Leasing with your own authority

Currently running my own truck under my own authority. Just kicking around the idea of expanding. Wondering if anyone has run their own authority and purchased a second truck and just leased it on with another carrier that would dispatch and keep a driver busy. Also curious about legalities around doing something like this. Just wondering if the benefits of fleet insurance rates and some of the discounts on parts and maintenance would be worth it. I checked for this question and didn't find it so if it's posted elsewhere please point me in that direction. Thanks in advance for any help.

 

That's what I was chasing so to speak. It's been a few years so my insurance isn't hateful but I can't beat a fleet rate I'm sure. I have my own numbers and know what it takes to keep up on one truck so I was wondering if the trade off in percentage loss vs fleet rate insurance and other discounts that some offer is worth it. I know some swear by going it alone for the largest margin and others would rather let the dot issues be someone else's problem as far as the paperwork goes. Just figured this is where the pros are so I'd better speak with more experienced minds. Thanks again everyone for the input.

 

Insurance was 3500 last year so like I said it's not terrible. As far as scared goes....no doubt. The other reason would be because the entire time I've been driving I've been doing the same thing. I don't have experience with running certain lanes or chasing loads on load boards. I want to put the truck on something other than what I'm doing because there is better money out there. I don't do bad but I'm willing to give a little to be home every night. Running under the local exemption is what I'm doing now and there isn't time for me to be stopping all day to chase other loads. I guess I was just looking for the easy way out so to speak. I'll have to do a little homework in the area and see if there are a few places that I could put the truck on under my authority and they would still keep it moving regularly. I just don't want to go for it and get myself caught up because I didn't ask a few questions to people that have been there and done it. 100% agree on the driver thing. Is there any place that guys guys are finding decent ones? Kinda feel like the good ones are employed and taken good care of.