Yes.....you need to be added as a "driver" on the policy as long as you have a permit and or newly minted CDL
Is 61 too old to be a new driver?
Discussion in 'Questions From New Drivers' started by Hogleg, Mar 13, 2017.
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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
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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. -
Really appreciate your input here, very enlightening. -
once a driver has 12 months CDL experience, the debit starts dropping.....once 24 months it's all gone.
Hogleg Thanks this. -
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?
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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. -
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