dropped it from the policy. We may sell it or we may drive it. Not sure, yet. Hope a tree does not fall on it.

    I got to thinking what about me driving it occasionally... Not over the hill yet but I can see the start of the grade. ;)

    I can license the truck for around $130 a month on a low use mileage tag. Fair enough. But to get the insurance back is at least $800 a month plus whatever they decide they will charge me for being a second driver. My guess it will be somewhere between $1000 and $1500 a month before I am legal to drive it. Pretty steep table stakes.

    This requires a commitment to run the truck, not just have it available in the event a job comes along. I am a business owner also so I have to decide if this is a good business decision or just an old man fantasy... The other 2 owners think it is the latter one.
     
    Last edited: Mar 13, 2017
  4. calnca

    calnca Medium Load Member

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    Bella Vista, AR
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    Not necessarily true.........80% of our business is written in our "admitted" companies.....those companies with "filings" with the various Departments of Insurance.......we file rates and RULES. The Department of Insurance oversees our application of our filing to make sure we follow what we filed.

    For risks that don't fit the rules that we have filed in a given state we have available a "non-admitted" carrier that is NOT REGULATED (no filed rates or rules with the various Departments of Insurance) where we can OFFER a way to handle those difficult risks that need coverage yet are outside the norm (losses, mvr, new cdl, commodity hauled). Inevitably the rates we charge in the non-admitted market are higher than our filed rate/rule structure.....but at least we are offering ways for risks outside the "norm" to get insurance and start their business.
     
  5. Hogleg

    Hogleg Medium Load Member

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    Nov 20, 2016
    Salem, Illinois
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    Is it documented how a business can move into "the norm"? In our case, is it just our driver getting older (and maintaining a good driving record) or are there other factors? Still learning this business.

    Really appreciate your input here, very enlightening.
     
  6. calnca

    calnca Medium Load Member

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    Bella Vista, AR
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    once a driver has 12 months CDL experience, the debit starts dropping.....once 24 months it's all gone.
     
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  7. Hogleg

    Hogleg Medium Load Member

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    Nov 20, 2016
    Salem, Illinois
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    One more question if I may - Does this time get accumulated based on when the CDL was issued, or is there some other way the insurance company tracks the months of experience?
     
  8. Getsinyourblood

    Getsinyourblood Road Train Member

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    Anyone named @Hogleg is bound to be a good driver.
     
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  9. tscottme

    tscottme Road Train Member

  10. Ridgeline

    Ridgeline Road Train Member

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    Michigan
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    I don't buy that at all, he is a CDL holder, not a trainer, so he is also an employee and you hold all the liability. So I would say he isn't a trainer but he is the CDL holder that you have to have in order for you to use your permit.

    See here is the thing, his CDL gives him all the privileges of being in charge of a truck on a public road with no restrictions, and seeing he has met the qualifications, then he has the right to have a permit holder drive the truck with him observing and training. It isn't like you need to qualify for a road test with a training company, that is still open.

    Age doesn't matter, your insurance is high already because of a driver having less than a year on the road. I wouldn't worry about it. I would check if there is an issue with a permit holder driving your truck but outside of that, I don't see an issue.

    My insurance for my authority allows me to train one driver as long as they are an employee. There is no rider I need or special steps to take to have it happen. It is all inclusive, as long as they are an employee with a valid permit issues in the state I have my company.
     
  11. cgilliland

    cgilliland Medium Load Member

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    Mar 13, 2017
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    Im interested in this answer as well. ive held a CDL for about 20 years now, for occasional lowboy duty at construction companies, but i dont know if that means anything at all in terms of verifiable experience
     
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