Is it time for me to jump in as an Owner Operator?

Discussion in 'Ask An Owner Operator' started by W Bench Farms, Jan 18, 2021.

  1. Dino soar

    Dino soar Road Train Member

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    I can believe your insurance quote. Even if it is off a little bit that's OK.

    If everything is paid off and your authority is already in place and you have money for breakdowns or buying a trailer if you need to or whatever just do it your fine.
     
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  3. Accidental Trucker

    Accidental Trucker Road Train Member

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    I have a 2001 Cornbinder on my farm policy. Liability is about $1,000 a year. It just sits there until I need a rescue truck, then I can leave with it even without having to wait for the agent to wake up and put a binder on it. Only other thing it does is shuttle a trailer to the shop or haul some hay for the neighbors.

     
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  4. ibcalm19

    ibcalm19 Heavy Load Member

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    Yours is right in line with mine from progressive 4800 for the year. I thought it was too cheap (blew my mind) considering what I see others paying. I'm reactivating my authority (inactive since 17). I count my blessings
     
  5. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

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    Is that a farm policy also ?
     
  6. Pepper24

    Pepper24 Road Train Member

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    How can you tell any thing by simply looking at load boards? The majority of the loads on there don’t show the rates or are you looking at volume of loads?And no I don’t think you’re numbers reflect reality staying within 300 with no kind of a relationship with any brokers will be tough in the beginning depending on where you live and you would really need to load out and back 300 miles a day at 2.20 a mile is only $660 a day again you could probably do better then 2.20 a mile on a 300 mile trip but again depends on where you live.And loading 300 out and 300 back a day isn’t going to be easy to find starting out..that’s just the beginning $4000 a year for liability and cargo is hard to believe
     
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  7. D.Tibbitt

    D.Tibbitt Road Train Member

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    He said he was in ohio just west of pittsburg. If theres any place u could do 300 mile radius with a flatbed and run off load boards , thats the place to be
     
  8. ibcalm19

    ibcalm19 Heavy Load Member

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    Nope 300 mile radius on the open road
     
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  9. W Bench Farms

    W Bench Farms Light Load Member

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    I have talked to some brokers along the way, and have had plenty call me. I usually ask what the rate is if it isn't posted. A lot of the flatbed loads in the area I plan to run have posted rates. $2.20/mile is not what I plan to take, just the lowest that I think I should go on any load. Looked into a load yesterday that loads 15 miles from home. Delivers about 30 miles away. 84 miles total from leaving home to get back. Pays $650. About a 4-5 hour run. If I can make $650 in a 5 hour day 3 or 4 days a week I'll take it. I have plenty of other things to do. Just wanting to help pay the bills, and try to build my business more than working for someone else.

    What kind of numbers do you think that it takes running regional? What does the truck cost to run? How many miles do you have to run to make it?
     
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  10. W Bench Farms

    W Bench Farms Light Load Member

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    My current not for hire farm policy is $750k liability, no cargo. 200 miles, 2 trucks on it. About $1800-1900/year.
     
  11. Eldiablo

    Eldiablo Medium Load Member

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    The Debbie downers are everywhere. Looks like you have it figured out so go for it. If you don’t see it working in 12 months pull the plug. The most you’d be out is the insurance even if you didn’t turn a mile.
     
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